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Fibonaccianalysis

BNB / USDT 4H INTERVAL, STOPLOSS AND TARGETSHello everyone, let's look at the 4H BNB to USDT chart as you can see that the price is moving in a sideways trend channel denoted by the white lines. Let's start by setting goals for the near future that we can take into account: T1 = $246.9 T2 = $248.4 T3 = $250.6 and T4 = $253.6 Now let's move on to the stop loss in case the market goes down further: SL1 = $245.2 SL2 = $243.3 SL3 = $240.4 and SL4 = $236.8 Looking at the CHOP indicator, we see that the energy is charged on the 4H interval, while the MACD indicator indicates a local uptrend.
by cryptodailyuk
Daily review of ETH interval 1HHello everyone, let's look at the ETH to USDT chart on a 1-hour time frame. As you can see, the price is moving in the marked channel. Let's start with the support line and as you can see the first support in the near future is $1209, if the support is broken then the next support is $1202 and $1193. Now let's go to the resistance line, as you can see the first resistance is $1216, if you manage to break it, the next resistance will be $1220, $1223 and $1227. Looking at the CHOP indicator, we see that in the 1-hour interval, the energy slowly starts to rise, the MACD indicates a local downtrend, while the RSI is close to the low, we can see a small correction and price rebound.
by cryptodailyuk
Daily review of BTC interval 1HHello everyone, let's look at the BTC to USDT chart on a 1-hour time frame. As you can see, the price is moving sideways and is about to exit the triangle. Let's start with the support line and as you can see the first support in the near future is $16751, if the support is broken then the next support is $16657, $16556 and $16425. Now let's move to the resistance line, as you can see the first resistance is $16868, if you manage to break it, the next resistance will be $16956, $17062, then we can see a rapid rise to $17371. Looking at the CHOP indicator, we see that in the 1-hour interval, part of the energy is strongly charged, the MACD indicates a local downtrend, while the RSI has recovered and there is room for price increases.
by cryptodailyuk
BTC chart in pair to USDT on a four-hour interval.BTC chart in pair to USDT on a four-hour interval. As we can see, BTC has been moving in the sideways trend channel for a long time, moreover, we can mark the triangle with the help of white lines, which we are currently trying to lower down. Now, with the help of Fib Retracement, we will check the support places for BTC in case the price starts to fall and here we can see that we have the first support at the price of $ 16,762, the second at the price of $ 16,666, but stronger supports are at the levels of $ 16,573, $ 16,444 and $ 16,274 which is the location of the last price low. Going further, in the same way, we will determine what resistance the price should encounter on the way to increases. As we can see in the first place we have a strong zone with which the price is currently measuring from $16868 to $16956, only when it breaks out and positively tests the resistance it will start moving towards the second resistance at $17060, then $17374 and $17888. Please pay attention to the volume because you can see that it is not high, but with a predominance of candles on the buyers' side. Next we have the CHOP index, where we see that a lot of energy has been collected, which may indicate an upcoming strong move, while the MACD confirms the uptrend. Let's also pay attention to the RSI on which we can see that the corrections are getting weaker and that there is room for an upward move.
COINBASE:BTCUSD
by cryptodailyuk
ATOMUSDT 1D Interval ReviewHello everyone, welcome to the ATOMUSDT 1D chart review. Using the white line we will mark the trend line, as you can see the price is trying to break through the indicated trend, when it did it did not test it and quickly reversed. Currently, we can determine the local downtrend line with which the price is fighting. As for setting support, we will explore it with Fib Retracement, the first support is at $8.05, when it is broken the next support is at the last low at $5.56. Looking the other way, we have a lot of room for growth, however, the zone from $ 12.83 to $ 17.16 is significant, only when the price goes above this zone, and then positively tests it and establishes a new support, we will see an open road towards the price of $ 22.40, and then $ 31.26 . At the moment, the volume is insignificant, the energy has been used for the last correction, the MACD begins to indicate the entry into a local uptrend, while the RSI after touching the lower limit begins to slowly increase.
