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Fibonacci Retracement

DOGE → The hunt for liquidity before the fallBINANCE:DOGEUSDT rose sharply on Friday. The reason is local news related to ETFs and Musk's tweet (it still works :) ). The growth potential may quickly exhaust itself... The altcoin is strengthening, breaking resistance and consolidating between two important levels - 0.1763 and 0.188. The trend is bearish, the market is generally weak. I do not yet see any technical or fundamental potential for strong growth or a trend reversal. In the current situation, DOGE may test the resistance zone of 0.188 due to the liquidity pool formed as part of local consolidation in early November. However, this liquidity pool may become a resistance to growth, which in turn may provoke a reversal and a fall. Resistance levels: 0.188 Support levels: 0.1763 However, if the market does not allow the price to rise, it is worth watching the support level of 0.17635. Consolidation below this level will confirm the false breakout of the lower level and may trigger a decline. Best regards, R. Linda!
Short
by RLinda
7
LTC/USDT 1D🕵️‍♂️ The overall picture • Price: 102.50 USDT • Trend: The current downtrend is down (black downtrend line), but we are currently breaking above the trendline, which may signal a change in direction. • Interval: Daily (1D) ⸻ 📊 Key technical levels • Resistance 1: 106.99 USDT • Resistance 2: 119.25 USDT • Support 1: 95.61 USDT • Support 2: 89.65 USDT • Support 3: 79.90 USDT The current candle has broken above the downtrend line and the level of 95.6 USDT, which is a bullish signal. ⸻ 🔥 Volume • You can see a big increase in volume during today's bullish candle - this confirms that the buyers are in control. • This is a classic example of a confirmed breakout from a downtrend. ⸻ 📈 Candles • Today's candle is a strong demand candle (green) with a large body. • If today's close stays above the trend line (~100 USDT), it will be a technical confirmation of the breakout. ⸻ ⚙️ Stochastic RSI indicator • The blue line (RSI) is rebounding from the oversold area (<20) and heading upwards - this is a buy signal. • The orange line begins to turn in the same direction, which may indicate the beginning of an upward impulse. ⸻ 💡 Scenarios: 🟢 Growth scenario (more likely): • Maintaining the price above 100 USDT = breakout confirmed. • Potential targets: • 106.99 USDT – first test of resistance, possible short pullback. • 119.25 USDT – main target in the medium term (approx. +16%). 🔴 Downside scenario (if the breakout turns out to be false): • Return below 95.6 USDT and closing of the daily candle there = false breakout signal. • Then a possible decline to 89.65 USDT, and with further weakness even 79.90 USDT.
by cryptodailyuk
GOLD → The battle for the $4,000 zone. Are the bulls here?FX:XAUUSD is gradually recovering. The price is breaking through $4,000 and trying to stay above the key psychological level. Focus on 4,030–4,050... Weak employment data, namely a sharp increase in layoffs in October, has heightened fears of an economic slowdown, a decline in government bond yields, and the ongoing correction of AI assets is fueling demand for safe havens. The probability of a Fed rate cut in December has risen to 69%. The situation is stabilizing somewhat, there is no strong news today, and the market may try to maintain the current backdrop... Gold retains its upside potential while macro risks remain. The $4000 level is currently acting as key support. Closing the week above this mark will open the way to test $4050. Resistance levels: 4030 - 4050 Support levels: 4000, 3975, 3956 The dollar and gold are rising, and the inverse correlation is decreasing, indicating that bulls are still trying to keep the market from falling sharply. However, given the lack of drivers, strong news, and a clear fundamental backdrop, I would say that gold is not yet ready to break out of its current range. Consolidation above 4K could lead to a retest of 4030-4050, which in turn could trigger a pullback to local support. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
7
Paytm: 350% Recovery Rally! | Testing Key Fib Level BUY Setup 📱 Entry: ₹1,320-1,330 (Current Level) Target 1: ₹1,400-1,420 (38.2% Fib) Target 2: ₹1,500-1,550 (50% Fib) Target 3: ₹1,650-1,700+ (Extended) Stop Loss: ₹1,250 Technical Rationale: MAJOR RECOVERY in progress from all-time lows around 290 Strong +1.34% gain today with exceptional volume (15.19M) Testing critical 61.8% Fibonacci retracement level at 1,314 (marked "21d 23h") Massive recovery rally from 290 to 1,320 = 350%+ move Monthly chart showing strong uptrend with higher lows RSI trending strongly upward around 60-65 zone Breaking above multiple Fibonacci levels - bullish momentum Volume consistently strong during recovery phase Fintech sector regaining investor confidence Clear support established at 1,200-1,250 zone Next major resistance at 1,592 (78.6% Fib level) Risk-Reward: Excellent 1:5+ ratio for extended targets Pattern: Major recovery from bottom + Fibonacci retracement breakout on Monthly chart - extremely bullish long-term setup Strategy: Long-term positional/investment approach Book 20% at T1 (1,410), 20% at T2 (1,525), hold 60% for extended targets above 1,650+ Trail SL to 1,280 after crossing 1,400 This is a multi-month to year-long setup Key Levels (Fibonacci): Current Battle: 61.8% Fib at 1,314 (being tested now) Next Resistance: 78.6% Fib at 1,592 Extended Targets: 1,946 (100% retracement to ATH from crash low) Major Support: 1,118 (50% Fib), 1,000 (psychological) Timeframe: Monthly chart - this is a long-term investment setup, not a quick trade Historical Context: Crashed from 1,950 to 290 (85% fall) Now recovered 350%+ from bottom Testing critical Fib level that often acts as last resistance before continuation Volume: 15.19M - extremely strong for monthly timeframe, confirming institutional buying For educational purposes only. Not SEBI registered.
