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4hrchart

BTC Analysis of the current correctionHello everyone, I invite you to every Monday's cryptocurrency review. Let's start by checking the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will use blue lines to mark the local uptrend channel in which the BTC price is moving. At this point, it is worth looking at the EMA Cross 10 and 30, which confirm the return to the local downtrend, but on the volume, which also indicates a definite advantage of sellers, we can observe that this volume is quite low. Now we can move on to marking support areas in case of deepening of the current correction. And here we see that the price is just before the support at $ 29359, then we have the second support at $ 28850, then there is a strong support zone from $ 28314 to $ 27570, if the zone is broken the next support is at $ 26635. Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. The first resistance is at $ 29696, then we will mark the resistance zone from $ 29947 to $ 30660 when it is broken, and the next resistance is at $ 31045. Further we can see an increase to around $ 32117. Please pay attention to the CHOP index which indicates that the energy has been used in the current correction, the MACD indicator confirms the ongoing local downtrend, while the RSI has a strong rebound, which may indicate that the current correction will start to slow down.
by cryptodailyuk
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Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is staying above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $ 29090, if the support is broken we can see a quick return of the price to around $ 27891, but here it is worth noting that the price remains just below a very strong support. Now let's move on to the resistance line, as you can see the first resistance is $ 30159, if you manage to break it, the next resistance will be $ 30711, $ 31152 and $ 31600. Looking at the CHOP indicator, we see that the energy in the current correction has been used, the MACD indicates a downward trend, while the RSI has a strong rebound, which may also indicate the end of the current rebound.
by cryptodailyuk
Daily BNB 4HChart - resistance and supportHello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $333.4, if the support is broken then the next support is $326.4, $320.9 and $315.1. Now let's move to the resistance line, as you can see the first resistance is $ 344, if you manage to break it, the next resistance will be $348.4, $352.7 and $359. Looking at the CHOP indicator, we see that the energy has been used, the MACD confirms the local uptrend, while the RSI has crossed the upper limit again, which may result in a temporary price rebound.
by cryptodailyuk
1
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $ 2065, if the support is broken then the next support is $ 2024, $ 1990 and $ 1958. Now let's move on to the resistance line, and here we first have a resistance zone from $ 2111 to $ 2129, if it breaks out the next resistance will be $ 2182 and $ 2269. Looking at the CHOP indicator, we see that the energy is gaining strength, the MACD indicates entering a local downtrend, while the RSI remains at the upper limit, which may also indicate the need for a price rebound.
by cryptodailyuk
MATIC/USDT 4HInterval Resistance and SupportI invite you to review the MATIC chart in pair to USDT, as before on the four-hour interval. First, we will use the blue lines to mark the downtrend channel where the price is moving sideways from the downtrend line. Moving on, we can move on to marking support areas when we start a larger correction. And here we are approaching a strong support zone from $1.13 to $1.10, however, if the price goes lower we have a second strong support zone from $1.06 to $0.94, and then we can mark the support line at $0.94. Looking the other way, we see that the price hit the important resistance zone from $1.18 to $1.26, where it immediately turned around. However, if we manage to break out of this zone above, we have the second resistance at $ 1.33, and then the third resistance at $ 1.44. Please look at the CHOP index, which indicates that the energy on the 4-hour interval has been used, the MACD indicates the maintenance of the local uptrend, while the RSI shows a strong rebound right after crossing the upper limit of the range.
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by cryptodailyuk
DOT/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the DOT chart on the four-hour interval. As we can see, the price is moving in the uptrend channel. Let's start by marking the support spots for the price and we see that we first have a support zone from $6.46 to $6.21, however if the price goes lower we have a second support zone from $6.01 to $5.80. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently fighting a strong resistance at $6.85 equal to 0.618 Fib. We continue to have a strong resistance at $7.31, once the price breaks it, it will move towards the resistance at $7.90. The CHOP index indicates that the energy has been used up, the MACD indicates that the uptrend is maintained, while the RSI has crossed the upper limit of the range, which, according to our rule, often ends with a price rebound and so we see a small correction.
