ONE (Retracement)ONE retesting support on fib 0.618, i don't think it's gonna hold. Deeper retracement towards 0.26 seems possible. Slightly above the 200 MA on the 8H timeframe.
ONE 8H
Retracement
ADA (Retest on 200MA)Going for a retest on 200ma. Great entry point for Long will be 1.329 which is slightly below the 200ma on the hourly. Idea is to catch the wicks. Bearish cross on the macd and rsi reaching oversold.
ADA 1H
NQ Power Range Report with FIB Ext - 1/19/2022 SessionCME_MINI:NQH2022
- PR High: 15248.50
- PR Low: 15192.50
Evening Stats (As of 12:00 AM)
- Gap: = N/A
- Session Open ATR: 336.40
- Volume: 61k
- Open Int: 234k
- Trend Grade: Neutral
- From ATH: -10.0% (Rounded)
Key Levels (Rounded - Think of these as a range)
- Long: 16677
- Mid: 15333
- Short: 14961
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
USDCADI Feel we have broken the trendline and changing the trend towards buy ! soon we will see a huge pump in eurcad by this week , use my stop loss
GBPJPY ShortsWe had a BOS to the downside so this will be out 1st retracement to this OB we are looking to enter a sell position from the refined OB and trade to the downside with a target at the Low of the range potentially targeting the un-mitigated price zones below this current range. NYC sentiment is bearish so we'll see how it plays out tomorrow.
AWC is "On Time" for a move upThis one to me looks great on multiple timeframes with technical's and price indicating evidence of bottoming with another move higher.
Short term conditions -
Long term conditions -
My stop is 1 ATR below the .618 level and target is 2.20which represents a very good risk to reward ratio of 1:5 at current levels.
BTC Golden Zone!!When looking at BTC on the Daily TF, we can see after its selloff, that it's currently in the golden zone based on the Fibonacci Retracement Tool. Data shows that this is typically a good area to anticipate a price reversal. It printed a green candle yesterday or in my case blue candle showing indecision and it's looking like it's preparing to move higher. BTC is currently at support so I think entering now, with a tight stop, would be a smart move. If we do end up falling below this support we can expect a drop to around 30k.
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
Love it or hate it, hit that thumbs up and share your thoughts!
This is not financial advice. This is for educational purposes only.
Buy DALBHARATDalmia Bharat Looks Good in Coming Days if breaks 1950-1970 range.
For Swing:
Risky Buy Above 1945 | Safe Buy above 1976 for Target of 2050, 2150 ++
SL: 1870
For Intraday:
Nice Price Action in Hourly Chart. Price retraced from 50% and about to break. If opens in range on 7/01/2021, one can go long in intraday above 1900 for target of 1920, 1940 with SL of 1880
$TMUS Daily RetracementLet's see if we get a .382 bounce or if they take it down to the .618 , in which case I'd be loading.
I'm Bullish and like the technicals on the longer time frame and have posted charts , however if you're day trading and/or like Fibonacci levels, beautiful price action here.
Let's see how they close the year!
GrasimGrasim is trading in a range & now its ready to break 50% retracement of this current range on th upside,
Buy above 1718 sloss 1694 tgt 1743 intraday.
$HERO Bullish Idea!KUCOIN:HEROUSDT is a premier metaverse project that has the potential to catch up to the leaders in this space.
IDEA:
$HERO put in an impressive 30-day run before having to take a refuel break and it looks like that break is just about done and $HERO wants to start running again.
Confluence:
1) Wave 4 pullback to the golden zone and a nice bounce off the 0.786 retracement.
2) MACD & RSI look primed
Entry:
1) Waiting for a cross above the 200-day moving average at $0.155 would be a safe play.
2) Riskier investors will want to enter now.
Target:
1) The midline of Andrew's pitchfork lays a nice target of $0.30 with Q2 being a solid timeline.
Would love to hear your thoughts on KUCOIN:HEROUSDT
Buy BTC It is The Right timeIt Has Been holding This can be a good Opportunity.I
If you are leveraged in TC please keep a conservative 23% stop. But if you are just Buying... forget about the stop and just buy... It will not be for ever
BBMA : MATIC still BULLISH.Here is my follow up on the Bearish MATIC analysis.
On this Daily Chart, there is momentum candlestick that break above the Daily Upper Band. The key is there is no Extreme Momentum shown during the break. (Which is the 5/10 High MA break the Upper Band. This tell us that the Bullish Momentum is still VALID.
You can Buy using Cost Averaging at MID BB and if the price goes down, Buy more around the 50 EMA Zone.
