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An even bigger inverse h&s pattern appears on ALGOOn our way to hit the 2 targets I posted about previously from former inv h&s neckline breakouts, algo has now brought price action above an even higher inverse head and shoulder neckline. Stoch RSI is pretty over extended at this point so it would not surprise me at all if we see a dip back down to retest the neckline or even a few wicks or a candle close below the neckline before we are ready to validate the breakout above this new neckline. Of course, it could also just decide it wants to pump all the way to our next measured move target with no correction at all. I will keep hodling, but if I was leveraged i would dial down a good portion of my leverage after hitting the previous targets and try to add it back in upon a successful retest of the new neckline as support…if we do dip below the neckline as long as it holds the 50ma as support any dip below should be temporary. We maintain overall support on the 50 and then solidify support on the white neckline here we will likely validate another inv h&s breakout by the time algo’s golden cross occurs. *not financial advice*
COINBASE:ALGOUSD
by DrDovetail
1
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart, in the 4 hour timeframe. As you can see, the price is moving below the local downtrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,445, if the support breaks down, the next support is $ 19,217, $ 19,035 and $ 18,854. Now let's move to the resistance line as you can see the first resistance is $ 19,871, if you can break it the next resistance will be $ 20,871, $ 20,501 and $ 20,706. Looking at the CHOP indicator, we can see that in the 4-hour interval the energy has been depleted, the MACD indicator shows a local downward trend. It is also worth adding that the volume is getting smaller and we have the first small green candle.
by cryptodailyuk
AVAXUSDT 1D TARGETS and STOPLOSSHello everyone, let's take a look at the 1D AVAX to USDT chart as you can see the price is moving above the local uptrend line. Let's start by setting goals for the near future that we can consider: T1 - $ 18.74 T2 - $ 21.01 T3 - $ 23.32 T4 - 25.35 and T5 - $ 28.14 Now let's move on to the stop loss in case of further market declines: SL1 - $ 16.53 SL2 - $ 14.14 SL3 - $ 12.22 SL4 - $ 10.16 and SL5 - $ 7.43 Looking at the CHOP indicator, we can see that in the 1D range the energy has increased significantly, and the MACD indicator shows a downward trend.
by cryptodailyuk
BNB / USDT 1D INTERVAL, Resistance and SupportI invite you to review the BNB / USDT chart, this time on a one-day intervale. As you can see, the price after a few attempts overcame the tendency. Currently, we can see that we are moving in a triangle marked with yellow lines. Now let's move on to marking the places of support that we can take into account in the near future. And as you can see, we have the first support at $ 331, the second support at $ 321, the next at $ 312 and $ 298. Likewise, we mark the places of resistance for the BNB price, and here we see that the first resistance is at $ 351, if we manage to break it, we have the second resistance at $ 367, the third at $ 380 and the fourth at $ 392. It is also worth adding that the current places of resistance create a strong resistance zone for the price and only after breaking it we can expect bigger increases. Please take a look at the CHOP index, which indicates that energy is starting to rise, while the MACD indicator shows an upward trend. However, we can see that the blue line is starting to turn back and when it crosses the red one from above it will confirm the trend shift to downtrend.
by cryptodailyuk
1
LTCUSDT 1D Interval - Targets and StoplossHello everyone, let's take a look at the 1D LTC vs. USDT chart as you can see we managed to come out of the first trend and we are currently moving above the local uptrend line. Let's start by setting goals for the near future that we can consider: T1- $ 76 T2- $ 87 T3- $ 98 T4-114 $ and T5-134 $ Now let's move on to the stop loss in case of further market declines: SL1- $ 65 SL2- $ 60 SL3-56 $ SL4-52 $ and SL5- $ 47 Looking at the CHOP indicator, we can see that in the 1D range the energy has been used, while the MACD indicator shows an upward trend.
by cryptodailyuk
1
BNB / USDT 1D INTERVAL, Support AND ResistanceHello everyone, let's take a look at the BNB to USDT chart in 1D intervale. As you can see, the price came out of the sideways channel and is currently hovering over the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 335, if the support breaks down, the next support is $ 320, $ 308 and $ 296. Now let's move from the resistance line as you can see the first resistance is $ 361, if you can break it the next resistance will be $ 374 and $ 390. Looking at the CHOP indicator, we can see that the energy has been used on the 1-day intervale, and the MACD indicator shows an upward trend.
