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4hrchart

USDJPY!!!! It's Time to Short!!!!USDJPY is currently in a longer uptrend on weekly and monthly timeframes. I only believe in multiple timeframe analysis because trends are more obvious on bigger timeframes and we can anticipate the market conditions on 4 to 6-factor lower timeframes than what will be the next move of the market in the next one or two weeks probably. On weekly timeframe there is a bearish candle and 20 period moving average has touched the big red candle. History says when this happens the next candle moves downward. If I see the situation on daily timeframe the market has touched the resistance 137.077 and currently last candle is bearish engulfing pattern candle that adds more fuel to the cause. Second thing on daily timeframe confluence is that market is far away from 20 period moving average that shows market will retrace or breath before going higher. On my entry 4H timeframe, I am anticipating that market will move a little higher or breath a little before continuing the ride downwards. A little upward movement and I will go short for possibly 1:2 Risk to reward in next one to two weeks.
Short
by mahmad01
2
SOL/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the SOL chart in pair to USDT, the same as its predecessors on the four-hour interval. First, we will use the blue lines to mark the sideways trend channel where the price is moving at the lower border, while locally, with the yellow line, we can mark the local downtrend line. Moving on, we can move on to marking the places of support. And here we see that the price is in a strong support zone from $21.52 to $20.02, if this zone does not hold the price, we can see a strong drop to around $15.62. Looking the other way, we see that the first resistance is at $22.09, which was previously support for the price. Next we have support at $23.18, third at 24.08, fourth at $24.98 and fifth at $26.25, at the upper limit of the sideways trend channel. Please look at the CHOP index, which indicates that the energy has been used, the MACD indicates that we are in a downtrend, while the RSI is moving in the lower part of the range, which could potentially be the reason for the trend reversal.
by cryptodailyuk
BNB/USDT 4HInterval Resistance and SupportHello everyone, welcome to a review of the BNB chart on a four-hour time frame. First, we can use the blue lines to mark the local downtrend channel in which the price is currently moving. Now let's move on to marking the places of support for the price. To do this, we will use the trend based fib extension tool, and we see that we have first support at $284.7, but if the price goes lower, we have another support at $272.6. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that currently the first resistance is at $297.4, the second resistance is at $303.9, the third is at $309.3 and the fourth is at $314.7. Please look at the CHOP Index, which indicates that the energy has been consumed and is slowly increasing, the MACD indicates the continuation of the local downtrend, and the RSI has a strong rebound to the lower end of the range, which may positively affect and give increases in the coming time.
by cryptodailyuk
Daily ETH 4HChart - resistance and supportI invite you to review the chart of ETH in pair to USDT, also on a four-hour interval. 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 support, and as you can see, the price stopped at a very strong support of $1569 equal to 0.618Fib, we have a second support at $1522, while when the price goes lower we can see a drop to $1461. 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 first resistance at $1591, next resistance is at $1620, then third resistance at $1643, then we have a strong resistance zone from $1667 to $1700. The CHOP index indicates that the energy has been used. The MACD indicator confirms the local downtrend. On the other hand, on the RSI we see a rebound, and we are moving at the lower part of the range.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the interval of four hours. First, we will use the blue lines to mark the uptrend channel in which the BTC price is moving. And as you can see, we have touched the lower border of the channel for the third time. Now we can move on to marking support areas in case of deepening of the current correction. And here, in the first place, it is worth marking a strong support zone from $ 22,270 to $ 21,440, but when we fall below this zone, we can see a drop to around $ 20,417, and then even to the price of $ 17,410. Looking the other way, we can determine the places of resistance in a similar way. First, we will mark the resistance zone from $22,749 to $23,610, when we manage to break it, we have a second zone from $24,034 to $25,258. When you manage to overcome these two, the road will open towards $27,323. Please pay attention to the CHOP index which indicates that in the four-hour interval the energy has been used up, the MACD indicator has a strong local downtrend, while the RSI has rebounded to the lower limit of the range, which creates a lot of room for possible increases.
by cryptodailyuk
DOT/USDT 4HInterval Resistance and SupportHello everyone, let's look at the DOT to USDT chart on a 4-hour timeframe. As you can see, the price has left the local downtrend channel. Let's start with the support line and as you can see the first support in the near future is $6.41, if the support is broken then the next support is $6.35 and $6.29. Now let's move to the resistance line, as you can see the first resistance is $6.50, if you manage to break it, the next resistance will be $6.55, $6.62 and $6.72. Looking at the CHOP indicator, we see that there is some energy left for further movement, the MACD indicates the maintenance of the local uptrend, while the RSI is moving in the lower part of the range with room for increases.
