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Fibonaccianalysis

Daily review of ETH interval 1DHello, I invite you to review ETH to USDT, on a one-day interval. let's start by drawing a downtrend line, which as you can see, the price has broken, then we will mark the local uptrend line, above which the price is currently moving. Now as we can see, the price rebounded from the resistance at $1683, only when the price breaks it will move towards the resistance at $1795 and then to the resistance at $2032. Looking the other way, it is worth determining the levels of support for ETH in the event of a correction. And as you can see, we have the first support at $1539, if the price goes lower we have another support at $1451, $1378, and then we have a strong support zone from $1307 to $1203. Further, we can see that the CHOP indicator indicates that the energy is starting to rebound, the MACD, despite the correction, indicates an uptrend, while the RSI, despite the rebound, indicates that we are above the upper range, which may cause the price to correct.
by cryptodailyuk
1
Daily review of BTC interval 1DHello everyone, I invite you to update the BTC chart in pair to USDT, on a one-day interval. As we can see, the price has broken the downtrend line, and now we can use the yellow line to mark the local uptrend line. As we can see, the price has overcome a strong resistance at $ 21,500, while currently BTC is fighting to maintain the level of $ 22,817. Only when it manages to hold, we will see a try of an attack on the resistance at the price of $25,206. Now let's move on to marking support for the price. And as you can see, the previously overcome resistance at $21,500 is now a strong support for the price. If the support is broken, the next resistance is at $20,367 and $19,417. Looking further, we can mark a strong support zone from $18,498 to $17,150, to which the price may fall in the event of a correction. Please pay attention to the EMA Cross 10 and 30, which all the time indicate an ongoing uptrend. The CHOP index indicates that the energy is exhausted and is slowly starting to rise, the MACD confirms the ongoing uptrend, while the RSI is moving above the upper range, which may indicate an upcoming correction.
by cryptodailyuk
NASDAQ 100 Futures for the week 1/23 to 1/27If the market wants to keep a healthy bullish trend, the excess oversold disruption in box 1 should be reflected with price action in box 2, outside of the yellow box. And if the level of prior high at 11727 holds as support upon retesting, we can set our target price at 12068. But if the prior high cannot hold, the market is likely to range. By then, it's safer to wait for the price to break the ranging zone. Otherwise there are too many uncertainties when the market has no specific direction. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
CME_MINI:NQ1!
by stock_adelie
Daily review of ETH interval 4HHello 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 at which the price is currently located is $1612, if the support is broken then the next support is $1594, $1571, $1503. Now let's go from the resistance line, as you can see the first resistance is $1645, if you manage to break it, the next resistance will be $1672, $1692, $1713. Looking at the CHOP indicator, we see that the energy is slowly gaining strength in the 4-hour interval, the MACD indicates entering a local downtrend, while the RSI has a nice rebound, which may give room for new increases.
by cryptodailyuk
Daily review of BTC interval 1DHello everyone, let's look at the BTC to USDT chart on a single day timeframe. As you can see, the price has broken the downtrend line. Let's start by marking the resistance at $23,146 which as you can see, the price has broken and is now struggling to get it, the next very strong resistance is at $25,177. Now let's move on to the support line and as you can see the first support in the near future is $21533, if the support is broken then the next support is $20373, $19438 and $18503. Looking at the CHOP indicator, we can see that the energy has been used for recent increases, the MACD confirms the uptrend, while the RSI is moving above the upper range, so watch out for a correction.
by cryptodailyuk
1
BNB / USDT 4H INTERVAL, STOPLOSS AND TARGETSHello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line, moreover, on the EMA Cross 10 and 30, we can see the crossover point and an indication of entering a downtrend. Let's start with the support line and as you can see the first support in the near future is $287, if the support is broken then the next support is $280 and $270. Now let's move to the resistance line, as you can see the first resistance is $294, if you manage to break it, the next resistance will be $298, $302 and $307. As we can see, the MACD confirms the local downtrend, while the RSI has a nice recovery and room for new growth.
