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Fibonaccianalysis

ADA Long Trade with Video ExplanationThis is just a cleaned up chart from my analysis HERE. Trade logic summary: Cardano has been holding this ~$0.40 range for the past four months or so while making lower highs creating what appears to me to be a triangle. Using the triangle to estimate a time horizon for this trade, I'd expect a break out in one direction or another by the end of November. The strength of that breakout will also be telling, but we'll review that data as it comes. The Trade Time Frame is 2-6 months Entry is at $0.5223 Stop-loss is approx 20% below my entry. I do not have a hard stop-order set, but I do have alerts set on the way down to that region as I am actively managing this trade. Target is open as this is a long position, though I will likely take some profit at the $0.75 range (alerts set in that region as well) Sizing For this trade I used roughly 20% of my cash available to trade, which is about 12% of my trading portfolio tied up in this trade over the next few months. Risk With a floating stop at around 20% below my entry, loss would result in about a 4% loss of cash available to trade and about a 2.4% loss of my current portfolio balance. Profit If long plays out and initial target of $0.75 is reached, that would result in about a 45% gain on trade , a 9% increase of cash available to trade , and 5.4% increase of current portfolio balance . I'll try to be sure to update this post as we move forward. If anyone follows this trade, feel free to follow up in the future. Thanks for reading!
Long
by spreck
2
DOGE / USDT 4H interval reviewHello everyone, let's take a look at the 4H DOGE to USDT chart as you can see the price is moving below the local downtrend line. Let's start by setting goals for the near future that we can consider: T1 = $ 0.06437 T2 = $ 0.06549 T3 = $ 0.06641 T4 = $ 0.06735 and T5 = $ 0.06858 Now let's move on to the stop loss in case of further market declines: SL1 = $ 0.06307 SL2 = $ 0.06191 SL3 = $ 0.06097 SL4 = $ 0.06005 and SL5 = $ 0.05870 Looking at the CHOP indicator, we see that in the 4H range the energy is slowly rising, while the MACD indicator shows an upward trend but we are close to entering the local downward trend.
by cryptodailyuk
DOT / USDT 4H CHART - Targets and Stoploss!Hello everyone, let's take a look at the 4H DOT to USDT chart as you can see the price is moving above the local uptrend line. Let's start by setting goals for the near future that we can consider: T1 = $ 7.86 T2 = $ 8.02 T3 = $ 8.16 T4 = $ 8.31 and T5 = $ 8.51 Now let's move on to the stop loss in case of further market declines: SL1 = $ 7.71 SL2 = $ 7.58 SL3 = $ 7.47 SL4 = $ 7.34 and SSL5 = $ 7.19 Looking at the CHOP indicator, we can see that in the 4H range the energy slowly starts to rise, while the MACD indicator shows a local downward trend.
by cryptodailyuk
1
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 21,269, if the support breaks down, the next support is $ 21,027, $ 20,825 and $ 20,606. Now let's move from the resistance line as you can see the first resistance is $ 21,618, if you can break it the next resistance will be $ 22,621 and $ 23,247. Looking at the CHOP indicator, we can see that we have very little energy in the 4-hour interval, and the MACD indicator shows that we can enter a local downward trend.
by cryptodailyuk
ADA/USDT TARGETS AND STOPLOSS 4HHello everyone, let's take a look at the 4H ADA to USDT chart as you can see the price is moving above the local uptrend line. Let's start by setting goals for the near future that we can consider: T1 - $ 0.4975 T2 - $ 0.5083 T3 - $ 0.5232 and T4 - $ 0.5422 Now let's move on to the stop loss in case of further market declines: SL1 - $ 0.4828 SL2 - $ 0.4756 SL3 - $ 0.4690 SL4 - $ 0.4597 and SL5 - $ 0.4469 Looking at the CHOP indicator, we can see that in the 4H range, energy has been used, while the MACD indicator shows a local upward trend.
by cryptodailyuk
4
Daily review of ETH interval 1DHello everyone, let's take a look at the ETH to USDT chart on a 1 day time frame. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 1639, if the support breaks down, the next support is $ 1519 and $ 1402. Now let's move from the resistance line as you can see the first resistance is $ 1728, if you can break it the next resistance will be $ 1800, $ 1898 and $ 2034. Looking at the CHOP indicator, we can see that some energy has been used in the 1 day interval, but we have a lot to continue moving, and the MACD indicator shows an uptrend.