COINBASE:ATOMUSD
by cryptodailyuk
Eth - intraday tradingDisclaimer: If you think this chart is a mess, you are wrong. Here, we are dealing with lots of fibonacci lines to find confluence at specific zones we want to trade. As we want to maximize our profits, we want to trade at highest possible risk reward ratio. As this is a game of possibilities, our job is to find specific zone with highets probability to make price reaction. Confluence? Yes, we are looking for that Fibonaci retreace 170.6% Fibonacci extension 1.114% Fibonacci retreace 50% Yellow trendline EMA 200 30min timeframe FVG huge green candle 6 confluences to make a trade. Its never only one thing. 15 min and day is over :) And if you are asking, is it possible that we miss our trade entry? Yes, many times. But always backtest your strategy and find why did you make a mistake. Your future decisions will be better. Happy trading :) Tools: - Fibonacci retreacement - Fibonacci extension - Pitchfork (All types) - Trend lines - RSI - EMA fibonacci numbers If you take closer look, you can see how price respects the lines. Therefore, if the trade analys is good, we can find a place where the top/bottom of the wick will happen, place an entry buy/sell order and let the magic happen :)
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by ETHERVAULT
1
ETH - Range analys - updateDisclaimer: If you think this chart is a mess, you are wrong. Here, we are dealing with lots of fibonacci lines to find confluence at specific zones we want to trade. As we want to maximize our profits, we want to trade at highest possible risk reward ratio. As this is a game of possibilities, our job is to find specific zone with highets probability to make price reaction. As you can see our 1195 local support was valid and price reacted with a huge spike. What caused that spike? Well..we can only discuss about it. First of all, look at the point where price bounced - right on the yellow line. Coincidence? I dont belive in coincidence in trading. Huge spike? Yellow arrow of liqudity pushing price down, late shorters coming in during that big red candle, bouncing from yellow support trend line and pushing price in other direction to collect liqudity above yellow arrow. There is never only one scenario possible...be ready for all of them :) Tools: - Fibonacci retreacement - Fibonacci extension - Pitchfork (All types) - Trend lines - RSI - EMA fibonacci numbers **If you take closer look, you can see how price respects the lines. If the trade analys is good, we can find a place where the top/bottom of the wick will happen, therefore place an entry buy/sell order and let the magic happen :)
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by ETHERVAULT
DGSTACC: SPY MICRO ANALYSIS / CHANNELS CONFIRMATION & SUPPORTS In the chart above I have provided a simple analysis on SPY that takes into consideration channel confirmation estimated by using an average deviation in the two hour timeframe. 1. As you can see previous pennant support has been broken to the down side. 2. Forcing price action to fall down too 375 where price action has seen a STRONG DEMAND before in November. 2. With data from November, if price action is to be supported by 375 this would confirm sideways action is in play with a SUPPLY ZONE AT 390 . 3. Channel up above our current one found support between 390 AND 405 so one can also conclude that SPY likes to move between a 15 POINT DEVIATION month to month. 4. Break down of 375 can push us down into the next fibonacci channel of 360 - 375 .
AMEX:SPY
by DGSTBROKERACC
CRO / USDT 1W Interval ReviewHello everyone, let's take a look at the 1W CRO to USDT chart as the price is currently at the 2020 low and also looking from the 2021 high at around 95% down. Let's start by setting goals for the near future that we can take into account: First, the price has to break through the strong resistance zone from $0.0629 to $0.0876, only then will it be able to move towards the targets: T1 = $0.1071 T2 = $0.1397 and T3 = $0.1723 Now let's move on to the stop loss in case the market goes down further: SL1 = $0.0571 SL2 = $0.0463 SL3 = $0.0376 and SL4 = $0.0288 Looking at the CHOP indicator, we see that on the 1W interval, the energy is used for price decreases, the MACD is close to the intersection, however, it indicates an uptrend, while the RSI has been moving at the lower end of the range for a long time, which may indicate upcoming price increases.
by cryptodailyuk
Daily review of ETH interval 4HHello everyone, let's look at the ETH to USDT chart on the four hour time frame. As you can see, the price is moving above the downtrend line. Let's start with the support line and as you can see the first support in the near future is $1184, if the support is broken then the next support is $1154, $1129 and $1106. Now let's go from the resistance line, as you can see the first resistance is $1217, if you manage to break it, the next resistance will be $1232, $1256 and $1284. Looking at the CHOP indicator, we see that in the four-hour interval, most of the energy has been used and we see a small rest, the MACD indicates a local uptrend, and the RSI indicates a local sideways trend with room for further growth.
by cryptodailyuk
1
Review BTCUSDT on 1D IntervalHello, I invite you to review the BTCUSDT chart on a one-day interval. First of all, it is worth marking the sideways trend channel in which the price has been moving for more than a month with white lines, while locally we can mark the downtrend channel with yellow lines. Now, using the Fib Retracement tool, let's check what resistances should be taken into account, as we see the first support is at 0.618 Fib, which is equal to $ 16593, but if the price goes lower, we have another support at $ 16,102 and $ 15,490. In a situation where these three important resistances fail, we can see a drop to around $13,691. Moving on, let's check the resistance areas for the price and here we can see that we already had an attempt to break the previous high, which we minimally managed to do, but the price quickly moved back to the previously mentioned support at 0.618 FIB. But let's go back to the resistance areas and we see that we have the first resistance at $16857, then we have a resistance zone from $17185 to $17631, when it is broken, the price will try to attack the top and exit the channel, which may open the way to around 19916 $. Let's look at how the moving averages are arranged. the white and blue lines are very close to the red one. When white crosses blue from below and then red, you should observe whether further blue crosses red from below, which may indicate a larger uptrend. However, only when these three averages cross the yellow one, we can observe a bullish uptrend. Further, we can see on the CHOP index that the energy has weakened and confirms the local sideways trend, MACD shows a downward trend, but much weaker than previous weeks, on the RSI we see a rebound and space for another upward move.
