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Fibonacci Retracement

Time for ARKK to Breakout?ARKK has been trading within a channel and finally appears like maybe it's time to breakout? When ARKF and ARKW signaled earlier in the day, figured it was only a matter of time when this one would go! With Fed tomorrow this on is a tricky trade and if anything this bear flag appears it retraced to the golden pocket on dropping volume. However, this one is my favorite one to trade when it signals. Let me know if you think this is a bear flag ready to move lower with Fed speak or going to move higher? The King Trading Momentum Strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes and even something that measures breakout momentum called Beta for this one! ARKK and over 100 equities are built into this script with optimal backtest take profits and stop losses and can be toggled on by simply checking a box (default they are turned off). This one has won a couple in a row and this algo likes to get streaky!
AMEX:ARKKLong
by KingTrading999
BTCUSDT Fresh Short Setup: Targeting Key Support Zones with SMC Description: This trade setup presents a Bitcoin short opportunity on the 4H timeframe using the Smart Money Concepts (SMC) framework. After a significant reaction from the supply zone, Bitcoin's price structure aligns with bearish confluences, signaling potential downside. Additionally, external events, such as the recent announcement of China's AI application "DeepSeek," may have amplified market volatility, further supporting the setup. Trade Setup: Entry: Between 103,300 and 104,500 Take-Profit Levels (TP): 101,897 99,825 97,565 95,208 Stop Loss (SL): Above 105,975 Analysis and Confluences: Market Structure: Bitcoin remains in a bearish trend on the 4H timeframe, with consistent lower highs and lower lows. Supply Zone: The price is entering the 103.3k–104.5k supply zone, a key resistance area where sellers are expected to dominate. Fibonacci Confluence: This zone overlaps with the 0.618–0.786 Fibonacci retracement levels, a high-probability reversal area. Liquidity Sweeps: Liquidity above previous highs has been swept, leaving the path clear for potential downside. Bearish Targets: The targets align with previous demand zones and liquidity pools at 101,897, 99,825, 97,565, and 95,208. Trade Plan: Confirmation: Wait for bearish price action signals or smaller timeframe BOS (Break of Structure) within the supply zone before entering. Risk Management: Adjust position size to keep risk within acceptable levels. After reaching TP1, move your stop loss to breakeven and secure partial profits. Final Note: While bearish bias dominates, unexpected macroeconomic events can cause reversals, so use tight risk management.
Short
by AdasX
1
GOLD → Character changes, bearish premise emergesGOLD updates the low and tests trend support, testing the market and traders' nerves. The dollar is rebounding, putting pressure on the metal. Gold is moving into a correction, gradually changing the bullish nature of the market to bearish under selling pressure due to growing demand for the dollar amid fears of a trade war over Trump's policies. The issue of tariffs by the US is still open. Meanwhile, traders' attention is focused on data on durable goods orders and consumer confidence in the US, as well as the Fed meeting, the outcome of which will be announced on Wednesday. Technically, after breaking the bullish structure, the price is testing the channel support. It is quite difficult to break this line from the first time and the price may form a correction to 2745, or to the imbalance zone, for example, to 2750- 2760 Fibo, before the market desire to sell resumes. Resistance levels: 2745, 2751, 2760 Support levels: 2735 (trigger), 2717 If 2745 does not miss price and gold returns to 2735, then we should prepare for a break of trend support. In that case, an impulse to 2717 could form. But, if 2745 does not hold the price, gold may test 2750 - 2760 before falling further. Regards R. Linda!
FX:XAUUSDShort
by RLinda
18
XLMUSDT → Attempt to change the local trendBINANCE:XLMUSDT is entering the correction phase after attempting to forge an uptrend. Price is breaking support due to the change in market nastreonium and bitcoin correction. Bitcoin is moving into a correction, which is generally creating pressure for the already weak altcoin market. The reason is disappointment from the cryptocurrency community due to the lack of hints about cryptocurrencies in the new President Trump's speech. The market is trying to digest this fact as part of a correction. XLM is technically breaking the ascending support inside the global descending channel, meaning that the pressure on the market from the bears is still present. Support levels: 0.4177, 0.3896 Resistance levels: 0.460, 0.4955 The focus is on the previously broken channel boundary and the support level at 0.4177. The price may still test the previously broken channel boundary before falling further. But, a breakdown and consolidation of the price below 0.4177 may provoke sales. Regards R. Linda!
