After roughly 90 days of upside, ES has now hit a Fib extension resistance on a larger scale. The Ideal scenario would be a retracement of some smaller fibs at target #1, then finally a retest of big support at target #2.
I have charted all the noticeable Bullish factors on the chart. Flagging above 200D MA , big volume shelf formed recently. 1st target Would be 11% Fib above. Let me know what you guys think!
XRP has reached initial fib zone mentioned back in august (check previous XRP post). It was in the perfect buy zone for a few months and played out nicely . I will be highlighting some fib extensions targets soon :)
The chart is pretty self explanatory, 265.5 area is current resistance spot, 255.5 support. POC Low 240's. Use the Fibs as zones rather than wait for price to hit the exact levels.
Simple analysis , XRP needs to breakout of .68-.70 with Volume to then target .92, 1.12, 1.30+. Longs at .37-.50 seem like a steal if your a long. Thesis is valid above recent lows of .28
COINBASE:BTCUSD is trying to figure out if it will break or reject 70k resistance. RSI overbought and price at resistance , I'd like to think a pullback is very likely. Pullback targets: 58,000 below that is 50,000. Both levels would give perfect opportunities to buy dips on your favorite cryptos. Regardless of this price action , we also have to keep in mind...
78.6 fib approaching. Will be interesting to see the reaction into the next few days / end of this year. Caution
Chart is pretty self explanatory. Below 30k we can retest the Fib(s) down below . Bearish below $30,000
These are my updated Fibonacci levels on Bitcoin. Expect big moves off of each level .
Spy so far double rejected the 61.8 fib and to keep things simple , a Retest of the lower fib near 415 would be the next target .
BTC currently trading within this fib range, highlighted in the box . Break above the 61.8 can send it to 35-36k +
TSLA setting up to retest 195 POC and 190 fib below into next week. Look closer and you can also see a nice head and shoulders forming . In that case I would think we see much lower than 190.
So far we got above that 4010 briefly and couldn't hold above it long; now back in the 3960's as i previously stated we would retest this area on a failed breakout.
If ES gets above 4010 and holds, next targets are 4100,4150. Failure to break 4000-4010 will likely send us to volume shelf support at 3960-3950. No bounce there its 3900.
We can test 4018 old resistance or fill gap to 4010. Could even test 4000. A bounce in any of these areas would be ideal for making next leg up to 4050,4070. Above 4050 sets us up for 4100’s. Below 4000 we’re back in bear land
Above 3950 we could start filling volume gap near 4100's, also in congruence with trendline bounce .need to stay above 3900 short term.
these levels look great for some intraday trades/ maybe some swings