NSE:PAYTMLong
by rmhetre15
GOLD → The market is trying to buy back the decline...FX:XAUUSD continues to consolidate in the $4000 zone, failing to develop a rebound in the middle of the week. The price remains in a sideways trend for the eighth day in a row, waiting for a driver that will finally move the price forward... Reasons for market restraint: Strong US data: growth in ADP private employment, growth in the ISM services business activity index, lower odds of Fed easing, the probability of which has fallen to 62% for December... However, the ongoing government shutdown and the delay in employment and inflation data are supporting the metal... Gold is looking for new catalysts. A break above $4030-$4050 will require weak US data or an escalation of risks, which is not currently the case. Resistance levels: 4030, 4050 Support levels: 4000, 3967, 3955 As the specified resistance is reached, the potential for further growth may be exhausted, and in this case, a false breakout could lead to a correction to 4K. However, if support does not hold the decline, this phase could last much longer. I am not yet talking about further growth beyond 4050, as the fundamental background is weak and there has been no reaction to this zone yet, since the price is still far from the level... Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
5
BITCOIN → The hunt for liquidity before the decline BINANCE:BTCUSDT is testing the 100K area and updating its local minimum to 98,900 as part of another liquidation. The market is weak, and bulls are trying to wait out the panic... Bitcoin looks weak. After a sharp decline, a pullback is forming, during which the price may test the break-even and interest zones — previously broken support areas. Buyers are not yet showing themselves in the market... There is an intermediate bottom at 98,900, as well as the upper limit of the local range at 105,200. The range of 105,200 - 107,200 - 108,200 is important because it hides a pool of liquidity for a downward movement. MM may reach these zones and bring the price back into the trading range. Resistance levels: 105,182, 107,271 Support levels: 101130, 98900 A retest of resistance at 105182 and the lack of potential for continued growth may confirm the fact of a false breakout, which in turn may provoke a fall to local targets. I do not rule out the possibility that the price may go even higher, for example, to 107270 - 108200. I do not see any point in waiting for a trend reversal yet... Best regards, R. Linda!
Short
by RLinda
9
EURJPY → Long squeeze before growth FX:EURJPY is forming a long squeeze and a false breakdown of support amid a sharp decline. The trend is bullish, and buyers may enter the game against the backdrop of a weak yen. The Japanese yen is falling, giving way to the euro, which is strengthening against this backdrop. EURJPY is forming a global uptrend, which may generally support price growth... The currency pair is returning to its trading range after a false breakdown of support. If the bulls hold their ground above 176.600, the price may form an upward momentum. Resistance levels: 176.6, 177.0, 177.34 Support levels: 176.37, 176. 3 The market is trying to buy back the sharp decline, and the price is returning to the long zone, forming a reversal pattern. If the bulls hold the price above the support of the trading range, the market will have a chance to grow. Best regards, R. Linda!