Short
by RLinda
5
SUI → The coin is coming out of an uptrend. Capitulation?BINANCE:SUIUSDT is breaking the bullish structure and testing a trigger that could trigger a strong fall. Yesterday's speech by President Trump Disappointed the cryptocurrency community. The main question is whether a correction is possible? A correction is possible and there are several reasons for that: bitcoin is making a false breakout and generally hinting at a possible price correction after Trump's post-inauguration speech yesterday, where not a word was said about cryptocurrency. Some felt cheated. But, in this context, actions are important, if Trump moves to fulfill his promises, we may have a bullish driver. At the moment, technically, the price is leaving the uptrend and testing the 4.250 trigger. It is a strong enough level, a break of which could make the bulls panic, which could lead to capitulation and price decline. Resistance levels: 4.489, 4.84, 5.12 Support levels: 4.25, 4.00 A retest of the resistance or the previously broken channel boundary is possible, but a break below 4.25 may trigger a fall. A pre-breakdown consolidation is forming around this level. Watch the coin! Regards R. Linda!
Short
by RLinda
10
BUY EURUSD H4 | FOREX BEEHey Traders, This EUR/USD H4 chart suggests a bullish scenario, with price action breaking key levels and retesting them for continuation. Here's the technical analysis: ### Observations: 1. Trend Analysis: - The price has broken above the descending trendline, signaling a shift from a bearish to a bullish bias. - The breakout has been followed by a successful retest within the green zone, confirming it as a support level. 2. Key Levels: - Support: The green zone around 1.0480-1.0500 has acted as a strong support after the breakout. - Resistance: The chart highlights a target near the 0.5 Fibonacci level at 1.0694. 3. Retest Zone: - The blue highlighted area indicates a retest of the broken trendline and horizontal support. This confluence area strengthens the bullish case. 4. Fibonacci Levels: - The 0.236 Fibonacci level (~1.0424) was successfully held, suggesting that the retracement is over and the upward momentum may resume. 5. Potential Movement**: - The price is expected to continue its bullish movement, as indicated by the blue arrows, with a primary target around 1.0694. --- ### My Thoughts: This chart looks bullish, with a strong base formed around 1.0480-1.0500. Watching for further confirmation through price action, such as higher highs and higher lows, would be wise. However, a break below the retest area could invalidate this setup and shift the bias.
Long
by forexbeesignals
SUI/USDT 1D Interval Chart ReviewHello everyone, let's look at the 1D SUI to USDT chart, as we can see the price was moving in the local uptrend channel from which we saw a breakout at the bottom, what's more we can define here the local downtrend line in orange color under which the price is currently holding. The current price decline stopped evenly at a strong support at $ 3.49, however, if the support is broken further we can see the price falling to around $ 3.04, and then it can quickly fall to around $ 2.41. Looking the other way we can see that when the trend reverses we have to face the resistance at $ 3.93, then the important level is $ 4.21, which the price must overcome, then it will be able to move further towards the resistances at $ 4.66, and then $ 4.97. Taking into account the STOCH indicator, we can see how we have gone below the lower limit, which is currently confirmed by a slight price rebound, but here we can see that there is a lot of room for potential new increases after the end of the current correction.
