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Fibonacci Retracement

NZDJPY → Attempting to change the downtrendFX:NZDJPY is trying to get out of the downtrend by breaking the channel resistance. Against the background of local strengthening of the dollar, the currency pair has all chances. Technically, buyers are starting to gain momentum and support the market, it can be seen on the background of locally growing minmiums, which gradually leads to the breakout of the channel resistance. The trigger in our case is the resistance 85.240 - a key level that divides the market into 2 planes. If the bulls are able to consolidate above 85.240, an impulse to 86.13, then 86.88 may be formed in the short-term. Support levels: 84.500, 84.00 Resistance levels: 85.240, 86.13 Initial testing of the trigger may end in a small pullback due to liquidity formed above. The pullback may be directed towards the previously broken channel resistance. But the emphasis is on price consolidation above 85.240, as this will be a prerequisite that the bulls are holding the market in the moment and are ready to keep going up. Regards R. Linda!
Long
by RLinda
3
EURAUD → False breakout & Pin-Bar on W1FX:EURAUD is testing important resistance from the weekly timeframe. A false breakout is formed after liquidity capture. There is no potential for continuation of growth and the chart is drawing everyone's favorite “pin-bar” After the price exits the consolidation, the resistance of which was the level of 1.6787, a distributive pattern is formed, the target of which was the liquidity behind the weekly resistance of 1.7196. The target has been reached and the price is consolidating below the base of the reversal structure and thus preparing to continue falling. It is possible formation of liquidation or downward impulse to 1.71 - 1.70. The forex market has been behaving calmly since the opening of the week and the market can work out technical nuances calmly, until the fundamental factors are connected. Resistance levels: 1.7196 - 1.7304 Support levels: 1.7107, 1.7016 Zones of interest are located behind the local lows, but from a technical point of view, the market is most interested in liquidity beyond 1.6787 and there are all chances to reach this zone, as there are no obstacles below 1.7016. Accordingly, when the support at 1.7016 is broken, a free zone will open up Regards R. Linda!
Short
by RLinda
1
XRP/USDT 4h chart review Hello everyone, let's look at the 4H XRP chart to USDT, in this situation we can see how the price moves over the upward trend line, or rather on the upward trend line and fights to stay above the line. However, let's start by defining goals for the near future the price must face: T1 = $ 2.41 T2 = $ 2.49 Т3 = 2.56 $. T4 = $ 2.63 Let's go to Stop-Loss now in case of further declines on the market: SL1 = 2.30 $ SL2 = $ 2.25 SL3 = $ 2.22 SL4 = $ 2.17 Looking at the RSI indicator, you can see how it stays in the upper part of the range, however, you can see how there was a place for potentially re -growth.
by cryptodailyuk
Bitcoin’s Battlefield: Support, Resistance and Trade SetupsBitcoin’s price has been showing signs of a sustained downtrend after forming a double top pattern. The recent action, combined with low volume and failure to breach key resistance zones, points to a likely retest of lower levels. Over the weekend, the price couldn’t break past the 85K resistance, and the low trading volume around this level suggests that buyer interest is waning. 6H TF Chart: Big Picture vs. Short-Term Action On a higher timeframe (6H), my indicator neatly outlines the bear market of 2022 and the bull market that started in early 2023—when the “cloud” turned green, signaling a shift in momentum. The cloud's lower boundary is currently at $73,364, which is key. Imo, holding above 70K is critical for keeping that bullish vibe alive. 1H TF Chart: Switching over to the 1H chart, the picture shows a bearish structure. The upper resistance around 95K (which aligns with the yearly open near $93,455.85) is proving a solid resistance. The anchored VWAP from the all-time high also sits right at this level, adding more weight to the resistance. Bulls need to clear this yearly open to signal a true recovery. Key Levels & Confluence Zones 1.) Upper Resistance – 93K to 95K: The 95K zone aligns closely with the yearly open ($93,455.85) and the anchored VWAP from the all-time high, both acting as resistance. Daily moving averages (62 EMA at ~$91,316 and 62 SMA at ~$94,900) provide further confluence. Additional resistance between 85K-86K. 2.) Critical Support – 73K to 70K Zone: The lower edge of the cloud on the 6H timeframe sits around 73K. The 0.382 Fibonacci retracement (from the low at $15,473.78 to the all-time high at $109,354) is at $73,492, while the 0.618 retracement (from $49,217 to the all-time high) is around $72,205. Moving Averages on Weekly Chart: The weekly 62 EMA ($72,919) and 62 SMA ($71,590) align well with this support region. Additional Support: A bullish monthly order block at $71,320 adds another layer of confluence. Psychological Importance: A hold above 70K is critical to maintaining bullish momentum. 3.) Monthly Open – $83,385.74: This level serves as a pivot: price is currently hovering below it. A reclaim by bulls would be a positive sign for higher price action, while a rejection reinforces the bearish setup. Trade Setups Long Trade Setup: Entry: Consider laddering in between 75K and 70K as the price retests support. Take Profit: Aim for the monthly open (~84K) initially, and if support holds and flips, a move toward 90K could be considered. Stop Loss: Set below 70K to protect against a further downturn. Short Trade Setup: Entry: A short setup can start at the monthly open, using a laddering approach between 84K and about 86.9K. Take Profit: Target the previous low or 74K. Stop Loss: Place just above 87K to keep risk in check. Thank you for taking the time to read through this technical analysis. I hope it provides valuable insights for your trading decisions. Happy trading!
