XRP Inverse Head & Shoulders Pattern Forming - 4Hr ChartA different perspective for my same call to .44cents 0.618 golden ratio fib extension.
Inverse Head & Shoulders Pattern Forming on the 4Hr Chart.
I think we are due for a reversal very soon...
4hrchart
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 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 strong support is at $17199, if the support is broken then the next support is $17044 and $16924.
Now let's go from the resistance line, as you can see the first resistance is $17702, if you manage to break it, the next resistance will be $17919, $18097 and $18276.
Looking at the CHOP indicator, we see that in the 4-hour interval, the energy begins to gain strength, the MACD indicator confirms the local downtrend, while the RSI shows a rebound, but we are still around the middle of the range, which may indicate a continuation of the correction.
Daily review of BTC interval 4HHello everyone, let's look at the BTC 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 $17979, if the support is broken then the next support is $17934, $17885 and $17825.
Now let's go from the resistance line, as you can see the first resistance is $18054, if you manage to break it, the next resistance will be $18183 , $18317 and $18505.
Looking at the CHOP indicator, we see that in the 4-hour interval, most of the energy has been used, the MACD indicator indicates a local uptrend, and the RSI is very high, which may indicate a local price correction.
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price has been moving in the uptrend channel marked with blue lines for a long time, we can see attempts to exit the channel downwards, however, the price defended itself and quickly started to go up.
Let's start with setting the support line and as you can see, the price has moved back to around 0.61 Fib, which is a strong support at $ 17,705, if the support is broken, the next support is $ 17,624, $ 17,513 and $ 17,220, which is also very strong support as before was a strong resistance for the price.
Interestingly, we can now mark the first, second, third and fourth wave we are currently in, interestingly, there is no divergence, does this mean that we can see the fifth wave?
Now let's move on to the resistance line, as you can see the first resistance is at $17884, if you break it, the next resistance will be at $18045, the third resistance is at $18183 and the fourth at $18813.
Please take a look at the CHOP index which indicates that the energy has been used on the four-hour interval, while on the RSI we see that we are very high which often indicates a price correction.
Daily review of BTC interval 4HHello 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 $16960, if the support is broken then the next support is $16900, $16852 and $16804.
Now let's move on to the resistance line, as you can see the first resistance is $17032, if you manage to break it, the next resistance will be $17130, $17210 and $17292.
Looking at the CHOP indicator, we see that in the 4-hour interval some of the energy has been used, the MACD indicates that we are moving in a downtrend.
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price has moved sideways from the local downtrend line.
Let's start with the fact that the price shot up and immediately reached the place of 0.61 Trend-Based Fib Retracement, but quickly returned to the starting place, so again we can consider the previous places as valid resistances and so we have the first resistance at the price of $ 17185, the second at $17,216, the third at $17,241 where the price reversed, then $17,267 and $17,303. Only when BTC overcomes these resistances and then positively tests them will we be able to move on.
Now let's move to the support line, as you can see in the coming hours we have the first resistance at $17159, if the price goes lower, the next resistance is $17131, $17088 and $17037.
Looking at the CHOP indicator, we see that in the 4-hour interval we still have a lot of energy for the next move, the MACD indicator indicates a local downtrend, while on the RSI we are quite high, however, the place where we are may indicate a sideways trend.
USDJPYWould wait for price to hit AOI
see what reaction price gives us
simple break and retest to go long or
if rejected look for shorts down to support
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price has been moving in an uptrend channel for almost twenty days, which we have marked with blue lines.
It is now worth checking what supports we should consider in the coming hours or days and as you can see the first support is $17070, if the support is broken then the next support is $16977, $16885 and $16750.
Now let's go from the resistance line, as you can see the first resistance that the price has to overcome and positively test is $17221, if you manage to break it the next resistance will be $17323, $17412 and $17491.
Looking at the CHOP indicator, we see that in the 4-hour interval, the energy begins to gain strength, the MACD indicator indicates that we have entered a local downtrend, while the RSI shows that we are quite high and we should consider hedging the position in case of a correction.
ADA/USDT 1D INTERVAL - Resistance and SupportThe last one in today's ranking is the ADA chart, this time on a four-hour interval. As we can see, in the first place, we can mark the uptrend channel in which the price is moving, what's more, we are currently at the lower limit of this channel.
Now, using the Trend-Based Fib Extension tool, we see that we currently have the first support in the coming hours at $0.311, but if it breaks, we have another support at $0.308, then at $0.306 and $0.303.
Looking the other way, we can mark resistance points for the price in the same way, and so we have the first resistance at $ 0.314, from which the price has already fallen once, then we have resistance at $ 0.318, the next at $ 0.321 and the next at $ 0.325 .
