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Fibonnacci

Ethereum #ETH Weekly - Is $10K possible?From past history, when Ethereum goes into oversold territory RSI at 70+ on the weekly chart, the price seems to show a nice pump. See the chart to understand more. There are a few issues to consider as well: 1) We are potentially forming bearish divergence 2) Almost 6 weeks of upside weekly candles 3) If BTC has a correction, ETH will follow Lastly, I drew a few fib levels to watch if a pump occurs, where would we be able to get to. With just about 120% gain from current price levels, we could be seeing almost a $10K ETH. This is all exciting but we do have a few hurdles ahead. What are your thoughts? Comment below, hit the like and follow me. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
KRAKEN:ETHUSD
by MillionaireEconomics
USDTRY Forecast Analysis after the ambasaddor crisis.The easing of the dollar-tl parity after the ambassador crisis seems to test the post-interest level. Falling prices can see buyers at all levels. the demand for dollars has been possible at all levels until now. As Turks, our hope is of course a strong TL, but our belief will be stronger if the decision mechanism does not act against the science of economics. A strong Turkey goal can only be achieved by fulfilling the requirements of economics. FX:USDTRY
Short
by umits
2
Moment of truth - BITCOINHello dear crypto friends! New all-time high or bear market after all? No idea. All I know is that all of Twitter is bullish again and influencers are summoning the moon. Whereas the last remaining bears are looking for explanations. So what to do? Keep it simple! What do we see? Major Gann resistance for next week, price marked. And what else is there? Right, the 0.786 FIB level, which Bitcoin loves for corrections. I'm not a perma-bear, I'm just saying that these two resistances should be overcome before we dream of a new ATH. Stick to facts. Thanks and good trades!
BNC:BLX
by UnknownUnicorn9344165
Waiting Game DOGEUSD: Bullish long term scenarioHello traders and investors, Is Doge ready for the next leg up? If so, let me thank who let the dodge out! Today we are considering the idea of completing a 5 wave sequence (intermediate blue) to reach primary wave 3 (blue). Assuming that Primary 1 was between May 2015 and Jan 2018; Primary 2 was until March 2020 low, the 1.618 Fibonacci extensions, suggested as the first target for a wave 3, would bring us in the region of $2.72. Looking at the intersection with the pitchfork top boundary line, it looks as if we are going to wait until July/August 2023, so plenty of time to accumulate if you love this coin. Let's see how this plays out.
BITTREX:DOGEUSDLong
by Dry-Storm
2
Cardano Counting Waves!!!Hi, Today, I want to specify the location of Cardano ( Counting Waves ). The Cardano is one of my favorite coins😍. Cardano Analyze ( ADAUSDT ) Timeframe 4h ⏰ I have to say, these days, most of the coins are on Corrective Structure , but I am trying to show u at least the Resistances and Supports that exist in front of coins. Location🌊 : Cardano finished Main wave 3 at 2.47$ , then it started the Main wave 4. Cardano is running on Main wave 4 ( Zig zag 5-3-5 ) for about 47 days , and I think that Main wave 4 will take more time from us. The microwave A has finished at 1.051$ ( impulsive== 5 waves ). We passed from microwave B by Rising Wedge . The end of microwave B was at 1.8897$ . Now, we have to find the end of microwave C of Main Wave 4 . I was able to find microwaves 1 & 2 & 3 & even 4 of microwave C , and I think that we are on microwave 5 of microwave C of MainWave 4, right now (if the price goes down less than 1.1550$ , I can say that microwave 4 has finished and we are on microwave 5 of microwave C of MainWave 4). ❗️Also, we can expect that microwave 4 of microwave C of main wave 4 will rest at Time ⏰❗️ I tried to show you our Resistance Zones & Suppor Zones that we have in front of Cardano . Resistance zones on Cardano's way : Resistance zone : 1.42$ until 1.376$ (Resistance + Cluster of Fibs + Monthly Pivot Point ) Resistance zone : 1.59$ until 1.57$ (Resistance + Cluster of Fibs +Contracting Triangle's Target) Resistance zone : 1.76$ until 1.73$ (Resistance + Cluster of Fibs) Resistance zone : 1.928$ until 1.90$ (Resistance + Cluster of Fibs) Support zones on Cardano's way : Support zone : 1.22$ until 1.167$ (Support + Cluster of Fibs) Support zone : 1.049$ until 0.945$ (Support + Cluster of Fibs + Rising Wedge's Target) == Heavy Support My Suggestion : please do NOT buy Coins for Midterm and Long-term investment until the market finds a way or we can wait for the end of correction ( Main wave 4 ). Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe. Good luck
by pejman_zwin
26
AMC, May fall to 35 USD. Be cautious !AMC is too risky to go long now. 0.786 Retracement of last drop proved itself as a strong resistance. It may fall to 35 USD which is the golden ratio Retracement of last rally. please note that lower prices is also possible. Stochastic indicator has made a bearish reversal while its near overbought zone in weekly. I can strongly suggest that at least AMC is not offering an ideal setup to go long. My Recommendation : Do not go long at current prices unless you are a swing trader or you find any other strong reason. Good luck everyone.