by cryptodailyuk
Daily BNB 4HChart - resistance and support - shorttermHello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $ 332, if the support is broken then the next support is $ 329, $ 327 and $ 325. Now let's move to the resistance line, as you can see the first resistance is $ 336, if you manage to break it, the next resistance will be $ 339, $ 341 and $ 343. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates an uptrend, while the RSI is moving above the upper limit, which may affect the price correction.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $30135, if the support is broken then the next support is $29849, $ 29615 and $29374. Now let's move on to the resistance line, as you can see the first resistance the price is currently fighting is $30435, if it manages to break it, the next resistance will be $30917, $31313 and $31700. Looking at the CHOP indicator, we see that there is a lot of energy for a new move, the MACD indicates the maintenance of the local downtrend, while the RSI is very high, which may give the price a rebound.
by cryptodailyuk
LTC/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the chart of LTC in pair to USDT, also on a four-hour interval. First of all, we will use the blue lines to mark the uptrend channel in which the price is moving in the lower border. Moving on, we can move on to marking support areas when the correction begins to deepen. And here, the first support is at $89.60, the second support is at $84.76, the third support is at $81.05, and then the fourth support is at $77.20. Looking the other way, we see that the price has hit an important and strong resistance at 0.786FIB at $97.03 from which it rebounded, but when it manages to break it, another strong resistance will appear at $105.85. Please look at the CHOP index, which indicates that the energy is gathering strength, the MACD indicates a local downtrend, while the RSI has a strong rebound, which may positively affect creating room for new growth.
by cryptodailyuk
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is HKEX:1901 , if the support is broken then the next support is $1874, TSE:1853 and $1832. Now let's move on to the resistance line, as you can see the first resistance is HKEX:1919 , if you break it the next resistance will be HKEX:1943 and $2016. Looking at the CHOP indicator, we see that there is more and more energy, the MACD remains in the local downtrend, while the RSI moves in the upper range, which limits the room for further increases.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price has gone up from the triangle. Let's start with the support line and as you can see the first support in the near future is $29971, if the support is broken then the next support is $29689, $29462 and $29222. Now let's move on to the resistance line, as you can see the first resistance is $30540, if you manage to break it, the next resistance will be $31001, $31386 and $31754. Looking at the CHOP indicator, we see that the energy has been consumed, the MACD confirms the upward trend, while the RSI has strongly exceeded the upper limit of the range, which may affect the price correction.
by cryptodailyuk
MKR/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the chart of MKR in pair to USDT, on a four-hour time frame. First, we will use the blue lines to mark the uptrend channel in which we are currently moving. Going further, we can move on to marking the places of support when we start the correction. And here, the first support is at FWB:706 , the second support is at FWB:698 , the third support is at $692, and then the fourth support is at $686. Looking the other way, we see that the price has approached a strong resistance at HKEX:721 , when it manages to break it, the second resistance is at HKEX:731 , then the third resistance is at $744 It is worth paying attention to the EMA Cross 10 and 30, which indicate the place of return to the uptrend. Please take a look at the CHOP index, which indicates that there is still plenty of energy for the next move, the MACD confirms the current uptrend, while the RSI is moving in the upper part of the range and approaching its upper limit, which may affect price stagnation or an upcoming rebound.
by cryptodailyuk
1
Daily BTC 4HChart - resistance and supportHello everyone, I invite you to review the chart of BTC in pair USDT taking into account the interval of four hours. First, we will use the blue lines to mark the local uptrend channel where the BTC price is approaching the upper limit. Now we can move on to marking the places of support in the event of a correction. And here in the first place it is worth marking support at HKEX:28840 , then second support at $28555, third support at $28324, and then we have a strong support zone from $28092 to $27760. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. And here in the first place we have a very strong resistance at $29325 equal to 0.786 Fib from which the price has currently rebounded, but when it manages to break it, the next strong resistance will appear at the price of $29910. Please note the CHOP index which indicates that the energy has been used, the MACD indicator indicates the entry into an uptrend, while the RSI has crossed the upper limit of the range, which may lead to a price correction or a temporary sideways trend.
by cryptodailyuk
MATIC/USDT 4HInterval Resistance and SupportHello everyone, let's look at the MATIC to USDT chart on a 4-hour timeframe. As you can see, the price is moving in the local uptrend channel. Let's start with the support line and as you can see the first support in the near future is the zone from $1.12 to $1.11, if the support is broken then the next support is $1.09 and $1.05. Now let's move on to the resistance line, as you can see the first resistance is $1.13, if you manage to break it, then we have a resistance zone from $1.15 to $1.16, then support at $1.17 and $1.19. Looking at the CHOP indicator, we see that the energy is growing strongly, the MACD indicates a local downtrend, while the RSI has a significant rebound, which creates room for the next increase.
