Trend continuation. I believe the bullish pullback is over and the long term downtrend should resume shortly. We are currently sitting at the golden Fibonacci ratio and the price is located towards the top of the pullback channel. We can see price testing the top of the channel more than 4 times indicating the buyers are getting exhausted and sellers are very...
Price broke lower bearish trend line resistance and rallied higher last week. The upside target for the breakout (marked with black arrows) hit and found selling interest, or likely profit-taking near the objective. Selling interest also came in as the next upper red bearish trend line was tested.
Price is slipping lower and is likely to test the red 61.8%...
For XRPUSD look for consolidation between .50 and .60 and wait for a break either way... maybe above the top red trend line or the red 61.8% level to the downside.
Buy stops likely placed above the red trend line or sell stops placed with a 61.8% Fibonacci break to the downside.
The head and shoulders didn't workout completely followed by a rise in price over de last days because course was following a rising wedge. Course is coming down and following my exception in two stages being a correction wave, ABC. Still very choppy and hard to make a sound TA. I remain bearish because our bigger picture is a falling wedge till beginning...
It seems to me that we may see some action around the 3rd, after we see the dip in the current Elliott wave of this cycle. I am a designer, and I have created a diamond diagonal grid pattern based on common angles of rise and fall.
TRX is a frog preparing to leap, will we create a new (higher) bottom after the surge settles? I certainly hope so- and I have...
Bullish Butterfly Pattern
- A-B must touch 0.786, but cannot exceed X
- B-C touches 0.382, but sometimes goes further (does not exceed A)
- ABCD formation. D has to reach outside X and touch 1.272 or 1.618
- First TP at 0.618 (Fibo D-A)
- Second TP at 0.382 (Fibo D-A)
- Third TP back to where it all started at top
We can see an ABCD pattern been...
Good day traders
I hesitated putting this idea up because at the moment, BTC might see support and rebound or it might just slip right through the triangle support and head towards the 4800 range. With that being an unknown, I normally would recommend a trade like this after the signal from BTC but with such a short stop at the moment, It’s a low enough risk...
The .618 fib level is known as the golden ratio, a place where usually a lot of buyers will be stepping in.
This .618 fib level of the last run up is at ~7800 USD. Also a big support level ~7600 USD.
Depending on the price action at these levels this could be a good opportunity to build a long position.
- double floor
- measure impulse
- retracement at 0.618
- TP at -0.27 and -0.618
Double Flooe + 0.618 = 2618
There's a perfect support and retest for that double floor that gave us this bullish impulse towards -0.618, at this point a major retracement is needed for further bullish movement, ABCs gave us that by consolidating and reaching 0.786 for...
Verge has tipped the golden correction ratio from the Elliott wave structure it was in.
It bounced back up and managed to get out of the downward channel and it showing bullish signs for the next uptrend/Elliott wave structure.
Lot of FUD but nothing to worry about ;)
"NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up,...
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...