In the monthly we have a price that is over extended. The price is currently rejecting a supply area. As well we have a over extended W formation, so we can expect the price to complete the pattern with a rejection to the w previous leg. if we take fibonacci from low to high we can see that the fibonacci .618 level is align perfectly with estructure. We just have...
NZD/CAD looking to pullback to test resistance and hit 61.8 fib level.
GBPCHF on the 4h chart after the last strong bullish impulse reached the weekly descending trendline. The market starts a retracement move and currently is trading above a minor support area. According to Plancton's strategy If the market will break below and the conditions will be satisfied we will set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣...
Some key levels for RCON. Overall there is a slight parabolic trend as it begins its next leg up but watch out for a retracement short term.
Looking to enter shorts on the back of a broken ascending TL in confluence to the 0.618 fib retracement and previous area of S&R. Lowered risk on this order as we could see a breakout and shift in momentum (in which case I'll look to enter longs).
Mensal + week -It seems to be finalizing a BULL retracement wave Daily - You can see this same retraction wave (monthly + weekly), touching 4 times the trendline support. - Finally at 5 touch broke that same line, and also the moving average of 50 - It is possible to observe the breakage of the horizontal resistance zone, marked through...
the oracle has spoken again, get ready for april 4th. We will see a slight soar in price in the days leading up to 4/4 followed by a price dump. Bulls make money, Bears make money. Play your cards right. Come back to this post April 5th <3 Don't forget to leave REP
Hi Forex Traders, what are your thoughts on this? was thinking of a buy at the 0.38 fib retracement level im relatively new to this (6 months). Thanks :)
I am merely updating this scenario for this Bull run in 2021 for Bitcoin. Bitcoin breakt the top of this Beam bands and retraces down about 48% to 50% to get down to a $66k price and hit the bottom of this channel and then we go for the second peak end of year.
As an ADA holder, and someone who is general long on Cardano... I have loved the CB Pro hype. But I'm also worried that it's only going to delay the inevitable pull back from this last major run. Let's break down the 1 week candles. PAST The run that started last March (2020) ended in ADA being overbought for 77 days. As expected with an overbought...
Looking to enter longs on a pullback to retest key confluences: - Broken descending TR - Previous resistance now support - 0.5 Fib retracement level - Respectable ascending TR
Looks like copper finally reached the top of the 5 wave impulse. We also saw an extended 5th subwave as the very last wave in the 5th wave which is typical in the commodity market. Also RSI didn't create a divergence but that is because of the extended 5th wave. We should see copper come down atleast 25-30% of it's value as a correction from the huge run it made...
Fundamentally: Orion Protocol is a crazy bullish platform. We're approaching quickly the public launch of the terminal and once people realize the game changing utility of a one stop shop, best price, no KCY market aggregator? This will absolutely rip. 3 figures within a couple months wouldn't surprise me at all.... The $ORN team also keep PUMPING out partnership...
Camarilla pivots and CPR on weekly levels. It will likely test the developing purple pivot around weekly close. Because carful if targeting there instead of simply buying because todays price action could alter it to retrace from higher point. average in method might be safer. Also if bbearish can wait for weekly close and sell when it tests the new weekly pivot...
shows the daily pivot which is likely to get tested and the coming weekly pivot that could possibly get tested in the next day barring price action does not make much higher highs before the weekly close. either shorting from l3 entry or buying on the pivot/l3 are both doable stradegies. just remember the weekly retracement is likely to happen even if it gets to...
The combination of the two tools Fibonacci Expansion and Retracement could indicate some important price levels for understanding the mood of the exchange rate. The most important dilemma that arises from this approach is if the last downward movement is considered as a correction of the main trend. Looking at the chart, it seems that Friday's close was...
being about 4k above the developing weekly pivot which recieves price action as a magnet would nearly every time price opens far away from it... I just wanted to post this so that people do not get too ahead of themselves with the weekend price action. It is a common occurance and that being said I would also like to note that there is still another full day+ when...
Hello traders! This is a rising wedge pattern in btcusd. If it breaks the bottom then go for buy on the retracement. It will break 60K. It's not compulsory that rising wedge should break downside. It is also a great bullish pattern that can push the price higher. Good luck traders