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Fibonacci Retracement

BTC/USD 1D LongTerm1. Price and main trend • Current price: 113,448 USD (decrease -2.42%). • On the daily chart you can see that Bitcoin pierced the yellow upward trend line and descended below the average walking (SMA). This is a signal of weakening the trend. 2. Support and resistance • resistance: • 117,687 (SMA - local resistance). • 120,645 and 122.766 (stronger resistance zones). • Support: • 113.016 (first, local support). • 110.541 (important support). • 106,238 (key support - if it falls, more correction possible). 3. Medium walking (SMA/EMA) • The price has gone below short -term medium (red and green lines). • This suggests that the advantage has temporarily switched to the side of sellers. 4. MacD • MacD histogram goes into a negative zone. • The MacD line drops below the signal → This is a sales signal. 5. RSI • RSI oscillates below 50 and slightly reduces. • This means weakening the momentum of bulls and a potentially place for further decline (only around the RSI 30 would mean a strong sale). 6. Summary of the situation • Technically the market looks weak - a breach of an upward trend, exit below medium and negative MacD. • The next key support is: 113K → 110.5k → 106.2k. • If 113K persists, it is possible to bounce up to 117k -120k, but only a return above 120K would change the sentiment to a more bullish.
BITSTAMP:BTCUSD
by cryptodailyuk
GOLD → The market is waiting for a kick (driver). ConsolidationFX:XAUUSD is in a stalemate. A “casino” pattern is forming in the form of a symmetrical triangle. The odds are 50/50, and everything depends on the fundamental background and the emergence of a driver. Gold is stuck in a symmetrical triangle - consolidation. Gold is trading around $3330 on Tuesday, remaining in a range with a downward bias amid caution among traders ahead of the Fed minutes. Technically, it is possible to trade the breakout from consolidation with the price consolidating above a certain level, i.e., post-factum. Optimism after the meeting between Trump and Zelensky, who promised to end the conflict, is reducing demand for safe assets, but expectations of a Fed rate cut this year are supporting the metal. An additional factor is the confirmation of the US rating by S&P. Powell's speech on Friday will be a key driver, while the dollar has partially recovered after its recent decline. Resistance levels: 3349.8, 3370.7 Support levels: 3331, 3315, 3301 Volatility has been very low over the past few days, with the market waiting for someone to kick-start movement. Fundamental factors are contradictory, and technically, gold looks uncertainly weak. Based on this, I expect that a retest of the nearest resistance could end with a downward breakdown from consolidation. Sincerely, R. Linda!
FX:XAUUSD
by RLinda
23
EURCAD → Countertrend correction before growthFX:EURCAD is forming a correction to the support zone against the backdrop of temporary stagnation of the euro, which is the previous extreme from July 1... EURCAD is forming a countertrend correction within the global bullish trend. The euro is gradually rising amid the fall of the dollar. The Canadian dollar is consolidating below strong medium-term resistance and may continue its decline, which will only support the bullish trend in EURCAD Technically, the price is entering a liquidity zone, with a point of interest at 1.61 - 1.609, locally at 1.61225, where the upward support line also passes... Support levels: 1.6122, 1.6100 Resistance levels: 1.618, 1.625 The main focus is on the specified support zones. If, after a false breakdown of the point of interest, the bulls are able to keep the price above the support zone, then in this case we can expect a possible continuation of the trend. Otherwise, the local trend may be broken and the market will go into a deep correction... Best regards, R. Linda!
