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Fibonacci

Bitcoin Short Term Danger (4H)Bitcoin has formed a rising wedge pattern, typically considered a bearish reversal structure, suggesting a potential retracement ahead. Watch for a possible breakdown around the $83,800 level. If this level is breached, price may head toward the $79,000–$80,000 zone, where stronger buying interest is expected. This potential move also aligns well with key Fibonacci retracement levels, providing confluence for the setup. Furthermore, the Bitcoin CME Futures chart supports this scenario — a large gap is expected to open tomorrow, and historically, Bitcoin tends to fill CME gaps in the short term. — Thanks for reading.
Short
by vs_sayin
8
GOLD → Price is consolidating, but to what end? Growth?FX:XAUUSD continues on its way as part of a strong rally. Price is testing strong resistance and there is a good chance of a new high as the trade war escalation intensifies. Against the backdrop of the bull run, there is no need to think about selling! Gold is trading near all-time highs above $3,200 on Friday, posting a weekly gain of about 5.5%. Rising prices are fueled by concerns over U.S. financial stability and the possible resignation of the Fed chief, adding to pressure on the dollar. Expectations of recession and Fed rate cuts are increasing amid escalating trade war with China, after the US imposed tariffs of 145% and Beijing retaliated - China raised tariffs to 125%. Inflation in March came in below expectations, reinforcing forecasts for a rate cut. Focus is on further trade talks and China's response Resistance levels: 3219.5 Support levels: 3197, 3187, 3167 Emphasis on the local range: 3219 - 3187. Breakdown and price consolidation above the resistance will provoke rally continuation. But I do not rule out a correction to accumulate energy before the continuation of growth. In this case gold may test 3197 (0.7f), or support of 3187 range. But we should be aware of the fact of unpredictability: If the US and China sit down for negotiations, the situation may change dramatically. Regards R. Linda!
FX:XAUUSDLong
by RLinda
10
HOOD daily chart: breakout or fakeout? Key zone approaching.Robinhood's stock has formed a falling wedge pattern on the daily chart, indicating a potential bullish reversal. The price has broken above the 0.618 Fibonacci level at $44.00, suggesting further upside potential. Next targets are $48.40, $52.79, $58.22, and $67.00. RSI and MACD indicators confirm bullish momentum.​ Fundamental Factors: Robinhood continues to show revenue and profit growth, supporting positive investor sentiment. The company is expanding its services and attracting new users, strengthening its market position.​ Scenarios: Main scenario: continued rise to $48.40, then to $52.79 and higher.​ Alternative scenario: pullback to $39.71 with potential decline to $36.00.​
NLong
by TotoshkaTrades