by cryptodailyuk
Bitcoin TA Alert: Perfect $97K Long Setup Incoming?Bitcoin remains range-bound between $107K and $100K as we approach the weekend. Let’s break down the current key levels and trade setups based on the data available. Support and Long Setup The GETTEX:97K level emerges as a strong support zone for a long trade setup: 0.618 Fibonacci retracement from the recent swing low to high aligns perfectly at GETTEX:97K The POC (Point of Control) from the 70-day trading range also sits at this level, adding confluence If the price reaches GETTEX:97K by Sunday or Monday, the trendline support will further strengthen this zone A laddered long position can be placed around GETTEX:97K , with: Stop-loss: Below $93K Take Profit: around $113K Risk-to-Reward (R:R): 4:1 - an attractive trade setup Resistance and Short Setup For the short trade setup, the current price around $106K offers an opportunity: Enter a short trade targeting the GETTEX:97K level Stop-loss: Above the all-time high (ATH) at $107K Take Profit (TP): GETTEX:97K R:R: 2:1 - reasonable given the tight risk management
Long
by SiDec
SELL USDJPY H4 | FOREX BEEHey Traders, This USD/JPY H4 chart appears to show a descending triangle formation, typically signaling a bearish continuation pattern. The key levels and considerations are: 1. Trend Analysis: - The market seems to have broken the ascending trendline (blue) decisively, suggesting strong bearish momentum. - The price is currently trading below key resistance zones (highlighted in red). 2. Fibonacci Level: - The 0.618 Fibonacci retracement (155.01) was tested but failed to hold, further indicating bearish strength. 3. Target Zones: - A bearish move toward the next demand zone near the 0.236 Fibonacci level (~151.18) appears likely, as marked on the chart. 4. Retest and Continuation: - The blue arrow suggests a possible retest of the broken support-turned-resistance zone before continuing downward. ### My Thoughts: The chart indicates bearish bias, with the next likely target near 151.18. However, monitoring the retest area closely for rejection signals to confirm the continuation is essential. Fundamental factors like USD or JPY economic data can further drive this movement.
Short
by forexbeesignals
GOLD → A correction before the final spurt to ATH - 2790 ?FX:XAUUSD has been shaking against the support at 2762 since the opening of the session. Most likely, the chances of ATH retest are still high. Dollar in correction gives chances to yellow metal lovers Traders faced profit taking as they await Fed statements and the Trump administration's actions on trade tariffs. U.S. tariff plans and PMI data continue to influence sentiment, the dollar and gold. Economically, the week ahead will be quite important with Fed rate, US GDP and PCE decisions. Technically, gold tested a key support zone, but the price did not reach the risk zone where we could expect a trend reversal. We can assume that the extra passengers were dropped off the train, taking their money ;) Resistance levels: 2762, 2790 Support levels: 2751, 2747 The focus at this point is on the 2762 level. If the gold can consolidate above this support, then we should wait for 2790. Still, this is an important zone that cannot leave speculators alone. We are waiting for ATH retest and false breakout. Regards R. Linda!
FX:XAUUSDLong
by RLinda
11
EURUSD → price confirms trend changeEURUSD breaks the trend. The price comes out of consolidation, updating the highs confirms the final change of trend. Now the struggle in the market will be for the resistance zones... The dollar correction, the main motives of which are politics and geopolitics, gives chances to the forex market. EURUSD has been strengthening for a month and is beginning to hint at good prospects if the dollar continues its correction in the meantime. This week all eyes are on the Fed rate and inflation meeting, which may support the current movements. Technically, the focus is on the support at 1.0448. If the bulls hold the defense above this zone, the price will reach 1.06 - 1.07 in the short to medium term. Resistance levels: 1.053, 1.0607 Support levels: 1.0448 The price has already tested the area of 1.0448. Another false breakdown may be formed, the purpose of which will be the capture of liquidity, after which the currency pair will continue its growth according to the intentions of buyers, who have finally awakened interest in the euro. Regards R. Linda!
Long
by RLinda
8
BANKNIFTY Potential price actionI mentioned the significance of the green lines visible on the chart, which represent key levels. Specifically, I highlighted yesterday’s low and explained that if the price breaks below this level, it could undercut the previous support at 48,074. As we can see, both levels were breached with a gap down. However, the price has been recovering since then and continues to do so. Currently, the level around 48,300 appears to act as a resistance. If the price manages to break above this level, it could signal bullish momentum, with potential targets at 48,800 and 49,000. On the downside, the price will only turn bearish if it breaks below 47,841, which is a critical support level for now. Let’s monitor how the price behaves during the rest of today’s session or tomorrow to get a clearer picture of the market’s direction.
