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Fibonacci Retracement

XLM - 1hr Chart TA by GrokAI Given the 1-hour chart of XLM/USD, here's an in-depth technical analysis: Price Action & Trend Analysis: Current Price: $0.449910 USD, showing a recent test of lower levels after a peak near $0.49. Trend: The price has been in a downward trend but seems to be finding support around the $0.45 level. This could be a pivot point for either a bounce back or a breakdown. Moving Averages: 200-period SMA (Simple Moving Average): The price is trading below this long-term average, indicating a bearish sentiment over a longer time frame. 50-period SMA: The price has also dipped below this shorter-term average, reinforcing the bearish outlook in the short term. Volume: The volume appears subdued, suggesting a lack of strong buying or selling pressure. This might indicate consolidation or a wait for a market catalyst. Fibonacci Retracement: The chart shows Fibonacci retracement levels from a recent swing low to high. Key levels to watch: 0.382 at $0.41841100: This could be a strong support level if the price continues to decline. 0.5 at $0.43855500: A test of this level could indicate further resistance or support, depending on price action. Indicators: Stochastic RSI: Positioned below 50, indicating a potential bearish phase or preparation for a bounce if it turns upwards. MACD: While not visible in the provided image, typically, if the MACD line were below the signal line, it would suggest bearish momentum. Conversely, a crossover above the signal line would be bullish. RSI (Relative Strength Index): At 45.57, it's neutral but shows a bearish divergence (price makes higher highs while RSI makes lower highs), which could precede a price drop if support doesn't hold. Support and Resistance: Support: Around $0.418 (0.382 Fib level). If broken, the next support could be lower, around previous lows or psychological levels. Resistance: Near current price levels and above at $0.462 (0.5 Fib level). Strategy: For Sellers: Consider entering on a confirmed break below $0.418 with stops just above this level to manage risk. For Buyers: Look for bullish signals or a clear reversal pattern forming near the $0.418 support, with stops below this level. Market Sentiment: Given the bearish signals from moving averages and RSI divergence, the market might be leaning towards further downside unless supported by volume increase or positive news. Final Thoughts: Always watch for volume spikes which could confirm the current trend or indicate a reversal. Keep an eye on global crypto market sentiment, as XLM often correlates with broader market movements. Use additional tools like trend lines, chart patterns, or other indicators for confirmation before making trading decisions. This analysis provides a snapshot based on the given chart. Always combine technical analysis with fundamental analysis and risk management for the best trading outcomes.
BITFINEX:XLMUSDLong
by jasonciviello
BNB-USDT 4h chart reviewHello everyone, let's look at the 4H BNB to USDT chart, in this situation we can see how the price has moved sideways from the uptrend line, and what's more, we can see how the price is staying on the local downtrend line. Let's start, however, by defining the goals for the near future that the price must face: T1 = $714 T2 = $730 T3 = $743 T4 = $756 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $703 SL2 = $686 SL3 = $672 SL4 = $658 SL5 = $638
by cryptodailyuk
bitcoin hitting 99600 today BYBIT:BTCUSDT bitcoin is now on bull run (maybe a short bullrun) and it can go upto 99600 and if bitcoin able to sustain the bull run it can touch 100k in the next 6 hour. the idea is 0.236 is the point where bitcoin boomed for like 3 to 5 hours after breaking the resistance at 0.236 level so this can happen again. (maybe happen again) why im saying this? see iam also a noob trader, putting 100 dollars with 100X leverage. and just compared the Fibonacci retracement(the golden curve theory idk) so i got something crazy and if it works today. please hesitate to think that it will work everytime and following me will be worth it(clearly not). and yes i didn't forgot to add a '?' at the end of the title. copy this and see TW not allowing me to paste the chart link (not a paying customer) so i have to do this tradingview . com/x/YF6euBnB/
Long
by sahilpatel1
1
GOLD → Breaking the resistance level. Growing interestFX:XAUUSD enjoys interest despite the growing dollar. Geopolitical and economic crisis is the reason for seeking safe harbor. The price is breaking resistance and trying to renew local highs On the first trading day of the new 2025, gold rose along with DXY amid escalating geopolitical conflicts in the Middle East and eastern Europe and rising tensions around the upcoming policies of Trump and the Fed. Traders are awaiting US manufacturing PMI data from ISM and the Fed President's speech due later on Friday for more trade stimulus for the gold price. Support levels: 2649, 2639 Resistance levels: 2675, 2690 A false breakdown of key support areas is possible. If after the false breakdown the bulls hold the defense above 2639 - 2649, gold may strengthen to 2675 - 2690 in the short term. Regards R. Linda!