by cryptodailyuk
MATIC / USDT 1D chart Resistance and SupportNow we will check the situation on the MATIC chart in pair to USDT, also on a one-day interval. at the beginning, let's mark with a white line, the main downtrend line, however, we can see that the price has broken the local downtrend line. Now let's move on to checking where we currently have support for the price. And here we see that we first have a support zone from $0.93 to $0.81, if the price goes lower then the next support is at $0.70 and then $0.53. Looking the other way, we can see that the price has bounced off an important resistance at $1.04, then there is resistance at $1.20 and $1.45. Now look at the CHOP index, which indicates that the energy is starting to rise, MACD indicates that despite the correction, we are maintaining an upward trend, while the RSI shows a nice rebound, thanks to which we have a new place for growth.
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by cryptodailyuk
BTCI want to say bottoms in but really can't, all prior corrections have corrected around 84-86%. Now that doesn't mean 77% correction isn't possible as this is BTC and anything is possible. But seems like there is much confluence around $10,000 and a push here to $25k would need to keep running in order to invalidate my analysis. Seems more probable that $24-$26K holds the B wave move and we get a final nuke to $10,000 to finish up this part of the correction. Looking at weekly, 3D stoch rsi and we see that BTC has hit overbought while struggling to break $22k and flip $20K into support. Monthly stoch rsi very oversold, but the longer is remains oversold the weaker the move up into overbought can be. But I think while BTC stays flat to up and finishes working out the Wave B here that many altcoins can pump. So for now jury is out on bottoms in callers IMO.
KRAKEN:BTCUSDLong
by Big_Mike716
11
Daily review of BTC interval 1HHello everyone, let's look at the BTC to USDT chart on a one 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 $20665, if the support is broken then the next support is $20482, $20338 and $20190. Now let's go from the resistance line, as you can see the first resistance is $20878, if you manage to break it the next resistance will be $21174 and $21646. Looking at the CHOP indicator, we see that in one hour interval, there is energy for further movement, the MACD indicates an uptrend, and the RSI has a small rebound and room for further growth.
by cryptodailyuk
1
LTCUSDT 1D Interval - Resistance and SupportHello everyone, I invite you to review the chart of LTC in pair USDT, taking into account the one-day interval. As you can see, the price has been moving in the uptrend channel for a long time, but currently we can see that we are on the verge of exiting the downtrend channel. In such a situation, it is worth marking the places of support for the price, and here we see that the first support has been broken, the second is at $80, the third is at $76, and the fourth is at $72.50. Looking the other way, we see that the first resistance is again at $85, while once the price breaks it, the next significant resistance is at $100. Please also look at the CHOP index, which indicates that the energy is slowly starting to grow, the MACD is close to indicating a downward trend, and the RSI has a rebound after almost a month's increase.
by cryptodailyuk
Daily review of BTC interval 1DHello everyone, I invite you to update the BTC chart, taking into account the one-day interval. As we can see, the price has broken the downtrend lines, what's more, we can mark the Cap and Handle pattern here. As you can see, the formation begins with an increase and the formation of the first round, we have now returned to the level before the price fell and now we should watch whether the price will form a second but this time smaller round. the formation built in this way is characterized by the exit of the price upwards. Let's move on to marking the support areas for the price in the event of a deepening correction. As we can see after stretching the Fib Retracement mesh, we have the first support at $20,197, the second at $19,281, the third at $18,588, and the fourth at $17,828. Looking the other way, it is immediately clear that the price must first break through and then positively test the resistance zone from $20,935 to $21,471, only then will the way open towards the strong resistance at $25,182. As we can see, the CHOP index indicates that the energy was used for an upward move and we are currently starting to recover it, the MACD confirms the ongoing uptrend, while the RSI shows a small rebound due to the current correction. When we look at the EMA Cross 10 and 30, we can see that despite the correction, nothing has changed so far and they indicate an upward trend.
