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Daily BTC 1DChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a single day timeframe. As you can see, the price is moving below the downtrend line. Let's start with determining the support line and here in the first place it is worth marking the support zone from $ 26858 to $ 26357, if the support is broken then the next support is $ 25864 and $ 25170. Now let's move on to the resistance line, as you can see the first resistance is $27494, if you manage to break it, the next resistance will be $27811, $28580 and $28129. Looking at the CHOP indicator, we see that there is still a lot of energy for the move, MACD, despite the corrections, remains in an uptrend, while the RSI is moving around the middle of the range, which makes it difficult to clearly determine the direction of the move.
by cryptodailyuk
BNB/USDT 4HInterval 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 below the local downtrend line. Let's start with the support line and as you can see the first support that is currently holding the price is $305.9, if the support is broken then the next support is $298.6, $292.9 and $287.1. Now let's move on to the resistance line, as you can see the first resistance is $313.1, if you manage to break it, the next resistance will be $320.4, $326.3 and $332.6. Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, the MACD indicates that the local uptrend is maintained, while the RSI is in the lower part, although the price may go a little lower, there is a lot of room for growth.
by cryptodailyuk
XRP/USDT 4HInterval check the current situationHello everyone, I invite you to review the chart of XRP in pair to USDT, on a four-hour interval. First, we will use the blue lines to mark the uptrend channel in which the price has been moving locally since it exited the downtrend line marked with the yellow line. Moving on, we can move on to marking support areas when we start a larger correction. And here the first support is at the price of $0.50, the second support is at the price of $0.48, the third support is at the price of $0.47, and then we have the strength Looking the other way, we see that the price has hit the resistance at $0.52, then we have the resistance at $0.55, and when we manage to break it, we will move towards the resistance at $0.58 Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, MACD indicates that we are on the verge of changing the trend to an upward trend, while the RSI, despite the rebound, we are at the upper limit, which may lead to another correction of the price.
by cryptodailyuk
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, we will use the yellow line to mark the downtrend line from which the price went up. At this point, it is worth checking how the EMA Cross 200 is going and as we can see, the EMA Cross 200 kept the price in an uptrend. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the support, and here we can mark the support zone from $1883 to $1856, the lower border of which is just at the EMA cross 200. Then we can mark the second strong support zone from 0.618 fib to 0.786 fib, which gives us a range priced from $1810 to $1780. 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 very strong resistance at the price of $ 1941, going further we have a strong resistance at the price of $ 1987 and then the price will move in the direction of the resistance at $ 2055 The CHOP index indicates that we have a lot of energy for the upcoming move. The MACD indicator indicates a transition to a local uptrend. On the other hand, on the RSI we see an increase to the upper part of the range, but there is still some room left for the price to go a little higher in the coming hours.
by cryptodailyuk
1
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 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 $27659, if the support is broken then the next support is $27461, $27184 and $26837. Now let's move to the resistance line, as you can see the first resistance is $28129, if you manage to break it, the next resistance will be $28509, $28816 and $29113. Looking at the CHOP indicator, we see that the energy is gathering strength, the MACD indicates entering a local downtrend, while the RSI has a rebound, but there is room for the price to go a little lower in the coming hours.
by cryptodailyuk
8
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 fighting for an upward exit from the local sideways trend channel. Let's start with drawing a support line, but here we will first mark a strong support zone from $26541 to $26209, when the price drops below we have another support at $25803. Now let's move to the resistance line, as you can see the first resistance is $27792, if you manage to break it the next resistance will be $28273 and $28966. Looking at the CHOP indicator, we see that the energy has been used in the current increase, the MACD confirms the local uptrend, while the RSI shows that the indicator has crossed the upper limit, which may indicate a rebound in the near future.
by cryptodailyuk
5
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour timeframe. 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 $1812, if the support is broken then the next support is $1796, $1782 and $1769. Now let's go to the resistance line, as you can see the first resistance is $1825, if you manage to break it the next resistance will be $1841 and then the third resistance at $1891. Looking at the CHOP indicator, we see that there is energy for further movement, the MACD maintains the local uptrend, while the RSI has a small rebound, which creates room for a future price increase.
by cryptodailyuk
BNB/USDT 1DInterval Resistance and SupportHello everyone, welcome to the BNB vs USDT chart review. As we can see, the price has moved downwards from the uptrend line, while currently we will use the blue lines to mark the downtrend channel in which the price is moving in the lower range. Let's start by marking the support spots for the price and we can see that the price is currently in a strong support zone from $310 to $299, however, if the price goes lower, we can see a strong drop in the price even around $268. 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 bouncing off the $312 resistance. Next we have the resistance at $320, and the third resistance at $326, once the price breaks it will move towards the strong resistance zone from $331 to $339. The CHOP index indicates that there is a lot of energy for the move, the MACD, despite several attempts to change the trend, is still in a downtrend, while the RSI is moving in the lower part of the range, which gives room for price growth, but it is worth noting that there is room for the price to fall even more a little lower.
by cryptodailyuk
Daily ETH 1DChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, also on a one-day interval. First of all, using the blue lines, we can mark the uptrend channel in which the price is currently moving. Now let's move on to marking the places of support. We will use the trend based fib extension tool to mark the supports, and as you can see, we have the first support at $1809, the second support at $1767, the third support at $1734, and then we have support at $1703. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here price is fighting resistance at $1830, next resistance is at $1857, then third resistance at $1884 and fourth resistance at $1923. The CHOP index indicates that there is a lot of energy for the next move. The MACD indicator indicates the transition to an uptrend. On the other hand, on the RSI we see that a small price movement gives visible movements on the indicator, which can quickly reduce 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 broken out of the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $26328, if the support is broken then the next support is $26089 and then $25904. Now let's move to the resistance line, as you can see the price is moving towards the resistance at $26804, if you manage to break it then we can see an attempt to attack the resistance at $27395 Looking at the CHOP indicator, we see that there is energy to continue the move, MACD indicates a transition to a local uptrend, while the RSI shows a visible increase, but there is room for the price to attack the first resistance.
