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Fibonacci Retracement

GBPJPY → Ahead of a rate hike in Japan...FX:GBPJPY intends to continue the current bearish rally. The price temporarily stops at the 197.00 zone for a short respite before falling further. The market is expecting an interest rate hike in Japan... Price breaks the bullish market structure and then confirms the bearish one, indicating a change in the global trend. Volatility is rising in Japanese markets, with the Bank of Japan expected to discuss a rate hike this week and consider a plan to halve government bond purchases. This is a strong scenario for the strengthening of the national currency, traders are reducing the number of short positions this time. Technically, the focus is on the level of 197.2, this zone splits the market into two zones. Accordingly, price consolidation below this level will be the starting point before the rally. Support levels: 195.8, 193.8, 191.8 Resistance levels: 197.2, 198.75 Both fundamentally and technically everything is steamed towards further decline. The actions of the Central Bank of Japan affect the rate quite strongly... Rate, share your opinion and questions, let's discuss what's going on with ★GBPJPY ;) Regards R. Linda!
Short
by RLinda
5
GOLD → Bulls hold the defense. Retest of resistance...FX:XAUUSD is strengthening from 2370 and testing the resistance of the actual local trend. Dollar in range ahead of news... Traders are waiting for Wednesday and the FOMC conference, where they may discuss atcual situation on inflation and monetary policy, as well as Fed Interest Rate Decision, where most likely the interest rate will remain at the same level, but may make a good hint on a soon decline.... Gold on D1 is consolidating above the support line, which generally determines the future prospects for us. Locally, the bulls hold the defense above 2370, forming further growth, within which they break the resistance of the local triangle, but the price is held back by the global descending channel. It is not excluded that the price may test 2377-2370 before further growth, but at the moment the focus is on the nearest resistance zone. Support levels: 2377, 2370 Resistance levels: 2391, 2400 Fundamentally, everything is quite positive for gold. Technically, the price is in consolidation, as traders are not ready to take serious actions early. But, all the attention is on the resistance, if the bulls manage to break 2390 and consolidate above, we will have a good chance to continue the growth. Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
16
Advance Enzyme: Prempting a Cup and Handle Breakout!🚀 Advance Enzyme: Prempting a Cup and Handle Breakout! 🚀 Current Market Price: 425 Stop Loss: 330 Targets: 540, 640, 740 Advance Enzyme is on the verge of a significant move, showing signs of a cup and handle breakout. A monthly close above 429 could mark the end of a nearly 2-year consolidation, setting the stage for a big rally. A large wick in the chart suggests that strong momentum could come above 510. Additionally, a clear double rounding bottom pattern on the line chart indicates a potential breakout above 430, supported by the Fibonacci 62% level. 📉 Risk Management: Ensure to manage risk with a stop loss at 330. 📊 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions. Exciting times ahead! #MarketAnalysis #AdvanceEnzyme #TechnicalAnalysis #CupAndHandle #InvestmentOpportunities #BreakoutTrading
NSE:ADVENZYMESLong
by satyam15
MKR-USDT 4HHello everyone, I invite you to a quick review of MKR in pair with USDT on the 4H time frame. Let's start by discussing the movement, because we can see the upward exit from the local downtrend channel, which resulted in maintaining the upward trend line. Currently, you can see that the price is approaching a significant resistance level of $2,986, when it breaks above it, the next resistance is at $3,256, and then a very strong resistance at $3,446. However, if the current resistance rejects the price, we can see strong support at $2,688, further support at $2,419, and very strong support at $2,229.
by cryptodailyuk
STORJ / USDT → Wedge breakout with trend change target BINANCE:STORJUSDT shows positive dynamics to the change of trend and the beginning of bullrun. The coin is moving to the phase of implementation of a pattern that can change the direction of the market. Bitcoin sets the general trend of the cryptvault market. The general fundamental background, which is formed around BTC and ETH sets positive prospects for other altcoins, which can still surprise us. Technically, STORJ is coming out of consolidation and is essentially entering the distribution phase. A false break of the key resistance is formed, which can be broken after the next retest. High probability of a small correction before a subsequent attempt to break through this zone and enter a new range of 0.500 - 0.900. Resistance levels: 0.4882, 0.6034 Support levels: 0.5 Fibo, 0.3530 The task of the bulls is to keep the defense above the key support, if it succeeds, the next target will be the breakout of resistance and bullrun. Regards R. Linda!
