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Fibonacci Extension

Trust Wallet TWTUSDT - The most bullish altcoin + Triangle!- TWT is currently one of the most bullish altcoin on the market as you can see on the weekly chart. - We have an ascending triangle - very bullish pattern and you can buy now or buy a breakout above the neckline. - The platform was acquired by Binance in July 2018. - The full Trust Wallet team is not public, but it is known to comprise over 20 individuals — many of which have overlapping roles at Binance. - Profit target is around 10 USD (1.618 FIB extension from Wave (1) -> (2)). - If we check the volume indicator, we can see there is absolutely no bearish pressure, which is good to see! - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
3
GALA/USDT : Right above the last local support BINANCE:GALAUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $GALA has formed a local bottom at $0.05 and the local low is at $0.049. The current structure has some similarities to our recent $ADA's chart on 12H TF which has given us more than %50 profit. Now if we compare the movements, We can see that If $GAL breaks below $0.049 with a hold, Then you can locate your Short towards $0.03. 📚 Most of our current calls have higher than 2.5R and it's good to trade, But all you need to know is, That as we're trailing stop-losses to entry after 0.5R profit, Then you need to focus on your accuracy; You need at least 52% accuracy and the golden accuracy for our strategy is to hold it above %60! Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
13
[Bitcoin] Convergence upward breakthrough!! Resistance LVL?#Crack #Bitcoin #Binance #1D After the progress of the two large trend continuation patterns, convergence appeared again, but the bullish breakout with a strong bull candle. In the big picture, resistance can be expected when the orange long-term support line has moved bearish, and when it rises again, resistance is expected. We can expect resistance around $24,189.88, where the orange trend line and the light blue Fibonacci trend extension level of 0.382 overlaps, and we can expect resistance at $25,890 in case of overshooting. If we look at the chart a little closer, there is potential for resistance on the orange long-term trend line, so we will respond with the possibility of a bullish channel in mind, despite the upward breakout of the convergence. If you look at the first picture, it is a bullish channel with a narrow fluctuation range drawn as a wave created after the bottom is perfectly formed. In this case, there is a resistance section at $22,856-$22,984 below the orange long-term trend line. We can expect a bullish trend towards $15,507 or $11,497-$10,909. If you look at the second picture, we see the possibility of a bullish channel with a large fluctuation based on the high made during the 13day decline. In this case, after breaking through the orange long-term resistance line, resistance remains open to the $25,890 level mentioned above. If $25,890 resistance is found, it is necessary to check whether the orange long-term trend line is supported or not, and if the support is successful, the possibility of continuing the bull trend should be left open. We can expect a drop to $10,909. - summary From a long-term perspective, the important intervals are $25,890.65 and $24,189.88. From a short-term perspective, the important intervals are $22,856-$22,984, $25,890.65 When resistance occurs at $22,856-$22,984, sell response after checking whether the bullish channel has broken After resistance at $25,890, if support succeeds at the orange long-term trend line (near $24,189.88), buy response; if support fails, respond sells.
by Tommy_Trader
1
AUD/USD Technical AnalysisAfter the Ukraine war started Australian dollar made an attempt to break the daily market structure to the upside as Australia is a top commodity country, but failed to break structure and found resistance at the 0.76 area and formed a double top. Since then the price went back to a downtrend and formed another low. I expect the price to follow the Fibonacci extension levels and move even lower on the medium-term outlook. For better entry prices lower time frame analysis will be appreciable.
Short
by alicanuz
ETH target levels for this heavy sell-offhi friends. so finally we lose 1700 and 1300 supports :( bad news for ETH.and bad fundamental news for it too where MERGE upgrade overdued. no problem we see an ending wave C and we are compliting it. but remember these levels are good for buy but we should pay attention to macroeconomic news and happens. if inflation in USA and EUROPE dont go down wave C will be extend by time... but we consider inflation record a high and start to go down. after that we have a strong support that is overlaping 4 fibo levels for W(e) from wave C this overlap area including: 1)38.2% retracement from past impulsive W(1). 2)200% retracement of W(B) between W(A) and W(C) that show in (a b c in circle) 3)261.8% retracement of W(b) from W(C) or W( a b c d e) 4)161.8% trend based fibo from W(a) projection from end of W(b) that shows W(e) levels. this support level is in price around 980 $ and if we lose it too we can go lower to around 620$ support.we have fibo overlap levels here. these levels are 361.8% & 200% and 50% from past impulsive wave. best strategy to buy in these levels and conditions is to buy 3 step or 4 step if we see signs of end correction we can buy a step. i think these levels are so amazing levels to buy step by step. be careful of your capital (NOTE!!! this post is not trade or invest advise. its just my own opinion. please invest in your own strategy and dont forget to set stop loss.) thank you for support.
Short
by TraderAmin-KZ
4
SXPUSDT wants the 0.886 Fibonacci levelThe price got a rejection from the 4h resistance at 0.44$, the the price had the dynamic daily resistance as well. Now the price is testing the previous resistance as new support above the 0.786 Fibonacci level. How to approach it? IF the price is going to lose the support and retest it as new resistance, we could see a bearish impulse until 0.886 Fibonacci level, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
4
KAVAUSDT is testing the 0.618 Fibonacci levelThe price is testing the 0.618 Fibonacci level on the 4h timeframe after a bounce from the 1.4$ support where the market created a double bottom. The price lost the 4h support at 1.9$ and retest it as new resistance. how to approach it? IF the price is going to lose the local 4h support at 1.7$ (on 0.618 Fibonacci level) and retest it as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
10