Long
by RLinda
8
ETHUSDT → Breakdown of the global trend. Distribution to 3360BINANCE:ETHUSDT is entering a distribution phase after breakdown of a consolidation formed against the backdrop of a bearish trend (correction). Sentiment, like the fundamental background, is changing... Bitcoin is falling, which is putting pressure on the market. The reasons are weak fundamentals, index correction, and the rise of the dollar (outflow of funds from the market). On the daily ETH timeframe, we see a break in the uptrend. Monday's candle closed below the trend line, and since the opening of the session, the price has rallied (panic???) Ethereum is coming out of consolidation (breakthrough of 3671). A distribution phase is forming, directed towards 3366 (liquidity pool). Technically, a false breakdown of support could trigger a pullback to 3600 (retest of the previously broken upward support line). Support levels: 3366, 3150, 3000 Resistance levels: 3600, 3670, 3916 Despite the breakdown of the trend structure, we have strong support ahead. If the bulls hold 3366, the market may form a wider trading range. But if the overall background does not change, the decline may continue after the correction... Best regards, R. Linda!
Short
by RLinda
7
SWING IDEA - NEULAND LABNeuland Lab , a niche API manufacturer with strong export presence and leadership in complex molecules, is offering a technically strong swing trade opportunity from key support levels. Reasons are listed below : 11,500 zone acting as a crucial support area Formation of a hammer candle on the weekly timeframe, signaling potential reversal Reversing from the 0.618 Fibonacci retracement zone – the golden pocket Taking support at the 50-week EMA , holding long-term trend structure Target - 14900 // 17600 Stoploss - weekly close below 10215 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:NEULANDLABLong
by Visionary_Growth_Insights
$BTC Tests 50WMA - Line in the Sand for BullsIt’s only Tuesday, everyone RELAX. Still a long way from a Weekly Close below the 50WMA for CRYPTOCAP:BTC RSI is at the Liberation Day lows, and you know what happened after that. Note: this is the shallowest pullback to the 50WMA all cycle for bitcoin, which is in-line with late cycle behavior. In other words, this correction won’t take as long either. We could see a Weekly Close below the 50WMA to shake everyone out, then have a bullish engulfing the following week to send us to the long awaited promise land we call VALHALLA. In the small chance bulls cannot recover from this, below is a link to my 50WMA analysis that I put out back in February before everyone ran with my work. Stay vigilant folks.
INDEX:BTCUSD
by jonnieking
POTENTIAL BULLISH SHARK HARMONIC ON BTC/USDThere appears to be a potential bullish harmonic pattern forming on Bitcoin. The structure has all the components that could signal a possible market bottom before a blow-off top phase. Sentiment and confluences — including the 0.618 retracement level, suggesting a potential completion of Elliott Wave 2 — are aligning. I’ve outlined my entry levels, stop losses, and take-profit targets for transparency. Wishing everyone good luck with their trades.
COINBASE:BTCUSDLong
by FreedomBuilder
BNB reacts to BTC declines🔍 General Technical Situation: The BNB price has broken below a key uptrend line that has been in place since June. It is currently below the support level of ~1010 USDT, signaling a shift from higher lows to a potential downtrend. 📉 Key Levels: Resistance: 1086 USDT → last local resistance after the trend breakout (a retest from below is possible). 1205 USDT → strong resistance from August and September. Support: 912 USDT → local support (currently being tested). 831 USDT → next support, significant from the August structure. 733 USDT → strong demand zone from June-July. 📊 Volume: In recent days, it has increased noticeably during declines—confirming selling pressure and the presence of large players liquidating positions. 🔄 Stoch RSI Indicator: The Stoch RSI is at the lower end of the chart, close to the oversold zone (around 20–0). This could indicate a short-term rebound, but not necessarily the end of the decline—rather, a potential retest from below the broken trend line (~1050–1080 USDT). ⚠️ Scenarios: 🟥 Bearish (more likely): Price remains below 1010 USDT and rejects the 1080–1100 level in the event of a rebound. Next downside targets: 912 → 831 → 733 USDT. High selling volume suggests a test of lower levels may occur before demand stabilizes. 🟩 Bullish (less likely, but possible): Price bounces from the 900–910 zone and returns above 1010 USDT with confirmed volume. Only a close of the daily candle above 1080 USDT would negate the current bearish signal and could open the way to 1200 USDT. 📈 Summary: Medium-term trend: broken, signal of weakness. Short-term: possible technical rebound from 900–910, but the overall bias remains bearish. Key level to watch: 1010 USDT – a return above this level would be the first positive signal.
