Daily review of ETH interval 4HHello everyone, welcome to the chart updates of ETH in pair to USDT. As we can see, we have formed a Rounding Bottom formation, the next move depends on maintaining the current level, however, this formation is characterized by the price going up.
As we can see the first resistance has been touched and the price is struggling to hold it, the next one is at $1327 and then at $1477.
Looking backwards, we have the first support at $1289, the second at $1248, the third at $1213 and the fourth at $1182.
On the CHOP index, taking into account the one-day interval, we see that the energy is exhausted, the MACD confirms the ongoing uptrend, and the RSI is in the upper range, which may bring a small rebound.
Fibonaccianalysis
BTCThis is slowly becoming my primary count, Weekly chart can continue to push here while DXY finds a ST bottom, but as we can see my 3rd wave has yet to test the 1.618% around $15k.
Also the measured move breakdown from the recent triangle hits around $12,800. If my DXY analysis is correct and we get $110 ST pump to the dxy BTC should finish the 3rd wave anywhere between $10K to $15K before starting wave 4 to $24K and then ultimately finishing this bear market around $7,500 EOY.
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on the four 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 $17214, if the support is broken then the next support is $17169 and $17111.
Now let's go from the resistance line, as you can see the first resistance is $17311, if you manage to break it, the next resistance will be $17367, $17426 and $17505.
Looking at the CHOP indicator, we see that the energy is slowly increasing, the MACD confirms the uptrend, while the RSI is moving in the upper range, which may indicate a small correction.
BNB / USDT 1DChart Review, Support and ResistanceHello, I invite you to review the BNB chart on a one-day timeframe. First, we will use the yellow line to mark the downtrend line that the price managed to break through the previously formed Bullish Pennant pattern.
We can also see that the EMA Cross 10 red line has crossed the green EMA Cross 30 line from below, which often confirms an uptrend. However, here EMA Cross 50 and 200 should be observed, because only when the yellow line crosses the blue line from below indicates the beginning of a bullish upward movement.
Now we can plot the support spots for the price and here we see that the first support is at $268.4, the second support is at $259.4, the third support is at $251.8 and the fourth support is at $244.
Looking the other way, we see that the price is currently fighting resistance at $ 280.3 and the so-called golden point of 0.618 Fib, but so far it has not been successfully tested and the price has returned below this level. Next we have resistance at $296.8, breaking it will open the way towards resistance at $317.7.
Please pay attention to the CHOP index, which indicates exhausted energy, the MACD indicator confirms the ongoing uptrend, while the RSI indicator is at the upper end of the range, which may indicate an imminent price rebound.
ETH - USDT, 1D Interval Resistance and Support I invite you to review ETH to USDT also on a one-day interval. First, we will mark the downtrend line that the price has crossed going up.
As we can see, the last increase was previously confirmed when the red EMA Cross 10 line crossed the green EMA Cross from below, which is a signal for an upward move.
Next, we see copies of the situation from the BTC chart regarding the arrangement of the current peak with the previous one and the situation on the RSI.
Let's move on to identify the support areas in case the price turns around and here we can mark the support zone from $ 1283 to $ 1242, then the second support zone from $ 1209 to $ 1178, when the price drops lower we have support at $ 1131 and $ 1073 in place of the previous one hole for the price.
Looking the other way, it is worth determining where ETH will encounter resistance on the way to growth. So we can set the first resistance at $1374, then we have resistance at $1447, then a strong resistance zone from $1549 to $1677.
It is worth looking at the CHOP index, which indicates that the energy was used for the last upward move, the MACD confirms the current upward trend, while the RSI, despite the previously discussed formation, is moving in the upper range, which often indicates an upcoming correction.
Daily review of BTC interval 1DHello everyone, I invite you to every Monday review of top cryptocurrencies.
Let's start by checking the situation on BTC in pair to USD, taking into account the one-day interval. As we can see, the BTC price has moved above the downtrend line and is currently moving above the local uptrend line.
Before we move on to determining the support for the price, it is worth looking at the fact that we have currently formed a lower peak than the previous one, while the RSI indicator has the opposite situation. On the chart, the first peak is higher than the second, and on the RSI, the first peak is lower than the second. The formed pattern often ends with a downward price breakout.
Now we can move on to marking places where the price has support. And here we see that we have the first support at $17,272, the second support at $16,920, and the third support at $16,576.
However, when it comes to the resistances that BTC has on its way of growth, we see that the price is currently fighting with the first resistance, the next resistance will appear at the price of $ 17,577, at the so-called golden point of Fib, then the resistance is at the price of $ 17,929 and $ 18,384.
Please pay attention to EMA Cross red 10 and green 30, as we see red crosses green from below which is a pro-growth signal, however, you should keep common sense and watch if it will not be a false step as in the previous situation.
On the CHOP index, we see that most of the energy has been used, while the MACD indicates an uptrend.
Short Update ETH/USDT 4H INTERVALWelcome to ETH Updates. As we can see on the four-hour time frame, the price is moving above the local uptrend line.