FX:XAUUSDLong
by RLinda
4
EURUSD → The bears are stepping up the pressureFX:EURUSD continues to form a downtrend. The price updates the local minimum, reaching the target indicated last year :). What's next? Fundamentally, the situation is weak due to Trump's policy towards the euro zone. The strong dollar also increases the bearish pressure on the market. Technically, the priority figure is the downtrend and the previously broken consolidation boundary - 1.033. It is this zone that the price is currently aiming for as a zone of interest. Resistance levels: 1.033, 1.0448 Support levels: 1.022 Both technically and fundamentally the situation is weak, therefore, the emphasis on strong resistance levels from which the fall may resume. Regards R. Linda!
Short
by RLinda
1
LONG: Mahindra & Mahindra on the Rise: Targeting New Highs!🔍 Technical Analysis Report: NSE:M_M Current Overview: 📈 NSE:M_M have shown a strong reversal from its recent low of ₹2,665.55. This recovery is significant as it has crossed the 0.382 Fibonacci retracement level, with the highest reference point being the level 1 Fibonacci at ₹3,214.95. Key Observations: Volume Analysis: Over the past 3-5 trading days, the stock has displayed consistent positive volume, indicating sustainable upward movement. 📊🔼 Critical Resistance: Since mid-June, the stock has been approaching a key resistance level. It briefly breached the 0.5 Fibonacci level yesterday but closed near the 0.382 Fibonacci level. 🚧 Price Movement: Today, the stock opened around the 0.382 Fibonacci level at ₹2,827.10 and is inching upwards. 📈 Technical Indicators: MACD Analysis: The current MACD (Moving Average Convergence Divergence) shows an impending buying crossover. If market conditions stay favorable, we anticipate the MACD histogram turning green tomorrow, reinforcing the bullish trend. 🔄🟢 Target Levels: 🎯 First Target: ₹2,942.15 🎯 Second Target: ₹3,005.10 🚀 Extended Target (if resistance is broken): Around ₹3,100.00 Risk Management: Primary Stop-Loss: ₹2,800.00 to protect against downside risk. ⚠️ Extended Stop-Loss: ₹2,720.85 for those accommodating broader market volatility. 📉 Conclusion: 🟢 If M&M opens in the green tomorrow, this will confirm the buying trend, potentially reaching the target levels mentioned above. However, cautious trading is advised, particularly around the set stop-loss thresholds, to manage inherent market risks effectively. ⚖️ #Hashtags: #MahindraAndMahindra #StockAnalysis #TechnicalAnalysis #FibonacciLevels #MACD #TradingInsights #StockMarketIndia #BullishTrend #InvestmentStrategy #RiskManagement #FinogentSolutions Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading and investing involve significant risk, and you should conduct your own research or consult with a financial advisor before making any investment decisions.
