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0-618

$WANUSDT - The 0.618 paradox of WanchainHi guys! 👋🏻 🔔 The reason why I call this analysis - The 0.618 paradox of Wanchain is because this is the first time I have ever seen than the Fibo retracement and the price of an asset are the same number - 0.618. Isn't that beautiful? 🔔 Check this out 🔔 Wanchain has made important announcements recently in it’s DeFi scope. The launch of WanFarm, XRP integration and a roll-out of the BTC / ETH bridge on the mainnet are only a few to say. Wanchain has developed a full-range DeFi ecosystem within it’s chain offering staking on Storeman Node, on WanSwap and compounding on Wanchain’s compounding DApp WanLend. The mainnet will undergo an important Cross-chain upgrade tomorrow, February 25, upgrading to the Universal Multi-chain Bridges with Shared Staking Assets (for short, Multi-chain Bridges). 🔔 The pair is currently testing an important resistance of $0.8900, the pair might slow it’s bullish run at this point a bit, retrace, and continue the bullish run after breaking above the $0.8900 resistance. The aforementioned level preserves not only static and dynamic resistances but an EMA50 resistance, so be very careful when going long at this point. Wait for a breakout. However if the strong impulse persists, WAN/USD will hit $1.15 once again and more likely will set a new high. 🔔 Currently the pair is below the upper edge of the downtrend channel, so watch for a breakout of this channel and go long. See important levels on the chart. MACD is about to cross the signal line, so buy signal can occur in the nearest time. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
3
FR confirms the uptrendThe application of the Fibonacci Retracement tool produces a remarkable observation which is also an indication that the uptrend is still valid. What is observed is the inability of a downward break of the price level FR 61.8 at the price of 1.3830. In case of a buy order this could be a good Stop Loss level. The fact that the exchange rate is very close to the psychological level of 1.4000, may cause nervousness to market participants. An upward splitting in the FR 23.6 price level at 1.4020 could be considered a safe threshold for a trade.
Long
by UnknownUnicorn214400
Quick Market ThoughtsOkay, so obviously the market is incredibly bullish right now. Tons of bullish sentiment, alts are still popping, BTC and ETH going up in price. Stimulus. Stonks going up. But here is what I think from a TA standpoint on crypto. The 0.618 is a key level of resistance. Right now it is the gateway between staying in consolidation, and going back to all time highs. If we pass the 0.618, it's back to all time highs. You can see that BTC tested the 0.618 much sooner than ETH, and has already tested it several times in the last couple weeks. The good news is that it has been returning to it time and time again, making higher highs and higher lows in the process. It is also consolidating very close to it now, which is great. Consolidation near a level this important is very healthy. It means the market is really, truly testing this level to see if it is time to pass it or not. If it does pass it, it will be very decisive and likely the last time it sees this level for a long time, maybe forever. ETH is testing this level now, and is doing so in a very healthy manner. It looked somewhat overextended yesterday, but now it's just consolidating near it more. It may get rejected, because this is the first true test of the 0.618 it has had since the dump. If it does get rejected, it just means buying back in lower near the 0.382 or 0.236 for some swing trades, or buying at those lower levels with the aim of returning to the 0.618 and/or above. That's about it. Don't get distraught if this level gets rejected, don't be over-leveraging yourself long here, because it is resistance and could dump from it short-term. Remember to stay patient, watch this key level, and be ready whatever happens.
by StayHydrated1
Czy BITCOIN po raz kolejny zatrzyma się na 61,8% fibo? Zbliżamy się do bardzo ważnego wsparcia wynikającego z położenia wewnętrznego mierzenia 61,8% fibo ~ 33200. Warto pamiętać, że kolejny poziom 78,6% również będzie istotny z uwagi na cluster z projekcją FE 161,8%. Wydłużenie Fibonacciego (FE 161,8%) może utworzyć na rynku Bitcoina rozbudowaną korektę pędzącą, co przy tak rozgrzanym rynku jest bardzo prawdopodobne. Wniosek końcowy: na chwilę obecną obserwujemy dwa ważne wsparcia znajdujące się na poziomach Fibonacciego 33200 oraz 30700.
BITSTAMP:BTCUSDLong
by lukasz_fijolek
3
EURUSD: 1DHere we have a 0.618 triangle in price & time preceding a Three Drives pattern at the top. Prices printing lower highs with the RSI forming higher highs, indicating hidden bearish divergences. The stops for this pattern is 2 pips above the 0.786 retracement. At the 0.786 there is a another chance to sell short, this time with protective stops 2 pips above the triangle highs. Furthermore we see divergence appearing on the chart with resistance coming in at a 1.618 extension. Supply can be observed coming in just below the resistance:
Short
by MikulovicFOREX
USDJPY | PERSPECTIVE FOR THE WEEKAfter waiting all week, the US payrolls delivered numbers good enough to rally the Greenback back to its recent high but not strong enough to cushion the negative COVID inspired dent on the US economy. After moving over 200pips in our direction since my last publication on this pair (see link below for reference purposes), price did a correction to form what looks like a Double Top at my Supply zone in anticipation of what looks like a decline in the following week(s). Tendency: Downtrend (Bearish) Structure: Supply & Demand | Retracements Observation: i. Retracement of Impulse Leg culminates at Supply zone with a structure similar to a Double Top after a Bullish run on Friday. ii. The expectation of a Harmonic move (AB = CD pattern) will be high after completion of retracement is confirmed. Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward: 1:5 Potential Duration: 4 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
10
Shorting SPX Now - Divergence/Fibs MatchAll analysis according to the 15M Chart Oversold early and it's losing strength according to the RSI. The pre market resistance turned support level is now at the 618 fib level. It makes sense to short at this moment of the day. Add a MACD and it the momentum is coming to the 0 level after crosing for updward momentum to downward momentum to 0. Seems like it could all be down momentum now. Not that I always rely on the signals from the MACD but the signal line has been signalling sell for a while. It could be time to take advantage of the signal. I'm not proposing much of a stop loss because If the idea does not work, the 3302 level could turn from resistance to support. So I'm personally not giving it much wiggle room.
OANDA:SPX500USDShort
by BodiesXWix
2
SPX To Retest Highs From Early June At .618 Fib Level To Go LongWe've seen a steady increas of SPX (S&P500) Over the last few weeks, This particular level is of great interest as it not only retests the highs from early June and is less than 20 pips from the 618 level of the fib retracement of the most recent higher high and higher low. All whilst still following the channel. If this comes to fruition, we could see a steady climb back of domincance in the SPX/S&P. Added Plus: President Trump speaks today after market close so we could see this news push it in the direction intended for these purposes. Really keep an eye out on this one. A lot will ride on it.
OANDA:SPX500USDLong
by BodiesXWix
Chiliz FINANCIAL FREEDOM [BULL PENNANT]Spotted this potential bull pennant forming on the weekly chart. Timing is everything and timing a market is extremely difficult, however based on the pattern I believe it could breakout sometime in Q4 of 2020. -> 1.618 extension lines up with measured move (at approximated breakout point) -> Lots of buy volume at pennant support line so far -> Patterns like this tend to play out 50-75% of the way through before breaking out (to either direction) Beware that it could sell off before it hits the top of the pennant this time. Trade at your own risk.
Long
by lordlambo
1