Long
by RLinda
11
Identifying High-Probability Support: The Power of ConvergenceHello Friends, Welcome to RK_Chaarts Today we're going to learn Comprehensive Guide to Identifying Convergent Support Zones Which are High Probability Support areas. This post is for Educational purpose only. This detailed analysis will walk you through a step-by-step process of combining multiple technical analysis methods to identify a robust support zone. We'll explore how Elliott Wave theory, Anchored VWAP, EMA200, Fibonacci Retracements, and equality to extensions can coincidentally converge on the same support zone. Step 1: Elliott Wave Analysis Begin by identifying the Elliott Wave structure. Look for impulse waves, corrective waves, and the relationships between them. In this example: - Wave Y is potentially completing near the equality zone (100% to 161.8% extension). - This level marks a potential reversal point. Support zone as per Elliott Wave theory Analysis Step 2: Anchored VWAP Analysis Apply Anchored VWAP to identify key support levels: - Plot the VWAP from the last swing low and the second-last swing low. - Note the convergence of these VWAP levels, which can indicate strong support. Support zone as per Anchored VWAP Analysis Step 3: EMA200 Analysis Add the 200-period Exponential Moving Average (EMA) to your chart: - The EMA200 has consistently provided support during previous corrections. - Note the price approaching this level, increasing the likelihood of a bounce. Support zone as per 200 Exponantial Moving Average Step 4: Fibonacci Retracement Analysis Apply Fibonacci retracements to the previous rally: - Identify the 50%, 61.8%, and 78.6% retracement levels. - Note the current fall has already exceeded the 38% retracement. Support zone as per Fibonacci Retracement Analysis Step 5: Convergence of Support Zones Combine the analysis from each step: - Note the striking convergence of support zones: - Elliott Wave equality zone (100% to 161.8% extension) - Anchored VWAP support zone - EMA200 support level - Fibonacci retracement zone (50%-61.8%) Coincidentally all these are providing nearly same Support area (Price zone) Trading Implications With the convergence of these multiple analysis methods, you can: - Identify a high-probability support zone. - Look for buying opportunities near this zone. - Monitor price action and market sentiment for confirmation of a reversal. - Consider scaling into positions or setting limit orders within the support zone. Important Note: Failure to Hold Support If the price fails to hold support at this converged zone, it may indicate a stronger bearish trend. In this scenario: - Be prepared for a potential significant downfall. - Consider adjusting your trading plan to account for the increased bearish momentum. - Keep a close eye on price action and market sentiment for further guidance. By understanding the convergence of these multiple analysis methods and being aware of the potential risks, you'll be better equipped to make informed trading decisions and navigate the markets with confidence. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
BITSTAMP:ETHUSDEducation
by RK_Chaarts
2
EUR/USD Bullish But... Trendline📊 EUR/USD Technical Analysis – August 19, 2025 The Euro/Dollar pair is currently trading around 1.1657, showing consolidation after recent strong moves. 🔹 Key Fibonacci Levels Immediate resistance at 1.1687 (38.2%). Psychological and technical barrier at 1.1775 (50%). Major resistance at 1.1867 (61.8%). Upside extension projected towards 1.2159 if the bearish trendline is broken. 🔹 Trend The descending trendline (in purple) continues to act as a dynamic ceiling. Unless broken decisively, upside potential may remain limited. 🔹 Important Supports First support at 1.1575 (23.6%). High-liquidity zone between 1.1450 – 1.1370, crucial to maintain the medium-term bullish structure. A break below 1.1275 could open the door to a deeper correction. 📌 Conclusion: The pair is at a decision point. A breakout above the trendline and 1.1687 could trigger fresh bullish momentum. On the other hand, losing the 1.1575 – 1.1450 zone would increase the likelihood of a deeper pullback.
