Here is my short term EW count for BITFINEX:VETUSD Both the weekly RSI and Stochastic are showing signs of real strength. My initial target for the wave of this impulse is around .0676 (1.618 fib extension) We may see an ABC correction from there before breaking this resistance and moving higher. I'll post updates as this wave nears completion to show what...
In time W1, after a three-wave correction cycle, now after an upward movement with the failure of the swing and pullback, it has encountered support in the area of 61.8 Fibo, which must now be above the $75 range to break the dynamic trigger. Consolidate to advance to the $100 range supply zone. Therefore, if it is placed above the area, it will have the ability...
I invite you to review BNB in a four-hour interval. As can be seen at the beginning, the price is again approaching the upper limit of the ongoing upward trend channel, which may limit the upward movement. In this situation, we will deploy the trend based fib extension tool, thanks to which we can mark a very strong resistance zone from $402 to $411, which is the...
DRQ shows notable Bullish Divergences on both the Monthly and Quarterly Timeframes at a 0.886 Fibonacci Retrace and is currently trading within a Falling Wedge. If the Bullish Divergence and Falling Wedge play out, I would expect to see DRQ make its way up to around $60 as a first target and around $94 as a full profit target.
OGDC Buy from specified level (also 0.618 FIB , trendline support intact) SL , TP mention in chart
MSFT Buy at HL (also 0.5 FIB , trendline support intact) SL , TP mention in chart
FTMUSDT Buy at HL (also 0.5 FIB , trendline support intact) SL , TP mention in chart
Based on technical analysis, Bitcoin exhibits a strong upward trend. If the price of Bitcoin holds above 40,350, it's likely to rise and test resistance levels at 51,000, 54,000, and 56,800. However, if Bitcoin fails to maintain above 40,350, it could decline to test support levels at 35,500 and 32,800.
The last one in today's list is the MATIC chart in the USDT pair, like its predecessor on a four-hour interval. First, we will use blue lines to mark the upward trend channel in which we could observe an attempt to break the price down, but as it turned out, it was a false break after which the price returned to the channel and started dynamic growth, creating an...
Hello everyone, I invite you to a quick review of the ETH pair to USDT chart, on a one-hour interval. First of all, we can mark the upward trend channel with the blue lines, from which we could observe the price moving upwards, and what is more, we can see here how the increase after leaving the channel is close to the height of the marked upward trend...
As show here - bullish flag in Bitcoin. Despite this, I would not enter long before BTCUSD reaches or surpasses prices around 52,100 USD.
Material stocks have been stuck in a tight range since the bear market began almost two years ago. But they could be showing signs of a potential breakout. The first pattern on today’s chart of the AMEX:XLB Materials Select Sector SPDR ETF is Friday’s last print of $86.83. It was the highest weekly close since May 2022. That may suggest that investors are...
Whether it is chart analysis of human emotions (that is what we’re charting, emotions, not price action), the distribution of petals on a flower (which allows for the best possible exposure to sunlight), the growth of a snails shell, there you will find the Fibonacci 0.618. Don’t ask me why, that’s a philosophical rabbit hole that raises more questions than...
Hello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we use blue lines to mark the side trend channel in which we have been moving for a long time, and you can see how the price is currently leaving the channel at the top, often a positive exit from the channel and testing it gives...
The pin bar was a reaction from the 78% Fib retracement and also an equal 1 to 1 AB=CD, but now let's see whether there will be a follow-up and price confirmation for long. This level is also a 61% retracement of the bigger swing up so a confluence point. For now, I don't see a definite entry signal unless I want to buy the level which I often do at the higher...
I believe we are at the fourth wave. Retracement is very minimal (currently is always above the 23.6% fibonacci). $400 is the target. Hold tight
backtest shows even for the slow moving bitcoin compared to altcoins the 1% to 1.618% gain seams to work so simply set an alert when bitcoin raises 1% per day to enter for an at least an extra 0.618% gain
NAS100 is showing a bullish trend on higher timeframes. Therefore, we are currently searching for a short-term opportunity to enter into a long position. Based on recent price movements, we anticipate that it will form a higher low before continuing to rise. To enter into a long position, we will use the Fib premium pricing at 0.71 level retracement. Additionally,...