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Fibonacci Extension

SCUSDT needs to create a new Higher highThe price bounced exactly on 1.618 Fibonacci Extension and now the market is testing the 4h resistance on 0.382 Fibonacci level. The price needs to create a new bullish impulse on 0.006$ and create a new Higher High. How to approach? If the price is going to have a breakout from it, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
8
[Ethereum] Is it really the bottom?? Will it fall more?#Crack #Ethereum #ETHUSD #Binance #Daily - Ethereum is testing the support of the section $1,651.51-$1,786.12, which provided strong support from May to July of 2021. - The Fibonacci expansion of the bear trend was supported by the 0.618 level, and VP was made, but the 0.618 level support failed in the bear trend that appeared the previous day. - The possibility of further declines should be kept in mind because of the bear trend that emerged while making a VP at the centerline of the ongoing bear trend. - If the bear trend proceeds, we can see the possibility of a bear trend to $658.95-$752.49, where the 1st level of the Fibonacci extension of the bear trend is located at the bottom of the bear trend. - If the support of the strong lows fails at $1,651.51-$1,786.12, it is highly likely to turn into strong resistance, so it is better to avoid buying in the long term. - If the $1,651.1-$1,786.12 support is successful, we can expect a bull trend to break out the $2,160.98-$2,301.88 resistance, which is located at the bottom of the bullish channel. - If a settlement is confirmed after breaking out the $2,160.98-$2,301.88 resistance, it seems that a long-term buy response can be attempted. - As the current rsi candle indicator continues to show low signals, a trend reversal can be expected. As mentioned above, in the case of a failure of the $1,651.51-$1,786.12 support, a long-term bear trend can continue.
BINANCE:ETHUSD
by Tommy_Trader
1
EURUSD H1, ABOVE 1.0591,TARGET 1.0674 -1.0806As expected,EURUSD hit 1.0635. As I said in the previous idea, "So far, EURUSD still rejected from1.0340. While Above 1.0340, Potential Rebound to target 1.0635 & 1.0800." For now, while Above 1.0591,EURUSD Still Bullish. Open The Way To Target 1.0674-1.0806 Area. 1.0459-1.0591 Neutral Area, Short Term Consolidation. But, Below 1.0459, would Cancel EURUSD Short Term Bullish. Open The Way To Retest 1.0348. Below 1.0348 Would be a Strong Bearish.
Long
by Wahyu_Luck
Winter Is Coming » The Great Reset? As you can see, this is a monthly view of the SPDR S&P 500 index - ticker symbol $SPY - on a monthly basis. We have just closed Q1, 2022 with a truly epic rally: $AAPL had its best stretch since 2003, and a series of hot stocks ($AMZN, $GOOGL, $TSLA, $GME) have either confirmed stock split plans or have mentioned the serious possibilities of it. We have closed the month with a bullish engulfing candle on the monthly chart. $QQQ's monthly chart looks like a hanging man - today's selling put us just under an engulfing. We're going to see some interesting action in Q2, and in the next few weeks, but don't let yourself be fooled into thinking Feb24/Mar14 was the bottom by idiots like Cramer. Good luck out there. I invite anyone to present their bullish or bearish thesis in the comments section!
AMEX:SPY
by OptionsAddicts