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Hasboro | HAS | Long at $66.00Hasboro $NASDAQ:HAS. Bouncing in an out of the historical simple moving average (SMA). While it may take a bit for it to spring out and continue its upward trend, it looks poised to do so. However, there is a small price gap that was never closed in the $40's that investors should stay cautious of if the downward trend continues. But a "confirmation" of a reversal will be either a continued move up or a retest of the lower historical SMA band (to close the recent price gaps) followed by a further move up. Fundamentally, NASDAQ:HAS has a high level of debt, but earnings growth is forecasted in its future. At $66.00, $ NASDAQ:HAS is in a personal buy zone, but patient investors may wish to wait for further confirmation of a reversal. Target #1 = $73.00 Target #2 = $81.00 Target #3 = $87.00 Target #4 = $119.00 (very long-term...)
NASDAQ:HASLong
by WorthlessViews
Fibonacci Retracement StrategyThe Fibonacci retracement strategy is a popular technical analysis tool used by traders to identify potential levels of support and resistance in an asset's price movement. These levels are based on the Fibonacci sequence, a mathematical series where each number is the sum of the two preceding ones (e.g., 0, 1, 1, 2, 3, 5, 8, 13, etc.). In trading, the key Fibonacci retracement levels are derived from the ratios between these numbers. Key Fibonacci Levels: The most commonly used retracement levels are: 23.6% 38.2% 50% (Note: This is not a Fibonacci number but is widely included) 61.8% 78.6% These levels are considered potential turning points in the market. Traders use them to spot price pullbacks or corrections within an existing trend. Fibonacci Retracement Strategy: Step-by-Step Identify the Trend: The first step is to identify the prevailing trend. Fibonacci retracements are typically used during an existing trend, whether it's bullish (uptrend) or bearish (downtrend). The retracement tool is used to analyze potential reversal levels within this trend. Draw the Fibonacci Retracement Levels: Uptrend: To draw the Fibonacci retracement tool, click at the lowest point of the trend (start of the rally) and drag it to the highest point (end of the rally). Downtrend: For a downtrend, you reverse the process. Click at the highest point (start of the decline) and drag it to the lowest point (end of the decline). The Fibonacci retracement levels are then automatically plotted between these two points. Look for Price Reactions at Key Levels: After drawing the retracement levels, watch for price reactions at the 23.6%, 38.2%, 50%, 61.8%, and 78.6% levels. These are potential support or resistance levels where the price could reverse or consolidate. In a bullish trend, for example, the price may pull back to one of these levels before resuming its upward movement. Confirm the Signal: Candlestick Patterns: Look for reversal candlestick patterns (e.g., doji, hammer, engulfing pattern) at the retracement levels. Volume Analysis: Higher volume at key levels may indicate stronger support or resistance. Other Indicators: Combine Fibonacci retracements with other technical indicators like the RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), or trendlines for confirmation. Enter a Trade: Buy in a Bullish Trend: If the price retraces to a significant Fibonacci level and shows signs of reversal (e.g., candlestick patterns or oversold conditions), you might consider entering a long (buy) position. Sell in a Bearish Trend: In a downtrend, if the price retraces to a key Fibonacci level and shows signs of reversal (e.g., bearish candlestick patterns or overbought conditions), consider entering a short (sell) position. Set Stop-Loss and Take-Profit: Stop-Loss: Set the stop-loss just below the next Fibonacci level (or below the previous swing low/high) to minimize risk. Take-Profit: You can set your target based on a Fibonacci extension level (e.g., 161.8%, 261.8%) or previous support/resistance areas. Example of Fibonacci Retracement Strategy: A stock is in an uptrend, moving from $50 to $100. A retracement occurs, and the price pulls back. You draw the Fibonacci levels between $50 and $100. The 61.8% level comes at around $61.80. The price hits this level and shows a reversal pattern, such as a bullish engulfing candlestick. The trader enters a buy position at $62 with a stop-loss at $60 (below the 61.8% level) and sets a take-profit target at $110 (next resistance level). Limitations of Fibonacci Retracement: Not Always Accurate: Fibonacci retracement levels don’t guarantee price reversal. They are just potential levels where reversals could happen. Subjectivity: The accuracy of Fibonacci retracement depends on selecting the right start and end points, which can be subjective. Market Conditions: In strong trending markets, retracement levels may be ignored or breached without significant price reversal. Conclusion: The Fibonacci retracement strategy is a versatile tool for identifying potential support and resistance levels in both uptrends and downtrends. However, it's important to use it in conjunction with other technical indicators and market analysis to confirm signals and reduce the risk of false breakouts.