INDEX:BTCUSDShort
by SiDec
9
Will Solana experience a major correction again?Hello everyone, let's look at the 1D SOL to USD chart, in this situation we can see how the price is moving in the formed downward channel, where the price is currently recovering again. Let's start by defining the targets for the near future that the price has to face: T1 = 133 USD T2 = 145 USD Т3 = 155 USD Т4 = 167 USD Now let's move on to the stop-loss in case the market continues to fall: SL1 = 121 USD SL2 = 111 USD SL3 = 103 USD SL4 = 95 USD If we look at the RSI indicator, we can see how the movement is constantly moving in the lower part of the range, where we have another downward bounce, and here we can see how we are approaching a test of the local uptrend that is close to breaking.
COINBASE:SOLUSD
by cryptodailyuk
1
BITCOIN → Short-squeeze 86-89K before falling further to 75KBINANCE:BTCUSD continues to form a downtrend after breaking the bullish structure on the weekly timeframe. There is no bullish driver yet, and technically, the price is heading to the global imbalance zone of 75-73K The past crypto summit and any other talk of cryptovalt support cannot support the market. Such events end with further market decline. Technically, the market continues to form a downtrend (global counter-trend), based on this alone, we can say that the price is now going against the crowd and this is generally logical behavior. Globally, the zone of interest is located in the following zones - 75K, 73K and order block 69-66K Locally, I would emphasize the nearest liquidity zones, located at the top, which can be tested before the further fall: 86697, 89.397 Resistance levels: 85135, 86678, 89397 Support levels: 79987, 78173, 73512 After the false break of 78K support there is no strong reaction, the market is forming a struggle for 84-85K zone, which generally indicates buying weakness. Before the further fall there may be a short-squeeze relative to the above mentioned zones of liquidity, which may lead to a further fall Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
33
$TRUMP ─ @realDonaldTrump Long Trade SETUP$TRUMP ─ @realDonaldTrump Long Trade SETUP 👀 Looking for another long trade entry. ⚠️If the Twin OB fails, then a new low is on the table. ENTRY = TwinOB + FibFan + nPOC + Fib Golden Pocket + WO + DO SL = below VAL + TwinOB ------------ ------------ As always, my play is: ✅ 50% out at TP1 ✅ Move SL to entry ✅ Pre-set the rest of the position across remaining TPs It's important to take profits along the way and not turn a winning trade into a losing trade.