NSE:BANKNIFTY
by TradeTechanalysis
BITCOIN → New targets! What will happen to ALTCOINS ?BINANCE:BTCUSD went into consolidation after a failed attempt to break through the 108K resistance. Nothing terrible happened, the weekly structure is quite strong, and the market needs to build up its potential. What is happening and what to expect in the future? In the week ahead, the focus is on the US rate meeting, GDP and PCE. If the US macroeconomic data disappoints, it could lead to a lower dollar and more interest in BTC. As for Trump, he may give a good driver to the market if he pushes for the inclusion of BTC in the federal reserve, which is what the crypto trading community is waiting for now. But, it should be realized that tight US monetary policy and possible further rate hikes create pressure on high-risk assets, including bitcoin. In a sideways moving environment, BTC dominance remains stable, around 50-60%. Altcoins are more likely to perform weakly in such an environment, with the exception of a few highly liquid assets. If BINANCE:BTCUSD drops to 91.7К - 95К USD, it is likely that capital will continue to stay in BTC as investors focus on risk mitigation. Altcoins can only show growth if bitcoin has a new momentum above 107,400 USD. Resistance levels:106.9, 107.5 Support levels: 102.5, 99950 Because of the strong resistance, the price is very likely to test one of the key support levels. And already from 102.5 - 100K a rather aggressive rebound may follow. But it is necessary to observe the character of the price and its approaching to these or those strong levels. Sharp movements often end in reversals, when smooth and gradual heralds a breakout. Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
55
GOLD → A U-turn? Medium-term targets. Up ahead, 2790FX:XAUUSD is taking advantage of the dollar correction and almost reaches ATH 2790. The chance of updating the maximum is quite high, but there are a few “BUTs”. Let's talk about the medium term and possible targets Economically, the coming week will be quite important, there will be decisions on the Fed Funds rate , US GDP and PCE . If the rate remains unchanged and the Fed's rhetoric is tough, this could put pressure on gold, a softer policy would support the metal, as would a slowdown in GDP growth if supported by actual data. PCE data may indicate that inflationary pressures remain. If the data is better than expected, it will strengthen the chances of further Fed rate hikes, which in turn will support the dollar and reduce demand for gold. Technically, the price is heading towards 2790 and the chance of reaching this target is quite high, but the potential for further upside after breaking the resistance is not there yet as there is no energy to do so. A strong move of 8% (since December 18) could easily be stopped by the resistance level ahead and gold could go into correction or consolidation Resistance levels: 2790 Support levels: 2762, 2750, 2735 Overall, expected economic data points to support for the Dollar, which could put pressure on gold. Highlights for Gold are FOMC results and GDP data, as well as unexpected deviations from the forecast in economic data, which could change the current dynamics. What to expect from the price? Most likely, after a correction to 2762 (liquidity zone), growth will resume and the price will head towards the most important target at the moment - 2790. The one and a half month rally may end with a false breakout of 2790 and the beginning of correction. I am not talking about the trend reversal yet, as we should follow the market reaction to the general situation. Zones of interest within the correction may be several local and several global zones: Local targets (if bullish): 2762, 2735 Medium-term targets (if trend change is confirmed): 2714, 2689, 2643 Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
11
Next Week’s Market Forecast: Potential Price Correction:Next Week’s Market Forecast: Potential Price Correction: Since the price is near the Premium Zone and a resistance level, a short-term correction towards support levels may occur. Key Support Levels to Watch: Equilibrium Zone: A strong support zone around $2720 - $2730. Discount Zone: Lower support at $2617 - $2630, where buyers may step in. Continuation of the Uptrend: If the price breaks above the current resistance (Weak High at $2778 - $2780) and consolidates, it may continue its bullish momentum. Critical Levels for Traders: Monitor price action at resistance zones to confirm rejection or breakout. Use BOS and CHoCH signals to align trades with the trend. Key Support and Resistance Levels: Resistance Levels: $2780 - $2800: A major resistance zone (Premium Zone), likely to cause selling pressure. $2775 - $2778 (Weak High): Another strong resistance, which could lead to price rejection. Support Levels: $2720 - $2730 (Equilibrium Zone): An initial support zone for potential price rebounds. $2700 - $2710 (PDL): Another strong support level from previous daily lows. $2617 - $2630 (Discount Zone): A major demand zone for potential bullish reactions. Suggested Trading Strategy: Resistance Reaction: If the price reaches $2778 - $2780 and shows weakness, consider short-term selling opportunities targeting lower support levels. Support Reaction: If the price drops to $2720 - $2730 or $2700 - $2710 and reversal patterns emerge, look for buying opportunities.
