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Fibonacci Extension

BTCUSDT wants to retest the 0.5 Fibonacci level The price is testing the 0.618 Fibonacci level on the monthly support (29k) On the daily timeframe the price is testing the 0.382 Fibonacci level as resistance. on 4h timeframe the price is creating a symmetrical triangle. How to approach it? IF the price is going to have a breakout from the 32k 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 🦐
Long
by InkyGrip
20
EURUSD H4, BREAK ABOVE 1.0806, TARGET 1.0936-1.1021 AREAAs Expected, EURUSD still rebound, move away from its low. As I said in the previous idea : "So far, EURUSD still rejected from1.0340. While Above 1.0340, Potential Rebound to target 1.0635 & 1.0800." Now, EURUSD is still in Consolidating Around 1.0591 & 1.0806. 1.0806 is its former Strong Support, now acting as its Strong Resistance. Break Above 1.0806, would Open The Way To Test 1.0936-1.1021 Area. Strongest Resistance at 1.1495, its Triple Top. But, if EURUSD Break Below 1.0591, then would Retest 1.0348. Strongest Support at 1.0348, its Double Bottom.
Long
by Wahyu_Luck
Nifty Important levels and trading plan for Thursday 09.06.22For any opening between 16340 to 16400 a bullish trade can be initiated, if nifty crosses 16400 level with a positive price action in 15-minute time frame. 16448 and 16481 will be the initial resistances. Next resistance levels will depend on price action only. Nifty crossing 16324 level without crossing 16364 level before, a bearish trade can be initiated. 16275 and 16194 will the immediate levels of support. Between 16400 to 16340 it is no trade zone for Nifty for tomorrow. Considerable OI is found in 16500, 16600 and major oi is present at 17000 level for CE side and for PE side 16300 has highest OI, followed by 16500 and 16200. A channel is also visible in 75-minute time frame, which may act as support and resistance.
NSE:NIFTY
by rahulbora11
Nifty Important levels and trading plan for Wednesday 8th June 2With flat or small gap down opening, if nifty crosses 16410 and sustain then a bullish trade can be initiated. 16481, 16557 and 16612 will act as major resistance, for any gap up opening of more than 50 points need to wait for price action to complete for an entry. With flat or any opening below 16416, nifty crossing 16409 level with negative price action (in 15-minute time frame) a bearish trade can be initiated. Major support levels will be at 16364/16348, 16294 and 16217. These support level will only be applicable when nifty reaches those levels without breaking 16416. For any gap down opening of more than 100 points need to wait for proper price action. A channel is also visible in 75-minute time frame, which may act as support and resistance. Important points- 1. Nifty tomorrow with narrow CPR. 2. RBI meeting (6 to 8 June 2022) Considerable OI is found in 16500, 16600 and major oi is present at 17000 level for CE side and for PE side 16300 has highest OI, followed by 16500 and 16200.
NSE:NIFTY
by rahulbora11
SCUSDT needs to create a new Higher highThe price bounced exactly on 1.618 Fibonacci Extension and now the market is testing the 4h resistance on 0.382 Fibonacci level. The price needs to create a new bullish impulse on 0.006$ and create a new Higher High. How to approach? If the price is going to have a breakout from it, 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 🦐
Long
by InkyGrip
8
[Ethereum] Is it really the bottom?? Will it fall more?#Crack #Ethereum #ETHUSD #Binance #Daily - Ethereum is testing the support of the section $1,651.51-$1,786.12, which provided strong support from May to July of 2021. - The Fibonacci expansion of the bear trend was supported by the 0.618 level, and VP was made, but the 0.618 level support failed in the bear trend that appeared the previous day. - The possibility of further declines should be kept in mind because of the bear trend that emerged while making a VP at the centerline of the ongoing bear trend. - If the bear trend proceeds, we can see the possibility of a bear trend to $658.95-$752.49, where the 1st level of the Fibonacci extension of the bear trend is located at the bottom of the bear trend. - If the support of the strong lows fails at $1,651.51-$1,786.12, it is highly likely to turn into strong resistance, so it is better to avoid buying in the long term. - If the $1,651.1-$1,786.12 support is successful, we can expect a bull trend to break out the $2,160.98-$2,301.88 resistance, which is located at the bottom of the bullish channel. - If a settlement is confirmed after breaking out the $2,160.98-$2,301.88 resistance, it seems that a long-term buy response can be attempted. - As the current rsi candle indicator continues to show low signals, a trend reversal can be expected. As mentioned above, in the case of a failure of the $1,651.51-$1,786.12 support, a long-term bear trend can continue.
BINANCE:ETHUSD
by Tommy_Trader
1
EURUSD H1, ABOVE 1.0591,TARGET 1.0674 -1.0806As expected,EURUSD hit 1.0635. As I said in the previous idea, "So far, EURUSD still rejected from1.0340. While Above 1.0340, Potential Rebound to target 1.0635 & 1.0800." For now, while Above 1.0591,EURUSD Still Bullish. Open The Way To Target 1.0674-1.0806 Area. 1.0459-1.0591 Neutral Area, Short Term Consolidation. But, Below 1.0459, would Cancel EURUSD Short Term Bullish. Open The Way To Retest 1.0348. Below 1.0348 Would be a Strong Bearish.
Long
by Wahyu_Luck