Long
by Bulltro
SOL Trading Plan: Stacking Entries Like a ProSolana (SOL) has been in a slow uptrend over the past five days, after hitting the low at $112. The current price action looks like an ABC corrective pattern, which could mean we’re setting up for lower prices. To get the best trade execution, we'll use a laddered entry approach, meaning we’ll scale into positions gradually instead of going all in at once. This helps us get a better average entry price while managing risk effectively. By placing orders at key levels, we increase our chances of catching the right move without overcommitting too early. Resistance Zone ($136 - $143.80) A major resistance zone has formed between $136 - $143.80, where price is likely to struggle. This area contains multiple technical confluences that suggest a potential reversal or strong reaction: $136 – 0.618 Fibonacci Retracement $140.09 – 1:1 Trend-Based Fibonacci Extension $141.40 – Anchored VWAP from the $179.85 swing high $143.80 – Point of Control (POC) from the 19-day Fixed Range Volume Profile This makes $136 - $143.80 a prime area to consider short positions, especially if price starts showing weakness. Support Zone ($102.1 - $98.50) On the downside, a major demand zone is forming between $102.1 - $98.50, where buyers are likely to step in aggressively. This zone has multiple technical confluences, making it a high-probability long entry area: $102.1 – 2024 Yearly Open & Monthly Support $100 – Bullish Monthly Order Block & Anchored VWAP Support $98.50 – Final key demand zone This zone presents a solid long opportunity, allowing for gradual scaling into positions as price moves deeper into support. Short Trade Setup – Laddered Entry Approach Instead of entering all at once, we’ll ladder into the short position gradually, starting small and increasing size as price moves deeper into resistance. Short Entry Levels & Position Sizing Trade Details Average Entry Price: $140.12 Take Profit Target: slightly above $102.10 (Monthly Level) Stop Loss: slightly above $146.70 (Above POC) Risk-Reward Ratio (R:R): ~6:1 Long Trade Setup – Laddered Entry Approach For the long setup, we start with small entries at higher prices and increase size as price moves deeper into support, ensuring a better average entry in a key demand zone. Long Entry Levels & Position Sizing Trade Details Average Entry Price: $102.72 Take Profit Target: slightly below $120.00 Stop Loss: slightly below $95.00 Risk-Reward Ratio (R:R): ~2.45:1 Market Outlook Short Bias: Until price reclaims $143.80, this remains a strong resistance zone for potential short trades. Short Setup: Laddering into resistance ensures better risk management and higher average entry efficiency. Long Setup: Starting small at $112 and increasing position size down to $98.50 ensures strong positioning in a high-confluence demand zone. By scaling into trades rather than committing at a single price, we increase flexibility, improve trade execution, and adapt better to price movements. 🚀 Weekly Timeframe - 200 EMA Support $100 coincides with the 200 EMA on the weekly timeframe, adding confluence to this area as strong support. If Solana decisively breaks above $144, it would invalidate the short thesis and suggest a potential move higher toward $150. Conversely, a strong rejection from the resistance zone would likely accelerate the move toward $112 to test demand at swing low.
Short
by SiDec
14
DEGOUSDT → An attempt to change the trend will end in a fallBINANCE:DEGOUSDT.P tried to break the trend, but faced strong resistance and a weak cryptocurrency market. The fall may continue... After breaking through the resistance of the descending channel, a bullish momentum (distribution) of 45% is formed, but the price bumps into a strong resistance of 2.11 - 2.18, which forms a trading range. Bears are not ready to give this zone to buyers and put pressure, a false breakout of resistance is formed after a long struggle for this zone and liquidation is formed when the base of 2.0 is broken. Buyers are in the panic zone. If the price fixes below 2.11 - 2.18, the fall in the short or medium term may continue. Resistance levels: 2.00, 2.18, 2.274 Support levels: 1.75, 1.584, 1.359 The market is generally weak and altcoins are reacting aggressively to local bitcoin movements (the point of which is to gather liquidity before a further fall). BTC has not yet reached a key target, which together with the lack of a bullish driver in the market creates pressure for altcoins. Regards R. Linda!