SAXO:XAUUSDShort
by hesamdrgym
The Last Chance for a Rebound? AVAAI at a Critical Turning PointMarket Watch: A Vital Moment for AVAAI Today’s price action for AVAAI hovers around $0.11503, marking a 66% retracement from its January 15 absolute high of $0.33852​. The asset sits just above its historic low of $0.11075, hit earlier today—a signal of potential exhaustion after a prolonged downtrend​​. The RSI (14) on the 1-hour chart has plummeted to 25.94, screaming oversold conditions, while the MFI at 35.43 hints at a lack of aggressive buying power to counter selling pressure​. Despite this bearish sentiment, the emergence of a “VSA Buy Pattern Extra 1st” on the 1-hour chart signals possible accumulation. Coupled with decreasing bearish momentum, this could indicate that the market is primed for a short-term rally​​. The burning question: Can AVAAI rise from the ashes, or will it sink below support, confirming a deeper capitulation? AVAAI's mid-term trajectory depends on a test of the powerful resistance at $0.15486. A break above this level could trigger a momentum surge toward the 50-day MA of $0.15548, offering hope to bulls. However, failure to stabilize may lead to a retest of today’s low and a possible further collapse​. This is a pivotal moment for both cautious investors eyeing long-term accumulation and short-term traders aiming for quick profits. Stay tuned, the clock is ticking on AAVAAI’s next big move! Roadmap of AVAAI: Historical Patterns in Action Dive into the sequential analysis of key patterns observed on AVAAI, uncovering how past signals played out and what lessons they offer for traders and investors. Let’s walk through the timeline, separating the winners from the noise. January 23, 00:00 UTC – VSA Buy Pattern Extra 1st Direction: Buy Opening at $0.18614, the pattern closed slightly lower at $0.17788. This was a cautious buy signal as the main direction was upward, but the price slid further in the next bars. A return above the low of $0.17746 would have been a key confirmation, but the lack of upward momentum resulted in a muted follow-through. This pattern didn’t hold water. January 24, 08:00 UTC – VSA Manipulation Sell Pattern 3rd Direction: Sell This was a classic bearish setup, with the opening at $0.15864 and a subsequent close at $0.15382. The following bars confirmed the downward pressure as the price dropped further to $0.13872. This sell signal worked perfectly, offering an actionable trade for short-sellers. January 24, 16:00 UTC – Increased Sell Volumes Direction: Sell The bearish trend continued with volumes surging as the price opened at $0.1498 and closed at $0.13872. The subsequent bars saw an aggressive decline, validating the pattern. For traders eyeing confirmation, this signal was textbook accurate. January 24, 18:00 UTC – VSA Buy Pattern Extra 2nd Direction: Buy At this point, the bulls attempted a comeback. Opening at $0.14034, the price closed at $0.13479. However, despite some short-lived bullish movement, the pattern lacked strength as the price failed to hold above $0.1418. This was a fakeout rather than a breakthrough. January 24, 19:00 UTC – VSA Buy Pattern Extra 1st Direction: Buy Opening at $0.13479 and closing at $0.13316, this pattern once again showed bulls struggling to reclaim dominance. The key levels failed to trigger, and the main direction wasn’t validated. Skipping this pattern would save traders from unnecessary risk. January 25, 00:00 UTC – VSA Buy Pattern Extra 1st Direction: Buy With the opening price at $0.118 and closing at $0.11206, this marked another failed attempt by the bulls to regain control. The pattern lacked follow-through, signaling the market's overall bearish sentiment. Key Takeaways The recent history of AVAAI showcases a dominating bearish narrative validated by successive sell signals. Buyers, though making attempts, have failed to sustain momentum. For traders, this roadmap highlights the importance of validating signals with follow-through price action and staying flexible in shifting markets. Are we seeing the final test of bearish resolve, or is a reversal brewing? Watch for stronger confirmations and keep your risk tight—opportunities await the sharp-eyed trader. Technical & Price Action Analysis: Key Levels to Watch When it comes to trading, knowing your levels is half the battle. Below are the critical support and resistance zones for