I hope this is the final leg down, and after this the bull market will come back.
Today we had yet another dump, and I've cleaned up my graph and tried to make something out those Fibonacci's.
0.382(7.1USD) was resistance two times.
0.618(6.3USD) was resistance two times.
0.786(5.8USD) was support two times.
Once 0.786 was broken through with ease, 1(5.1USD) was...
As some of you may know I am new to all of this. I have been a gut-trader for the past 2 years and back in December, I made the decision to try and learn how TA works.
Now coincidentally, this happened to concur with the GME pre-MOASS/SS/Gamma squeeze taking off.
I took this as an opportunity to draw on the chart of the most-discussed stock of the past...
Just learnt about Fibonacci retracements and I'd like to fill the ideas list with more bullish bullsh*t (pun intended).
For the period Apr 19th - Mar 13th (catching 2 ATH's), I see the following levels:
0 43k - tested as support on Feb 28th.
0.236 47.6k - tested as support on Feb 23, resistance on Feb 26-27, support again on Mar 3 and 5-6.
0.382 50.4k - tested as...
I'm a noob and would like some feed back on this daily chart set-up and analysis. To me looks it like zm has broken out its downward channel since october highs, broken a little resistance at $400 and has momentum going into earnings on 3/1/21, possible entry on the next pullback? Feed back and criticism would be greatly appreciated. Thank you.
There appears to be an Adam & Eve reversal pattern forming on the XRP charts. The volume fell during the Eve curve and could continue to head up after the resistance breakout 1.
Note: The environment is very volatile, there is the possibility that prices during the Eve formation test the Adam low/high before completing the reversal, a pattern failure here could...
Please note that this is my attempt to learn trend based Fib Extension and need feedback.
Based on Fib extension the next target is 767 obviously after the current green candle is validated
The prices are distinctively out of the Tenkan and there is ample support
Hey, got a few thoughts about stupidity. I want to make an idea about logic too which is something I guess few people have, but it is eliminatory.
For the idea about logic you'll have to wait. Here I will gloat about some very easy calls people disagreed with and have now been proven right, and I will also shame dumb people.
Ah the sweet smell of victory.