Long
by RLinda
1
ETHEREUM → False breakdown of MA-200 could lead to a BULLRUN ↑ BINANCE:ETHUSD in the correction phase, testing zones of interest (0.5 fibo and MA-200), forming a false breakdown, which in general can lead to a strong upward movement supported by strong fundamentals. Fundamentally, ETH is quite positive. ETH-ETFs were launched on July 23 and continue to gain momentum. The correction, which has been observed for the last two days is mainly due to the outflow from GrayScale (exactly the same scenario was with BTC), also a slight pressure is created by the situation with Mt.Gox, but against the background of BTC transfers to exchanges and their distribution among its debtors, bitcoin is strengthening, such behavior of the flagship indicates support for eth. Technically, the price is forming a correction to 0.5 fibo relative to the bullish momentum as well as a retest of the Daily MA-200, forming a false breakdown with a fairly aggressive buyback, indicating the presence of a strong buyer who is not ready to go down beyond $3000. Resistance levels: 3357, 3540 Support levels: 3200, MA-200 The main task of the bulls is to keep the defense above the zone of interest at $3200. Further it remains to wait for resistance retest with the purpose of its breakthrough and further bull run to $4000 - $4500 - $4900. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD Regards R. Linda!
Long
by RLinda
15
BITCOIN → Intend to test 74K but what's next? ↑BINANCE:BTCUSD is strengthening by 25% from the intermediate bottom and after retesting the support of the classic “FLAG” pattern. The fundamental and technical background is positive enough to consider further price growth July 9 Idea: BITCOIN → Fear in the crowd is a bullish sign ↑ Flag and SFP Fundamental Situation: the market is waiting for the launch of ETH-ETF on July 23, which could be another positive lever for the cryptocurrency market. Trump, who has recently become a strong supporter of cryptocurrencies, is increasing his chances of re-election. If he wins, the market will take it very positively. Well, and other local nuances: High-ranking politicians in the U.S. are reconsidering their views on bitcoin. SEC is also smoothly changing its position towards cryptocurrencies. Technically, a classic bullish FLAG pattern is forming on d1. The nature of the range is consolidation. At the moment there is a high probability of retest of strong resistance 71700 or ATH retest, but only after the retest of these zones it will be possible to follow the formation of prerequisites for the breakout of global resistance 73800. Resistance levels: 67250, 71750 Support levels: 63800, 59300 Technically, the price is now in the channel 67250 - 63800. The situation is favorable for resistance breakout, which will open a new way to the nearest resistance. Now we can't say about possible ATH renewal. It is necessary to keep watching how the price will approach the key boundaries of the range. In the mid-term I consider a breakout of 67250 with further growth to 71700-73800. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;) Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
43
USDJPY → Weak dollar + intervention = bearish trend ↓FX:USDJPY breaks the 157.7 zone after a small consolidation. Powell's comments about more progressive deflation favor the market, the dollar is falling on this background and the end is not seen yet... Fundamentally, the weakening dollar and the ongoing interventions of the Central Bank of Japan have quite a strong impact on the exchange rate, but it is worth being careful. Previously, this market reaction was quickly bought out by traders who still have little faith in the continued strength of the JPY. Technically, if the dollar continues to liquidate, such a strong fall could bring the currency pair down to global lows. There is a strong liquidity zone ahead. Possible activation of orders in the risk zone, which may provoke a pullback before a further fall or a strong impulse, which without a pullback will knock out all market participants and the price will fly downward Resistance levels: 157.18, 157.7 Support levels: 154.5, 151.86 At the moment everything is obvious, fundamental and technical nuances are telling about further decline. We should pay attention to the nearest zone of liquidity and price reaction. Regards R. Linda!
Short
by RLinda
4
XRP → The moment before “to the moon” ↑BINANCE:XRPUSDT is the strongest of the market. As ETH & BTC fall, ripple is holding quite positively as traders are starting to believe in growth amid rumors... Ripple CEO recently said that he expects a legal resolution to the situation between the SEC and Ripple “very soon” Many are speculating that the SEC's closed-door meeting to finalize the case against Ripple could take place today - July 25. Against this backdrop: Trading volumes are rising, price is hitting local highs, whales are accumulating XRP Technically, it is worth paying attention to the 0.6378 - 0.5712 range. If breaking the resistance fails, the price may test liquidity below the support before subsequent growth. Resistance levels: 0.6378, 0.7440 Support levels: 0.5712, 0.5100 If the trial finds its denouement, it will give a second life to the coin. A break of the range resistance - 0.6378 will open a new path.... Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:XRPUSDT ;) Regards R. Linda!