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 is moving in the downtrend channel. Let's start with the support line and as you can see the first support in the near future is $26692, if the support is broken then the next support is $26063, $25562 and $25071. Now let's move on to the resistance line, as you can see the first resistance the price is currently fighting is $27380, if it breaks through, the next resistance will be $27744, $28285 and then the fourth resistance at $28934. Looking at the CHOP indicator, we see that most of the energy has been used, MACD indicates entering a local uptrend, while the RSI approached the upper limit, which quickly gave the price a rebound.
COINBASE:BTCUSD
by cryptodailyuk
10
Daily BTC 4HChart - resistance and supportHello 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 the yellow lines to mark the local downtrend channel in which the BTC price is moving. Now we can move on to marking the places of support in the event of a correction. And here, the first support that is currently holding the price is $26,717, however, when we go lower, we have the second support at $26,124, the third support at $25,653, and then the fourth support at $25,154. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First, we will mark the resistance zone from $26971 to $27329, when we manage to break it, we have a second zone from $27687 to $28195. Once these two zones are broken, we will move towards resistance at $28,854. When we turn on the EMA Cross 10 and 30, we see that we are in a downtrend. The CHOP index indicates that the energy is starting to gain strength, the MACD indicator remains in a downward trend, while the RSI is moving around the middle of the range, which indicates the continuation of the local sideways trend.
by cryptodailyuk
16
BNB/USDT 4HInterval 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 in the local downtrend channel. Let's start with the support line and as you can see the first support in the near future is $307.6, if the support is broken then the next support is $305.6, and then we can see a drop to $299.9. Now let's move on to the resistance line, as you can see the first resistance is $309.6, if you manage to break it, the next resistance will be $311.8, $313.6 and $315.4. Looking at the CHOP indicator, we see that there is still some energy left for the next move, the MACD remains in the local downtrend, while the RSI is moving in the lower part of the range, but there is room for the price to go a little lower.
by cryptodailyuk
MATIC/USDT 1DInterval Resistance and SupportHello, I invite you to review the MATIC chart in pair to USDT, on a one-day interval. First, we will use the blue lines to mark the uptrend channel from which the price came down. Moving on, we can move on to marking support areas when we start a larger correction. And here the first strong support is at the price of $ 0.79 when the price drops below the next support is at $ 0.58 Looking the other way, we see that the first resistance is at $0.99, the second resistance is at $1.10, the third is at $1.19 and then we have a strong resistance zone from $1.28 to $1. $41. Please look at the CHOP index, which indicates that most of the energy has been used, the MACD indicates a change in the trend to an upward trend, while the RSI shows that a small increase in price has given a strong move on the indicator, which in the long run can affect a quick correction.
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by cryptodailyuk
2
DOT/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the DOT chart on a one-day interval. At the beginning, we will mark with blue lines a downward triangle in which the price is currently moving. Now we will move on to mark the price support spots and we can see that the price has dropped below the strong support at 0.618 FIB and is now facing a very strong support at $5.02, if it goes lower then the next support is at $4.24 . Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that first the price will have to break the resistance zone from $5.78 to $6.18, then the second resistance zone from $6.51 to $6.84, only after breaking above these two zones will we be further increases could be observed. The CHOP index indicates that there is energy for the next move, the MACD indicates the transition to an uptrend, while the RSI is at the lower limit, thanks to which we have room for the price to start rising.
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 is holding at the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $ 26829, if the support is broken then the next support is $ 26637, $ 26408, and then we can see a drop to around $ 25718. Now let's move to the resistance line, as you can see the first resistance is $ 26952, if you manage to break it, the next resistance will be $ 27133, $ 27311 and $ 27912. Looking at the CHOP indicator, we see that there is energy for the continuation of the move, the MACD remains in a downtrend, while the RSI has room for the price to go up more in the short term.
by cryptodailyuk
EURAUD I 100 pip swing coming soon I Watch and prepare 🎯Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
15
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 the downtrend channel. Let's start with the support line and as you can see the first support in the near future is $1754, if the support is broken then the next support is $1695, $1650 and then we have a support zone from $1601 to $1533. Now let's move to the resistance line, as you can see the first resistance is $1924, if you manage to break it the next resistance will be $2035 and $2127. Looking at the CHOP indicator, we see that there is a lot of energy on the short interval, the MACD is on the verge of returning to the downtrend, while the RSI is moving in the middle of the range, which makes it difficult to clearly determine the direction of the price.
by cryptodailyuk
GBPUSD I Correction upward and more downside Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
3
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 above the local uptrend line, and the EMA Cross 10 and 30 are on the verge of entering an uptrend. Let's start with the support line and as you can see the first support in the near future is $ 26723, if the support is broken then the next support is $ 26129 and $ 25661. Now let's move on to the resistance line, as you can see the first resistance is $ 27534, if you manage to break it, the next resistance will be $ 28002 and $ 29382. Looking at the CHOP indicator, we see that there is still some energy left for further movement, the MACD maintains the local uptrend, while the RSI is approaching the upper limit, which may slow down the growth and give a recovery.
by cryptodailyuk