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@FiboMcgazzer
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$BB #BBUSD #BBUSDT #Long #BULLISH
Based on the analysis and plotted harmonic pattern, the potential target price for BBUSDT, following the Crab harmonic pattern, is approximately **1.0843**.
### Summary of Key Levels:
- **X (Low)**: 0.3023
- **A (High)**: 0.7859
- **B (Current retracement)**: 0.6918
- **Potential D (161.8% of XA)**: 1.0843
### Chart Highlights:
- **XA** leg: 0.3023 to 0.7859
- **AB** retracement: 0.6918 (slightly shallow but indicative)
- **BD** (Potential): Extends to 1.0843, which is the 161.8% Fibonacci extension of XA
Caveat!
Given the current trend and potential harmonic pattern, the price could rise to around 1.0843 if the Crab pattern completes as expected. Keep an eye on market conditions, volume, and potential pullbacks at key Fibonacci levels for confirmation and further trading decisions.
Based on the analysis and plotted harmonic pattern, the potential target price for BBUSDT, following the Crab harmonic pattern, is approximately **1.0843**.
### Summary of Key Levels:
- **X (Low)**: 0.3023
- **A (High)**: 0.7859
- **B (Current retracement)**: 0.6918
- **Potential D (161.8% of XA)**: 1.0843
### Chart Highlights:
- **XA** leg: 0.3023 to 0.7859
- **AB** retracement: 0.6918 (slightly shallow but indicative)
- **BD** (Potential): Extends to 1.0843, which is the 161.8% Fibonacci extension of XA
Caveat!
Given the current trend and potential harmonic pattern, the price could rise to around 1.0843 if the Crab pattern completes as expected. Keep an eye on market conditions, volume, and potential pullbacks at key Fibonacci levels for confirmation and further trading decisions.
#BBUSD
Current Price and Indicators:Current price is around 0.7090.RSI values are high (84.7620 on 1D and 95.3918 on 4H), indicating overbought conditions.Volume has significantly increased, supporting the price movement.Moving averages (MA5 and MA10) show strong upward momentum.Potential Retracement Levels:The Fibonacci retracement levels calculated provide potential support levels if the price pulls back.For instance, if there is a pullback, key levels to watch are around 0.6359 (23.6% retracement) and 0.5721 (38.2% retracement).
Conclusion Bullish Continuation Scenario:If the price continues to stay above the 23.6% retracement level (0.6359) with strong volume and RSI remains high but not excessively, the bullish momentum could continue.Breaking above the recent high of 0.7396 with strong volume would further confirm the bullish trend.Bearish Retracement Scenario:If the price retraces and falls below the 38.2% level (0.5721), it may signal a deeper correction towards the 50% level (0.52095).Given the high RSI, some correction is expected to neutralize the overbought conditions.In summary, while the current trend is bullish, caution is advised due to the high RSI. Monitoring the key Fibonacci levels and volume will provide further confirmation of the trend's sustainability.
Current Price and Indicators:Current price is around 0.7090.RSI values are high (84.7620 on 1D and 95.3918 on 4H), indicating overbought conditions.Volume has significantly increased, supporting the price movement.Moving averages (MA5 and MA10) show strong upward momentum.Potential Retracement Levels:The Fibonacci retracement levels calculated provide potential support levels if the price pulls back.For instance, if there is a pullback, key levels to watch are around 0.6359 (23.6% retracement) and 0.5721 (38.2% retracement).
Conclusion Bullish Continuation Scenario:If the price continues to stay above the 23.6% retracement level (0.6359) with strong volume and RSI remains high but not excessively, the bullish momentum could continue.Breaking above the recent high of 0.7396 with strong volume would further confirm the bullish trend.Bearish Retracement Scenario:If the price retraces and falls below the 38.2% level (0.5721), it may signal a deeper correction towards the 50% level (0.52095).Given the high RSI, some correction is expected to neutralize the overbought conditions.In summary, while the current trend is bullish, caution is advised due to the high RSI. Monitoring the key Fibonacci levels and volume will provide further confirmation of the trend's sustainability.
$ALT/USDT
$Tradingfutures
$Short
Entry 0.31600
Probability may correct
TP - 0.28
- 0.27
- 0.26
$Tradingfutures
$Short
Entry 0.31600
Probability may correct
TP - 0.28
- 0.27
- 0.26