by cryptodailyuk
GOLD → Consolidation is narrowing... Price is weakening FX:XAUUSD is trading near $4,000, consolidating after the Fed's statements and awaiting new macro data. The trading range has narrowed to $3,886–4,046, forming a symmetrical triangle (unpredictability) Fed caution: Powell ruled out guarantees of a rate cut in December, which supported the dollar and limited gold's growth. US shutdown: Could become the longest in history, causing economic concerns, but is expected to end this week. Weak data: ISM Manufacturing PMI (48.7) pointed to contraction in the sector, which is holding back the dollar's strengthening. This week, attention is focused on ADP and ISM Services — assessing the impact on Fed rates. NFP (if published) — a key benchmark for the labor market. Accordingly, gold is in wait-and-see mode. Clear signals from the data or the Fed will be needed to break out of the range. The $4000 level remains a psychological equilibrium point. Resistance levels: 4000, 4030, 4050 Support levels: 3956, 3915, 3900 At the moment, the price is far from the key consolidation boundaries, and the market is uncertain. In this case, we are considering trading within the channel. I expect to see a retest of the flat resistance or the triangle boundary and a rebound. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
18
$BTC BEARISH CROSS on the 20 / 200 DMA We had a similar setup at the end of September of 2021 where CRYPTOCAP:BTC then rallied a week later ~75% over the next few weeks. However, every other time this bearish cross occurred in the past, ₿itcoin has spent at least a couple months trying to reclaim the 200DMA. Currently PA has closed the Day below the 200DMA. Bulls CANNOT afford a Weekly close below $106k, which is well outside the DANGER ZONE and .382 Fib GOOD NEWS: An Inverse Head & Shoulders pattern has formed. Bulls need some big volume days to come reverse the localized downtrend ASAP. If not, the 50WMA will be tested ~$103k. If that happens, Bulls must not show any weakness nor allow Weekly Closes below it.
INDEX:BTCUSD
by jonnieking
ETH/USDT 1W Chart📊 Market Structure: Main Trend: Still up (higher lows and highs pattern persists). Current Phase: Correction in an uptrend. Local Trend: Down for several weeks (series of red weekly candles). ⚙️ Key Support and Resistance Levels: Resistance (green lines): 4,753 USDT – recent local high, very strong resistance. 4,373 USDT – previous consolidation level, currently a supply zone. 3,979 USDT – current key local resistance, which previously served as support. Support (red lines): 3,600 USDT – currently tested support level (coincides with the uptrend line). 3,165 USDT – next strong support level (previous local lows). 2,740 USDT – strong long-term support, potential target for further correction. 📈 Trendline: The black uptrend line connects successive higher lows since April 2024. The current weekly candlestick is testing this line (confluence with support at 3,600 USDT). Maintaining this line = still a bullish medium-term scenario. A breakout and weekly close below ~3,580–3,600 USDT → a signal of a possible trend reversal. 📉 Volume: Downward volume is increasing, indicating supply pressure. A lack of strong demand candlesticks = buyers are cautious in this zone. 🔄 Stoch RSI Oscillator (bottom of the chart): Located in the oversold zone (below 20). The %K (blue) and %D (orange) lines are starting to converge → a possible rebound signal in the coming weeks if a crossover occurs upwards. 🧭 Scenarios: 🟢 Bullish Holding support at 3,600 USDT + trendline. Confirmation with a bullish candle with higher volume. Target: Return to 3,980 → 4,370 USDT. 🔴 Bearish: Closing the week below 3,580 USDT (trendline + support). Potential decline to 3,165 USDT, and even 2,740 USDT beyond. RSI and volume suggest that downward pressure remains significant. 📌 Summary: Key level: 3,600 USDT → decisive point for the market's further direction. Short-term: Still downward pressure, but a technical rebound is possible (Stoch RSI). Medium-term: The uptrend has not reversed until ETH closes below the trend line and 3,550 USDT.
by cryptodailyuk
GOLD → Consolidation within a symmetrical triangle The market is holding gold back from strong movement, forming short jumps from zone to zone within consolidation. We have a symmetrical triangle within an upward correction channel. Key supporting factors: The US shutdown is becoming the longest in history, increasing economic risks. China is canceling tax breaks for retailers. Trump may announce new tariffs related to China. ISM Manufacturing PMI data (US) is ahead - a rare indicator during the shutdown. The probability of a Fed rate cut in December has fallen to 69% (from 91.7% a week ago). Technically, consolidation may continue until the price breaks one of the boundaries of the symmetrical triangle. Support levels: 3990, 3956, 3915 Resistance levels: 4030, 4047, 4085 Traders are uncertain about the future direction, and as a result, the market is consolidating. There are limit levels both below and above that are holding back movement. Accordingly, until there is a clear fundamental background, it is possible to focus on trading within the channel. I expect a rebound from 3960 for a retest of resistance. However, a close above 4030 could trigger growth, while a close below 3956 would confirm the weakness of the market and trigger a fall to 3900. Best regards, R. Linda!