Short
by RLinda
2
GOLD → Distribution phase. One step away from $3000. Up!FX:XAUUSD breaks upward and reaches the intermediate target. After strong growth there is no pullback at all. A consolidation is forming which shows us strong levels. Gold updates ATH to +2990, preparing to overcome $3,000. Growth is being fueled by Trump's trade war and expectations of a Fed rate cut. Investors are cautious ahead of the Fed meeting. A stronger dollar and hopes for a US-Canada trade truce may temporarily cause a correction, but it is not the strongest factor. However, recession risks and escalation of trade and geopolitical conflicts may increase demand for protective assets, supporting the growth of gold prices Technically, the price is in consolidation, relative to which there may be a breakthrough of resistance and further growth. Or a local false breakout, correction to support at 2980 and continuation of growth after support retest Resistance levels: 2993, 3000, 3008 Support levels: 2981, 2956 Thus, if the bulls are able to consolidate above 2993, the price may continue its aggressive growth. BUT! There is a possibility of correction to the risk (liquidity) zone 2981 - 2977 before gold resumes its growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
12
GOLD → Testing ATH. High chance of a breakout 2954FX:XAUUSD in the distribution phase of the previously formed consolidation. The price is testing ATH and the market has all chances for a breakout and further update of the high. We are close to 3K Gold price continues to rise, approaching a record high of $2,956, amid fears of a global trade war. Lower US inflation has weakened the dollar and bond yields, boosting demand for gold. Markets now await PPI data, but escalating trade conflict remains key. Technically, gold is testing global range resistance a month after last touching it. I don't like to trade primary breakouts in such a case and the ideal scenario would be to wait for a small consolidation near the level or a correction to 2945 - 2935 before the metal starts to tetse 2954.5 for a breakout Resistance levels: 2954.5 Support levels: 2945, 2935, 2930 As a first move I expect a pullback after resistance test. A retest of 2954.5 (retest) will mean that buyers are ready to break the resistance and go higher. BUT, we have important news today. Gold could break the level without a pullback. A close above 2954.5 will trigger a rally. Regards R. Linda!
FX:XAUUSDLong
by RLinda
18
BTCUSDT Market Analysis UpdateBINANCE:BTCUSDT Hi everyone, I hope you are doing well and I have put my opinion in Bitcoin price on the chart for you. and hope this helps you! Simple, concise, useful Bitcoin (BTCUSDT) has broken below a key trendline, and we are now seeing a potential retracement towards a demand zone around $66,771.5, which could act as a strong support level. Breakdown & Retest: BTC has fallen below a significant trendline, confirming a bearish move. A possible retest of this zone before further decline is likely. Long Entry Consideration: If price stabilizes and shows bullish confirmation at the highlighted demand zone, it could provide a strong long opportunity. Bearish Scenario: A clean breakdown of this level could signal further downside potential, requiring caution before entering long positions. RSI Oversold? The RSI is showing a potential reversal area, but confirmation is key before making any trades. 📉 Waiting for confirmation before entering! Let me know your thoughts in the comments! Best regards
by SteaIth
relief pumpSeems like election bull was already priced in, new money got washed. Bonds are making a comeback, cash is a position. Expecting more downturn after a relief pump, coinciding with yields retracement. Yields trending with equity price are usually signs of either economical expansion or economical fears, such as slowdown or recession, during up and downs. The markets just jumped from one narrative to the other: expansion(trump gets in office) ---> slowdown(tariffs imposed) I think the expansion narrative will take a while to settle back(end of Q2 at least) after all the executive orders signed. Although, I'm still long for the month of March, nice opportunity for a relief pump, before resuming of slowdown narrative.
TVC:US10YLong
by Osmanomics
GOLD → Retest of 2926 before a possible breakout. CPI aheadGold is rising after long-squeeze and consolidating at the top of the 2926 - 2893 range, which is generally a hint that the market is getting ready to break resistance. But it all depends on CPI Traders awaiting US CPI data. The dollar is partially recovering before the news, which is holding back gold, which continues to consolidate in front of 2921, but weak inflation data may push prices up again. New trade measures as part of Trump's tariff war and geopolitical tensions are having an additional impact. The negative part for the markets presents the lack of a clear position of the leaders of the countries and constantly changing opinions: then they specify tariffs, then cancel them. Inadequate swings in the markets. Resistance levels: 2920, 2926 Support levels: 2910, 2905, 2893 Emphasis on 2926, breakdown of this level will trigger a bullish rally. Now the price is trying to get out of the local consolidation to test 2926, from which a small correction is possible before another breakout. The focus on CPI, weak data may support further price growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
13
QUICKUSDT → Pending a false breakout of resistanceBINANCE:QUICKUSDT is forming counter-trend movement to the resistance of the range - 0.02957. A false breakdown of the key level is formed against the background of the downtrend The cryptocurrency market is experiencing bad times. While bitcoin is testing new lows - 76K, altcoins are cutting through to find another bottom. QUICK stands out in this picture, testing a strong resistance (liquidity) zone 0.02845 - 0.02957 and forming a false breakout. BUT! in the morning session bitcoin strengthens after a strong fall and can pull the whole market up with it. Thus, before the further fall another attempt to retest 0.02953 or update the tail of the false breakout at 0.03000 (0.7fibo) is possible. Resistance levels: 0.0285, 0.02953, 0.0300. Support levels: 0.0243, 0.02118 If the next resistance retest ends in a false breakdown and price consolidation under 0.02957, QUICK coin may continue its decline in the short and medium term. Regards R. Linda!