AVAAI based on current market dynamics. Remember, if these levels fail to hold, they’ll flip to act as resistance, creating new challenges for price action. Support Levels There are no confirmed support levels currently holding the price steady. The market remains in a precarious position, and traders should keep a close eye on any emerging floors for potential reversals. Resistance Levels $0.15486 – A minor resistance that the bulls need to smash to build any meaningful upward momentum. $0.30293 – A higher resistance zone that will require significant buying volume to conquer. Powerful Support Levels Absent from the current technical landscape, underscoring the fragility of the asset's price structure. Powerful Resistance Levels None have been explicitly defined, indicating a market with room for the bears to dominate until new strength appears. Game Plan for Traders These levels are your map. If the bulls can’t reclaim $0.15486, expect it to flip and act as a ceiling, creating more downside pressure. Similarly, any failure to establish solid support at new lows will extend bearish control. Keep it tight with stop-losses, and don’t chase – wait for confirmation before jumping in. Trading Strategies Based on Fibonacci Rays Understanding the dynamics of price interaction with Fibonacci Rays allows traders to identify key zones for potential reversals or continuations. Below are two scenarios—optimistic and pessimistic—designed to provide a flexible framework for your trades, all based on precise levels from the technical data. The interaction with rays, combined with Moving Averages, defines the boundaries of potential moves, ensuring dynamic support and resistance levels are considered. Concept of Rays: How They Work Fibonacci Rays are mathematically significant and reflect natural proportions in market movements. Constructed from the beginning of a movement pattern, they provide: Dynamic levels that adapt as the market evolves. Channels for identifying movement boundaries. Clear signals for taking positions after interaction and the emergence of momentum. Each movement from one ray to the next serves as a trade target, providing structured, actionable insights. Optimistic Scenario: Bullish Playbook If AVAAI bounces off lower Fibonacci Rays and bullish momentum builds, watch for a push toward higher levels: First Target : $0.15486 – Price interaction here, combined with a break above the MA50 at $0.15548, will confirm upward movement. Entry should be considered after a confirmed interaction with these levels. Second Target : $0.30293 – A sustained move beyond the first target could lead to this level. Strong volume and continued interaction with ascending rays are necessary for confirmation. Third Target : $0.33852 – This represents a full recovery toward previous highs and will require confluence with higher ray zones and potential dynamic factors like MA100 at $0.17884. Pessimistic Scenario: Bearish Playbook If AVAAI fails to hold at key supports and interacts with descending Fibonacci Rays, prepare for downward movement: First Target : $0.11075 – A test of the absolute low. Positions can be taken after interaction with rays confirms further bearish movement. Second Target : Below $0.11075 – If the market breaks through this critical support, expect acceleration toward uncharted bearish territory. This may align with descending ray boundaries. Dynamic Resistance : Look for the price to reject MA50 or MA100 on the way down, reinforcing bearish momentum. Proposed Trades Based on Ray Interaction Bullish Breakout Trade : Enter long after interaction with ascending rays, targeting $0.15486 and then $0.30293 if confirmed by moving averages. Bearish Breakdown Trade : Short below $0.11075 with first targets at lower ray intersections. Maintain a tight stop-loss to manage risk. Momentum Continuation : Ride trends between Fibonacci Rays, with each new level serving as the next target. Final Note The key to trading Fibonacci Rays lies in patience and discipline. Wait for price interaction with the rays and moving averages before committing to a position. From there, let the natural flow of the market guide your targets from ray to ray. Always manage risk and keep your stops in place to navigate volatile movements effectively. Let’s Connect and Build Success Together! Trading is all about growth, learning, and sharing ideas, and