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Fibonaccianalysis

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
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As we can see, the price has spectacularly left the downtrend line, recording a 30% price increase in recent days. When we use the Fib Retracement tool, we can see that key levels like 1, 1.618 Fib, are easily broken, the next significant level is at 2.618 Fib, but before that price must break through the resistance at $21,476. However, we have the first support at the price of $ 20,101, then at $ 19,368, and below the support zone from $ 18,773 to $ 18,177. Looking at the CHOP indicator, we see that any collected energy is quickly used for growth, and similarly, on the RSI indicator, despite crossing the upper range, the smallest rebounds are used for price growth.
by cryptodailyuk
1
XRP | Unlocking the Secret Bonus LevelWelcome XRP friends! Wondering where we're going? Here are some things to consider : As we come out of our US Thanksgiving Day food comas, we're looking at some decent gains on the most recent run BUT, you're asking if this is it? Honestly, I think it still has legs for the 0.45 area where we find resistance at the 200 EMA Look at the fork and see if it makes sense to go there, I think the Fibonacci's all suggest it's possible. Remember, XRP ALWAYS pumps before mad dumps and there's still a ton of overhead selling pressure if you look at the VPFR, Look at all the volume that went into the 0.50+ range before the most recent selloff. Check out recent statements by Ripple CTO regarding ETH looking more and more centralized as a result of much of the network relying on AWS servers. What a comedy show and Vitalik looks more tarded with each passing day. Bitty is also having plenty of negative light being cast, I can't see us NOT having more down. Anyway, see you at the bottom . . eventually
by FudBox
11
DOT / USDT 4H CHART - Resistance and SupportHello everyone, I invite you to review the DOT/USDT chart, on a four-hour interval. Let's start by marking the downtrend channel with the blue lines, as we can see, we are close to the third attempt at an uptrend from the channel as the price has bounced off this border twice already. However, here we can also see a rounding bottom pattern formed, which may help change the current trajectory of the move in this situation. When the price positively tests the current resistance level, we should see an upward move. As for the support that is relevant at the moment, we should mark the support zone from $4.76 to $4.22. However, when the price retests the first resistance and we move further up, the price will have to break the resistance zone from $5.43 to $5.80, only then we will move towards $6.18. When we look at the EMA Cross 10 and 30, we see that the red line has crossed the green one from below, which is a confirmation of the price increase signal, but it should be watched for a false breakout.
by cryptodailyuk
SPY Swing Long on ReversalSPY dropped to a mid Fib level from the recent pivot high and bounced. Price is now rising in a channel predictive for a 1% rise tomorrow. The ADX indicator shows the negative direction reversed and now positive and rising out of the chop zone confirms the reversal as a solid one not a fake out as does the MACD with a crossover under the histogram I will trade this with strike 392 calls for expiration this Friday expectant for 25+% return in two days
AMEX:SPYLong
by AwesomeAvani
1
BNB / USDT 1D INTERVAL, Support and ResistanceI invite you to update the BNB/USDT chart on a 1-day interval. As we can see, we are at the stage of testing the exit level from the rounding bottom pattern. It's worth watching what happens at the moment, because it could potentially be a good time to try to trade the position with a proper stop loss. 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
Daily review of BTC interval 1DHello everyone, I invite you to update the situation of BTC on a one-day interval. As we can see, the market woke up and the price went above the downtrend line. We could see the formation of a rounding bottom pattern, which is characterized by the effect of breaking the resistance level and increasing the price, which we can also observe. Now it's worth checking where btc is going next. Using the Fib Retracement tool, we can check the current resistances that the price has to face. And here we can immediately see that we are at a crucial moment at the resistance level of $19190, and also at 0.618 Fib, which is called the Fib golden point. We can see that the price is testing the current resistance, which may provide some respite before further upward movement, near the resistance at $20179 and then $21486. Once the current resistance level is pushed back and the price begins to fall, we can establish support at $18,456, then $17,882, and a strong support zone from $17,435 to $16,271. As we can see on the CHOP index, the energy has been used for the current upward movement, the MACD confirms the upward trend, while the RSI indicator moves above the upper range, in a place where we often had a feedback reaction and price correction, but it does not mean that we will not see another upward movement .
COINBASE:BTCUSD
by cryptodailyuk
1
Daily review of ETH interval 4HHello everyone, I invite you to update the latest ETH analysis on a four-hour interval. As we can see, the price followed the designated Rounding Bottom formation, broke the Resistance Level, then positively tested it and moved upwards, in accordance with the presented movement. Still the main resistance to which the price is heading is the $1477 level. However, when it comes to the support that we should take into account now, we can set the support at $ 1408, which is currently being tested by ETH, then our previous resistances are new support for us. As we can see on the CHOP index, the energy has been spent on the last upward move, while the RSI is moving in the upper range. These data may indicate a moment of respite and recovery of the indicators.
by cryptodailyuk
1
Daily review of BTC interval 1DI invite you to the BTC review, on a one day interval. As we can see, the price has moved above the downtrend line. We continue to see that BTC struggled to break through the $18,372 level where it ran out of energy last time, however, it has now managed to break out of that level and the price is heading towards the resistance at $19,199, which is located at the so-called golden Fib point. The next resistance is around $20,194 and then $21,499. This is what the current movement may look like before further growth. Now it is necessary to check to what level the price can drop if the level of $18372 does not hold the price. And here it is worth marking the support zone from $ 17,222 to $ 16,796. The CHOP index indicates that the energy is depleted in the four-hour interval, while the RSI index has crossed the upper range, which may also indicate a small rebound.
by cryptodailyuk
1