Long
by Axuview
2
Reversal At New ATH Points To Next Potential Takeoff For JOBYNYSE:JOBY has been making impressive steps lately with reports coming out Friday, August 15th that the company has achieved a great milestone in being the first to fly a piloted electric vertical takeoff and landing air taxi or eVTOL from one public airport being Marina (OAR) to Monterey (MRY). www.tradingview.com To end last week and start this week we see price on NYSE:JOBY plummeting and this decline has confirmed a very strong reversal pattern, the Head and Shoulders! Now, Price has made a solid breakout of the Neckline or Support of the Pattern so we can suspect a potential pullback to the Neckline for a Retest before moving down further in the coming days. Based off the Potential Extension of a Confirmed Breakout and Validated Retest of a Head and Shoulders Pattern, we can suspect that Price will fall the same length as from the Head to the Neckline, being approx. $4.63, which would land Price not only right in the middle of the Fibonacci Golden Ratio Zone but also a Previous High from June of 2023 @ $11.98! --> This will be the next Buy Opportunity! With NYSE:JOBY expanding by purchasing Blade Air Mobility who operated in lounges and terminals in the US and Europe and plans to deploy commercially in 2026, this could be a great stock to stock up on! www.tradingview.com
NYSE:JOBYLong
by Novi_Fibonacci
Globant, Bright Future or Total Darkness?📊 Technical Analysis – Globant (GLOB) – Weekly The price of Globant (NYSE: GLOB) remains under strong bearish pressure, approaching a key long-term support area. 🔑 Fibonacci Levels 0.618 (61.55 USD): critical zone currently being tested. A clear breakdown could open the door to further declines. 0.5 (77.15 USD): first major resistance in case of a rebound. 0.382 (92.75 USD): secondary resistance, aligned with previous supply zones. 0.236 (112.04 USD): stronger resistance level; a breakout above would suggest a trend reversal. 📉 Support and Resistance Main Support: 65–61 USD, which acted as a strong base during 2019–2020. Immediate Resistance: 77 USD, followed by 93 USD. 🔄 Volume Volume has increased significantly over the past weeks, indicating strong institutional activity around this support area. This could hint at a potential technical rebound if the level holds. 📌 Conclusion As long as GLOB holds above 61 USD, there is room for a rebound toward 77–93 USD. A breakdown below 61 USD would open a more bearish scenario with medium-term targets around 50–45 USD. Current bias remains bearish, but we are at a key decision zone.
NYSE:GLOBLong
by Axuview
GOLD → Attempt to break through 3350 for a retest of 3370FX:XAUUSD is stagnating in a range, awaiting a driver. The price is consolidating, with boundaries narrowing and forming a symmetrical triangle... Gold is trying to consolidate above $3,350 after falling to an 11-day low of $3,325 amid geopolitical uncertainty. Markets are awaiting Trump's talks with Zelensky, which will be joined by European leaders, hoping for a quick peace agreement on Ukraine. However, general optimism is limiting demand for “safe assets.” Expectations of a dovish Fed policy and the possible lifting of sanctions against Russia are adding to the positive sentiment. At the same time, gold risks a correction if the dollar strengthens amid profit-taking ahead of the Fed minutes and Jerome Powell's speech in Jackson Hole. Technically, if gold can break through the 3350 level, the market may test the 3370 resistance in the short term, but then return to support due to uncertainty. Resistance levels: 3350, 3370, 3400 Support levels: 3331, 3315, 3301 At the moment, since the price is in a range, it is worth considering an intrarange trading strategy: false breakouts or rebounds from strong levels. I think that until a strong driver appears, gold will remain within the specified range. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
15
XRP Pullback Play — 0.786 Fib Meets Sell-Side LiquidityXRP is currently in a pullback phase. The next high-probability long setup is at the 0.786 Fibonacci retracement, aligning with a Sell-Side Liquidity (SSL) zone. 🟢 Long Trade Setup Entry Zone: 0.786 retracement Stop-Loss: Below $2.80 Take-Profit 1: $3.00 (mOpen) 💡 Educational Insight Sell-Side Liquidity (SSL) represents the pool of stop-losses and pending buy orders resting below recent swing lows. Price often seeks these liquidity pockets before reversing. The 0.786 retracement aligns with this SSL zone, creating a high-probability setup. However, confirmation should come from order flow → monitoring absorption, delta shifts, or footprint imbalances at this level will validate whether buyers are stepping in before entering. 🔍 Indicators used: DriftLine — Pivot Open Zones → For identifying key yearly/monthly/weekly/daily opens that act as major S/R reference points ➡️ Available for free. You can find it on my profile under “Scripts” and apply it directly to your charts for extra confluence when planning your trades. _________________________________ 💬 If you found this helpful, drop a like and comment!
