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1daychart

FET in a sizable inverse head and shoulder pattern.We can see that the right shoulder on the FETUSD chart has just now been completed and is retesting the neckline of the inverse head and shoulders for the 1st time upon its completion. Usually in these situations lately especially in the early phases of the bul market, we have seen several other cryptos do a headfake on their first attempt at breaking above the neckline of an inverse head and shoulder pattern..some times even 2-3 fake out breaks before the inevitable real breakout…so there is then a reasonable possibility that this could see at least 1 correction or pull back before the legitimate breakout up from this pattern. In the sideways market we would sometimes get as many as 5 head fakes before the real one…in phase 1 of the bull 2-3 but if we are entering phase 2 of the bull we may see these kind of patterns start to trigger with only one head fake and ossicle no head fakes at all. If it were to confirm a breakout here soon without any pull backs then the measured move target should have it heading to a 2x or so somewhere around 1.12-1.20. I plan on accumulating a little here just in case. If we are fortunate enough to see a pull back before the official breakout I plan on accumulating more then as well because at that point the gain will be more than a 2x once it occurs. *not financial advice* Always a chance that it gets rejected and dips below the head of the pattern too thus nullifying it…but that Din of thing hasn’t really happened since the sideways market so it. Is quite a low probability.
COINBASE:FETUSD
by DrDovetail
2
BTC 1DInterval ChartHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-day interval. First, we will use blue lines to mark the local upward trend channel in which the BTC price moves at the upper limit of the channel. Then, using the yellow lines, it is worth defining the local channel, the exit from which can result in an increase of around $41,000. Let's start by checking where the price should have support and here the significant level is 0.382FIb at the price of $36,030, and then there is a strong resistance zone from the level of $33,084 to the level of $31,521, if the price dropped to around this zone it would be a healthy recovery in line with with cyclicity. In this situation, we will move on to checking the current place of resistance and here, after unfolding the Trend based fib extension grid, we have a visible strong resistance at the level of $44,411, but here we will unfold the grid again, thanks to which we can see that the place of previously determined resistance is in the strong resistance zone from $41,668 to $45,427, which the price may reach before the desired correction begins. However, it must first exit the current channel and overcome the resistance at $40,312. Please pay attention to the CHOP index, which indicates that we have a lot of energy to make the next move, the RSI indicator shows that we have returned to the middle of the range, which makes it difficult to indicate the price direction, while the STOCH indicator shows that we are moving at the upper limit of the range, which may potentially result in a price recovery.
by cryptodailyuk
LTC/USDT 1DInterval ChartI invite you to review the chart of LTC in pair with USDT, this time taking into account the one-day time frame. Let's start by defining with the white line the upward trend that holds the price, and then using the blue lines we can mark the local channel of the upward trend in which we are currently located. When we unfold the FIb Retracement grid, we can see that the price is based on a strong support zone from $68.87 to $56.33, but at this point let's also check for smaller movement and here the zone covering the trend lines and the lower border of the ongoing channel will be important. However, when the price breaks below the current channel and support zone, we may see a drop to the very strong support level of $40.45. Looking the other way, we can see that the upper border of the channel is also the first place of significant resistance for the price at $78.34, the next important resistance is at $92.42, and then the price must overcome the strong resistance zone from $102 up to $115. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the RSI indicator is in the process of recovering, and there is a lot of room for further declines, similarly, the STOCH indicator shows a strong downward movement, which may drag the valuation to a lower level.
by cryptodailyuk
2
15 consecutive daily candles above totals descending channelWe can see price action came back down to retest the top trendline of this descending brown channel with exact precision and held above it now for 14 consecutive 1day candle closes. It is very likely to close a 15th consecutive candle here soon. We can see one wick back below the top trendline of the channel that was ultimately supported by the 1 day 5ma(in orange). That 50ma is now getting closes to rising above the channel itself for added springboard support. We can also see that the daily stoch rsi is reet as well with plenty of room to head upward. Everything is looking very good for the breakout of this channel to be validated in the ear future. *not financial advice*
CRYPTOCAP:TOTAL
by DrDovetail
1
Greyscale appears to be breaking out from cup & handle patternFresh off the heels of their victory against the SEC, it seems as though it is now very likely this breakout will be confirmed on this cup and handle pattern on the 1 day chart on the GBTC greyscale chart. We can see priceaction has already retested the rimline as solid support before the current big green impulse candle. Also a very nice bullish impulse on the volume candle as well for bullish confluence. *not financial advice*
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by DrDovetail
ATOM/USDT 1D Interval ChartHello everyone, I invite you to review the ATOM chart in pair with USDT, on a one-day time frame. First, we will use the blue lines to mark the downward trend channel in which the price is moving in the lower range, and it is also worth using the yellow line to define the downward trend line from which we can see that the price has gone up. Going further, we can move on to marking support areas in a situation when the price returns to a strong correction, for this purpose we will spread the Fib Retracement grid and we can immediately see that the price is struggling to break out of the very strong support zone from $8.01 to $5.52. Looking the other way, we see that first there is resistance at $10.35, and then we will be able to see an upward movement towards the strong resistance zone from $12.99 to $14.81. Please look at the CHOP index, which indicates that there is still energy for a move, the RSI indicator approached the upper limit, which resulted in another rebound, similarly you can see on the STOCH indicator that when it went up, from the upper limit of the range, the price started to turn back and you can see that I have room for a bigger drop.