COINBASE:BTCUSD
by cryptodailyuk
1
SANDUSDT time to retrace?SAND had a huge breakout as I mentioned in my previous idea () where the price printed a clear 66% after breakout and after satisfying our Plancton's Rules. Not the price is over extended and it's testing the 1.618 Fibonacci level exactly on the supply zone. We can see how the price formed a clear falling wedge exactly on the weekly support on 0.38$ area and after the false breakout, the market started with the bullish movement. What's next? The price could have a retracement until the 0.618 Fibonacci level (the 0.6$ area) if the price is going to lose the current support (0.7$) area, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
8
Daily review of BTC interval 4HHello everyone, I invite you to a short discussion of the Rising Wedge formation created on the BTC chart. We can observe the formation of the Rising Wedge, which is characterized by a bottom exit from the channel. For a possible play, you should keep the stop loss at $ 21,630, while entering positions in the marked channel, but the safest will be at $ 20,755, after leaving the channel at the bottom. The target that can be taken into account is around $ 19,686. Please watch the EMA Cross 10 and 30 when the red line crosses the green from above to confirm this entry into a downtrend.
by cryptodailyuk
Daily review of BTC interval 4HHello everyone, I invite you to review the BTC chart taking into account the four-hour interval. As we can see, the price broke the downtrend line and went above the trend line. Currently, BTC is fighting a strong resistance at $21,488, only when the price breaks above the indicated level, it will start moving towards the resistance at $23,145, and then to the resistance at $25,221. Looking the other way, it is worth marking support areas when the price starts to fall. And here we can mark the level of $20039 as the first support, then we have support at $19166 and $18448, then there is a strong support zone from $17749 to $16759. However, here it is worth taking a closer look at the formed formation called Rising Wedge, which, unfortunately, is characterized by leaving the formation with a downward move. In such a situation, we can mark the places of stoploss and entry into a possible position and the possible target to be achieved. It is worth remembering that leaving the indicated formation usually takes place after a failed fourth attempt to break up. As we can see, the CHOP index indicates that we have a lot of energy for a new move, the MACD indicates a local downtrend, while the EMA Cross 10 and 30 indicate that we are in an uptrend.
by cryptodailyuk
2
XRP - USDT on 1D interval Resistance and SupportAs the last one in today's chart, we have the XRP to USDT chart on a one-day time frame. As we can see, we are just below the downtrend line, which XRP is clearly trying to break. What's more, we can see a rounding bottom formation formed, which after positive resistance testing is characterized by an upward exit, in this situation we need to positively test resistance at $0.39, then we can see resistance at $0.43, then a strong resistance zone from $0.46 up to $0.50. However, if it happens that the price does not follow the formation and our expectations, we can observe a correction in this situation, we have the first support at $0.38, the second at $0.37, and then the support zone from 0.35 to $0.34. On the volume, we can see a definite advantage on the buyers' side, which is positive news for us. The CHOP index indicates that the energy is starting to gather strength, the MACD confirms the uptrend, but the RSI is moving at the upper end of the range, which may indicate a moment of rebound before further growth.
by cryptodailyuk
1
BNB / USDT 1D INTERVAL, Support and ResistanceHello everyone, welcome to the chart review of BNB vs USDT on a single day timeframe, as we can see the price of BNB, which previously formed a rounding bottom pattern, in line with the pattern, came out above breaking the resistance level. As we can see, the exit level of the rouding bottom in this situation is the first price resistance we are fighting, then we have the resistance at $309 and $331, which can be targeted in the event of a positive exit from the top of the pattern. However, should the price rebound from the $290 level, we can mark several support areas, starting at the $275 level, then $265, $256 and the strong support zone from $247 to $238. The CHOP index indicates depleted energy, the MACD confirms an uptrend, the RSI is moving at the upper end of the range, however when we look at the EMA Cross 10 and 30, we can see that the 10 has crossed the 30 from the bottom, which is confirmation of an uptrend.
by cryptodailyuk
1