In addition, locally, we can mark the downtrend line under which the price is currently located.
On the CHOP index we see very charged energy, MACD confirms that we are in the local uptrend, while on the RSI we are below half, which indicates that at the turn of several hours we have room for increases.
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, we managed to get out of the downtrend line under which we were moving.
Let's start with the support line and as you can see the first support in the near future is $16870, if the support is broken then the next support is $16801, $16743 and $16688.
Now let's move to the resistance line, as you can see the first resistance is $17049, if you manage to break it, the next resistance will be $17140, $17265 and $17426.
Looking at the CHOP indicator, we see that in the 4-hour interval we have a lot of energy for further movement, the MACD indicator indicates entering a local uptrend, and the RSI shows that we still have room for more growth.
BNB / USDT 4H INTERVAL, Resistance and supportSecond in today's review is the BNB chart on a four-hour time frame. At the beginning, we can mark with the white lines the sideways trend channel in which the price is moving and with the yellow line the local downtrend line we are under.
Now, using the Trend-Based Fib Extension tool, let's check what support we have in the coming hours and days, as you can see, the first support on which the price is currently based is $ 283, but if it drops below, we have another support at $ 261 and the third at $ 244 .
Looking the other way, we can check in the same way what resistances the price has to overcome first, and as you can see, we have the first resistance at $297, the second at $307, the third at $316 and the fourth at $323.
As we can see, the CHOP index indicates that most of the energy in the four-hour interval has been used up, the MACD indicates entering a local downtrend, while the RSI is at the lower end of the range from which the price often starts to reverse. At this point, it is also worth marking the opposite directions on the chart and the RSI indicator with a blue line, such an arrangement often indicates a change in the trend.
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price has been moving in the uptrend channel for a long time, which we marked with white lines, it is also worth noting that we have now rebounded for the third time perfectly from the lower border of our channel.
Let's start with setting the support and as you can see in the current situation zena stopped perfectly at the beginning of the first support zone which lasts from $16677 to $16459. However, if the price breaks downwards from the current ascending channel and starts to fall, we can see a drop to the second support zone from $16223 to $15893.
Now let's move on to the resistance that we should take into account when the price starts moving along our current channel and in this situation we see that the first resistance zone that the price is currently fighting is from $16846 and continues to $17158, the next resistance is at priced at $17,630 and $18,211.
Looking at the CHOP indicator, we see that in the 4-hour interval, most of the energy has been used, the MACD indicator indicates a local downtrend, and the RSI is at a fairly low level, from which the price usually started to rise.
EURUSD 4HRI am expecting this market to continue to buy ONLY IF the market close above the 14MA. IF the market FAILS to close above the 14MA and continue with the buying momentum, then I will expect this market to fall.
SOL - USDT 4HChart, targets and stoplossHello everyone, let's look at the 4H SOL to USDT chart as you can see that the price is moving in the uptrend channel.
Let's start by setting goals for the near future that we can take into account:
T1 = $14.08
T2 = $14.20
T3 = $14.29
T4 = $14.38
and
T5 = $14.52
Now let's move on to the stop loss in case the market goes down further:
SL1 = $13.93
SL2 = $13.79
SL3 = $13.65
SL4 = $13.46
and
SL5 = $13.20
Looking at the CHOP indicator, we see that the energy is slowly gaining strength on the 4H interval, while the MACD indicator indicates a local uptrend.
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving above the uptrend line, but locally we are on the verge of the downtrend line.
Let's start with the support line and as you can see the first support in the near future is $16883, if the support is broken then the next support is $16714, $16547 and $16306.
Now let's move on to the resistance line, as you can see the first resistance the price is currently facing is $16995, if it breaks out the next resistance will be $17078, $17147 and $17212.
Looking at the CHOP indicator, we see that in the 4-hour interval we still have a lot of energy for the next move, the MACD indicator indicates a local downtrend, while the volume begins to indicate an advantage on the buyers' side.
ETH / USDT 4HChart - Targets And StopLossHello everyone, let's look at the 4H ETH to USDT chart as you can see that the price is moving above the uptrend line.
Let's start by setting goals for the near future that we can take into account:
T1 = $1272
T2 = $1281
T3 = $1310
and
T4 = $1355
Now let's move on to the stop loss in case the market goes down further:
SL1 = $1261
SL2 = $1251
SL3 = $1241
and
SL4 = $1233
Looking at the CHOP indicator, we see that on the 4H interval, some energy has been used, but there is still some left to continue the movement, while the MACD indicator indicates a local downtrend.
XRP - USDT on 4H interval Targets and StoplossHello everyone, let's look at the 4H XRP to USDT chart as you can see that the price is moving below the local uptrend line, and within the triangle outlined by the blue lines.