MATIC SHORT TO $2.19 (or) $1.97A quick analysis on MATIC using both wave theory, Fibonacci analysis :
Wave theory Analysis:
1) MATIC had a nice IMPULSE run-up from Jul 18th to Sep 4th going from $0.61 to $1.78 after a big correction from the previous high of $2.81 to $0.61
2) After a good impulse phase comes the CORRECTION phase, markets usually stay two-thirds of the time in a correction phase
3) Looks like the 2nd wave correction is a simple zig-zag correction touching the support at $1.01 on 25 Sep 2021
4) New impulse Wave 3 then started from $1.01 on 25 Sep 2021 and ended at $2.91 on Dec 26, 2021
5) Wave 3 are usually the longest in the 5 wave series and this seems to be a perfect extended W1
Fibonacci analysis :
1) Wave 2 retraced perfectly at 61.8% of Wave 1 to at $1.01 on 25 Sep 2021
2) Wave 3 extended perfectly at 161% of Wave 1 to $2.91 on Dec 26, 2021
3) Now its time for Wave 4 which I think might take support at 23%, 38% or 50% retracement
4) Right now the Fib 23% is being tested at $2.47, if it doesn't hold maybe next support at 38% $2.2 or at 50% at $1.97
5) Once the FIB 23, 38 & 50 are tested then it will be on its wave 5
Pattern Analysis:
1) In the short term it fits into a nice classic head and shoulders pattern
2) The second shoulder is being just completed
Summary :
-------------
1) Looks like the bears are still in control on Wave 4
2) The support line Fib 23% is being tested at $2.47, if it doesn't hold maybe next support at 38% $2.2 or at 50% at $1.97 should be tested
Happy New year and happy trading guys !!!!!
CHFJPY - In Trend Engulfing Long Setup 4HCHFJPY has formed a perfect in trend engulfing long setup on the 4 hour time frame.
The engulfing candle formed December 23rd at 8am (closed at 12pm noon) engulfed 3-5 previous candles.
A perfect rejection and wick through 61.8% retracement level confirms this long setup.
Entry is at the 61.8% retracement level.
SL is set 2 pips below the engulfing candle low.
TP is set at 3X the risk.
Very similar setup to EURJPY which confirms JPY weakness.
(BULLISH) 3 Point Retracement(BULLISH) 3 Point Retracement with Hidden Divergence and 0.382 fib confluence appearing on the hourly charts of Bitcoin
Entry: $49.500
Stops: $48.800
Break-Even: $50.400
Target: $52.900
Good luck to all trading BTCUSD!
SHIBA INU retracing before SHOOTING for previous high at 0.00088The token has cleared previous near equal highs at 0.00061313 before the bears took over so I expect the retracement to last until the range, 0.00055708 and 0.00050039 .
NANO's New Groove Hello people!
I like trading NANO and now it seems we are reaching an interesting stage.
I used fib retracement and fib speed fan to determine realistic trading ranges and time frames.
I believe that the range 7.7 5.3 is where it seems to be heading if the movement keeps the inertia.
The price can easily navigate waters under 5.3usdt for a long time eventually leading up to the price of 11.8usdt
Breaking 11.8 we are going to have another interesting moment in the price action, potentially meaning moon or drastic fall. Both represent potentially profitable opportunities.
However, I do not make any recommendations.
Thanks for coming on this journey.
Happy trading.
XAUUSD short I see a nice potential short position at the NYC opening tomorrow theres low volatility as its Christmas but a nice supply area will be our entry and it'll also be a 78.6% retracement on the previous drop into demmand. The short term POC is also below price around our TP. 1800 will be a tough level to break.
Bitcoin need retracement before 50K+Hello Traders!
Bitcoin is ready to give some retracement as it has broken the S/R level but it never tested back so it will come back after exhaustion.
According to my theory, the market never abandons any S/R level and the Market leaves its print on every S/R level. In this case, 46579 S/R level is still unused and the market will come back to leave its print above this level.
The market always forms multiple patterns before coming back to the level.
Don't forget to hit the like bottom and follow to stay connected.
Potential Crab Forming 🦀USOIL - Potential Crab Forming, after yesterdays bearish move price rejected from the Daily demand zone and is potentially going to continue it's bullish run, I'm waiting for a fakeout/pullback with LTF before potentially swinging this long! (I will probably scalp the LTF both direction with confirmations)
Let me know your thoughts?
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
NKE Short to 61.8 Retracement. NKE tried to consolidate and break higher but has since failed. Consolidation broke to the downside and retested the support on a long wick. I believe this trade is short as long as we are below 166. The target to the downside is the 61.8 retracement level at about 158.