by cryptodailyuk
2
Daily review of BTC interval 1DHello everyone, let's take a look at the BTC to USDT chart over a 1 day timeframe. As you can see, the price has risen above the local downtrend line and has rebounded nicely from the recent declines. Let's start by marking the resistance line, as you can see, the first resistance is $ 21,501, if you can break it, the next resistance will be $ 22,638 and $ 23,366. Now let's move on to the designation of the support line and as you can see the first support in the near future is $ 20,590, if the support breaks down, the next support is $ 20078 and $ 19,670. Looking at the CHOP indicator, we can see that on the 1-day interval, the energy begins to slowly increase, and the MACD indicator shows that we have changed the downward trend into an upward trend.
by cryptodailyuk
4
Daily review of ETH interval 4HHello everyone, let's take a look at the 4H ETH to USDT chart as you can see the price is moving above the local uptrend line. Let's start by setting goals for the near future that we can consider: T1 = $ 1,658 T2 = $ 1,678 T3 = $ 1,698 T4 = $ 1726 and T5 = $ 1763 Now let's move on to the stop loss in case of further market declines: SL1 = $ 1,608 SL2 = $ 1578 SL3 = $ 1,555 SL4 = $ 1532 and SL5 = $ 1,498 Looking at the CHOP indicator, we can see that in the 4H range the energy slowly starts to rise, while the MACD indicator shows a local upward trend.
by cryptodailyuk
Update Long-term BTC analysisHi everyone. Today we have marked an uptrend channel with yellow lines, which has been broken downwards and now the price is below the local downtrend line. As you can see, we have an important support zone: - support zone, where the BTC price is currently from $ 20,957 to $ 17,669, if the price drops below the designated zone, we can expect further drops to around $ 12,000. Then we have the first resistance zone from $ 22,368 to $ 23,058, if we break it, we have a resistance zone from $ 24,696 to $ 26,196. A break from this zone may cause further gains towards the resistance at $ 28,754. Also noteworthy is the CHOP indicator, which indicates that most of the energy has been used, and the MACD indicator, which indicates that at this moment we have broken the downward trend and we are in an uptrend locally.
Long
by cryptodailyuk
10
Daily review of BTC interval 1HHello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, the price is moving below the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,090, if the support breaks down, the next support is $ 19,022, $ 18,942 and $ 18,692. Now let's move from the resistance line, as you can see, the first resistance is $ 19,247, if you can break it, the next resistance will be $ 19393, $ 19509 and $ 19625. Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-hour interval, and the MACD indicator shows a local downward trend.
Short
by cryptodailyuk
3
ADA/USDT TARGETS AND STOPLOSS 4HHello everyone, let's take a look at the 4H ADA to USDT chart as you can see the price is moving below the local downtrend line. Let's start by setting goals for the near future that we can consider: T1 - $ 0.4718 T2 - $ 0.4768 T3 - $ 0.4830 and T4 - $ 0.5008 Now let's move on to the stop loss in case of further market declines: SL1 - $ 0.4611 SL2 - $ 0.4524 SL3 - $ 0.4453 SL4 - $ 0.4382 and SL5 - $ 0.4284 Looking at the CHOP indicator, we can see that in the 4H range, energy has been used, while the MACD indicator shows a local downward trend.
by cryptodailyuk
Daily review of ETH interval 4HHello everyone, let's take a look at the 4H ETH to USDT chart as you can see the price is moving below the local downtrend channel. Let's start by setting goals for the near future that we can consider: T1 = $ 1,565 T2 = $ 1,585 T3 = $ 1,611 and T4 = $ 1,643 Now let's move on to the stop loss in case of further market declines: SL1 = $ 1,514 SL2 = $ 1,485 SL3 = $ 1,462 SL4 = $ 1,439 and SL5 = $ 1,406 Looking at the CHOP indicator, we can see that in the 4H range the energy slowly starts to rise, while the MACD indicator shows a local downward trend.
by cryptodailyuk
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving below the local downtrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 18,547, if the support breaks down, the next support is $ 18,289, $ 18,092 and $ 17,888. Now let's move from the resistance line as you can see the first resistance is $ 18,920, if you can break it the next resistance will be $ 19,049, $ 19,415 and $ 19,994. Looking at the CHOP indicator, we can see that in the 4-hour interval, energy has been consumed, and the MACD indicator shows a local downward trend.
by cryptodailyuk
2
Daily review of BTC interval 1DHello everyone, let's take a look at the BTC to USDT chart over a 1 day timeframe. As you can see, the price is moving below the local downtrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 18,863, if the support breaks down, the next support is $ 17,721 and $ 16,947. Now let's move from the resistance line as you can see the first resistance is $ 20,571, if you can break it the next resistance will be $ 21,703 and $ 22,552. Looking at the CHOP indicator, we can see that in the 1-day interval some energy has been used, and the MACD indicator indicates that we are still in an upward trend, but we are approaching a downward trend.
by cryptodailyuk