by cryptodailyuk
1
LTCUSDT 1D Interval - Resistance and SupportI invite you to review the LTC to USDT chart on the 4H time frame. At the beginning, let's mark the uptrend channel in which the LTC is moving, but what we can see locally is below the downtrend line. As we can see the first support is at $61.91, if the support is broken then the next support is at $55.69 and $47.60. Looking the other way, we see that the first resistance is at $67.14, if it manages to break out, the second resistance is at $70.54 and $73.33, then the price has to go through the strong resistance zone from $76.10 to $80.09, only when the price breaks out and tests it positively, it will be able to continue growing. As we can see, the volume indicates a definite advantage on the part of the sellers, what's more, on the CHOP index we see that there is a lot of energy, adding to this the RSI indicator, which shows a small rebound, we can see a deepening of the correction around the lower part of the channel.
by cryptodailyuk
ETH - USDT, 1D Interval Resistance and Support Hello everyone, I invite you to review the chart of ETH vs. USDT on the 1D time frame. As you can see, the price of ETH has been moving in a downtrend channel for a long time. Now let's move on to checking what support spots we should consider in the coming days or weeks and here we have the first strong support at $1128, but if the price does not hold at this support, we have the next ones only around $885. Looking the other way, we can also move to the determination of resistance points for ETH, and here we have the first significant resistance at the price of $ 1302, the next resistance is at the price of $ 1441, only further when the price goes towards the strong resistance zone from $ 1552 to $ 1666 and we manage to get out of this zone and test positively, we will get confirmation of leaving the downward channel and opening the way to further increases. What's more, we can indicate with the yellow line that the price is locally moving below the downtrend line. As we can see, the current volume is very low with a slight advantage on the part of the sellers, the CHOP index indicates that the energy has been used to correct the price, but we still have room for continuation. The MACD indicates the entry into a downtrend, while the RSI shows a decline, but with room for a deeper correction.
by cryptodailyuk
BTC 1D Chart ReviewHello everyone, welcome to the BTC/USDT 1D chart review. At the beginning, we can mark with blue lines a downtrend channel in which the BTC price has been moving for a long time. In addition, it is worth determining the main trend line using the white line, valid from the previous ATH. Now let's look at what support to consider should we experience a further price correction that is likely, and here we can see that we first have a support zone of $16,593 to $16,095 where the price is currently located, if the zone will be broken, the next support is at $15488, which is the last low, then we can see a drop to around $13,690, at the 1,618 Fib Retracement. Looking the other way, we have the first significant resistance at $17,777, which the price has already tried to overcome twice, only going above the first resistance and testing it positively will move towards the first zone from $19,198 to $21,512, and then to the second very important zone from $23,120 to $25,251. Please pay attention to the CHOP index, which indicates that we have less and less energy, which can give a respite and a local sideways trend, the MACD indicator indicates that we have entered a downtrend, while the RSI is slightly below the middle of the range, which may give an even bigger correction .
by cryptodailyuk
XAUUSD is now confusing peopleYeah, i actually expected if gold will do rebound on 29 Nov 2022. But i didn't expect that it will go in a reverse direction. So, basically in order to forecast the market you must know 3 aspect 1. Fundamental > The cause of effect (it's main correlation and macroeconomics aspect) 2. Technical > The main idea (stochastic, fibonacci, SnR, smart money concept) 3. Timing > The most people don't have idea (financial astrology) If all 3 aspect is toward the same direction...it will be a super accurate forecasting method. But now, it is going super fuzzy when the market is manipulated. When the fundamental asset of gold, which is USD is rising since the fed is hawkish, gold is unexpectedly rising too. Which is doesn't makes any sense. When the technical analysis of gold is definitely bearish overall, it is just kinda don't want to go down (stochastic 5,3,3 going down, but chart pattern is going up again) When the timing is more likely to go down, gold is stagnant at 1750s level with really long wicks (more than 100 pips). Which causing people have a margin call Now, those 3 aspect is just really counter-intuitive each other. according to fundamental it's going down. according to technical it's going up/down. according to timing it's going up So, i don't know anything this time. But i assume it will go down around 1740, then suddenly going really high up to 1773 Hey gold lord...please give us some moneyyy.. Cheers, H. Haidar
OANDA:XAUUSD
by sigmaCEO
DXY (Dollar Index) End Of The Year Full Analysis UpdateTraders and investors, DXY (Dollar Index) is still bullish and may continue to rise up. In the coming days or weeks please pay close attention to the price action before making sort of decisions in the market. Irrespective of the asset class or the market that you are trading, make sure that you are watching dollar as it can change impact your trading plan. In this End Of The Year Full Analysis Update we study some of the scenarios and possibilities which can result in great trading opportunities. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
TVC:DXYLong
by vikinsa
1