Let's start by setting goals for the near future that we can take into account:
T1 = $0.3923
T2 = $0.3980
T3 = $0.4028
T4 = $0.4070
and
T5 = $0.4133
Now let's move on to the stop loss in case the market goes down further:
SL1 = $0.3865
SL2 = $0.3833
SL3 = $0.3799
SL4 = $0.3754
and
SL5 = $0.3694
Looking at the CHOP indicator, we see that there is a lot of energy for a new move on the 4H interval, while the MACD indicator indicates a local downtrend.
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame.
Let's go to the chart and start by marking with blue lines the uptrend channel in which the price has been moving since November 21st.
Now, taking into account the entire upward movement, it is worth marking the place of 0.61 Fib Retracement as a very strong support for BTC, then using the Trend-Based Fib Extension tool we will check what support we can consider in the near future based on the recent movement. Thus we see that we have the first support at $16920, the second support at 0.61 FIB is $16824, the third at $16680 and the fourth at $16507.
It is also worth noting that the price has now turned back at a strong point of 0.61 Fib Retracement.
Now let's move on to identify strong resistance based on all the downward movement seen in the chart, and here we'll mark the strong resistance at 0.61 Fib Retracement where the price turned down.
However, taking into account the last move, we see that the first resistance from which the BTC price has already bounced once is at $ 17,103, if we overcome it and the previously determined strong resistance for the entire movement, the price will go higher to the resistance at $ 17,292, then $ 17,455 and 17,609 $.
Let's pay attention to the CHOP index, which indicates that the energy is gaining more and more strength in the four-hour interval, the MACD indicator indicates a local downtrend, and on the volume we see the predominance of red lights that have more strength than emerging buyers.
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving in the sideways trend channel marked with white lines and that it is locally on the uptrend line.
Let's start with the support line and as you can see the first support at which the price is currently located is $16720, if the support is broken then the next support is $16580, $16442 and $16244.
Now let's move on to the resistance line, as you can see the first resistance is $16824, if you manage to break it, the next resistance will be $17333 only when the price goes up and positively tests this level and moves further up.
Looking at the CHOP indicator, we see that the energy has been exhausted in the 4-hour interval, the MACD indicator indicates a local uptrend, and the volume, although small, indicates a growing advantage on the sellers' side.
Daily review of BTC interval 4H
Hello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As we can see, for a long time BTC has been moving within the channel marked with white lines, while locally we can mark the uptrend line.
You can also notice that we currently have a higher low than the previous one, but it will be important if we manage to draw a new higher peak, then we will receive a signal for further increases.
It is also worth mentioning that the last drop in the price stopped perfectly at 0.61 Fibretracement, which the price tested and changed its direction to an upward one.
Now let's move on to the support line for the near future and here we see the first support at $16404, if the support is broken then the next support is $16311, $16244 and $16173.
However, looking the other way, we can determine a strong resistance zone from $ 16,501 to $ 16,638, only going above this zone and breaking the resistance at the price of $ 16,814 will open the way for us to try to leave the current price channel.
Looking at the CHOP indicator, we see that in the 4-hour interval, the energy begins to gain more and more strength, the MACD indicator indicates a local uptrend, and the volume, although small, shows the predominance of buyer candles.
UNIUSDT 4H Interval- Targets and StoplossHello everyone, let's look at the 4H UNI to USDT chart as you can see that the price is moving above the local downtrend line.
Let's start by setting goals for the near future that we can take into account:
T1 = $5.63
T2 = $5.84
T3 = $6.06
T4 = $6.35
and
T5 = $6.74
Now let's move on to the stop loss in case the market goes down further:
SL1 = $5.27
SL2 = $5.04
SL3 = $4.86
SL4 = $4.67
and
SL5 = $4.41
Looking at the CHOP indicator, we see that the energy is strongly charged on the 4H interval, while the MACD indicator indicates a local uptrend.
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving above 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 $ 16594, if the support breaks down, the next support is $ 15706, $ 14998 and $ 14321.
Now let's move to the resistance line as you can see the first resistance is $ 17688, if you can break it the next resistance will be $ 18040, $ 18343, $ 18579 and $ 19003.
Looking at the CHOP indicator, we can see that in the 4-hour interval, the energy slowly begins to rise, and the MACD indicator shows a local upward trend.
USDCAD Head and Shoulders 4 Hour ChartThis is a great example of a head and shoulders pattern and i plan to go short for a long term trend on this one! Since i trade 4 hour charts I'm going to be patient. I have seen these patterns go in the other direction before but so far they are the most accurate and predicting trends. When i had the 200 EMA on the chart the tail of the shoulder was touching it showing that it's a key resistance. I set my Limit order just below it and now i just got to be patient :)