CAPITALCOM:GOLD
by Forex-Swift
BTCUSD Weekly Bearish Risk Looms Amid Low Volume Key Observations 1. Resistance and Pivot Zone: - The price recently tested the $99,800 level, marking a new All-Time High (ATH) in November 2024. - The pivot zone near $92,800–$93,000 appears critical. A daily close below $92,800 could trigger a strong bearish move. 2. Bearish Scenario: - If the price closes below $92,800, a significant drop toward $79,000 and potentially $71,000 is anticipated. - The bearish sentiment is supported by low trading volume, indicating weak buyer participation at current levels. Historical volume trends show stronger bearish reactions in similar conditions. 3. Bullish Scenario: - To maintain bullish momentum, the price must stabilize above $98,800, confirmed by a daily close above this level. - If the bullish trend resumes, potential targets could range between $104,000–$110,000 (above the primary ascending channel). 4. Volume Analysis: - A consistent decline in volume compared to 2021 and 2018 suggests exhaustion in the upward trend. - Low volume after a significant rally often signals a possible trend reversal or consolidation. 5. Channel Dynamics: - The primary ascending channel remains intact. The current price action is near the upper resistance line of this channel, increasing the likelihood of rejection. - Historically, price rejection at the upper channel line has resulted in sharp pullbacks (e.g., 2021 ATH). 6. Demand Zone: - A demand zone is highlighted between $49,000–$64,000, which could act as a major support area in case of a strong bearish move. 7. General Direction: - The broader trend remains bullish in the long term, but the short to medium-term signals indicate a potential correction or consolidation. --- Summary and Next Steps: - Bearish Targets: - $79,000: First key support level. - $71,000: Strong support and possible rebound zone if $79,000 breaks. - Bullish Confirmation: - Stability above $98,800 is required to regain bullish momentum, targeting $104,000–$110,000. - Key Trigger Points: - Watch for a daily candle close below $92,800 for bearish confirmation. - Monitor volume dynamics; increasing sell volume would further validate the bearish outlook.
BITSTAMP:BTCUSDShort
by SroshMayi
4
XRP → ATH is getting close. Consolidation before the rallyBINANCE:XRPUSDT rallies to ATH. The three-year accumulation is starting to realize itself and thanks to a tailwind - Trump, the coin makes a jump of 140% At the moment the coin is in consolidation after the rally. There are no technical prerequisites and reasons for a reversal and fall, the price is accumulating the potential for continued growth. The focus is on the resistance at 1.523 and 1.6300. Breakthrough and consolidation of the price above this zone will provoke aggressive purchases, which may lead to a new impulse. It is possible that the local correction of bitcoin may put a slight pressure on the coin, which in turn before further growth will test the area of 1.4116 (strong resistance from September 2021), or the lower boundary of consolidation - 1.2775. Resistance levels: 1.5234, 1.6300 Support levels: 1.4116, 1.2775, 1.2133 So, since we have a bull run, an ascending channel and a strong consolidation, in this case it is logical to consider buying only, which can be done only from the support or after the resistance breakout. The target in the form of ATH 1.9669 is getting closer and closer :) Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:XRPUSDT ;) Regards R. Linda!
Long
by RLinda
31