by cryptodailyuk
MATIC/USDT 1DInterval ReviewI invite you to review the MATIC chart in pair with USDT. First, we will use the blue lines to mark the upward trend channel from which the price broke out, creating a downward trend channel in which we could currently see the price leaving it with a sideways movement. When we unfold the Fib Retracement grid, we can see that the price remained at the upper limit, a very strong fundamental support zone from $0.58 to $0.31. Looking the other way, we can see a significant resistance zone from $0.74 to $0.90, only after we break out of it and then test it positively will we be able to see a further upward movement towards the second zone from $1.15 to $1, $33. Please look at the CHOP index, which indicates that most of the energy has been used, while the RSI and STOCH indicators show that we are moving at the upper limit, which may negatively affect the price and provide a rebound in the coming days.
M
by cryptodailyuk
BNB/USDT 1DInterval ChartHello everyone, I invite you to review the BNB chart in pair with USDT, also on a one-day time frame. First of all, we can use the yellow line to mark the downward trend line from which the price went up. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and as you can see, first there is a support zone from $224 to $220, but then we can see a decline to the very strong zone from $209 to $202. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here you can see that the price has been rejected by the resistance zone from $231 to $238, only when we break above it will we move towards the resistance at $248. When we turn on EMA Cross 50 and 200, we can see that we are still in a strong downtrend, staying below the blue line of EMA Cross 200. The CHOP Index indicates that there is still energy left for a move. On the RSI, we are moving in the upper part of the range, but when we look at the STOCH indicator, the visible rebound creates room for a potential further price increase.
by cryptodailyuk
LTC/USDT 1D ReviewI invite you to review the LTC/USDT chart. Starting with the blue lines marking the upward trend channel from which the price broke down, but locally you can see a sideways exit from the yellow downward trend line. In order to determine support for the price, we will use the Fib Retracement tool and thanks to it we can see that the price is struggling to climb out of the strong support zone from $68.86 to $56.22. If the current zone did not support the price, we could see a decline to the area support at $40.26. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the first significant resistance is at $78.72, and then we have a strong resistance zone from $92.60 to $102.46. The CHOP index indicates that there is still some energy left for the move, the RSI indicator has a slight recovery and there is room for the price to go a little higher, when we look at the STOCH indicator we see that it has exceeded the upper limit, which influenced the recovery, but in combination with the RSI indicator it may be slight recovery and another increase in the LTC price.
by cryptodailyuk
ETH/USDT 1DInterval Review ChartHello everyone, I invite you to review the ETH pair to USDT chart, also on a one-day time frame. First, we can use the blue lines to mark the upward trend channel in which the price is currently moving. However, locally it is visible that the price has moved above the downward trend line. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and as you can see, the first support zone is from $1,671 to $1,517, but if this support does not hold the price, we may see a drop to the area of the second zone from $1,363 to $1,156. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here we can immediately notice that the price is approaching a very strong resistance zone from $1,916 to $2,230, only when it breaks above it will it be able to move towards the resistance at $2,557. When we turn on EMA Cross 50 and 200, we can see that the price has returned above the blue line of the 200 moving average, but it is worth watching whether the yellow line of EMA Cross 50 will cross the blue line from below, which would confirm a strong upward trend. The CHOP Index indicates that most of the energy has been used. The RSI indicator is approaching the upper limit and it is clear that there is some room for growth, but the STOCH indicator exceeded the upper limit and this resulted in a slight price recovery.