Please see that price has moved up from the resistance at 0.786 FIB, when it positively tests this area, we could see another upward move to the resistance at $1353.
At this point, however, it is worth looking at the CHOP index, where we see depleted energy, while the RSI is very high, which may indicate a healthy price correction, to the levels of $1286, $1260 and even $1239.
Daily review of BTC interval 1HHello everyone, let's look at the BTC to USDT chart on a 1-hour time frame. As you can see, the price is moving in a triangle marked with blue lines where it is approaching the exit.
Let's start with the support line and as you can see the first support in the near future is the support zone from $16952 to $16927, if the support is broken then the next support is $16903 and $16870.
Now let's go from the resistance line, as you can see the first resistance is $16969, if you manage to break it, the next resistance will be $17021, $17064 and $17105.
Looking at the CHOP indicator, we see that we have a lot of energy to make a move, the MACD indicates a local downtrend, while the RSI turns up.
Daily review of ETH interval 1DI invite you to review the ETH to USDT chart in a one-day time frame. As you can see, the price has broken the downtrend line upwards.
Let's start with the support line and as you can see the first support in the near future is $1247, if the support is broken then the next support is $1212, $1180 and $1133.
Now let's move on to the resistance line, as you can see the first resistance the price is currently fighting is $1306, if it manages to break it, the next resistance will be $1376 and $1447.
Let's pay attention to the EMA Cross 10 and 30, we can see that the red line is in the process of crossing the green line from below, which usually indicates an increase in price.
Looking at the CHOP indicator, we see that some of the energy has been used, but it is still there, the MACD indicates an uptrend, while the RSI is approaching the upper limit, which may indicate an upcoming correction.
Daily review of ETH interval 4HHello 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 uptrend line.
Let's start with the support line and as you can see the first support in the near future is $1244, if the support is broken then the next support is $1226, $1211 and $1197.
Now let's move on to the resistance line, as we can see the price has bounced off the very important $1275 level at 0.618 Fib, if it manages to break it, the next resistance will be $1309 and $1353.
Looking at the CHOP indicator, we see that the energy has been exhausted, the MACD indicates that we are on the verge of entering a local downtrend, while the RSI indicator is at the upper limit, which may indicate a price correction.
Determining resistance of EthereumEthereum made a strong positive reaction the previous day with a full pullback to the $1,210 support area. This sharp move has broken the resistance of the $1,227 range.
We can consider this failure confirmed with a high probability. Therefore, a pullback to this range can be accompanied by reaction signs. Of course, the point is that the upward movement is strong, and there is a possibility that the pullback is not deep.
Note that the RSI is above 50, and the price trades above the 100 hourly simple moving average.
If Ethereum can overcome the $1,251 resistance that it is currently struggling with, the serious resistance in front of it will be $1,275. The next resistances are $1,309 and $1,352.
On the opposite side, if it cannot stabilize its price above $1,251, the support on the chart will wait for it.
LTCUSDT 1D Interval - Resistance and SupportI invite you to review the LTC to USDT chart on a one-day timeframe. We will start by marking the sideways trend channel and then we can mark the local downtrend line.
Now, with the help of Fib Retracement, we will check the resistance places for the price, and here we see that we first have a strong resistance zone from $74 to $82, when we manage to break it and test it positively, we have another resistance at $93 and $107.
Looking the other way, we can mark the support areas, as you can see we have the first support at $68, the second at $62, then we can mark a strong support zone from $57 to $48, however, if it is broken and the price drops below the lower limit of the channel, we have another support at $40, which is my last low.
As we can see on the CHOP index, the energy has been used for the last move, the MACD confirms the downtrend, while the RSI touched the upper range, which means that we can expect a price correction.
XRP - USDT on 1D interval Resistance and SupportHello everyone, I invite you to review the chart of XRP in pair to USDT, on a one-day timeframe. Let's start by marking the first trend, but before the price can face it, it has to overcome the local trend. Next, it is worth marking the sideways trend channel with blue lines, as we can see, although the price left the channel up, we formed a Head and Shoulders formation and the price returned to the channel.
Now let's move on to determining the support and here we can immediately see that the price is currently based on a strong support at $ 0.35, the next support is at $ 0.29, but in this situation it is worth marking the zone from the lower border of the channel to support as a strong support zone from $0.32 to $0.29.
Looking the other way, we see that we have the first resistance at $0.36, the second resistance at $0.40, when we manage to break it and break above the upper border of the channel, we have a strong resistance zone from $0.43 to $0.46, which the price will have to deal with to measure.
Please also pay attention to the volume, which has definitely increased with the advantage of buyers. On the CHOP index, we see that most of the energy was used to stop the correction, the MACD indicator indicates that we have maintained an uptrend, while the RSI is moving in the lower range, which in the long run should result in an increase in the price.
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 $1205, if the support is broken then the next support is $1193 and $1183.
Now let's move on to the resistance line, as you can see the first resistance is $1227 which the price rebounded from, if it manages to break it, the next resistance will be $1251 and $1276.