FX:XAUUSD
by RLinda
18
EURGBP → Breaking through resistance provokes distribution FX:EURGBP is updating its high as part of a rally triggered by a breakout of consolidation resistance amid a bullish trend The currency pair is in a phase of a confident uptrend (D1), with consolidation forming in the form of a bullish pattern, which generally indicates the strength of the buyer. After breaking through the resistance of the “ascending triangle” consolidation, the currency pair is updating its high to 0.8818 and forming a double top, which is provoking a correction. Before rising, the price may test support. Resistance levels: 0.8786, 0.8818 Support levels: 0.8752, 0.8721 The correction may bring the price to the break-even zone (breakout area). Liquidity capture will shift the imbalance towards buyers, which may trigger a continuation of the upward movement. Best regards, R. Linda!
Long
by RLinda
7
LINKUSDT → A trap? Grabbing liquidity before the fall...BINANCE:LINKUSDT is forming a correction after a bearish run. A false breakdown of support is triggering a correction before a possible continuation of the decline. The coin is testing the support of the trading range within the downtrend. The reaction to the false breakdown of support is a pullback to the zone of interest. After a strong downward distribution, a correction to the break-even zone is forming. A false breakout of resistance at 17.45 could trigger a continuation of the decline due to a weak market and a liquidity pool formed above 17.450, which is likely to stop the pullback on the bearish trend. Resistance levels: 17.450 Support levels: 16.53, 15.77 The downtrend may continue. A retest of resistance may end in a fall and an update of the local minimum, as well as reaching the zone of interest at 15.77. Best regards, R. Linda!
Short
by RLinda
1
Fibonacci levels. Trading corrections.I saw a Lance B video saying that fibonacci is garbage that people use with a confirmation bias, and it doesn't work. (He says, anything besides the 50% FIB). His thesis is that fibonacci is a phenomenum from nature and at some point traders decide to test and apply it in markets. I disagree. Using LOG trend, during corrections, prices respect the fib level ratio . It's math, more or less. I only trade tickers, if the moves are in the correlation with whole market (index). I also think, it's practical only on corrections, bear markets. 🤔 -> When the "key" level breaks, it tests the next level . Which isn't practical due to high variance. -> which means, you build the shorts during last resistance . Where market forces pull over. (50dma death cross as a force). (Your hedge is the inertia from 50dma DC). I think this is a cool, powerful setup to keep it mind. 👏
NASDAQ:QQQEducation
by citsvar
BTC/USDT 1H Chart Short-Term📉 Descending Channel (black lines) The price previously moved within a clear descending channel, which was broken upward. A breakout from the channel signals a change in the short-term trend – from supply pressure to an attempted rebound. From a technical perspective, a breakout from a descending channel often leads to an upward correction, the extent of which is at least the midpoint of the previous downward impulse. 🔷 Triangle Formation (blue lines) After breaking out of the channel, the price formed a symmetrical triangle (consolidation) – a sign of market indecision. Triangles of this type are often trend continuation patterns, but in this context – after a breakout from a descending channel – an upward breakout (i.e., a further upward rebound) is more likely. The key resistance level to watch is $111,145 – a breakout with volume confirmation would open the way to $112,320 and then $113,921. 🧭 Key Technical Levels Resistance: $111,145 – local resistance (upper boundary of the consolidation/triangle). $112,320 – another strong resistance level from the previous local high. $113,921 – major medium-term resistance. Support: $110,442 – lower boundary of the triangle (short-term support). $108,793 – support after the recent bounce. $107,285 – next demand level. $104,969 – bulls' defensive boundary in the broader context. 📊 Stoch RSI (bottom of the chart) The Stoch RSI oscillator is currently in a rebound phase from the neutral level (~40–60). If the lines (blue and orange) cross upwards and enter the zone above 80, this could confirm bullish momentum and a breakout from the triangle to the upside. However, a rejection from 60 and a further drop below 20 would signal a false breakout and a possible retest of USD 108,800. 🔎 Scenario Summary ➡️ Upside Scenario (more likely): Breakout from the triangle to the upside (confirmed by a 1-hour candle above USD 111,150). Potential move to USD 112,300 → USD 113,900. Momentum indicators support a rebound if the Stoch RSI maintains its upward trend. ⬇️ Downside scenario (alternative): Unsuccessful breakout and return below $110,400. A correction to $108,800 can then be expected, and if this level is broken, a further decline to $107,300.
by cryptodailyuk