by cryptodailyuk
BTC/USDT 1D Interwal 40000$ or 31000$Hello everyone, I invite you to review the current situation on the BTC to USDT chart, taking into account the one-day interval. We will start by marking a strong downward trend line from which the price moved sideways, and currently we can mark the upward trend channel in which we are moving with blue lines. Now we can move on to marking support areas in the event of a correction. And here, first of all, it is worth marking the support zone from $30,687 to $27,750, but when we fall below this zone, we may see a drop to the area of the second zone from $23,135 to $19,884. At this point it is worth looking at the EMA Cross 50 and 200 as we can see that the yellow ema cross 50 line has returned above the blue ema cross 200 line, confirming that the strong uptrend is continuing. Looking the other way, we can determine resistance locations in a similar way using the Fib Retracement tool. Here you can immediately see the fight against the strong resistance level at $35,931, which currently lacks the energy for a larger move, but when the price overcomes it, it will have an open path towards the strong resistance zone from $42,223 to $48,495. Please pay attention to the CHOP index, which indicates that the energy at this moment is mostly used, the RSI and STOCH indicators clearly exceed the upper limit of the range, which may negatively affect the BTC valuation and translate into a recovery after such a dynamic increase. In such a situation, we could see a rebound towards $31,000.
by cryptodailyuk
6
Link breaking up from bullflag & inv H&SNot even factoring in the much larger monthly pattern link is breaking up from here and only focusing on the inv h&s and bullflag. Will be interesting to see how price action plays off these measured move lines on the way to their targets. While it seems like we have definitely triggered the breakup from the bullflag I don’t think it has officially broken upward from the inv h&s neckline just yet, but likely will soon. *not financial advice*
COINBASE:LINKUSD
by DrDovetail
XRPETH falling wedge/bull pennantWe can see that price action is reaching the apex of the white wedge/pennant and that the orange 50ma has now entered the pennant. Looking at where the stoch rsi currently is, odds are good that price can maintain support on the 50ma and that it could help lift or bounce price up out of the pennant and send it heading towards the breakout target. I have only posted the pennant breakout target here, the target for the wedge on its own will be a lower than this one, however I see that the pennant target share bullish confluence with the double bottom target so I feel that increases the odds that the breakout could result in it hitting the full pennant target instead of just the wedge target. Of course until a breakout is confirmed there’s still a chance it could go below the pennant and break downward instead although much less probable…it could also always do the classic fake like it’s breaking down when its really just pullling bad the slingshot before rocketing back upward and out of the pennant. We will likely see soon enough before September seems likely. *not financial advice*
by DrDovetail
2
DOT/USDT 1DInterval ReviewI invite you to review the chart of DOT in pair with USDT, on a one-day time frame. First, we will use the blue lines to mark the downward trend channel where the price remains. Going further, we can move on to marking support areas when we start a larger correction. For this purpose, we will spread the trend based fib extension grid, and we can see a strong support zone from $3.91 to $3.48, as you can see, the price has returned to the levels from which it started in the previous bull market. However, if we fall lower, we may see a drop to the support level of $2.86. Looking the other way, we see that the first significant resistance is the resistance zone from $4.53 to $4.80, then there is resistance at $5.13, and another strong resistance at $6. Please look at the CHOP index, which indicates that the energy is running out, the RSI indicator shows that we are still moving near the lower limit, which gives room for increases, and the STOCH indicator is also above the lower limit, which may be an impulse for an upward movement.
by cryptodailyuk
Solidifying 31.7k as prolonged support could trigger an invh&sWe can see that awhile back we formed a very subtle and tiny left shoulder to this potential pattern that most people may tend to overlook, and the rejection from our most recent high on bitcoin helped solidify a potential neckline for this currently speculative inverse head and shoulder pattern which then gave us the ability to make a measured move guesstimate for its breakout target, and it is quite staggering. From what I’m seeing here, if we were to maintain solidified support above this neckline for a prolonged period of time then it should trigger this pattern and give us the opportunity to reach a breakout target somewhere between 64k and 65k! This of course is the target we are giving when viewing this on the log scale shown here….when you switch it to linear the target you get is around 48k which I think currently is a much more practical target to shoot for than the 65k log chart target,however we may see both come to fruition before Q3 of next year. I anticipate the 48k target before Q2 of next year. I arbitrarily placed the dotted measured move breakout line at November 11th but there’s a chance it could breakup even sooner than that possibly the 29th of October even…also a chance the neckline could maintain resistance all the way well into december or perhaps even as long as ja unwary or February of next year. We must remember that there have been plenty of times in the past, especially during the sideways phase of the market where price can break above the neckline and then ultimately go back under it 2, 3, even 4 times before finally confirming the breakout of the pattern. Must remain patient and vigilant. As Larry Fink stated, many blackrock clients now view crypto as a flight to quality and the way the world is going, we may see people implement those flight plans sooner rather than later. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
LINK/USDT 1DInterval Review ChartHello everyone, I invite you to review the LINK chart in pair with USDT, on a one-day time frame. First, we will use blue lines to mark the downward trend channel in which the price is moving upwards, while locally there is an upward trend line visible, along which the price is climbing. As we can see, it also managed to return to a strong upward trend after emerging higher from EMA Cross 200, which is important for the price to maintain this level now. Going further, we can move on to marking support areas when the price returns to correction, and here we can see the support zone from $7.05 to $6.61, which also contains the previously mentioned 200 moving average, then we have the second zone from 6.17 $ to $5.53, followed by strong support at $4.74. Looking the other way, we see that the price has bounced off the important resistance zone from $7.78 to $8.58, which it has no strength to break yet, there is still a strong resistance at $9.65, which the price must overcome and test positive before moving further upwards. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the RSI shows a return to the middle of the range, which creates room for a new upward move, while the STOCH indicator has rebounded to the lower limit and we have a visible upward movement with energy for it. I wish the price would go up a little higher.