I’d love to hear your thoughts! If you have questions about this analysis or want to dive deeper into specific assets, drop your comments below—I’ll make sure to respond and help out. Your engagement is what makes this journey exciting! If you found value in this idea, don’t forget to Boost and save it to revisit later. Watching price action evolve along these rays will sharpen your trading instincts and help you understand how critical zones guide market movement. Trust me, that’s a game-changer for any trader. My indicator, which automatically maps all these rays and levels, is available in Private. If you’re interested in using it, feel free to reach out to me via private messages—I’d be happy to share more details. Have a specific asset you’d like analyzed? Let me know in the comments! I can prepare free posts for the community or work with you privately if discretion is your priority. Remember, these rays work across all markets, and I can create custom layouts for any asset you’re interested in. Lastly, if you like my approach, make sure to follow me here on TradingView! This is where I post my ideas, share strategies, and help traders like you navigate the market with confidence. Thanks for your support—together, we’ll keep growing and winning!
BYBIT:AVAAIUSDT.P
by brandlabelden
2
Interpretation of support and resistance points and Fib ratios Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- There was a change in the chart while I was writing the idea. Therefore, please refer to the chart attached below. ------------------------------------------------- (TRUMPUSDT.P 1D chart) Since the chart was created not long ago, it is practically impossible to analyze it. However, I will take the time to explain it as an extension of the explanation of Fibonacci ratios. - (1D chart) You can check the retracement ratio using the Fibonacci retracement tool on the 1D chart. (30m chart) You can check the Fibonacci ratio on the 30m chart and analyze the chart. However, I think the Fibonacci ratio is a chart tool for chart analysis, so in order to trade, you need to draw support and resistance points by the arrangement of candles. As I mentioned earlier, since the chart is created not long ago, you can select support and resistance points on the 1M, 1W, and 1D charts, so even if you draw support and resistance lines, their role is likely to be weak. Therefore, I think it is better to trade these coins (tokens) in short-term transactions such as scalping or day trading. If the trading period is long, the psychological burden is likely to increase, which can lead to incorrect trading. - The HA-MS indicator was activated to indicate support and resistance points. If you activate the Fibonacci ratio drawn on the 1D chart, it is as follows. You can see that the maximum range we can trade is 28.0-70.654. If we go outside this range, a new wave will be created, so new support and resistance points are needed. At this time, a chart tool that can help interpret the chart is the Trend-Based Fib Extension. - Since the HA-Low indicator was formed at the 40.245 point, we can see that the low point has been formed. Therefore, if it shows support near the HA-Low indicator, it is a time to buy (LONG). Since it has currently fallen below the HA-Low indicator, it is highly likely that it will update the latest low, so it was possible to enter a sell (SHORT) position when it fell from the HA-Low indicator. As the price falls, I think it is better not to make a new transaction until the HA-Low indicator is newly created or the existing HA-Low indicator rises and shows support. If it is supported by the HA-Low indicator and rises, - 46.618 - 63.882-70654 You should check for support in the above section. If it is not supported, it is a time to sell in parts. In my chart, the MS-Signal indicator is an important indicator in terms of trend. Therefore, in order to turn into an uptrend, the price must be maintained above the MS-Signal indicator. - (12h chart) The current chart is so new that it is virtually impossible to see the trend. If you want to draw with the Trend-Based Fib Extension tool, the largest time frame chart you can draw is the 12h chart. The point where the finger points is the selection point. (30m chart) The chart above is drawn with the Trend-Based Fib Extension tool. The circles marked on the far right correspond to important support