Identifying the strongest trendline with the fib circles shows the price sitting just above 2.618
With the formation of seemingly a bullflag, this is a very bullish sign
At these levels TRON is very undervalued imo
Bulls will win this battle
COIN seems to have lost its way this week.
After last weeks mostly horizontal movement which could have eventually lead to some modest ascension,
this week has proven that COIN is still struggling to find reliable horizontal support,
starting off at around $300, only to drop to $275, followed by $250.
Any significant upward price action has been met with...
Here we can see some range play happening just under resistance on the weekly chart, this has been great for alts but we will likely see a shift in dominance once the range ends.
I've not put a direction on this as I'm seeing concerning signs on the monthly, but this weekly looks a chance to breakup with a bullish engulfing just under resistance as the range...
Retrace from a high
Head and Shoulders pattern can be seen in the middle of the expanding structure (a,b,c)
Using the fib circles still to find resistance and support areas (resistance areas in red, support in green)
LS = Left shoulder
H = Head
RS = Right shoulder
Just using the Fibonacci circle and establishing support areas, resistance areas, this head and shoulders pattern can be identified
Without the circle, this pattern is very difficult to identify
The main challenge using the circle is identifying the strongest trend. (Green line)
Here is my guide to using the Fib...
Drawing fibo retracement levels from 3900$ and 9950$ levels (which are major levels and support) to the 19900$ (maximum) will results a strong support level in 14000$ and by drawing reverse fibo retracement levels the next target for BTC will be 26000$. With the use of fibo fan and fibo circles, these levels are confirmed and the estimated times can also be concluded.
Whilst playing around with FIB CIRCLES at different fib levels i took a look at MATIC:
MATIC is riding along a support circle and inside a descending triangle, moving inside of fib arc channels (bold colored). I guess we will see more downside to the levels of 120 - 100 sats, before a reversal kicks in, bringing MATIC back to the levels of 150 - 170 - 200...
Short term we will drop to 140 sat area, see dark circle that indicates a support/resistance area. After that a rise is possible back to 170 sat area for the first target.
Also see the ultimate oscillator here. The line below the indicator indicates a last drop back to the line, before rising again.
No advice from me, i just look at the charts :)
Currently we are either breaking out downward(weekly) or correcting back up into structure(via daily). The weekly candle close will determine is we have broken out of the current structure downward; however, BTC is currently correcting back into the structure as the weekly close approaches.
IF weekly downward breakout holds until close....
El Mercado está presentando un ciclo completado en gráficos de 1 Día, lo que nos da a entender que el precio debería estar formando un movimiento a la baja. Pero que sucede los Market Maker han impulsado el preció a zonas de avaricia, en una cacería de Stop lost. En estos momentos podemos ver como el precio muestra indicios de debilidad y forma un patrón de...
First off, please don't take anything I say seriously, or as financial advice. That being said, let us get into my insights. Looking at Fibonacci circles, there is a potential negative retracement back to a $155 price point, given that Ethereum looks like it could follow a small negative correlation wave. This is why I think, so likely it is best to shorten at...