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 downtrend line. Let's start with the support line and as you can see the first support in the near future is $1619, if the support is broken then the next support is $1604, $1590 and $1569. Now let's go to the resistance line, as you can see the first resistance is $1649, if you manage to break it, the next resistance will be $1662, $1674 and $1693. Looking at the CHOP indicator, we see that we have a lot of energy for the next moves, MACD indicates the maintenance of the local uptrend, while the RSI is moving in the middle of the range, which makes it difficult to clearly determine the direction.
by cryptodailyuk
2
FTM/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the FTM chart in hand to USDT, taking into account the interval of four hours. First of all, with the help of blue lines, we will mark the inheritance trend channel, in which the price is currently moving. Going further we can go to select the places, for this we will use the Trend Fib Extension Trend tool. And here the first support is at a price of $ 0.45, we have the second support at the price of $ 0.41, and then the third support at $ 0.36. Looking the other way, we see that the price cannot break the first resistance zone from $ 0.48 to $ 0.50. However, if you can get out of the downward channel and pierce the resistance zone, the next zone is from $ 0.53 to $ 0.55, when the price overcomes it, the third resistance is at $ 0.58 and the fourth at $ 0.62. Please look at the Index Chop, which indicates that we have a lot of energy for the upcoming movement, MacD indicates that we maintain a local upward trend, while we have a relaxation to RSI and move in the lower part of the range, which may indicate upcoming growth.
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by cryptodailyuk
1
Daily BTC 4HChart - resistance and supportHello everyone, I invite you to check the current situation on BTC in hand to USDT taking into account the interval of four hours. First of all, using the yellow line we will mark the local inheritance trend line, from which the price of BTC came out. Now we can go to the designation of support places in the event of correction. And Tutuj, first of all, it is worth marking support zone from $ 23296 to $ 22837, but when we fall below this zone, we have a second very strong support zone from $ 22,180 to $ 21334. Looking the other way, in a similar way using the FIB Retracement tool, we can determine the places of resistance. First of all, we will mark the resistance zone from $ 23707 to $ 23,984, when we manage to beat it, we have a second zone from $ 24301 to $ 24712. When we manage to overcome these two zones, we will go towards resistance at a price of $ 2,5251. Please pay attention to the Index Chop that indicates that most of the energy has been used, MacD indicator indicates the maintenance of a local upward trend, while the RSI we move at the bottom of the range.
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 downtrend line. Let's start with the support line and as you can see the first support in the near future is $23303, if the support is broken then the next support is $22829 and $22175. Now let's move to the resistance line, as you can see the first resistance is $23698, if you manage to break it the next resistance will be $23993, $24287 and $24711. Looking at the CHOP indicator, we see that most of the energy has been used, the MACD indicates a local uptrend, while the RSI is back to the upper part of the range.
by cryptodailyuk
SOL/USDT 4HInterval Resistance and SupportHello everyone, let's look at the SOL to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $22.52, if the support is broken then the next support is $21.27 and $19.67. Now let's move on to the resistance line, as you can see the first resistance is $23.57, if you manage to break it, the next resistance will be $24.25, $24.93 and $25.88. Looking at the CHOP indicator, we see that the energy is slowly starting to rise, the MACD indicates entering a local uptrend, while the RSI shows a quick return to the middle of the range.
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 in a triangle marked with yellow lines. Let's start with the support line and as you can see the first support on which the price is currently based is $1602, if the support is broken then the next support is $1569, $1562 and $1422. Now let's move on to the resistance line, as you can see the first resistance is $1614, if you manage to break it, the next resistance will be $1639, $1659 and $1679. Looking at the CHOP indicator, we see that there is some energy left for a new move, the MACD indicates a local downtrend, while the rsi is moving at the lower end of the range, which gives room for new 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 is moving below the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $23313, if the support is broken then the next support is $22848 and $22185. Now let's move on to the resistance line, as you can see the first resistance is $23785, if it breaks down, the next resistance will be $24060, then $24296 and then the resistance zone from $24517 to $24837. Looking at the CHOP indicator, we see that the energy is used to decrease the price, the MACD indicates a local downtrend, while the RSI has a strong rebound and is approaching the lower end of the range.
by cryptodailyuk
Daily BNB 4HChart - resistance and supportHello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is moving in a triangle marked with yellow lines. Let's start with the support line and as you can see the first support in the near future is $305, if the support is broken then the next support is $300 and $292. Now let's move on to the resistance line, as you can see the first resistance is $310, if you manage to break it, the next resistance will be $317 and $326. Looking at the CHOP indicator, we see that we have a lot of energy for the next move, the MACD is on the verge of entering a local uptrend, while the RSI is moving in the lower part of the range, which gives room for price growth.