and resistance zones. When interpreting Fibonacci ratios, the 0, 0.5, 0.618, and 1 ratios can be interpreted as key ratios. Therefore, if it falls below 1, it may fall to around 1.618 (2.198), so caution is required when trading. The 0.618 (35.663) ~ 0.5 (39.612) section can be interpreted as an important support and resistance section. Since the HA-Low indicator is formed within this section, it can be interpreted that the role of support and resistance is emphasized. Even if the Fibonacci ratio is drawn in this way, it can be helpful in setting the timing of trading only when it is interpreted in accordance with the support and resistance points drawn on the 1M, 1W, and 1D charts. Otherwise, it is likely that your subjective thoughts will be included and the transaction will proceed in the wrong direction. - The support and resistance points must be drawn by looking at the arrangement of candles on the 1M, 1W, and 1D charts to be activated as support and resistance points. The support and resistance points drawn on the time frame chart below may have a weak role, so caution is required when trading. In that sense, I hope you understand the content of this idea as how to comprehensively interpret the Fibonacci ratio and support and resistance points. - Thank you for reading to the end. I hope you have a successful trade. --------------------------------------------------
by readCrypto
GOLD → Ahead of ATH. How can price react to resistance?FX:XAUUSD is updating its highs and is gradually approaching ATH. Before the last spurt consolidation or correction may be formed, but chances of reaching ATH are quite high. Gold price continues its bull run amid uncertainty in Trump's trade policy and expectation of PMI data in the US. Market participants are seeking protection in gold due to global growth fears related to trade conflicts and rate policy. The hawkish stance of the Bank of Japan and dollar weakness also support the metal. However, a pullback is possible on Friday due to profit taking ahead of US GDP data and the Fed decision. Technically, there is a strong resistance zone at 2790 - istric high ahead. A false break of the resistance may trigger a profit-taking and subsequent correction. Resistance levels: 2790 Support levels: 2770, 2762, 2750 Before reaching the ATH, the price may form a retest of the support at 2762. But, the main focus is on the historical maximum. The chance of reaching the target is very high, but watch the price reaction to the resistance. False breakdown may provoke a deep correction. Regards R. Linda!
FX:XAUUSDLong
by RLinda
18
GBPJPY → The CBJ has raised rates. What's in store for the pair?FX:GBPJPY experienced an attempt to break through resistance and rise, but failed to realize the intention as traders do not believe in bullish movement due to the actions of the Central Bank of Japan The Central Bank of Japan raised the rate by 0.25% to the highest since 2008. The bank sees accelerating inflation, a slowing economy and is likely to raise the rate further if inflation continues to rise. Fundamentally, the situation may trigger a fall in the currency pair, but it may be restrained due to the Pound's strength against the Dollar. Nevertheless, I assess the situation regarding a false break of resistance from the technical part, and from the fundamental part from the Japanese action, as they are targeting the medium term. Resistance levels: 193.00 Support levels: 192.00, 190.55 Another attempt to retest resistance before a further drop is possible. Traders are starting to build up longs on the Yen, which may lead to a bearish correction of the currency pair. Regards R. Linda!
Short
by RLinda
16
DOT/USDT 4H Interval ChartHello everyone, let's look at the 4H DOT to USDT chart, in this situation we can see how the price is bouncing off the local downtrend line, only when it breaks out of it upwards will it be able to move towards the next two trend lines. Let's start by defining the targets for the near future that the price has to face: T1 = 6.67 USD T2 = 7.05 USD Т3 = 7.32 USD Т4 = 7.65 USD Now let's move on to the stop-loss in case the market continues to fall: SL1 = 6.22 USD SL2 = 5.99 USD SL3 = 5.56 USD Considering the STOCH indicator we can see how we are again going below the lower boundary, which could potentially indicate an upcoming attempt to change the price direction.
Long
by cryptodailyuk