Long
by RLinda
25
MKR - USDT 12h IntervalHello everyone, let's take a look at the MKR to USDT chart on a 12h time frame. We can see here how the price has moved upwards from the downtrend line, maintaining the trend of the uptrend line, while currently we can see a movement in the local downtrend channel. After unfolding the fib retracement grid, you can see that the price is at the support level of $2,557, then it is visible at the support level of $2,269, and then there is strong support around the price of $1,781. Looking the other way, there is resistance at $2,793, the next one is at $3,278, and then there is a very strong resistance at $4,085.
by cryptodailyuk
1
BTC : Fibonacci Grid Time and Space only exist between two points. You can build an entire grid system using only two points, and multiples of the distances between those two points. On a price and time scale, this can be useful in establishing critical levels used to assist us with trading. Which two points you choose can unfold entirely different results. In this example, two relatively recent points were chosen to maximize accuracy and effectiveness of the grid in relation to the most current candles. This idea is presented using the 2Day timeframe to allow the display of the entire history of Bitcoin. Finding the two points used to build this particular grid structure is as simple as locating the intersection of price level 0 and time level 0 (0,0), and the intersection of price level 1 and time level 1 (1,1). Multiples of the vertical distance between the two points are extended vertically on the price scale, and multiples of the horizontal distance between the two points are extended horizontally on the time scale. Within these unitary extensions, Fibonacci-numbered levels are specifically highlighted as vital extension levels based on the two chosen points. Don't forget to also view the chart using the linear price scale for an alternate perspective. Any two levels on the same scale can be further divided if needed to assist with action on smaller scale frames : For more information on how Fibonacci levels can interconnect and overlap, see this shadow-banned educational idea : Finally, thank you to my followers and to those who enjoyed viewing these ideas. Please feel free to give them a boost if you like them. // Durbtrade
INDEX:BTCUSD
by Durbtrade
9
DOT - USDT 1DIntervalHello everyone, let's take a look at the BTC to USDT chart on a one-day time frame. We can see that the price has moved sideways from the downtrend line, but there is still movement in the smaller downtrend channel. Let's start by determining the support line and as you can see, the first support in the near future is $5.37, if the support is broken, the next support is $3.94. Now let's move on to the resistance line, as you can see the first resistance is at $6.87, if you manage to break it the next resistance will be at $8.08 and then strong resistance at $10.09.
by cryptodailyuk
DOGE → The bulls are overcoming resistance. Trend change?BINANCE:DOGEUSDT is breaking trend resistance and on W1 the bulls have kept the price above the risk zone. Prospects are emerging for a possible rally.... The 0.1-0.05 area is the bottom of the market. Strong accumulation is forming in this area. The price left it back in the spring, but the recent retest showed that the bulls are not ready to let the price beyond 0.106, which generally determines the medium-term prospects. On D1, the price is breaking the trend resistance of the Wedge pattern, forming a small rally to 0.1437. If the bulls hold their positions and defenses above 0.126 - 0.1200, the market will retain its bullish phase, thus we can soon see a breakout of the local high with a subsequent rise to ATH Resistance levels: 0.1437, 0.1657 Support levels: 0.126, 0.12 There is no fundamental analysis, but technically there are good prospects. Various services are showing a spike in whale activity in DOGE, which could signal as increased interest. I expect a positive outcome from the bulls with a subsequent rally to the zones of interest Rate, share your opinion and questions, let's discuss what's going on with ★ DOGE ;) Regards R. Linda!
Long
by RLinda
6
BNB-USDT 1D Hello everyone, I invite you to review the BNB to USDT chart on a one-day time frame. As we can see, the lines of the main upward trend and the downward trend intersect, creating a triangle in which the BNB price remains. Let's move on to determining support and here, after decomposing the FibRetracement tool, we see support at $548, then we have strong support at $513, and then very strong support at $455. Looking the other way, we will define the resistances in a similar way and here we can see how the price has approached a very strong resistance around $620, only when we manage to go up from it we will be able to see an increase to around $723.
by cryptodailyuk
Alikze »» DYM | Descending channel🔍 Technical analysis: Descending channel - It has been moving in a downward channel in the daily time frame, which continued to correct until the green box after the channel broke. - It is currently located on the roof of the second channel. With the defeat of the region, it can have goals close to 1.56-1.95. - In addition, if it can be above 1.56, it can touch the ceiling of the previous channel of 2.34. 💎 Alternative scenario: if it faces selling pressure at the top of the channel, it can continue the correction to the bottom of the descending channel in the range of 0.78 by breaking the green box. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:DYMUSDT
Long
by alikze