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Fibonaccianalysis

Support and resistance zones for DOT / USDTWe managed to exit the downtrend channel marked with blue lines and change it to the current uptrend marked with yellow lines. It is worth highlighting two areas of support that we have: The first zone FROM $ 8.81 TO $ 8.24 and the second zone FROM $ 7.36 TO $ 6.78. THEN WE LOOK AT RESISTANCE ZONES AND CURRENTLY WE ARE TESTING A ZONE FROM $ 9.64 TO $ 10.61 IF YOU CAN CHOOSE IT, ANOTHER IMPORTANT RESISTANCE ZONE FROM $ 15.49 - $ 21.30. IT IS WORTH NOTICE THAT ON A ONE-DAY INTEWRALE WE HAVE A LOT OF ENERGY FOR THE NEXT MOVEMENT AND THAT THE MACD INDICATOR CONFIRMS THE LOCAL IMPROVEMENT TREND.
by cryptodailyuk
4
Daily review of BTC interval 1HHello everyone, let's take a look at the BTC to USDT chart over the 1 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 $ 23,743, if the support breaks down, the next support is $ 23,528, $ 23,365 and $ 23,198. Now let's move from the resistance line as you can see the first resistance is $ 24,127, if you can break it the next resistance will be $ 24,295, $ 24,470 and $ 24,722. Looking at the CHOP indicator, we can see that in the 1-hour interval we still have a lot of energy and the MACD indicator shows a local upward trend.
by cryptodailyuk
[08/12] Beast Trading _ Today's Bitcoin Perspective Beast Trading _ Today's Bitcoin Perspective Bitcoin continued to be accompanied by buying yesterday, renewing its high point as predicted by the market. However, since the high-point renewal position is the section where one wave is over, it usually falls after the high-point renewal. Yesterday, it also renewed its high point and touched the Fibonacci 0.5 section from 32.4k to low point, and showed a decline without breaking through the blue upward trend and parallel channel break. Before falling, I expected Bitcoin/Etherium to fall by 1 hour in the field room, with my head bent downward from the high point of Divergence Confirmation + 4 hours Stocastic (533). Currently, the 4-hour Stocastic (533) is coming back to the bottom and looking for a rebound. The market picture is 4 hours/per-bill, and the important support/resistance line in the big frame is The bottom line of the channel following the red circle is the support line, Resistance lines are green Fibonacci 0.618 (26750), 0.786 (29240), 0.886 (30710) Parallel channel break line 25300 Parallel channel top line 27300 It's going to be about 25400 blue uptrend. + dominance Additionally, the Dominion continues to fall, and if there had been a sideways or additional rise from yesterday's high, the Alt's full-fledged pumping would have begun, but the decline has been stronger than expected, so it is ambiguous. You'd better wait and see before proceeding with the altcoin trading.
by BeastTrading_Sehyun
3
SOL - USDT 1HChart, targets and stoplossHello everyone, let's take a look at the 1H SOL to USDT chart as you can see the price has come sideways from the uptrend channel. Let's start by setting goals for the near future that we can consider: T1 - $ 44.85 T2 - $ 45.73 T3 - $ 46.47 T4 - $ 47.2 and T5 - $ 48.23 Now let's move on to the stop loss in case of further market declines: SL1 - $ 43.56 SL2 - $ 43.02 SL3 - $ 42.48 SL4 - $ 41.68 and SL5 - $ 40.72 Looking at the CHOP indicator, we can see that in the 1H range we have more and more energy and the MACD indicator shows a local downward trend.
by cryptodailyuk
Daily review of BTC interval 1HHello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, the price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 24,302, if the support breaks down, the next support is $ 24,101, $ 23,902 and $ 23,610. Now let's move from the resistance line as you can see the first resistance is $ 24828, if you can break it the next resistance will be $ 25,171, $ 25,468 and $ 25,753. Looking at the CHOP indicator, we can see that in the 1-hour interval we have a lot of energy, and the MACD indicator shows a local downward trend.
by cryptodailyuk
2
Is the correction finished?I think we are still in the possibility that this is all a triple correction and there is still a final drop according to Elliott. And by psychological analysis, after the waves of large liquefaction, it is necessary to give an answer to the market to suspend the small fish. It is illogical for the price to flow with that nonsense to rise directly without noticing large volumes. I have 3 possibilities to think of: 1- We will visit 18 thousand and we will go up because everyone will think that we are going down to 12 thousand, especially after the answer that the market has gained. 2- Not to stop within 18 thousand and penetrate it directly, I think because the price will not go down under 14 thousand, but the bottom cannot be expected before you saw the drop and its shape, so it remains talk. 3- This is a real bullishness and we missed the bottom. We are waiting for the end of wave 1 of the impulsive wave (I have not been able to draw any impulsive wave that supports this analysis). Please let us know what you think and what you think
Short
by seif2850
1
[08/11] Beast Trading _ Today's Bitcoin Perspective Beast Trading _ Today's Bitcoin Perspective Recently, if Bitcoin continues to set a short-term trend, it continues to move in that direction. Currently, it is such a trend, but yesterday's CPI announcement showed 8.5 which is lower than the expected 8.7, resulting in a strong rise with a huge trading volume along with NASDAQ. Looking at the overall wave, the C wave ends briefly at 22.6k, where the bottom line of the large parallel channel meets, and the adjustment of the increase from 20.7k to 24.7k has ended, and it seems that a new upward trend has begun. So, for now, we're expecting 24.7k (high point) to break through, and we're looking forward to 26-27 lines. As Bitcoin rises as the dominion decreases, there is a possibility that alt coin pumping will start. The resistance hanging above is currently 24.5 to 24.6k with a downward trend from 32k, with a full-point resistance of 24.7k and a peripheral channel break of 25k. Entering the short position will not be a good choice for profit and loss because there are not many sales stands above if it breaks the overall high point. I hope you get good results today!