NSE:M&MLong
by finogent
CAKE-USDT 4h chart ?Hello everyone, let's look at the 4H CAKE to USDT chart, in this situation we can see how the price is moving in the local upward trend channel, we are again heading towards the upper border of the channel, which with a slight rebound may result in an attempt to exit the current channel at the top. In such a situation, it is worth moving on to defining goals for the near future that the price must face: T1 = $2,698 T2 = $2,765 T3 = $2,964 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $2,622 SL2 = $2.56 SL3 = $2,453 SL4 = $2,281
by cryptodailyuk
1
Bitcoin Outlook Q1 2025BTC/USDT Weekly Outlook Based on this chart, Bitcoin is showing a strong uptrend on the weekly chart, currently navigating key levels that could determine its secondary trend before continue the next rally!. Here's my technical analysis using trend based fibonacci. KEY LEVELS TO WATCH Support Levels : 1. $94,800 (0.786 Fib). BTC is sitting near this level, which is acting as a short term support zone. Holding above this level keeps the bullish momentum alive. 2. $85,000 (0.618 Fib). This is a more significant support level. A drop to this level would still align with a healthy correction within the broader uptrend. Resistance Levels : 1. $107,000 - 108,000 (1 Fib). The next major resistance BTC needs to break for a continuation of the rally. 2. $120,000+ (1.272 Fib). This is the first target for a breakout beyond the major resistance, I think this is the base target for Bitcoin on this cycle and might as well the top on this cycle. Indicators : 1.Exponential Moving Averages 21&34 showing below the current price on weekly chart indicating a very bullish trend, we could see potential buy when Bitcoin reaching near above the EMA. 2. Stochastic, shows the Bitcoin is overbought, signaling a potential slowdown or minor pullback in the short term. However, in strong uptrends, overbought conditions can persist for weeks, so this isn't necessarily bearish. 3. Volume, the trading volume has been steadily increasing, which supports the ongoing uptrend. Watch for higher volume during breakouts to confirm the move. Scenarios to Consider : 1. Bullish Continuation If BTC holds above $94,800 and breaks past $107,000, the next target would be $120,000+ (1.272 Fib). This scenario aligns with the current trend and market strength. 2. Healthy Pullback A dip to $85,000 (0.618 Fib) would still be considered a natural retracement in the bigger picture. Look for buyers to step in at this level to keep the rally alive. 3. Bearish Reversal If BTC loses the $85,000 support and the moving averages start flattening or turning downward, it could signal a deeper correction or a potential trend reversal, keep an eye for reversal chart pattern and any signs of reversal. Overall, Bitcoin's bullish structure is intact, with the price consolidating near a critical Fibonacci level. While short term corrections are possible, the bigger picture points toward further upside if key supports hold. A breakout above $107,000 opens the door for a push toward $120,000+, but traders should keep an eye on the $94,000 and $85,000 levels for signs of weakness.
by FractalNoise
2
The Year that was and the year that can be. 2024/2025 story.Highlights of 2024: a) Single digit return for Nifty in 2024. Nifty and Sensex rise 9% each. b) Mid and Small Cap both rise 24% each. c) Pharma and Real Estate both rise 40% each. d) Trent, M&M and Bharti Airtel are the best performing Nifty stocks. e) Asian Paints, Indusind Bank and Nestle are the worst performing Nifty stocks. f) Dixon, BSE, OFSS and RVNL are the best performing Midcap stocks. g) Vodafone Idea, AU SFB & Bandhan Bank are top Mid cap loosers. Zones Where Nifty can form base and give closing in 2025. Pessimistic Zone: In case of very negative year and some global catastrophe we can find Nifty forming a bottom between 19922 to 18476. *(Looks very unlikely as of now)* Negative Zone: In case we have a negative closing for the year we may find Nifty closing the year between 21137 to 19922. *(Possible but we might get a bottom here and then the index might move upwards)* Neutral Zone: The combination of Neutral to negative and neutral to Positive zone ranges from 26277 to 21137. Nifty can consolidate in this range. *(These are the lows and high of 2024).* Positive Zone: We can see Nifty making a new high above 26277 and 27880. After which we can see a dip and further consolidation. *(A probable scenario)* Optimistic Zone: In case we have a fantastic year we might see Nifty making a major peak between 27880 and 30060. *(This is a very optimistic scenario and less likely but you can never say never)* Above assumptions of Nifty in 2025 are made based on Fibonacci Retracement applied from top to bottom and Bottom to top on the 2024 candle. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
BTC/USDT 1H chart reviewHello everyone, let's look at the 1H BTC to USDT chart, in this situation we can see how the price is moving in the local downward trend channel in which we very quickly saw a return to the lower border of the channel. Let's start, however, by defining the goals for the near future that the price must face: T1 = $93,246 T2 = $94,045 T3 = $94639 T4 = $95,413 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $92462 SL2 = $91,530 SL3 = $90,550 Looking at the RSI indicator, we see how we entered the downtrend again after dynamically exceeding the upper limit of the range.