by cryptodailyuk
Speculative double bottom on digibyteDigibyte has done nothing to show that its about to reverse its downtrend yet, however we are starting to see the inklings of a possible double bottom forming. This is still so early in the pattern that its almost pure speculation on my part at this point. You should never try to trade a pattern until it has confirmed either a breakout or a breakdown. Although this could easily end up a fakeout that sends digibyte lower continuing its downtrend, with so many alts recently seeing bullish surges there is certainly a chance this double bottom could end up playing out. If it were to it would be close to a 180% gain from this level. WE can see there is also a possibility here in the near future of a golden cross. The fact that many other alt coins have recently seen successful golden crosses with QNT leading the way, gives us bullish confluence that increases the probability that digibyte could also experience a successful golden cross in the near future. Still mostly speculation at this point, but just enough bullish confluence to keep an eye on this one and see how it develops. *not financial advice*
D
by DrDovetail
1
Matic nearing a potential golden cross. 2 current bull targetsIf the golden cross occurs and sustains itself, we should see both of these bullish targets hit in the near future. We are currently above the yellow neckline and would reach the yellow target first. On the way there it would take us above the white channel, and flipping that channel to solidified support would validate its breakout and take us to the white price target. Best to keep an eye on the top trendline of the white channel as it is imperative that we flip its current resistance to solidified support in order to reach either target. *not financial advice*
COINBASE:MATICUSD
by DrDovetail
2
MATIC / USDT 1D chart Targets and StoplossHello everyone, let's take a look at the 1D MATIC to USDT chart as you can see the price is moving above the downtrend line. Let's start by setting goals for the near future that we can consider: T1 = $ 0.98 T2 = $ 1.04 T3 = $ 1.21 and T4 = $ 1.44 Now let's move on to the stop loss in case of further market declines: SL1 = $ 0.88 SL2 = $ 0.77 SL3 = $ 0.69 SL4 = $ 0.60 and SL5 = $ 0.48 Looking at the CHOP indicator, we can see that in the 1D range we have more and more energy, and the MACD indicator shows a downward trend, but it turned sharply up when it crosses the red line from the bottom, confirming the upward trend change.
M
by cryptodailyuk
Daily review of BTC interval 1DHello everyone, I invite you to the BTC / USDT review on a 1 day interval, as you can see locally the price is above the uptrend line and above the first trend. Let's move on to determining the support as you can see the first support zone in the near future starts from $ 20,225 to $ 19,974, while the next support zone is much larger and starts from $ 19,295 to $ 17,640. If we look the other way around, we'll set the points of resistance and in this situation the first resistance zone starts from $ 2790 to $ 21119, while the second resistance zone starts from $ 22,510 to $ 23,675. Please pay attention to the CHOP index which indicates that in the 1D interval most of the energy has been used, and the MACD indicator indicates that we are close to a downward trend change.
by cryptodailyuk
Will DOGE switch to the CARDANO network?Hello everyone, let's take a look at the 1D DOGE to USDT chart as we can see the price broke the trend marked with the white line. Let's start by setting goals for the near future that we can consider: T1 = $ 0.151 T2 = $ 0.180 and T4 = 0.260 Now let's move on to the stop loss in case of further market declines: SL1 = $ 0.134 SL2 = $ 0.117 SL3 = $ 0.105 and SL5 = $ 0.092 Looking at the CHOP indicator, we can see that in the 1D range, the energy slowly starts to rebound, and the MACD indicator shows a local upward trend.
by cryptodailyuk
MATIC / USDT 1D chart Resistance and SupportHello everyone, let's take a look at the MATIC to USDT chart on the 1D interval. As you can see, the price moves in the sideways channel and locally above the uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.88, if the support breaks down, the next support is $ 0.83, $ 0.78 and $ 0.74. Now let's move from the resistance line as you can see the first resistance is $ 0.96, if you can break it the next resistance will be $ 1, $ 1.04 and $ 1.07. Looking at the CHOP indicator, we can see that the energy is slowly increasing in the 1D interval, while the MACD indicator shows an upward trend, but the blue line is close to the red crossing from above, which could confirm the trend change.
M
by cryptodailyuk
1
ADA/USDT TARGETS AND STOPLOSS 1DHello everyone, let's take a look at the 1D ADA to USDT chart as you can see the price is moving in the downtrend channel, however locally above the uptrend line. Let's start by setting goals for the near future that we can consider: T1 - $ 0.4047 T2 - $ 0.4267 T3 - $ 0.4499 and T4 - $ 0.4829 Now let's move on to the stop loss in case of further market declines: SL1 - $ 0.3986 SL2 - $ 0.3853 SL3 - $ 0.3719 and SL4 - $ 0.3531 Looking at the CHOP indicator, we can see that in the 1D range the energy has been depleted and is slowly starting to rise, while the MACD indicator shows an upward trend.
by cryptodailyuk
ETH - USDT, 1D Interval Targets and Stoploss Hello everyone, let's take a look at the 1D ETH to USDT chart as you can see the price is moving above the downtrend line. Let's start by setting goals for the near future that we can consider: T1 - $ 1,632 T2 - $ 1766 T3 - $ 1,904 T4 - $ 2099 and T5 - $ 2,342 Now let's move on to the stop loss in case of further market declines: SL1 - $ 1463 SL2 - $ 1,340 SL3 - $ 1,241 SL4 - $ 1142 and SL5 - $ 997 Looking at the CHOP indicator, we can see that in the 1D range the energy has been used, while the MACD indicator shows a local upward trend.