by cryptodailyuk
1
ETC/USDT 12.10.2023 Review ChartHello everyone, I invite you to review the ETC chart in pair with USDT, on a one-day time frame. First, we will use yellow lines to mark the triangle in which the price is approaching the exit and the direction of movement. Going further, we can move on to marking support areas when we start a larger correction. And here you can see a strong support zone in which the price is currently close to the lower border of the zone ranging from $19.64 to $12.60, but when we break out of it, using the trend based fib extension grid we can determine a second smaller zone from 9 $.61 to $7.48. Looking the other way, we see that the price has a significant resistance zone from $25.18 to $29.09, only when it overcomes it will it move towards the resistance level of $33 and then $38.62. Please look at the CHOP index, which indicates that there is still energy in this movement, the STOCH indicator shows exhausted energy, which is also confirmed by the chart, while the RSI indicator shows a strong rebound, but with room for the price to go slightly lower.
by cryptodailyuk
MATIC/USDT 1DIntervalI invite you to review the MATIC chart. As we can see, the price dropped below the blue EMA Cross 200 line, thus returning to the strong downtrend. However, here, after marking the downtrend channel, we can notice that the price breaks out of it sideways, which may have a positive impact on it and may translate into a change in direction. When we unfold the Fib Retracement grid, we can see that the price has returned and remains in a very strong support zone that starts at $0.58 and continues up to $0.31. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that there was a strong rejection of the price from the zone from $0.74 to $0.90, but when the price breaks it, it will have an open path towards the second zone from $1.15 to $1.33. The CHOP Index indicates that the energy is gaining more and more strength. However, the STOCH and RSI indicators show a visible recovery with room for the price to drop to a lower level.
M
by cryptodailyuk
ETH/USDT 1DInterval Review ChartHello everyone, I invite you to review the ETH pair to USDT chart, also on a one-day time frame. First of all, we can use the blue lines to mark the downward trend channel in which the price has been moving for a long time, while locally, using the yellow line we can mark the downward trend lines from which the price has gone up, but here you can see that after crossing the blue line EMA Cross 200 the price was quickly withdrawn, which confirms the continued downward trend. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and as you can see, the price has left the strong support zone from $1,664 to $1,535, only when it falls below this zone can we see a drop to the support level of $1,369. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here we can see the price retreating before the resistance level at $1,765, then we have a visible resistance zone from $1,838 to $1,910, only after breaking upwards from this zone should the price attempt to attack the levels of $2,013 and then the level of $2,143. The CHOP Index indicates that most of the energy has been used. The STOCH indicator shows that the upper limit has been exceeded, which has exhausted the energy and resulted in a price recovery, while the RSI indicator, despite the increase, still shows room for the price to go higher, which indicates that when the energy regains, we may see another upward movement.
by cryptodailyuk
4
ETH/USDT 1D Review ChartHello everyone, I invite you to review the ETH pair to USDT chart, also on a one-day time frame. First, we can use the yellow line to mark the upward trend in which the price dropped. We can also mark EMA Cross 200, under which the price is constantly moving, which confirms that it will remain in a downtrend. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and here we see that the price has remained in a strong support zone from $1,608 to $1,483, but when we fall below this zone we can see a drop to the support level of $1,304 and further towards a very strong support. at $1,076. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here we see that the price is struggling to break the resistance level at $1,641, then we have resistance at $1,735, and then we mark a visible resistance zone from $1,813 to $1,889, and then a second very strong zone from $1,999 to $2,140. The CHOP index indicates that there is a lot of energy for the move, the RSI, despite the increase, has a lot of room for the price to grow, but the STOCH indicator confirms the consumption of energy, which confirms the sideways trend, and what's more, it can give a reaction to the price in order to gain energy.
by cryptodailyuk
2