Long
by SiDec
8
$BTC.D On the Cusp Of Breaking Down - What to WatchNothing too exciting to write home about for the Weekly Closes today, but ₿itcoin Dominance shows continued signs of breaking down, now closing the past 2 weeks below the 50WMA. If we get one more decisive Weekly close beneath it, I’d feel very comfortable calling Alt Season. BTC.D is also on the verge of breaking below the 8-year trendline, as well as the 0.236 Fib which would add confluence. Breaking below 57% should seal the deal. This will be a big week to watch.
CRYPTOCAP:BTC.DShort
by jonnieking
XRPUSDT 4h chart📊 key levels • Resistance: • 3,3847 USDT (closest to strong resistance - earlier peaks). • 3,2337 USDT (local resistance, now supply zone). • Support: • 3,1374 USDT (next support, currently tested). • 2,9812 USDT (strong support, defense of buyers). • 2,7390 USDT (key support below, loss = Possible strong descent). ⸻ 📈 market structure • The price is currently 3,0937 USDT, consolidates between 3,1374 and 2,9812. • You can see a few attempts to break up, but each ends with a quick withdrawal → the market in consolidation. • The medium -term trend (looking from the beginning of August) was upward, but we currently have a correction lateral phase. ⸻ 🔎 What to observe • Bulling: If the course breaks and persists above 3,1374, the goal will be 3.23 → Then the resistance test 3.38. • Bears Breaking: If the course drops below 2,9812, then a possible descent around 2.74. ⸻ ⚡ Fast rating • The market is now in neutral consolidation. • Short -term players should observe the reaction to 3,1374 and 2.9812. • Only breaking out this range will give a bright direction.
by cryptodailyuk
XLMUSDT → Consolidation before rally to 0.4700BINANCE:XLMUSDT is recovering after a fairly aggressive decline, the purpose of which was to consolidate potential and retest trend support. The chart shows signs of a bullish movement... The growth of BTC and ETH and the decline in Bitcoin's dominance index give altcoins a chance. The market is generally bullish, and in the second half of this week, we encountered a correction that has most likely come to an end. XLM has a fairly strong support line, above which the bulls are aggressively holding the price. XLM is rebounding from the upward support line. The price returned to the trading range of 0.4274 - 0.4685, but encountered strong resistance at 0.4331, a break of which will confirm the bullish market structure. An ascending triangle is forming with a trigger at 0.4331. Support levels: 0.4273, 0.4194, 0.4114 Resistance levels: 0.4331, 0.4596, 0.4685 Within the local “ascending triangle” structure, the price may continue to consolidate. A retest of local support zones is possible. However, a smooth compression of the price towards resistance may lead to a breakout, which in turn, due to consolidation, may provoke a strong upward momentum. Best regards, R. Linda!
Long
by RLinda
6
ETH/USDT 4H chart review1. Trend • Direction: a downward trend, confirmed by a series of lower peaks and lower holes. • The black line is a downward trendline - a course from a few candles reflects it down. • The increase in volume in declines suggests that the seller is still dominating. ⸻ 2. Key levels • Resistance: • 4 634 USDT - the last strong resistance from which the price has reflected. • 4,527 USDT - local resistance, coincides with Trendline. • Support: • 4,415 USDT - the current level of support tested, the price consolidates here. • 4,300 USDT - another strong level of support; Breaking can accelerate the inheritance. ⸻ 3. Current situation • The price has fallen below 4,527 and is currently supporting 4 415. • The candle formation on support is mixed - small green candles after a large red impulse suggest a temporary pause or a correction attempt. • The volume on inheritance candles is higher than on growth → Seller still stronger. ⸻ 4. Scenarios 🔴 Negative (more likely if the sales volume persists) • If 4,415 is pierced with an increased volume, the purpose of the inheritance is 4,300 USDT, and in case of further pressure even 4,200. • The downward trend is maintained. 🟢 positive (less likely at the moment) • If the course reflects from 4 415 and breaks Trendline + Level 4 527, then possible movement in the direction of 4 630. • This requires an increased volume of buyers.
