My Fibonacci equilibrium is drawn from the last high of the Bitcoin chart on the 12-hour time frame and the middle and main zones are also marked... I showed on the chart that the 200-day moving average band on the 4-hour time frame has been broken and the candles are reaching the 200-day moving average band on the 12-hour time frame to maintain their balance, which is completely consistent with our equilibrium levels... In case of further selling pressure, the candles will reach the daily moving average band, which is in complete harmony with my equilibrium Fibonacci levels....
? Overview: Since early November, FSZ (Fiera Capital Corp.) has been in a clear downtrend, forming lower highs and lower lows. However, recent price action indicates consolidation near the $8.50 support level, forming a symmetrical triangle pattern on the 4-hour chart. This could signal a potential trend reversal. Key Observations: 1. Symmetrical Triangle Pattern: • FSZ is consolidating, with price action compressing toward an apex. • A breakout above $9.00 could confirm bullish momentum. 2. Indicators Point to Recovery: • RSI: Recovering from oversold territory, indicating easing bearish pressure. • MACD: Showing signs of a bullish crossover, with diminishing bearish momentum. • Volume: Low during consolidation. A breakout needs volume confirmation. 3. Moving Averages: • FSZ remains below both the 50-day and 200-day moving averages. A breakout above these levels would validate a reversal. Key Levels: • Resistance: $9.00 (short-term), $9.50. • Support: $8.50. A breakdown below this could target $8.00. Price Projection: • Bullish Case: Breakout above $9.00 could target $9.50 - $9.75. • Bearish Case: Failure to hold $8.50 might lead to further declines, potentially testing $8.00. FSZ is at a critical juncture. If the RSI recovery and MACD bullish signal align with a breakout above $9.00, it could indicate a trend reversal. However, caution is warranted without volume confirmation. Disclaimer: This analysis is for informational purposes only and not financial advice. Please conduct your own research or consult a financial advisor before making investment decisions.
Converging into a corner of a decreasing triangle, looks bullish despite the sentiment
Gold is currently testing a strong resistance zone around $2,658 - $2,676. This level has historically acted as a significant barrier, with prior attempts to break through resulting in sharp reversals. Key points to note: The resistance zone is clearly defined, and price action shows hesitation near this level. A potential rejection from this zone could lead to a pullback towards the support levels at $2,637 and further down to $2,619, as indicated by the green target areas. On the other hand, a breakout above $2,676 with strong momentum could signal a bullish continuation, invalidating the resistance. Trading Plan: Watch for bearish candlestick patterns or confirmation signals near resistance for potential short entries. If entering short, aim for the support targets at $2,637 and $2,619, keeping the stop-loss just above $2,676. In case of a breakout, wait for a retest of the resistance zone as support before considering long entries. ? Risk management remains key—always trade with a clear plan and disciplined execution.
Decreasing tops and decreasing bottoms but converting into a corner of a triangle, looks bullish despite the sentiment.
#FTM has an M harmonic pattern which we can see it in bullish patterns I think this pattern gave us 2 more entry points and can make a big rising wave in the market
Today, I’m writing about Scroll (SCR/USDT). Currently, SCR is trading at $0.97, sitting close to the 0.382 Fibonacci level at $0.913. Based on the technicals, I expect SCR to climb to the 1.618 Fibonacci level, around $3, in the next 2-3 months ?. During the much-awaited altcoin season, Scroll looks very promising.. Why? Scroll has a market cap of $184M, but only 19% of the tokens are in circulation. With strong fundamentals and the rising hype around Layer 2 projects, a 3-4x move from here doesn’t seem far from reality. ? Let’s see how it plays out. ?
? ? Fri Jan 3 ⏰ 10:00am ISM Manufacturing PMI: 48.2 (previous: 48.4) GAP ABOVE HPZ: If we gap above here, its going to bait a lot of traders by a chop OPEN WITHIN EEZ: Now that the slight downside is out of the system. I'm looking for upside down because everyone is extremely fearful GAP BELOW HCZ: Will cause a mechanical bounce back to the weekly Weekly HC #trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
TSLA made a 'M' pattern which is typically seen when an asset has made a top (e.g. SPY, QQQ and BTC). Stock price has declined sharply since. Key support zones in the short term are is between 354 and 345. This is because there is a fib retracement level of 38.2% and gap fill between 354 and 345. This is a high probability zone because this is coincides with the upper trendline of the parallel channel that started at the start of 2023 and price broke through the channel in Nov 2024 before reaching new highs. Furthermore, SMA 50 is also at 345. Should the price pierce through 345 then there is also a secondary support zone between 320 and 312. This is because there is a fib retracement level of 50% (golden ratio) and gap fill between 320 and 312. Remember technicals are all probabilities, price reverse and test all time highs.
NASDAQ:RIOT in hourly frames, Expanding triangle as Minute degree wave ((b)) Ending contracting diagonal as the same degree wave ((c) With respect to these Elliott patterns on the chart, a final decline in the fifth wave of a possible diagonal as wave ((c)) will coming soon! The Fibonacci Target : 9.02 #CryptoStocks #RIOT #BitcoinMining #DataCenterHosting #CryptoCurrency #ElliottWave #WaveAnalysis #ChartAnalysis #ChartPattern #TrendAnalysis #ElliottChart