Looking deeper into Fib waves Don't focus on price direction, focus on similarities between price points within the same Fib ring E.g (1.618) Based on 0.618 and the other Tops at 1.618 it is likely that Link will top at the next .618 period Very cool
Affection for 4.618 is present This is on the larger fib circle trend present Which emphasizes its validity as a support Hope!
At the moment, looking Cardano, it's still consolidating, but if you see in weekly timeframe, its bullish, just that in this timeframe it's consolidating the price. So, this could be my big idea to buy Cardano, but not now. Just I hope that the price action give me a signal to know and looking how the Daily cnadlestick going to closed up today. So, I don't like to...
testing my fib waves theory 2.618 should break out bullishly, continue upwards, a continuation of the previous 2.618 state Idea also for UNIUSD I am neutral on UNI, but still think it will play out bullishly throughout 2.618
Based on the multiple breaks of resistance and downward price action, I believed will see another dip to the downside before going to another upside. We seem to be making lower highs as well as lower lows after the small breakout as well.
Long confirmed, please see previous post.
Price action, fib circles! Nice Dip, round 2! Let's go!
Although some think this may be the top, I personally do not believe so based on what I am seeing, we clearly just broke out of a major resistance zone , I believe we may be on the way to higher highs again.
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...
A three-dimensional approach to applying fibs, using my latest creation... what I call a fib sphere. Adjust the time and price scales to unlock its mystery. Enjoy! // Durbtrade
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...
The Hull Moving Average is following the Fib circles, the Chaikin Money Flow appears to be crossing up and the nice arc makes us think this stock is going LONG.
As above Note - Trading view is a mess with details and adjusting the diagram