by cryptodailyuk
GOLD → Gold is consolidating. What will C.Retail Sales show?FX:XAUUSD is consolidating due to uncertainty caused by economic data from the US, interest rate decisions, and negotiations between the presidents of Russia and the US. Gold has not had an easy time lately, with the price in a rather difficult zone both technically and fundamentally. Low-potential, restrained movements occurring within the consolidation are waiting for a strong driver to appear. Potentially, this could happen today, as we have retail sales data ahead of us, as well as a fairly important event - a meeting and negotiations between the presidents of Russia and the US. Technically, the focus is on the boundaries of the current consolidation: 3331 - 3349 - 3366. Thursday's weak close (close to the trigger) hints at a possible attempt to break through 3331 with the aim of falling to 3300. However, a sharp approach and seizure of liquidity from 3331 could provoke a rebound to local resistance (3350 - 3366). Support levels: 3331, 3300. Resistance levels: 3350, 3366. Markets are waiting for hints on interest rates. Weaker data on Core Retail Sales and Retail Sales could bring us closer to a reduction in interest rates, against which backdrop gold could strengthen. And vice versa, respectively... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
13
GBPUSD → Breakout of resistance after consolidationFX:GBPUSD is rebounding from strong daily resistance with the aim of consolidating its pre-breakout potential. The fundamental background for the pound is positive... GBPUSD has a strong market structure. A false breakout of resistance at 1.3589 is forming. The level could not be broken on the first attempt, MM may form a correction or consolidation for a retest of resistance with the aim of a breakout and further growth. Focus on the liquidity zone at 1.35, 1.3488. The dollar is in a downward movement within the global bearish trend. Despite conflicting news, the index continues to decline, giving the pound a chance... Resistance levels: 1.3589 Support levels: 1.3521, 1.3488 The market needs consolidation in order to break through this barrier. Against the backdrop of a bullish trend, which is already supporting the market, we can expect a rebound from support with the aim of continuing growth. Best regards, R. Linda!
Long
by RLinda
3
HYPEUSDT → Correction for consolidation before ATH breakoutBINANCE:HYPEUSDT.P looks quite strong and is just a few cents away from reaching its ATH. The coin needs to build up its potential to reach its target and break through a strong resistance level... The cryptocurrency market feels quite confident. Bitcoin's growth is having a positive effect on altcoins. HYPE almost tested its ATH as part of an upward movement, but encountered pressure. The price did not reach its target (ATH) and entered a correction phase. Most likely, this is an MM maneuver to collect liquidity... As part of the correction, the market may test the consolidation located below. Focus on the support area 0.5F - 45.85 Resistance levels: 49.88 Support levels: 45.85, 44.27 The most likely scenario is a retest of the support and interest zone. A false breakdown and the bulls holding the price above the level, i.e. in the zone of interest, could attract active buying, which in turn could trigger a continuation of the growth within the global bullish trend. Best regards, R. Linda!
Long
by RLinda
6
GBPAUD → Attempt to break through resistance. Rally?FX:GBPAUD is preparing to accelerate its growth within the global bullish trend. A breakout of the local channel resistance is forming... Against the backdrop of the falling dollar, GBP is taking advantage of the opportunity and entering a phase of active growth. GBPAUD is emerging from local consolidation. The movement is accompanied by bullish momentum and a breakout of the upward channel resistance. Technically, after retesting (forming) the upper channel boundary at point 2, consolidation is forming. There is no decline, which indicates the bullish potential of the market. The breakout of the overall figure's resistance confirms the buyer's intentions... Resistance levels: 2.0698, 2.0756, 2.085 Support levels: 2.06658, 2.06537, 2.0593 If the bulls keep the price above the specified zone after the breakout, then in the short and medium term, the price may continue to rise to the resistance of the trading range... Best regards, R. Linda!