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by cryptodailyuk
SasanSeifi 💁‍♂️CHZUSDT /4H ⏭ 0.13 ⬆Hello everyone ✌ In the time frame of 4 hours, as you can see, the price in the range of 0.1200 is gathering VOLUME and fluctuating. Possible trends are shown in the chart. If the 0.1180 range is maintained, we can expect the price to grow up to the FVG 0.13 range and then face a correction by filling the gap. Otherwise, the possibility of further correction up to 0.1135 range can be considered ❎ (DYOR)...⚠⚜ What do you think about this analysis? I will be glad to know your idea 🙂✌ IF you like my analysis please LIKE and comment 🙏✌
Long
by SasanSeifi
SOL/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the SOL chart on a four-hour interval. As we can see, the price moved sideways from the downtrend channel and now we can use the yellow lines to mark the local sideways trend channel. Let's start by marking the support spots for the price and we see that we first have a support zone from $20.90 to $19.92, but if the price goes lower, we have another support at $19.04, then at $17.68. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we can see that the price is currently fighting a strong resistance at $21.10, then we have resistance at $21.60, once price breaks it it will move towards a strong resistance zone from $22.17 to $22.91, once it manages to break the next resistance is at priced at $23.98. The CHOP index indicates that we have a lot of energy, the MACD indicates that the upward trend is maintained, while the RSI recovered and returned to the middle of the range.
by cryptodailyuk
1
Daily BNB 4HChart - resistance and supportHello everyone, welcome to a chart review of BNB vs USDT on a four-hour time frame. First of all, using the blue lines, we can mark the local downtrend channel in which the price is currently moving. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and here it is worth marking the support zone in the first order where the price is from $ 315.5 to $ 305.8, the second support at the price of $ 296.3, and then the third support at the price of 282, $6. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first strong resistance at $317.6, then we can mark the resistance zone from $323.2 to $328.7, when it manages to break it, the next resistance is at $336.5, and then the fourth at $346 $6. The CHOP index indicates that the energy has been used. The MACD indicator is in an uptrend. On the other hand, on the RSI we see a rebound to the lower part of the range, which creates room for new increases.
by cryptodailyuk
1
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price has bounced off the local downtrend line. Let's start with determining the support line and as you can see, it is worth marking the support zone from $27993 to $27710 first, if the support is broken then the next support is $27481, $27260 and $26929. Now let's move to the resistance line, and here too we can mark the resistance zone from $28275 to $28593, if you manage to break it, the next resistance will be $28911 and $29357. Looking at the CHOP indicator, we see that we have a lot of energy to move further, the MACD is on the verge of returning to an uptrend, while the RSI is in the middle of the range and we can expect a small price rebound.
by cryptodailyuk
1
Daily ETH 4HChart - resistance and support SHORTTERMHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price has fallen below the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $1782, if the support is broken then the next support is $1762, $1741 and $1713. Now let's move on to the resistance line, as you can see the first resistance is $1823, if you manage to break it, the next resistance will be $1846, $1865 and $1885. Looking at the CHOP indicator, we see that there is energy to continue the move, MACD confirms the local downtrend, while the RSI shows a rebound, which positively creates room for a future price increase.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price has moved out of the local downtrend channel. Let's start with the support line and as you can see the first support in the near future is $28187, if the support is broken then the next support is $27996, $27792 and $27517. Now let's move on to the resistance line, as you can see the first resistance is $28525, if you manage to break it, the next resistance will be $28716, $28874, $29029 and $29253. Looking at the CHOP indicator, we see that we have a lot of energy to move, MACD is on the verge of returning to a downtrend, while the RSI is moving in the upper part, which may affect the price's slight rebound.
by cryptodailyuk