We can see that the uptrend was confirmed when the moving average red crossed the green line from below.
Looking at the CHOP indicator, we can see that some of the energy has been used for a correction, the MACD indicates entering a local downtrend, while the RSI shows a nice rebound from the moment we touched the upper range.
Review FTM/USDT 4H IntervalI invite you to review the FTM chart against USDT, on a four-hour interval. in this situation, we can use the yellow lines to mark a triangle in which the price is approaching the exit direction. We can also see that the EMA Cross 50, marked with a yellow line, indicates a downtrend, when we see the yellow line cross the blue line, it will be a signal for a larger upward move.
Now we can move on to identify the support lines that the price should rely on, and here we see that we have the first support at $0.20, equal to the 0.618 Fib Retracemant that has held the price in recent days. We still have support at $0.18 and $0.16.
Looking the other way, we can see that price tried to break through the resistance at 0.618 Fib Retracement three times, but each time it bounced off it, and now we have first resistance at $0.22, second resistance at $0.24, third important resistance at $0.26, and fourth at $0.28.
It is worth paying attention to the volume, which is quite small, but with a visible advantage for buyers. The CHOP index indicates that the energy has been used, the MACD confirms the local uptrend, while the RSI, like the CHOP index, shows overheating, which may cause the price to correct.
BNB / USDT 1D INTERVAL, Support and ResistanceHello everyone, welcome to a chart review of BNB vs USDT on a four-hour timeframe. We can start by identifying with the white lines a sideways trend channel where the BNB price has been moving for a long time. Then we can move on to marking the yellow downtrend line under which we are currently moving.
As we can see the last drop in the price stopped perfectly at 0.786 Fib Retracement at $221.6 which is a strong support for our price and also the lower border of the side channel, when the price goes lower we can see a drop to around $183.4 which is the place of the last low prices. However, the price is currently trading in the support zone from $246.5 to $236.9.
Looking the other way, we see that the first resistance should be up at $253.3 from which it has already bounced twice, the next resistance is at $274.2, then at $290.8, $307.9 and $332.4, this is a very strong resistance, and also the upper limit of the sideways trend channel.
It is worth paying attention to the volume, which is very low at the moment. The CHOP index indicates that the energy is exhausted, the MACD tries to maintain an uptrend, while on the RSI, despite the sideways movement, we see that we are quite high, we have room for price growth, but a small correction can be expected locally.
Daily review of BTC interval 1DHello everyone, I invite you to every Friday review of selected cryptocurrencies. We'll start with a chart review of BTC vs USDT on a single day timeframe. At the beginning, we can use the blue lines to mark the triangle in which the BTC price is moving and we can see that we are getting closer to taking the direction of leaving it.
Let's start with the support line and as you can see the first support in the near future is $16586 equal to 0.618 FIB, if the support is broken then the next support is $16086 and $15456.
Now let's move on to the resistance line, as you can see the first resistance the price is currently fighting is $16762, if it manages to break it, the next resistance will be $17073, $17325 and $17581.
Looking at the CHOP indicator, we can see that there is a lot of energy for a bigger move, the MACD is close to indicating an uptrend, while the RSI is moving below the middle of the range, which could potentially give room for an uptrend.
BNB/USDT 1DChartReview Hello everyone, I invite you to review the BNB/USDT chart on a one-day timeframe. With the help of white lines we will determine the sideways trend channel, while locally we can mark the downtrend line under which the BNB price moves.
Importantly, when we develop the Fib Retracement tool, we can immediately see that the price is in a strong support zone from $251 to $222, however, if the support is broken and the price drops lower, we can see a drop to near the previous low at $184 .
However, if the downtrend ends and we see increases. It is the price will first encounter resistance at $274, then $291, then we have a strong resistance zone from $309 to $331, then resistance at $361, the location of the last high not taking into account the vertical candle.
As we can see, the CHOP index indicates that the energy is slowly rising, the MACD indicator indicates that we have entered an uptrend, while the RSI is moving sideways in the lower part of the range.
Daily review of BTC interval 1DHello everyone, I invite you to every Friday review of selected cryptocurrencies. We'll start with a chart review of BTC vs USDT on a single day timeframe. First of all, we can mark with the help of white lines the sideways trend channel in which the price has been moving for a long time, while locally with the help of the yellow line we can mark the downtrend.
Now, with the help of Fib Retracement, we will check what support the price has on its way. And as we can see, the price is currently holding just below the support at 0.618 Fib Retracement, and the next support is at $16087, lower at $15449, which is the last low, but if the price goes lower, we can see a drop even to around $13648 .
However, in a situation where the trend reverses and the price starts to grow, it is worth marking the places where we can encounter resistance. And so we see that we have the first resistance at $16,760, the second at $17,073, the third at $17,342, and the fourth at $17,554. Only when the price overcomes these four resistances and positively tests the last one, the way to further increases will open.
It is worth paying attention to 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 has been moving in the middle of the range for a long time.