LINKUSDT is testing a key level at the $9.1 area, where the market has previously encountered resistance.
This level is important because it has acted as a significant point of resistance in the past, and traders will be closely watching the price action to see if the level is broken. If the price of LINKUSDT is able to break through this key level and establish...
On the 22nd June 2019, Algorand opened at a price of around $3.28 on Coinbase, and slightly higher on Binance.
Over the next few months, it dropped to around $0.1648 (maybe $0.1618 on some exchanges) and then $0.097 at the Covid crisis.
Before the 2021 bull run, in November, ALGO's Support level was around $0.2247 (Point X of the harmonic) before it began its...
Primary Chart: Fibonacci Levels, Key EMA, and Uptrend Channel off Lows
S&P 500 (SPX) has bounced hard off its lows on October 13, 2022, the date the CPI was released. Although price has chopped and whipsawed, it has been steadily working its way higher. But choppy price action is not without a purpose in technical analysis: it can help identify the direction of...
Traders, Intraday USOIL (WTI) has been slipping but the structure has been broker to the upside on the smaller timesframes. There is a very good confluence zone coming up soon on Crude Oil which can be a great place for long entry if the confirmation arrives. This can be a little risky trade so manage the risk. The target ultimately is the unfilled gap which left...
Can SPX Continue to Push Through a Wall of Resistance?
Like many other global indices and liquid assets, the S&P 500 (SPX) has had a powerful rally off June 17, 2022 lows. This rally coincided with the July 2022 FOMC meeting and presser—the rally increased in the days preceding the FOMC meeting and then continued in earnest afterwards. This post will not...
The price is testing the 0.618 Fibonacci level on the monthly support (29k)
On the daily timeframe the price is testing the 0.382 Fibonacci level as resistance.
on 4h timeframe the price is creating a symmetrical triangle.
How to approach it?
IF the price is going to have a breakout from the 32k and retest it as new resistance, According to Plancton's...
Traders, DXY (USDOLLAR) has reached our target and last week started to take a little pause from its parabolic move which has been going on for weeks. The dollar index is still very bullish but this pause is a very much welcomed because it is giving us several opportunities across asset classes.
In this in-depth analysis on dollar index we will look into higher...
Price action has been rejected from 88.6% - 78.6% range, 15M overbought. Ttarget at 14.6% of Fibonacci retracement (28.7k).
Why 14.6% (.146) and 88.6% (.886) are important levels on Fibonacci retracement? The 14.6 Fibonacci ratio, wich has a high mean of assertivity, is mirroned by 88.6, which has become an important entry level and stop loss in the market. 88.6...
The price created a triple bottom on the monthly support of 0.62$ where the market found liquidity for a new bullish impulse. On the daily timeframe, the price got a rejection from the 0.5 Fibonacci level exactly on 1.37$.
pon the 4h timeframe the price created an M pattern with the double top on 1.37$ and the market lost the weekly support
How to approach?
The...
The price got a rejection from 23.37 where the price created a double top on it.
the 23$ Area is the main resistance for DOT.
On the 4h Timeframe, the price is testing the 0.886 Fibonacci level on the daily support.
How to approach?
The price needs to flip the 4h resistance on 18$ and confirm the flip. If the price is going to satisfy our rules, we could see a...
The price bounced on the daily support on 39800 As I Told you in the previous analysis and now the price wants to retest the 0.382 Fibonacci level on the weekly resistance on 42k
On the 4h timeframe, the price has a supply zone on 42300
How to approach?
IF the price is going to retest the 42k and got a rejection, we can apply our rules for a new short position....
On the upper chart, the price got a rejection from the monthly resistance on 48100$ and now the price is testing the previous weekly resistance as new support on 0.618 Fibonacci level.
On the 4h timeframe, the price is testing the 0.886 Fibonacci level after a rejection from the 0.618 Fibonacci level
How to approach?
the price needs to hold that level and the...
The price is creating a descending channel on the daily timeframe, and now the market is testing the daily support on the 1.13 Fibonacci level on the daily support.
On the 4h timeframe, the price is testing the descending channel between weekly and daily structures and the market is testing the 0.382 Fibonacci level right now.
How to approach?
The price needs...
The price had a nice bounce from the daily support 35k and had a breakout from the descending channel, it's a good sign.
On the daily timeframe, the price is going to retest another key level on 46k, if you look on the left, you can see how the price respected that level.
On the 4h timeframe, the price is testing the dynamic support as new resistance on 44k.
How...
NSE:IDFC is at the key support level formed by fibonacci cluster. It is also at the PRZ level of Bullish Gartley Harmonic PRZ pattern. Volume Zone Oscilator is also in the oversold zone. It might do a bullish reversal from here.
Gartley PRZ pattern requires below criteria:
XAB - 0.618
AC - 0.383-0.886
BD - 1.272-1.618
XD - 0.786