by cryptodailyuk
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 is moving below the downtrend line. Let's start by marking the support spots for the price and we see that we first have a support zone from $23.42 to $22.56, but if the price goes lower, we have another support at $21.31, then at $19, $74. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the first resistance is at $24.15, then we have resistance at $24.70, the next at $25.16, once price breaks it will move towards the strong resistance zone from $25.65 to $26 $.31 and then strong resistance at $27.14. It is worth paying attention to the EMA Cross 10 and 30, which indicate the start of a downtrend. The CHOP index indicates that most of the energy has been consumed, the MACD indicates a local downtrend, while the RSI is moving in the lower part of the range, which may indicate that when the support zone holds, we may see a change in the trend.
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by cryptodailyuk
1
Daily ETH 4HChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, on a four-hour interval. First of all, with the yellow line we can mark the uptrend line from which the price has gone down, while with the blue lines we will mark the narrow channel of the local downtrend in which we are moving. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the support, and as you can see we have the first support at $1603, then we can mark the strong support zone from $1570 to $1522, when the price goes lower we have the third support at $1462. It is worth paying attention to the EMA Cross 10 and 30, which indicate the place of confirmation of the downward trend change. 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 resistance at $1630, the next resistance is at $1652, then we can mark the resistance zone from $1669 to $1711, and then the resistance at $1743. The CHOP index indicates that most of the energy has been used. The MACD indicator indicates a local downtrend. On the other hand, on the RSI we see a definite rebound, we are moving at the lower end of the range, which may slow down further price declines.
by cryptodailyuk
DOT/USDT 4HInterval Resistance and SupportHello everyone, let's look at the DOT to USDT chart on a 4-hour timeframe. 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 $6.89, if the support is broken then the next support is $6.65 and $6.31. Now let's go from the resistance line, as you can see the first resistance is $7.18, if we break it, the next resistance will be $7.32, then we have a strong zone from $7.43 to $7.54 when price breaks it next resistance it's $7.70. Looking at the CHOP indicator, we see that there is still energy to continue the move, the MACD confirms the ongoing downtrend, while the RSI has a significant rebound and we are approaching the lower limit of the range
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 $1636, if the support is broken then the next support is $1603, $1569 and $1522. Now let's go from the resistance line, as you can see in the first place we have a strong resistance zone from $1673 to $1718, if we manage to break it, the next resistance will be $1743. Looking at the CHOP indicator, we see that we have a lot of energy for further movement, the MACD remains in a downward trend, while the RSI shows a visible rebound.
by cryptodailyuk
BNB/USDT - Resistance and Support - 4H IntervalHello everyone, welcome to a chart review of BNB vs USDT on a four-hour time frame. First, we will use the yellow lines to mark the triangle in which the price is moving. Moving on, we can move on to marking support areas when we start a larger correction. And here, first of all, we have a support zone from $311 to $305, when the price goes lower, we have another support at $300, and then around $292. Looking the other way, we see that the price is fighting a strong resistance at $ 317, which so far it has no strength to break. However, if it manages to break out higher, the next resistance will appear at $326, and then at $338. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, MACD indicates that we are moving in a downtrend, while the RSI shows a rebound, which may positively affect the price increase.
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 $24756, if the support is broken we have a support zone from $24484 to $24273, and the next support is $24046 and $23733. Now let's move to the resistance line, as you can see the first resistance is $25,248, if we manage to break it, we can see a rapid increase to around $26,426. Looking at the CHOP indicator, we see that the energy is slowly rising, the MACD indicates a local downtrend, while the rsi is approaching the upper limit of the range, which may give the price a rebound.
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 broken above the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $24574, if the support is broken then the next support is $24287, $24063 and $23845. Now let's move on to the resistance line, as you can see the first resistance is $25040, if you manage to break it, the next resistance will be $25246, $25433 and $25719. Looking at the CHOP indicator, we see that most of the energy has been used, the MACD indicates the maintenance of the local downtrend, while the RSI is moving at the upper end of the range, which may give the price a rebound.
by cryptodailyuk
SOL/USDT 4HInterval Resistance and SupportHello everyone, let's look at the SOL 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 $23.46, if the support is broken then the next support is $23.12, $22.86 and $22.63. Now let's move on to the resistance line, as you can see the first resistance is $24.17, if you manage to break it, the next resistance will be $24.75 and $26.46. Looking at the CHOP indicator, we see that there is still a lot of energy, the MACD is on the verge of entering a local uptrend, while the RSI is moving in the upper part of the range.
by cryptodailyuk