GS is currently trending down until the highs on the chart are gained.
Very well respected fib on the chart. Here is the fib zoomed out -
I wouldn't be surprised if the gap was filled or the 786 was tested for support.
If the 0.618 is broken then a move to the 0.5 or 0.382 is on the cards.
This chart is a weekly view with targets (orange) and levels of support (cyan).
If bitcoin closes higher then 4100 on the weekly (yellow), I think that bitcoin can move up to test the 4hr range - which is a potential resistance area.
If an uptrend is established then targeting support lost is what I will be doing.
Bitcoin has broken above the trend line I have been watching. For bullish action to continue would need to see close above area on 4hr.
May see a pullback to the trend to retest for support.
MaxxMomentum 4hr squeeze gave good entry for this move, keep an eye on the MM and watch for divergence setup.
I am still expecting 47xx at some point.
I'm watching the NASDAQ as it's approaching an area where I would like to take a short.
I think that it is possible the NQ is still due a violent wave C. This is because the volume on the leg down is much higher than on the rally that has followed.
Therefore I am expecting a failure to achieve a new high followed by a move to down to find support.
If we get a...
Lots of trading opportunities both long and short is how I see litecoin.
Cyan levels are from the weekly and green are from 4hr, and orange are targets.
Litecoin is currently squeezing long on the weekly -
If the white trend breaks i'm watching the levels to see where support is found. I would really like an entry at...
Weekly momentum up during a weekly squeeze.
If price trades above the dotted pink a bullish move up to higher targets is possible (highlighted by pink arrows).
I would keep an eye to see if QTUM makes higher weekly lows + whether weekly squeeze fires long (stops squeezing).
Tesla rejected the 1.618 many times and has formed a strong resistance there, I see current support 260-245.
If price comes down more I would be watching 250-220 range around the green trend.
If Tesla makes a new high and breaks above 1.618 I would target the fib levels above, so the 2.0 first.
Fundamentally I love Tesla and Elon, but I don't trade...
Current support is at 3630 as that is the resistance we broke above. I have the areas we could find support if we close below 3630 highlighted. If bitcoin continues higher targets are in orange and I would still like to see 4730. Trade safe!
Seeing the same pattern here which led to a short squeeze back in April. This also lines up with bullish divergence on the daily + finding support at an expected area.
We may see further continuation downward if bitcoin fails to make higher lows. So the safe play would be to look for longs after resistance is broken. Trade Safe!