Analysis: Gold on its Fibonacci extension has reached full exhaustion. Currently sitting around its physcological level 1490, this too being the 23.6% Fib Retracement level. This too being the long-term outlook currently. Massive in terms of gaining understanding of golden levels. If one does not understand certain importance around key levels, then one will...
- Lower time frames have performed bullish chart patterns - RSI is in the oversold territory and starting to peak upwards - RSI on the H1,H4 & D1 time frames is in the oversold area - Price is currently at a support level so price needs to close below this zone for a break and retest and then entry. - Pennant/Flag chart pattern formed indicating a possible...
After 2 months , ETHEREUM likely break out from down trend. Volume should be increase for taking a position. Watch 190$ level. If ETHEREUM will break 190$ with volume, Price can be try 250$. Buy Stop : 190.56 (volume is important) Stop Loss : 154.33 Take Profit 1: 232.33 Take Profit 2: 254.31 This is not an investment advice. Investment is your own choice.
Never underestimate the fibonacci sequence. . . . Just look at the Milky Way galaxy, it's structured and formation. . . . . . . . Nuff said. .. . . .
Hi all, if you want a great example of fibonnaci, check this out! BTCUSD finally surpassed the $10,000 level! We want to use fibonacci with the movement of the trend, wait for price to have a pullback/retracement to a key level of the fibonacci levels, and place your order corresponding with the trend! Price wicked at the 38.2 level and is a great example of...
Using Fibonacci retracement: SBUX next resistance is $85.75 . If we brake above this line with high volume, it confirms the extended bull trend; meaning we could spend some more time in overbought conditions. RSI and OBV confirm strong uptrend since July 2018. Check weekly time-frame for a clear view.
Considering the lack of retracement for the proposed subwave 4 of the 3, there is the possibility that our big 3 isn't finished yet. If It isn't, the final target for this impulse could be around $0.13 to $0.15 cents. You can find more of my analyses on our twitter twitter.com Or on our french telegram channel t.me
As the USD strengthens in the months to come, expect a rally of the pair to a high of 1.5115
This is a perfect setup of for chart patterns! Left shoulder, head and right shoulder has formed price has dropped to the neckline. Price may break through neckline or bounce off as a correction then break through. Resistance is found @0.71750 whereas Support is located @0.70179 which is also found at the 50.0 fib level. This validates the neckline of the head...
The question on everyone's mind is where and when will Bitcoin bottom. With this analysis I wanted to look at both price and time. The first thing we can see is that Bitcoin has been respecting (closing above on a weekly scale) a trendline from the $63 low in July 2013. This trend line was tested and respected again at $152 Jan 2015 (previous bear market...
Low to high Fib channel retracement shows price breaks 61.8%. Next highly possible support is 78.6% Around 2000-2500 zone. Mid April - May end could be the beginning to BTC bull. RSI in extremely oversold zone.
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After the massive bull candle we had on the 15th of October, the market has been relatively quiet and the global cap has been fluctuating between 208-211 billion for the past 12 days. From a technical standpoint, Bitcoin is looking good at the moment. A few key points: - The trendline has been tested 4 times generally indicating a trend is well defined -...
Within the present correction a bear stand is the only logical position. Sure it can turn over, and with the current volatility it may well go up or sideways. I believe there is still margin for the SPX500 drop at the very least to the 2591, as that is the full Fib retracement of the previous up swing. If Europe opens lower and Japan and China bleed all over there...
Prices have made a retracement of 50% fibonacci as on this chart and stochastic is on oversold zone wich will make a re-follow the uptrend My point of view is buying
Last week Crude Oil sentiment was a bearish one. Looking at the chart, we can expect a continuation of bearish sentiment going into next week. Perhaps on the latter part of the week, we could reach demand level; Therefore we expect price to push back to $73 in the following week. Have a great weekend, folks! Cheers!
Litecoin is at a critical pivot I have been highlighting for a long time in several posts. The 'golden ratio' of .618 Fibonacci resistance which LTC is currently teetering around (now a few dollars below). We need to see a solid extension above this level, which equates to about 163, to establish a firmly bullish perspective going forward as far as technical...