tldrdaily.news logo
Tag

Fibonacci Level

All articles tagged with #fibonacci level

cryptocurrency1 year ago

Quant Open Interest Peaks, Eyes New Price Target

Quant (QNT) has seen a significant increase in open interest, reaching an eight-month high of $22 million, as the altcoin's price surged by over 15% in 24 hours. This bullish momentum is supported by technical indicators like the Chaikin Money Flow and MACD, suggesting potential further gains towards the 1.618 Fibonacci level at $142. Additionally, positive funding rates and reduced exchange netflows indicate strong market sentiment and anticipation of continued price increases.

via AMBCrypto News|
#bullish-trend#cryptocurrency#fibonacci-level
natural-gas-forecast2 years ago

Natural Gas Prices Volatile Amidst Market Bounce and Weather Forecasts

Natural gas markets experienced a significant plunge but showed signs of a potential rebound. The market is currently in a state of uncertainty, with traders factoring in the possibility of a recession. From a technical analysis perspective, the market is near the 61.8% Fibonacci level, which has previously acted as support. However, the overall energy market is becoming increasingly volatile, and it remains to be seen if natural gas can escape this trend. If the market breaks below the current support level, the next target could be $2.00.

via FX Empire|
#fibonacci-level#market-trends#natural-gas
finance2 years ago

Gold Price Forecast: Bullish Momentum Continues as Gold Surges Above $1,900

Gold markets bounced back after finding support near the $1915 region, with the 200-Day EMA and 61.8% Fibonacci level acting as strong support levels. Traders are advised to look for buying opportunities as long as the market stays above the 200-Day EMA. The initial target is set at $1950, followed by the 50-Day EMA and the $2000 level. However, a breakdown below the 200-Day EMA and $1900 level could lead to a move down to $1800. Overall, value hunters are expected to return to the market repeatedly.

via FX Empire|
#200-day-ema#fibonacci-level#finance