Long
by BeastTrading_Sehyun
3
NDXZooming out, NDX looks strong, as per EW rules the 5th wave must match the 1st wave in both time and %. That said fomo can obviously send the 5th much higher and also terminate the trend earlier. But for now in respect to the fact that EW is not a crystal ball , I would say that since I am counting the 4th wave finished on the week June 13th 2022 the bulls have until July 2023 to finish the 5th wave at my projected target of 18,600. (not accounting for any Fomo) Also I expect a correction soon back to 12,300 or there about to make the LTF daily chart W2.
TVC:NDQLong
by Big_Mike716
Daily BNB SHORT review 1HHello everyone, let's take a look at the 1H BNB to USDT chart as you can see the price is trying to come out of the local downtrend channel. Let's start by setting goals for the near future that we can consider: T1 - $ 322 T2 - $ 325 T3 - $ 328 T4 - $ 332 and T5 - $ 338 Now let's move on to the stop loss in case of further market declines: SL1 - $ 316 SL2 - $ 313 SL3 - $ 310 SL4 - $ 308 and SL5 - $ 304 Looking at the CHOP indicator, we can see that in the 1H range the energy slowly starts to rise, while the MACD indicator shows a local upward trend.
Short
by cryptodailyuk
MATIC/USDT - Targets and StoplossHello everyone, let's take a look at the 1H MATIC to USDT chart as you can see the price has dropped below the local uptrend channel. Let's start by setting goals for the near future that we can consider: T1 = $ 0.8937 T2 = $ 0.9083 T3 = $ 0.9201 T4 = $ 0.9345 T5 = $ 0.9529 and T6 = $ 0.9737 Now let's move on to the stop loss in case of further market declines: SL1 = $ 0.8634 SL2 = $ 0.8510 SL3 = $ 0.8412 SL4 = $ 0.8307 SL5 = $ 0.8168 and SL6 = $ 0.7988 Looking at the CHOP indicator, we can see that in the 1H band the energy has been used for the current price decline, and the MACD indicator confirms the local downward trend.
MShort
by cryptodailyuk
2
Daily review of BTC interval 1HHello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, the price has dropped below the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 22,823, if the support breaks down, the next support is $ 22,615 and $ 22,451. Now let's move from the resistance line as you can see the first resistance is $ 23,174, if you can break it the next resistance will be $ 23,375, $ 23,535, $ 23,701 and $ 23,939. Looking at the CHOP indicator, we can see that in the 1-hour interval the energy has been used and the MACD indicator confirms the local downward trend.
by cryptodailyuk
2
SHIB / USDT on 1Day IntervalHi everyone, Let's take a look at the SHIBUSDT chart on the 1 day time frame. As you can see, we are moving in the downtrend channel marked with yellow lines. It is worth setting a support zone from which the SHIB price has rebounded, and 3 important resistance zones that the price has in front of it. We are currently fighting the first one from $ 0.00001245 to $ 0.00001567. However, it should be taken into account that in order to break the first resistance zone, we have to leave the downward channel upwards and change the trend in the long term. The CHOP indicator shows that we are starting to gain more and more energy and the MACD indicator shows a local upward trend.
by cryptodailyuk
XRP at the top of the support zone!Hello, we are reviewing the XRP to USDT chart on a 1 day time frame looking at the long term. It is worth designating two channels, the yellow lines for the uptrend channel and the blue lines for the downtrend channel in which we are currently. A price behavior that moves from the bottom to the top of the channel can be used for short-term licks. It is worth noting that we are currently in the lower part of the channel and in the support zone. Looking at the price of XRP in the long term, it is worth setting two resistance zones that we must overcome in the future, the first is from $ 0.682 to $ 0.947, while the second is from $ 1.33 to $ 1.62. Let us pay attention to the CHOP indicator which indicates that on the 1-day interval we are starting to regain energy, and the MACD indicator shows that the blue line has crossed the red one from the bottom, which confirms the local upward trend.
by cryptodailyuk
3
TEVA - Double Bottom?TEVA has been a repair story now for many years. With litigation in the process of being resolved, debt burdens of $2 bn. per year appear manageable with cash flow - TEVA is moving away from a debt/litigation story to an equity story. Cash Flow of $3bn + per year, Net Income of ~ 2bn.+.... warrant a blended Intrinsic Value of ~ $22 per share. TEVA's technicals show a textbook double bottom with positive divergence. Reverting to trends and fibonacci levels confirm $22 target.
NYSE:TEVALong
by The-Trend-is-the-Friend
2