RickSmash Vibe UpdateJust looked back at my previous chart and realized Vibe fell through the trend line and is meeting resistance at the same line. If it doesn not make it through, then we are gonna have a bad time.
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RickSmash EOSJust guessing based on the trend and support lines! Need to see the supports hold up before I am convinced.
RickSmashI like the buzz around VIBE. It broke out of a downward trend and found strength above the previous support. Finding resistance at expected level. Should continue finding resistance and support at expected levels.
RickSmashJust looking at trends. History never guarantees the future on these charts, but I definitiely want it to get out of the lower portion of that channel and find support in the upper half instead of fall back through it.
RickSmashI'm making a lot of charts today. The market might be waking up. Let's keep our eye on this stuff!
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RickSmash Ven UpdateUpdated Ven. I overlayed two Fib extensions and has been very accurate so far. Both the large and small fib extension tools have been providing resistance, support. I did put the Resist level in yesterday before it hit it. I thnk once it gets past the next resistance, moon is very likely.
RickSmashJust looks like a good retracement. I'm seeing bullish charts everywhere. I'm not an expert.
Ven wowAscending triangle about to reach highs, and break through important resistance on fibonacci... wow!
Fib AnalysisNot an expert, just learning how to use Fib tools. I think the commentary explains what I'm seeing here. I am looking for critique on my methodology.
I am least certain about the point B on the Elliot correction wave, but I don't assume it would extend beyond that and form a head and shoulders -
which would signal trend reversal. I'm looking for the correction then continue upward trend.
RickSmashI think it is a bit of a stretch to run the Fibonacci retracement tool all the way back to September, but it does begin a long upward trend from that point and the price bounced off the 61.8 retracement line almost perfectly based on this chart.
I am not sure if you can see it by scrolling back in my chart but I did the exact same thing for July 2017, and the chart looks nearly identical, but not as nasty of a drop compared to Fib. and moving averages.
BNB Fibonacci ExtensionI am still learning how to read charts and use these tools. As of now this is how I understand these tools to work. My previous chart on BNB was a prediction based on my *then* understanding of elliot waves, of which I have since realized my chart analysis was flawed. Disclaimer: This analysis may be fundamentally flawed also.
BNB is a coin used on Binance as a currency or trading pair specifically for their exchange. Binance has become the largest volume exchange recently as far as I know. When Binance users purchase BNB, they can set their exchange preferences to automatically pay their trading fees in BNB and receive a 50% discount on said fees. With Binance registering 240,000 new users per hour last time I checked, I imagine that this BNB coin has reason to grow, and reason to carry out the Fibonacci extension as I have layed it out, if I have done it properly.
Thanks for reading. I am always open to critique and advice if I am wrong, or confirmation if you know that I have done this right. Although I am novice, I am not doing this as a hobby.
If you are learning from me, I suggest confirming or debunking these fundamentals by learning from a professional.
