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Retracement

PayPal strongly bullish after huge dropAs we know, PayPal's Q3 quarterly have shown a steady growth of the company, which is also trying to open up to collaborations with a giant like Amazon. However, this had an anomalous effect on the markets, where PayPal lost more than 10% in the following days. At this point, using a Fibonacci retracement with a minimum set in May 2020 (ie when the main lockdowns are over and a "new era" has begun for everyone, including the markets), we note how the decline of these days has reached the famous "61.8%", one of the most recurring and well-known retracement points in the trading world. Let's add how a company like PayPal has hardly already reached its waning phase, and indeed still has to reach its maximums (introduction to payments with crypto). I leave the conclusions to you, I only tell you that in my opinion this is the right time to buy PayPal on sale
NASDAQ:PYPL
by UnknownUnicorn18031164
1
NZDJPY short term retracement and longterm buyOn the Global Interest rates, NZD is rating very high compared to JPY with a 0.600% difference. This means NZDJPY is and has been on an uptrend. On the technical analysis, this pair has been on a strong uptrend since March 2020 and went ahead to break the HIGH OF the YEAR 2019 early this year. Currently, the price is on the HIGH OF the YEAR 2018 and this being a significant level we expect the price to retrace before the uptrend continues dominating. For now, it's not best to catch the bear pips but rather look forward to the best possible entry for a long-term buy move. I have set two possible levels 80.338 and 79.000 which are the possible buy entries. Follow for updates on this pair
by El_Chapo_Jr
$FLOKIUSDT Cypher PatternFloki Inu Coin Price & Market Data Floki Inu price today is $0.00023525 with a 24-hour trading volume of $34,127,064. FLOKI price is down -8.9% in the last 24 hours. It has a circulating supply of 0 FLOKI coins and a total supply of 10 Trillion. If you are looking to buy or sell Floki Inu, PancakeSwap (v2) is currently the most active exchange. Floki is the name Elon Musk wishes to give to his future pet Shiba. Floki Inu has a token burn of 1% each transaction, transaction fees of 5%, and a transaction redistribution to holders of 5%.
Long
by BADQOMOCAWGOWLD
1
#BTCDAILY - 7.NOV.21 TESTING UPPER TRENDLINE#BTCDAILY - 7.NOV.21 TESTING UPPER TRENDLINE Very strong bounce to keep it within this expanded symmetrical triangle pattern. Point of interest atm - if we breakout then there will likely be a pullback followed by a pretty large pump to at least $64k in the short-term. HOWEVER... There are quite a few bearish signals from Alpha Volume + Quite Overbought + Challenging the trendline resistance + Asia coming online rarely pumps a pump and usually buys the dip + Future Pivot is sitting a little lower along with the general pattern suggesting a retracement here. There is quite alot of excitement around Elon selling $25b worth of #TSLA shares and speculation it will go into #BTC but who announces they are going to buy before they are going to buy??? On the whole its still looking super bullish and not really expecting any crazy collapses from this point or at least until the ATH is challenged again
by Kryptochristian
Polygon #MATIC 1D - retrace scenarioPolygon (MATIC) on a 1D chart seems to have formed a double top pattern recently and making it's way down. I set up a few trend lines with fib levels to keep an eye on. I also put a few horizontal support lines for areas where the price may get support going down. What are your thoughts? Comment below, hit the like and follow me. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
M
by MillionaireEconomics
2
DOTPerp - Longterm Idea (beginners thoughts) - Crypto Market 21The Essentials: We are in a strong uptrend since low in July. Making higher highs and higher lows. Trading above the 200SMMA. Since August the 21SMMa crossed the 50SMMA and is increasing the gap continuously. Trendline is strong support. After consolidating in the second half of October, DOT reached an ATH on 01/11 ($51.6)! However the RSI is 3 points points lower during the ATH than the most recent high of 46.4 ---> which could signal a trend reversal, a RETRACEMENT before it goes parabolic (200+ ??). To confirm this retracement, I connected the swing-low end of September with the swing-high (ATH). This swing-low initiated the most recent uptrend, breaking through MAJOR resistances from earlier 2021 and mid September! It also bounced off the 50SMMA after retesting it as support twice. The Ideas: Prediction 1: the price drops to $45 (previous resistance, now support) due to crypto market in general moving up and BTC expected to rally in November. Bounces off from there to new ATH. This would have support from the trend line, which is accurate as support since end of September. Prediction 2: the price drops to $38. The major resistance from early 2021 and mid- September. This would mean a FIB retracement to the 50 level. If confirmed, a good entry to buy long at around $39-$40 level. Prediction 3: the 50SMMA continues to be the support as it was end of September. If the price drops, the 50SMMA should be a confluence to the golden ratio of .618 on the FIB chart. Strong confirmation if it does! Best possible scenario to re-enter DOT at $35.9-$36.6 levels. Thanks for reading and please let me know your thoughts/ideas. HAL
FTX:DOTPERPLong
by HAL88
GBPUSD - Price at Top of Down-Channel - Trend ContinuationHere is the summary of the indications: Market in a longterm Down-Channel Market now in Retracement Channel Market now at the Top of the longterm Down-Channel ----------- Hi Traders! The setup of this idea is that the big Trend of this pair is a downwards. As it has deep Pullbacks, it is a Downward Channel. Now we are in a Retracement Move, which is also at the top of the longterm Down-Channel. The idea is that if the market breaks below the Channel and simultaneously the Support, the next target would be the Support @ 1.36700. Potential Entries could be selling directly the Breakout, the retest of the Breakout or even before the Breakout. If you have any questions, something to add or anther point of view, let us know in the comment! Thanks and successful Trading :-)!
Short
by swissmoneymakers
2