NYSE:AMC
by SaeedSajedi
23
QFIN, Strong decilne is on the way !QFIN more than likely has completed a 5 wave motive rally and a high probability decline is on the way soon. Motive 5 wave rally was started from 6.37 USD on Mar 18th 2020 and made a huge progress up to 45 USD terminated on June 17th 2021. Price reacted well and beautifully to strong resistance at 45 USD consisting of 1.618 extension of wave 4 and 0.786 Fibo projection of wave 1-3. If true , decline to 30, 25,20 and 14 USD corresponding to 0.382 , 0.5 , 0.618 and 0.786 Retracements of mentioned rally is possible for now. Later we can choose among these Retracement levels based on internal structure of upcoming corrective wave. Stochastic indicator has already made a bearish reversal in daily time frame while it is in overbought zone in weekly. It suggests that 45 USD all time high may remain the last high for several weeks. My Recommendations: 1- If you are in the trade and you doubt about this analysis, use Multi Unit Trade Strategy and save some profits. It is a very powerful tool for risk management. 2. If you want to go long, Its is wise to wait for a correction completion. It is too risky to go long now. Trade smartly. Good luck everybody.
NASDAQ:QFINShort
by SaeedSajedi
6
Long BtcAs you can see we are currently sitting near the demand, After a pin bar reversal in 4H. Also we can see there is a divergence in the daily chart. Keeping in mind we dont go near 28k where I would be out, I think this might lead us to test 46ish area where we broke down from. Intermediary I would be aiming for the supply, near the last swing high at 40keks. Having said that I would be carefully monitoring the Price Action at 31k area as We can consider it as a triple bottom if we see the last swing down as a fakeout, which is seen on the 4H chart.
Long
by XbtShark
1
SQ, An ideal setup to come! No More Thinking !SQ is offering a text book example of ideal setup to go long ! It is showing a beautiful ABC form of correction with clear subdivisions of wave A, B and C. There is just one leg down to complete the structure of correction. More beautiful is minor final leg down is going to make a fractal 5 wave downgoing impulse itself. Proposed support zones have formed by cluster of different Fibonacci levels of different Elliott wave cycles including 0.382 and 0.50 retracement levels of last impulse rally from 2020 Mar 18th to 2021 Feb 16th ( from 32.33 to 283.19 USD). This last rally is probably wave 3 of larger Elliott wave cycle and we are now in wave 4. We are going to catch upgoing wave 5. Larger Elliott wave cycle wave count will be published separately. I guess that stochastic indicator in both weekly and daily time frames will be in oversold zone when price reaches to support zones which adds another piece of ideal setup trading to SQ. Please Do Not Forgot that we need a bullish sign to go long at every proposed support zone. If true , more than 50% profit is waiting for you. Try not to miss the chance. Good luck every one and enjoy trading.
NYSE:SQLong
by SaeedSajedi
7
💣Double Head and shoulder pattern on BTC💣Still, I think that BTC needs time to start again (UP UP). What is your idea? 🧐 Bitcoin Analyze (BTCUSDT Perp) Timeframe 15min ( Short term ).📉 If you remember Symmetrical Triangle ( Post Topic: 🔥 Bitcoin is on Contracting Triangle 🔥 (Road map)🧐 ), the price was able to break it ( Down ), and now BTC is running at Range Channel (Between 37680$ and 36070$ ) for more than 2 days , after it did Pullback to the lower line of our triangle. In this area, we have a Resistance Zone . Resistance Zone includes Pitchfork's Lines + Yearly Resistance 1 ( 37678$ ) + Cluster of Fibs . Also, I found Rising Wedge Pattern ( The wedge broke down ) + Big Head and Shoulder Pattern (It has a Divergence ( MACD ) between Left shoulder with Right shoulder) + Small Head and Shoulder Pattern (It has a Divergence ( MACD ) between Left shoulder with Right shoulder). My Suggestion : we can wait for breaking our Necking lines (to down ) == Triggers Take profits for Short Positions: Take Profit 1 : 35200$ ( Small Head and Shoulder' Target )== Reward to Risk(RR) is Not Suitable ❌ Take Profit 2 : 33950$ until 33480$ ( Big Head and Shoulder's Target+Weekly Support 1 )== Reward to Risk(RR) is Well ✅ Take Profit 3 : 32500$ until 32380$ ( Support Zone )== Reward to Risk(RR) is Perfect ✅✅ Stop Loss: 37520$ ( Over Right shoulder of Small Pattern ) & 37820$ ( Over Right shoulder of Big Pattern ). Do not forget to put Stop loss for your positions (For every position you want to open) Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the 'like' button 🙏😊 & Share it with your friends, Thanks, and Trade safe. Good luck
Short
by pejman_zwin
6