by cryptodailyuk
HOVR Heading For New Horizons?! Cup & Handle Set-UpLets break down NASDAQ:HOVR on the Daily Chart! Price from Mid-Sept to Early-Dec outlined the "Bowl" of the Cup and on Dec. 11th, Price made the Retracement to the Golden Ratio Zone to start the "Handle"! Today we have Price printing a STRONG Bullish Candle Breaking the Confirmation of the Cup & Handle Pattern @ .8799! Fundamentally, NASDAQ:HOVR secured a $8.4 Million investment from an "unnamed investor" to help with the advancement of the Hybrid Electric Vertical Take-off Aircraft, the Cavorite X7. -https://tradingview.sweetlogin.com/news/mtnewswires.com:20241220:A3286797:0/ *In order for the Pattern to be Validated, WAIT for Price to Close above Confirmation @ .8799, then we will expect Price to come back down to Retest the Break @ ( .8900 - .8799 ), THEN the Pattern is Validated and we can look for Buying Opportunities!! Indicators: -RSI Above 50 -BBTrend Printing Green Bars -Bullish Volume Building
NASDAQ:HOVRLong
by Novi_Fibonacci
9
VIRTUAL’s Incredible Year: Is a Top in Sight??VIRTUAL has experienced a phenomenal rise in recent months, climbing to rank 36 in the overall crypto market with an impressive $3.7 billion market cap. This meteoric growth is a testament to the strong interest and momentum behind the project. However, as we approach the end of the year, there are signs that a potential top could be forming. Let’s analyse the chart and key scenarios to watch for in the coming weeks. Key Levels and Observations: 1.) Elliott Wave Analysis: The price action suggests we are completing the 5th wave of an Elliott Wave cycle, signaling a potential exhaustion of the current uptrend. Based on the Fibonacci extension of the last corrective wave, the 1.618 level is a critical resistance at $3.8134. A breakout above $3.8134 could open the doors to test the psychological level of $4. However, failure to break this level might confirm the end of the 5th wave and initiate a correction. 2.) Head and Shoulders Formation (Potential Setup): There are early signs of a Left Shoulder formation on the chart. If the price rejects at the 1.618 Fibonacci level, we could see the development of a Head and Right Shoulder, forming a bearish reversal pattern. Confirmation of this pattern would require a clear neckline and increased selling volume, signaling a trend reversal. 3.) Time-Based Correction: A correction could align with the broader crypto market trends as we head into early 2025. Given the potential for Bitcoin to drop to the 84K support zone, this could trigger a sell-off in altcoins, including VIRTUAL. 4.) Overall Market Sentiment: While the broader market has been bullish, a Bitcoin-led correction could drag down the entire crypto market. Altcoins often experience sharper corrections during Bitcoin downturns, which could result in VIRTUAL retracing some of its gains. Volume Analysis: Monitor volume levels at key resistance points (e.g., $3.8134 and $4) for confirmation of breakout or rejection. Market Correlation: Keep an eye on Bitcoin’s price action, as any significant movement could directly impact VIRTUAL and other altcoins. Note: These are my personal thoughts and interpretations of the current market conditions. Please take them with a grain of salt. The crypto market is highly volatile and further data and confirmations are essential before drawing definitive conclusions. Happy trading!
