Perfect execution of Bearish CRAB Harmonic Patter.
The 1.618 AXA target hit to penny.. Accumulated position at $204 level.
Expect pull towards T1 level of $220 as we are in take profit mode below recent high.
Good luck to everyone and manage trade with proper stops.
Two scenarios for GJ:
1: Price to come down to first level of support on 1h then to push up higher.
2: Price to come down to 4h level of support matching up with 61.8% Fib level then to push up to create a new higher high.
Please use risk management.
Thanks, any comments are helpful.
On the daily, you can see, FIL jumped all the way to the "golden number" (1.618) on the Fibonacci, and has started its decent.
Looking for buy opportunities at retrace back to .618 or .5. Hopefully, we will see $80-$100 range on the retrace.
This may have been the pump for FIL this Alt Season, or could just be the beginning!
Thoughts?...
Thanks for your...
As it is, USDJPY seems it is clearly in an uptrend. However, this uptrend is overextended as indicated by RSI and the steep trendline it has formed. I am expecting a pullback to the 0.236 fibonacci retracement area, where it will meet the acsending trendline. From there we can expect further growth.
In conclusion: Short term sell, long term buy
After the release of their trading terminal, ORN has been in a huge selloff (typical sell the news scenario). However, the retracement has been going on for longer than expected and there is still huge sell volume, causing ORN to be kind of oversold right now. According to Binance's order book depth, there's a huge wall of buy orders at around $17.4, so we can...
Lot of resistance at 250 for dash and oscillator and schotastics saying theres no gas in the tank. Look for a bounce off previous price levels and a temporary move downward.
$PINS
Making higher lows on the daily
Perfect bounce at 618 fib from low of 3/2020
Breakout above most recent 382 fib level. Above 50% we get bully.
Might knock around within the wedge a bit more
MACD peeking green on daily, losing bearish momentum on weekly
BINANCE:ADAUSD
Working mostly from 1D chart and using *fib charts above and below ( 3D, 5D, 8H, and 5H). I will check the lower times for confirmation or signs of momentum. IE: Steep slopes
The Blue line represents the 1D Impulse wave with the estimated correction wave on the end.
I used fib retracements to approximate a potential location of...
BTT has been growing like crazy for the past few weeks, we've hit new ATH after ATH.
After reaching a new ATH this morning, is the end in sight?
If the bullish momentum stops, we might see a retracement back to $0.0042
Hi folks;
GBPNZD pair is making a reversal pattern and we are watching for breakdown and retest because it can approves the right shoulder and then we can get short for this pair till T.P1 , T.P2.
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Hi guys;
On EURAUD pair,we have a nice reversal pattern.for now we can enter to long position till first T.P but it can moves till T.P2.
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Looking to enter shorts on a pullback retesting key confluences:
- Broken ascending TL
- Previous area of support now acting as resistance
- Inner 0.500.618 fib retracement
- MA50 indicating potential shifts in momentum
It seems like a new 'longer term' price path for CANN has been setup with the recent pullback. This could be due to the recent decline in cryptos and the change in rules around crypto mining in China, but that's simply a guess.
The fib. retracement suggests the price may test a new possible resistance area around $30; at that point I would expect another pull back...
Looking to enter longs on a pullback retesting previously broken descending trendline in confluence to the 0.618 fib retracement and previous area of S&R.
