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Fibonacci Extension

ADA/USD: Short PositionThis it's my update of my previously analysis from ADA/USD in the early. So, I'm in short position and I analyzed that Cardano touch the 0.618% Fibonacci level and important zone to continue sell. So, I'm bearish in Cardano. I entry around $0.66 cents and I move the SL to $0.72 cents and i will share my possible targets to reach down using Fibonacci extension level. So, I see a good targets between 0.782% ($0.55 cents and 1% ($0.51 cents). So, I will hope to know what happen when ADA reach the target of 0.782% and if this broke down, I hope my completely target toward 1%. So, this trade has a lot potential to earn in this trade. Also, I share in my weekly timeframe a new bearish perspective that I hope to pass in the Cardano price because I see that Cardano has a lot chance to go down to $0.39 cents approx. I hope that this idea support you!!!
BINANCE:ADAUSDShort
by harisonhbn9718
2
DOTUSDT Is getting new liquidity from 1.618 Fibonacci levelthe price is creating a descending channel and it's testing a first demand zone as you can see on the left. On the 4h timeframe, the price is testing the 1.618 Fibonacci level where the price could get new liquidity for the reverse. How to approach? The price needs to grab new liquidity in order to reverse the main trend, 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
12
ETH/USDT : Right above the S/R line! BINANCE:ETHUSDT 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! $ETH has reached the local S/R line and it comes with two possible scenarios : - If $ETH Holds the Support here, Then it's more likely for $ETH to break above the higher S/R at $2600. But the main scenario is still bearish and I'll look for my Short if we get the closings below the marked S/R line. Entries can be separated between $2400 - $2430 - $2460. - Stop-loss should be managed as active management! 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
24
[Bitcoin] Fail to support the bull trend channel..#Crack #Bitcoin #Binance #Daily - This is the appearance of Bitcoin's bearish breakout at the bottom of the blue large bull channel. - It seemed to rebound while keeping the $35,071 closing support level, but it showed a bearish trend again the day before and eventually fell. - In the event of a rebound, it is important to settle upwards of $35,071, and keep in mind that even after an upward stabilization, the bearish trend continues until it breaks above the $37,578 upwards. - If an additional decline occurs, a decline to $31k-$31.6k can be expected, and if the support in the above section fails, it is likely to decline even to $28.1k-$29.8k, which provided strong support. - If the $28.1k-$29.8k support fails, there is a possibility that a bearish departure of the bear flag pattern has appeared from the appearance since November, and there is a possibility that a gloomy period of falling to the simple target price of the pattern of $10k-$12.1k may appear.
by Tommy_Trader
1
CTKUSDT is testing the 0.618 Fibonacci level!The price is creating a descending channel after the rejection from the supply as I told you in my previous idea. At the moment the price got bounced from the 1.13 Fibonacci Ext and the market is going to retest the previous daily support as new resistance exactly on 0.618 Fibonacci level. How to approach? IF the price is going to have a rejection from that area, we could see a new bearish impulse until the monthly support exactly on 1.272 Fibonacci EXT. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
8
BTCUSDT micro double bottom AB=CDBTCUSDT micro double bottom - possible pullback. The price action has been made a wonderfull bear flag structure and the double bottom is in conjunction with an oversold condiction and increased interest in accumulation. My technical analysis is mainly based on Fibonacci ratios in a sequencial AB=CD pattern. Expecting a intraday swing upward in a potential micro bearish CRAB (updates incoming) pattern as a final leg up of this flag. Potential Reversal Zone predicted at 35K level - 14.6-0% Fibonacci Retracement.
Long
by firmestudio
LUNAUSDT time for the retracement?The price created a new ATH as I said on the previous analysis and now got a rejection from 1.27 Fibonacci Ext on 120$ The price is testing the new daily support. How to approach? The price could have a retracement after the latest bullrun, and retest the 0.5 Fibonacci level or 0.618 on 80$. so IF and only IF the price is going to lose the support and had a breakout from the rising wedge, 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
18
THIS WILL LOOK UGLY!!! - I WISH THIS IS NOT THE SCENARIO (AGAIN)Hello Everyone!!! The Idea of BTC to rebound from the Support Line is still there, but if the price action says otherwise, than what could we do?? Just simply react over it. **BTC Idea** Last time I update on this outlook, I was expecting BTC to rebound and re-test to around $44.000 from the Fibo Retracement 0,618. But, we got reject before we can reach that far. Fibo 0,5 seems to be the barrier for BTC having more gain at that time. I'm gonna stick with this Bearish Wave Count from Elliot Wave Theory, and so far, we see a potential for BTC might be testing as low as $33.300, first because of the Support from the wick candle of 24th January. Then, if u using Fibo Extension from Sub-Wave 1 to Sub-Wave 2, then you can have potential target from Fibo Ext 1,00 and it's exactly the same level as the lowest of wick candle from 24th January. I'm not saying it's a 100% guarantee happen, I have the alternative count and I wish I could share to you guys somehow. Perhaps YouTube channel with English Language would be a very good idea. Tell me your opinion in the comment section. This is not a financial advice, it's just my humble opinion and I could be wrong somehow. Good luck for you guys!! God Bless and Cheers!!!
BITFINEX:BTCUSDShort
by Kevin_Sailly
6
ETH Help US find support!!ETH USD Like the US 500, like the BITCOIN and like many other BIGs on the market, it is located in Zona Media Movile 100 (Yellow line). The second Crypto by market cap also has support in the oblique trend line where we will probably meet liquidity in this area. The Support is in the approximate price in the white circle and sees in the area. 1) SUPPORT $ 2'350 However, if it were to go down even more we would find a SUPPORT between 2) $ 1,500 and $ 2,000 we will find other interesting points of entry or accumulation. The resistances are many R1) $ 3400 and $ 4200 (a fairly high price range) and obviously the all-time high R2) near 5k. What do you think, when will ETH and the whole market start again? In what medium? Will we break the resistances back towards 10k? Leave a comment and your opinion. Grow with us LPI.sa
BITMEX:ETHUSD.P
by LPI_Investments
KCSUSDT is testing the weekly support. Reverse is coming? We made more than 12% since my previous idea, now the price is testing the weekly dynamic support after a bearish impulse. On the 4h timeframe, the price is testing the 0.5 Fibonacci level on the daily resistance How to approach? The price needs to have a new breakout from the daily and 4h resistance and retest the resistance as new support, 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
14
BTCUSDT is testing the 0.618 Fibonacci levelThe price is testing the 0.618 Fibonacci level as resistance after the sharp movement. the price could have a rejection from that area after the pullback and got a new bearish impulse. At the moment the market is going to create a new higher low in that area, as you can see on the left, this area is a confluence zone for Bitcoin. How to approach? IF the price is going to have a new rejection from that area, 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
18