by cryptodailyuk
4
ETH - USDT, 1D Interval Resistance and Support Hello everyone, let's take a look at the ETHUSDT chart on the 1D interval. As you can see, we managed to leave the downtrend channel upwards, and we are currently moving over the local uptrend line. Now let's move on to the designation of the support line and as you can see the first support where the price is currently at is one thousand five hundred and two dollars, if the support breaks down, the next support is one thousand four hundred and forty dollars, the next one thousand three hundred ninety six dollars and one thousand three hundred and forty three dollars. Now let's move on to the resistance line, as you can see, the first resistance is sixteen hundred and twelve dollars, if you can break it, the next resistance will be one thousand seven hundred and twelve dollars, the next one is one thousand eight hundred forty-six and two thousand and forty-one dollars. Please look at the CHOP index, we can see that on the one-day interval, energy is at the very bottom, and the MACD indicates an upward trend.
by cryptodailyuk
1
TOMOUSDT - 1dchart - resistance and supportHello everyone, I invite you to review the TOMOUSDT chart on a one-day interval, as you can see the price is moving in the downtrend channel marked by yellow lines. It can be noticed that currently the price is on the spot of the June low and is slowly starting to accumulate. Now let's move on to drawing a resistance line that price has on its way, and as you can see, the first resistance is at thirty-five cents, the second resistance is at thirty cents, and the third resistance is at twenty-six cents. Then we'll look at what resistance TOMO has in its path when it starts to rise, and as you can see, the first resistance is forty-four cents, then forty-nine cents, the next one is fifty-two cents and fifty-six cents. It is worth paying attention to the CHOP index, which indicates that energy has been used and is in the accumulation phase, and the MACD indicator indicates a local upward trend.
T
by cryptodailyuk
CRO / USDT 1D Interval- support and resistanceHello everyone, I invite you to a short 1-day CRO / USDT review. At first, we see that price has been moving along the uptrend for a long time, but from the top to now we are below the downtrend. Please note that we are moving briefly in the downtrend channel marked with yellow lines. Now let's move on to determining the support that price has in the event of a further decline, and as you can see, the first support is at ninety-six thousandths of a dollar, another at eighty-seven thousandths of a dollar, seventy-nine thousandths of a dollar, and seventy-two thousandths of a dollar. Next, we will set the points of resistance in the same way, if the price changes direction and starts to rise. The first resistance is at one hundred and eleven thousandths of a dollar, then at twelve cents, the next one is one hundred and twenty-seven thousandths of a dollar, one hundred and thirty-four thousandths of a dollar, and one hundred and forty-five thousandths of a dollar. Please look at the CHOP index, which shows that we have more and more energy, and the MACD indicator, which indicates that we have entered an upward trend.
by cryptodailyuk
1
MATIC / USDT 1D chartPlease take a look at the MATICUSDT 1 day chart, as you can see the trend line has broken out and we are currently in the local sideways trend channel. Now let's move on to the price support line, and as you can see, we have the first support at seventy-five cents, the next support at seventy cents, sixty-six cents, fifty-nine cents, and fifty-two cents. Now let's see what resistance price has to face, and the first resistance is eighty-one cents, the next one at eighty-six cents, eighty-nine cents, ninety-four cents, and one dollar two cents. Now please note the CHOP index which indicates that energy has been used up and the MACD indicator shows that we are close to entering a downtrend.
M
by cryptodailyuk
2
ADA/USDT 4H INTERVAL - resistance and supportAs we can see, the price is moving below the downtrend line. Looking at the chart in the longer term, we can see that currently the price is in the support zone of thirty-seven cents to thirty-one cents. Looking the other way, let's designate a resistance zone from forty-five cents to fifty-one cents. However, it is worth designating points of resistance that the ADA must overcome before it reaches the long-term resistance zone. As we can see in the near term when the price leaves the support zone over the top, we have resistance at thirty-nine cents, another resistance at forty-two cents and forty-four cents. In the short term, the CHOP index shows that the downward movement has stopped and there is some energy left for the new one, and the MACD indicator shows a local downward trend, but you can see how the blue line is slowly starting to turn.
by cryptodailyuk
BNB / USDT 1D INTERVAL, Support and ResistanceHello everyone, let's take a look at the BNB to USDT one day chart. As you can see, the price is moving above the downtrend line. Let's start with the designation of the support line and as you can see the first support in the near future is two hundred and sixty dollars if the support is broken, the next support is two hundred and forty-two dollars and two hundred and sixteen dollars. Now let's move to the resistance line, as you can see, the first resistance is two hundred and eighty-eight dollars, if you can break it, the next resistance will be three hundred and twenty dollars and three hundred and fifty-three dollars. Please note the CHOP index which indicates that the energy has been used up, and the MACD indicator indicates that we can shift to an uptrend.
by cryptodailyuk
1