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Fibonnacci

CHZ Re-accumulation, next targetsCHZ is ranging since March 2021 – almost 1 year. Support at $0.20 was tested many times before it breaks and price drops at $0.16. After a couple of weeks of accumulation, price pass through $0.20 to $0.24 confirming in this way the shakeout/spring. The are some long shadow candlesticks between May and June 2021 - an indication that large traders entered the market and moved the price quick and high. Long shadows form the demand area. With the last two weeks accumulation (LTF 4H), it seems that all buying orders in the demand zone ($0.16 – 0.213) is filled. Because consolidation is forming in a long period of time, if we flip $0.80, a conservative target is at $1.50 (161.8% Fib extension) and a more optimistic at $2.36. If you go long near $0.23: Great Risk/Reward ratio: 4.58 (take profit $0.58) – 16.57(take profit $1.50) - 28.34 (take profit $2.36) Stop loss: $0.155
BINANCE:CHZUSDLong
by Rhaonnor
MY FIB SPEED RESISTANCE FAN TRADING STRAT : ) Hi! I'm xtekky and this is my tutorial on how to use the Fibonacci speed retracement tool- I used Apple (AAPL) as an example to display the tutorial. Steps: (1) Open the fib retracement section on the left bar and select the " Fib Speed Retracement Fan" (2) According to your trading style, select the timeframe I indicated in the chart - to begin with - you can then choose the timeframe you are most comfortable with. (2) Define the begin of an uptrend (after last retracement or reversal) and place your first point (3) Define the end of the uptrend (after last retracement or reversal) and place your second point - if there isn't any recent retracements / reversals, you can take previous ones or the highest recent value (4) Define the most relevant percentage (38.2% on this chart) but it may as well be another level - note that fib levels 38.2% and 61.8% are often the most relevant ones (5) Let the stock / crypto test the level once or twice to make sure it holds, you can of course jump in directly if you are confident. (6) Take Longs and Shorts in the "Channel" Advanced: (7) Use momentum reversals (Squeeze Momentum from @LazyBear is the best indicator for me) to define more precisely when to jump in - note that the price doesn't always trade in the channel, there are some false breakouts and/or the price sometimes reverses a bit further. (8) Use volume support / resistance zones (9) Include Imbalances in the prices (If the Crypto/Stock you trade has a high volatility/manipulation rate) If you want more complex tutorial, you can see a more detailed vid on the Ytb profile linked to this Tradingview account Disclaimers: !! This is not an investment advice and you shouldn't use this technique alone !! !! Never invest/trade with more money than you can afford to loose !! ------------------------------------------------------------------------------------------------------------------------------------------------------------ That's pretty much it! don't forget to ask or DM if you have any questions! If you want to follow me on this long journey ahead of us, you can support me by subbing and liking the post ! -Credits to xtekky-
NASDAQ:AAPLEducation
by xtekky
1
PLANETS - BTC : Bullish long term - Buying OpportunityIf Fibonacci levels are respected and the ascending channel should not be broken ... Observe All-Time High at ~ .000009 , which corresponds approximately to the key zone of Fibonacci circles level 3.618 (daily) Maybe a new high at ~ .000023 , which corresponds approximately to the key zone of second Fibonacci circles level (3.618) . Only the future will tell .... PlanetWatch : A great project with fundamentals and a good application for the future. Planets are utility tokens issued on the Algorand blockchain. DYOR. PlanetWatch : A great project with fundamentals and a good application for the future. Planets are utility tokens issued on the Algorand blockchain. DYOR.
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by mrbelgacem
what is next for FANTOM ? 💡As I mentioned in my previous analysis ✔️ target reached 💣 and now the price become close to important resistance area ✔️ if the price breaks the resistance to the upside, we can expect gain 🚀 unless we expect correction for the price to the downside and our target is 38 Fibonacci levels ❌🧨 This is not financial advice, always do your own research. Please, feel free to ask your question, write it in the comments below, and I will answer. 🐋
by MadWhale
10
BTC 2022 PredictionSketched this a few days ago and still going as predicted... As we know, BTC still on the bull uptrend. For 2022 this is my prediction. We are currently sitting on a downward continuation bull flag/downward channel, and within that channel, there is a small flag reversal just right on 61.8% ($44,589) FIB and this could be the pivot point to start moving back up again, although, it could still reach the support level a little under 61.8% FIB at around 41K or so.... worst case before continuing up would be 78.6% FIB at $37954, which as we have seen through history, is normal for BTC. Entering targets: currently at 61.8%, please time the best entry and wait for confirmation or at 78.6% FIB at $37954, please time the best entry and wait for confirmation
COINBASE:BTCUSDLong
by gsotolongo
GBPUSD 1.344437 +0.001% SHORT IDEA * CONTINUATIONHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON THE POUND / DOLLAR * looking for trend continuation on this pair. - Trend continuation , break below looking for continuation pttns with the bears. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Short
by PULEMokhothu