Long
by RLinda
3
ETHUSDT → A new range has been opened. Onward to ATH!BINANCE:ETHUSDT is breaking through strong resistance formed in the 4090-4100 area on D1-W1. Consolidation is forming after strong growth, which can be seen as a positive sign. Bitcoin has been looking quite weak recently against ETH, which continues to rally despite Monday's red market. ETH managed to break through the fairly strong resistance level of 4095, and after a strong 25% rally, the price moved into consolidation (trading range 4325-4160, with resistance at 4325 as the trigger). Technically, we see that the market has stopped updating local lows, and a fourth retest of resistance is forming with reduced volatility, which in general could lead to a breakout attempt. Consolidation of the price above the consolidation resistance could trigger further growth. A channel to the ATH is open... Resistance levels: 4325, 4450, 4800 Support levels: 4220, 4162, 4095 ETH is quite strong and the market may not allow the price to fall too low, as there is a lot of excitement. However, I do not rule out the possibility that weak Bitcoin will affect ETH, which in turn will test the liquidity zone (4162 - 4095) from below before rising to ATH. Best regards, R. Linda!
Long
by RLinda
15
EURCAD → Consolidation above the mirror level...FX:EURCAD continues its global bullish trend. Locally, within the upward movement, we see a pause, but the nature of this pause is not aimed at a reversal, but at consolidation before growth. EURCAD, within the upward trend, is pausing before local resistance at 1.6052. A pre-breakout base is forming with fairly active and dynamic buyers. A breakout and consolidation of prices above resistance will trigger further growth. Focus on consolidation at 1.6052 - 1.5977. The market is not updating local lows, volatility is decreasing (consolidation pattern) and the assault on resistance continues. Strong prerequisites for the movement to continue Support levels: 1.6011, 1.5977 Resistance levels: 1.6052, 1.6118 A smooth approach to resistance, a breakout and consolidation above the key level (trigger) could trigger further growth within the global and local bullish trend. Best regards, R. Linda!
Long
by RLinda
8
Tesla possible LongTesla’s recent breakout above the long-term descending trendline is a positive technical signal, suggesting that market sentiment may be shifting toward a bullish phase. However, the breakout lacks strong volume confirmation, leaving the possibility of a false breakout on the table. The key battle zone now lies between USD 349.29 and 367.40 — if bulls can push and sustain the price above this range, the door opens for a larger rally toward the USD 400+ area. On the other hand, failure to hold above USD 331 would put the breakout at risk, potentially sending the price back into the USD 308–290 support zone. In short, Tesla stands at a technical crossroads: momentum favors buyers, but confirmation through sustained price action and volume is essential before a strong uptrend can be confirmed.
NASDAQ:TSLALong
by Axuview
GOLD → Consolidation ahead of potential growth. PPI ahead...FX:XAUUSD is still consolidating, with the range expanding. The price has confirmed the formation of an upward price channel, which bulls are defending quite aggressively... Gold remains in positive territory for the third day in a row and is consolidating above $3,350 in Asian trading, awaiting PPI data and jobless claims in the US. Moderate CPI and weak labor market statistics have reinforced expectations of a Fed rate cut in September, with some experts forecasting -50 bps. The dollar remains at a two-week low amid dovish comments and rumors of a possible change in the Fed chair, which supports demand for gold. Weak PPI data could accelerate the rise in metal prices, although market attention is gradually shifting to the meeting between Trump and Putin on Ukraine. Technically, the focus is on the 3366-3340 range. A small correction may form from resistance before breaking the 3366 level and continuing to rise within the trend... Resistance levels: 3366, 3381, 3400 Support levels: 3341, 3334 Before rising, the market may test the trend support or form a false breakdown. But there is a possibility that the price will immediately start storming 3366 for further growth. But, again, further developments depend on economic data, which will most likely be controlled by Trump after the NFP mistake... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
11