Short
by RLinda
1
PEAQ down 87% – Is it Time to Buy the Dip?PEAQ has been in a brutal downtrend, dropping 87% within 92 days and printing 9 straight weekly red candles, with the 10th currently red as it trades below the weekly open. Now, price is attempting to stabilise around the key $0.10 level, hinting at a potential high-probability long trade setup. Key Levels to Watch: Support: $0.10 (Price has been trying to hold this level for two days.) Resistance: $0.11 (A reclaim of this level increases the probability of a move higher.) Major Resistance: $0.1260 – $0.1280 (Weekly open + bearish order block.) Technical Confluences Supporting the Trade: The Fib retracement from $0.1337 to $0.0989 shows that the 0.786 Fib level ($0.1263) aligns with the bearish order block from the previous trading range. The weekly open at $0.128 strengthens the take-profit zone, making it a logical exit point. Price has failed to break below $0.10, signaling a possible accumulation phase. Long Trade Setup Entry: Around $0.10 Stop Loss: Below $0.0989 (Tight SL for minimal risk) Take Profit Target: $0.1260 (Right before key resistance) Risk-to-Reward (R:R): 17:1 🚀 (Risking only 1.5% to potentially gain 25%) Additional Play: If price reclaims $0.11 with strong volume, look for order flow confirmation to add to the position. The move towards $0.12+ could be quick, as there's little resistance in between. This setup offers a strong risk-reward ratio, making it an attractive trade with minimal downside and high upside potential. Watch for bullish momentum above $0.11, as that could confirm a stronger push to the weekly open at $0.128.
Long
by SiDec
4
ETH/USD 1D Chart ReviewHey everyone, let's look at the 1D ETH to USD chart, in this situation we can see how the price has reverted back to the long-standing uptrend, and here we can see a significant decline below the uptrend line. In the event that the trend reverses and growth begins again, it is worth setting targets for the near future that the price must face: T1 = 2246 USD T2 = 2533 USD Т3 = 2785 USD Т4 = 3010 USD Т5 = 3365 USD However, here we can see how the current decline has been maintained by the support zone from $ 1904 to $ 1686, however, if the zone is broken further, we can see a decline to the level of $ 1338, and then again we can have the price go down to the area of ​​$ 921 The RSI indicator shows a continuing downward trend, and here we can see a decline to the lower part of the range, but there is still room for the price to go lower to the lower limit.
INDEX:ETHUSD
by cryptodailyuk
Hedera Goes From April Highs, To ATH, To Elliot Wave Theory? Lets break down what COINBASE:HBARUSD may be setting up for a long-term scenario! We saw a impressive Bullish Rally from beginning of November 2024 that facilitated a Breakout of the April 2024 High @ .1842 to then create its All Time High @ .4010. With this Price Action going from a Significant Low to create a new Higher High, we can apply the Elliot Wave Theory which is first supported by seeing some sort of Fibonacci Retracement from the Low to New High and we see that February of 2025 delivered a Fibonacci Retracement to the Golden Ratio Zone twice to now be showing support from Bulls pushing price higher! Technically, with Wave 1 having been corrected successfully by Wave 2, both being completed, we now can expect price to give us another extension starting Wave 3, giving us a Break of the ATH created by Wave 1, to then confirm our directional bias and validate the Elliot Wave Theory. Based on the Fibonacci Extension, we can project a potential "Roadmap" price may follow while outlining the rest of the Impulse and Corrective Waves where we see Price ultimately ending Wave 5 at the Potential Range Target of ( .7571 - .89441 ) Rules: - The 2nd Wave cannot retrace the 1st Wave more than 100% - The 3rd Wave can never be the shortest of the Impulse Waves ( 1,3,5 ) - The 4th Wave cannot retrace the 3rd Wave more than 100%
COINBASE:HBARUSDLong
by Novi_Fibonacci
4