Short
by SiDec
3
Understanding Fibonacci Retracementtool fans will like this one XD Fibonacci Retracement is a popular technical analysis tool used by traders to identify potential support and resistance levels. Based on the Fibonacci sequence, this tool helps traders predict price pullbacks and continuation levels in trending markets. What is Fibonacci Retracement? Fibonacci Retracement levels are derived from the Fibonacci sequence, a mathematical pattern where each number is the sum of the two preceding ones (e.g., 0, 1, 1, 2, 3, 5, 8, etc.). Key ratios from this sequence, such as 23.6%, 38.2%, 50%, 61.8%, and 100%, are used to indicate potential price reversal or continuation zones. How to Use Fibonacci Retracement 1.Identify a Trend: - In an uptrend: Draw the Fibonacci retracement from the swing low to the swing high. - In a downtrend: Draw the Fibonacci retracement from the swing high to the swing low. 2. Key Levels: -23.6%: Represents shallow pullbacks; usually seen in strong trends. -38.2% and 50%: Common retracement levels where price often consolidates or reverses. -61.8%: Known as the "golden ratio," a significant level for potential reversals. -100%: Indicates a full retracement of the trend. 3. Support and Resistance Zones: - Price may bounce or consolidate near these Fibonacci levels, acting as dynamic support in an uptrend or resistance in a downtrend. How to Interpret Fibonacci Retracement Levels -Reversal Zones: - If the price retraces to a Fibonacci level and then resumes the trend, it confirms the level as significant. - **Breakouts:** - A break above or below a Fibonacci level may signal continuation in the direction of the breakout. Strengths of Fibonacci Retracement -Simple to Use:Visual and straightforward for identifying support and resistance levels. -Widely Applicable:Works across various markets (stocks, forex, crypto, etc.) and timeframes. -Combines with Other Tools:Enhances the effectiveness of indicators like RSI, MACD, and trendlines. Limitations of Fibonacci Retracement -Subjectivity:The placement of swing highs and lows can vary among traders, leading to different retracement levels. -Lagging Nature:Like most technical tools, Fibonacci Retracement relies on past price action and doesn’t predict future movement. -False Signals:Not all retracement levels lead to reversals, especially in volatile or news-driven markets. Best Practices for Using Fibonacci Retracement 1.Combine with Other Indicators: - Use with momentum indicators (e.g., RSI, MACD) or candlestick patterns for stronger confirmation. - Pair with trendlines or moving averages to validate Fibonacci levels. 2.Use Multiple Timeframes: - Analyze Fibonacci levels on higher timeframes for broader trends and lower timeframes for precise entries and exits. 3.Set Realistic Expectations: - Don’t rely solely on Fibonacci levels for decision-making. Use them as part of a broader strategy. Example of Fibonacci Retracement in Action Imagine Bitcoin (BTC) last uptrend movement which I'm showing here, and the price moves from $67,000 to $106,000. After reaching $106,000, the price begins to pull back. By applying the Fibonacci Retracement tool from $67,000 (swing low) to $106,000 (swing high), you can identify key levels at $97,000(23.6%), $91,300 (38.2%), $86,700(50%), and $82,100 (61.8%). If the price retraces to $ 91,300 and bounces upward, this confirms the 38.2% level as strong support. (Green line) (shown on the chart) Conclusion Fibonacci Retracement is a valuable tool for traders seeking to identify potential price reversal zones and continuation points. While it’s easy to use, its accuracy improves when combined with other technical indicators and a thorough understanding of market conditions. Practice drawing Fibonacci levels on historical charts to develop confidence and refine your trading strategy. 👉 Follow me for daily updates, 💬 Comment and like to share your thoughts, 📌 And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! 💹✨
Education
by CRYPTONIC_trend
BTC/USDT 4H Chart ReviewHi everyone, let's look at the BTC to USDT chart, looking at the 4h time frame, we can see that the price is moving in a triangle where we are getting close to the exit and taking the direction of further movement. In the short term, we can start by defining potential SLs in a situation where the price continues to correct: SL1 = 94431 USD SL2 = 92902 USD SL3 = 91260 USD SL4 = 88598 USD However, if the price changes direction and the visible green candle starts to gain strength, it is worth moving on to setting goals for the near future, which include: T1 = 96526 USD T2 = 98225 USD T3 = 99528 USD T4 = 101113 USD When we look at the additional indicators, we can see how the CHOP indicator and the RSI indicator are around the middle of the range, which indicates a possible movement in both directions, but here we also have the STOCH indicator, which shows an upward movement below the middle of the range, which in the short term may raise the price a bit more.
by cryptodailyuk