Get started

Fibretracement

Will SHIB break out of the downtrend?Hi Let's look at the situation on SHIB to BTC. As you can see the latest flag formation and retest ended with an increase in price and we are currently struggling with resistance at 0.00002324USDT. When we manage to break it, the next stop should be at the price of 0.00002498USDT. On the other hand, the support moved to the area of 0.00002718USDT and 0.00002268USDT. We can also observe the point of touching the downtrend line, breaking it can give potential further increases.
by cryptodailyuk
1
EURCAD Bearish Divergence, yet Longing Chances Too 07/02/2021 this instrument has got two scenarios seem bearish to our eye as it has done its Distribution after showing some Regular Bearish Divergence with MACD which is the sign of trend reversal and a retracement unto the Fibonacci Golden areas but it is conditioned to break the blue trend line and if so the we can have our 2 bearish TPs... if not then we have the Bullish scenario which we can target Minimum of 1.71 CAD of our Fibonacci expansion .27% where we have specified it as Long TP. Remember it is on the Weekly time frame so we may need to be more focused on fundamental of the market to get the grip of our Final decision and use the technical chart as a confluences along with it... we are having mostly Bearish sentiment on this but we kept the Bullish back door open yet which side do you think it goes?
by BitonGroup
4
$GTC/USDT 4h (Binance Futures) Falling broadening wedge breakoutGitcoin bounced several times on 200MA support and seems ready for recovery now, let's enter on the retest. Current Price= 12.501 Buy Entry= 12.150 - 11.114 Take Profit= 14.921 | 18.030 | 22.997 Stop Loss= 9.433 Risk/Reward= 1:1.5 | 1:2.91 | 1:5.17 Expected Profit= +28.28% | +55.00% | +97.70% Possible Loss= -18.90% Fib. Retracement= 0.382 | 0.559 | 0.786 Margin Leverage= 1x Estimated Gain-time= 3 weeks Website: gitcoin.co
Long
by TradingOn
$STMX/USDT 1D (Binance Futures) Symmetrical triangle breakoutStorm X reversed and double broke-out bullish, continuation is in play but we believe a last retest of TL & 50MA is likely first. Current Price= 0.02420 Buy Entry = 0.02103 - 0.01848 Take Profit= 0.02863 | 0.03749 | 0.05297 Stop Loss= 0.01533 Risk/Reward= 1:2 | 1:4 | 1:7.5 Expected Profit= +44.89% | +89.73% | +168.07% Possible Loss= -22.42% Fib. Retracement= 0.618 | 0.786 | 1 Margin Leverage= 1x Estimated Gain-time= 2 months
Long
by TradingOn
EURAUD Trade PlanOANDA:EURAUD Bearish Indications 1- Bearish engulfer 2- Rejection from resistance at 1.59415, which is also previous neckline support for Head & Shoulder 3- channel trendline resistance 4- 0.5 Fib level retracement for a bearish trend started from Aug, 21 4- bearish divergence However there are few but strong Bullish Indications 1- HH & HL on 4H timeframe 2- strong bullish momentum on RSI So, I am short biased for smaller timeframe. It may continue back bullish trend after testing 0.236 Fib level. But I have given two trade plans for the either side, mentioned on chart. Please support with comment and like. Thanks and Good luck
Short
by yousufrz
EURUSD Trade Plan for LongOANDA:EURUSD Bullish indications 1- HH & HL 2- Bullish Engulfer 3- Bounced from weekly support at 1.11934 4- Retracement from 0.5 Fib level 5- ABCD pattern is in formation Plan A below is given for long. Plan A Buy at 1.12929 Stop loss 1.12547 Target1 1.13677 Target 2 1.14252 But for plan B, wait for confirmation of continuation of downward trend Please comment below for any suggestion, follow and support the idea if you like it. Thanks and good luck for trade
Long
by yousufrz
$ANKR/USDT 4h (Binance Futures) Symmetrical triangle on supportAnkr Network is holding above 100EMA and looks ready for another bullish move. ANKR is a DeFi / BSC / BC / DotEco token, more information on www.ankr.com Current Price= 0.13156 Buy Entry = 0.12915 - 0.12267 Take Profit= 0.14701 | 0.17053 | 0.19442 Stop Loss= 0.11178 Risk/Reward= 1:1.5 | 1:3.16 | 1:4.85 Expected Profit= +33.54% | +70.90% | +108.84% Possible Loss= -22.44% Fib. Retracement= 0.618 | 0.883 | 1.117 Margin Leverage= 2x Estimated Gain-time= 2 weeks Contracts: #ERC20 0x8290333cef9e6d528dd5618fb97a76f268f3edd4 #BEP20 0xf307910a4c7bbc79691fd374889b36d8531b08e3 #BEP2 ANKR-E97
Long
by TradingOn
2
$XTZ/USDT 4h (Binance Futures) Descending channel breakoutTezos regained 100EMA and this time it seems ready to resume the up-trend for good! Working with a PoS consensus algorithm, this is one of the fastest growing ecosystem for NFT, DeFi / BSC and Gaming, more info on tezos.com Current Price= 6.722 Buy Entry = 6.685 - 6.453 Take Profit= 7.499 | 8.609 | 9.725 Stop Loss= 5.947 Risk/Reward= 1:1.5 | 1:3.28 | 1:5.07 Expected Profit= +28.32% | +62.10% | +96.08% Possible Loss= -18.94% Fib. Retracement= 0.618 | 0.883 | 1.117 Margin Leverage= 2x Estimated Gain-time= 3 weeks
Long
by TradingOn
1
$RVN/USDT 2D (Binance Futures) Big bull pennant on supportRavencoin revisited 50MA support and so far strong bullish reaction, let's step in. More information about that PoW (Proof Of Work) coin / P2P (Peer To Peer) network on ravencoin.org Current Price= 0.10890 Buy Entry = 0.10872 - 0.10132 Take Profit= 0.13573 | 0.16358 | 0.19291 Stop Loss= 0.08743 Risk/Reward= 1:1.75 | 1:3.33 | 1:5 Expected Profit= +29.24% | +55.76% | +83.69% Possible Loss= -16.75% Fib. Retracement= 0.618 | 0.883 | 1.117 Margin Leverage= 1x Estimated Gain-time= 3 months
Long
by TradingOn
$NKN/USDT 12h (Binance Futures) Falling wedge break and retestNew Kind of Network successfully retested both 50MA & 200MA support and is looking good for bullish continuation! More information about that IoT (Internet Of Things) blockchain on nkn.org Current Price= 0.36868 Buy Entry = 0.35361 - 0.32951 Take Profit= 0.42385 | 0.51873 | 0.61993 Stop Loss= 0.28652 Risk/Reward= 1:1.5 | 1:3.22| 1:5.06 Expected Profit= +24.09% | +51.87% | +81.50% Possible Loss= -16.11% Fib. Retracement= 0.618 | 0.883 | 1.117 Margin Leverage= 1x Estimated Gain-time= 2 months
Long
by TradingOn