Get started

Fibretracement

Daily ETH 1DChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, we will focus on the one-day timeframe. We will start by marking the second trend line, from which, as you can see, the price went up, then it is worth defining the main trend, which has not been touched so far, currently, for ETH to beat the main trend, the price would have to exceed around $ 2700. At this point, we will also check what the EMA Cross 50 and 200 indicate, as you can see after a long-lasting downward trend, we have a visible confirmation of the return to the uptrend and despite the current correction, nothing changes. Next, we will define with the blue lines, the uptrend channel in which the price is moving from the last low. Now let's move on to checking where the price should meet support in the event of a continuation of the current correction. And here we can first mark the strong support zone from $ 1848 to $ 1673, but if the price falls below the next support we have at $ 1520 levels, third at $ 1366 and then fourth at $ 1154. Now, in the same way, using the Fib Retracement tool, we will check the places of resistance for the price if the situation reversed and the price started to rise. In the same way, in the first place, we can mark a very strong resistance zone from $ 1916 to $ 2224, which, as of now, the price has not had the strength to overcome, but when it succeeds, we will be able to observe an attack on the resistance at $ 2543, and then a third resistance at the price of $ 2991, and the fourth resistance at $ 3573. Please note the CHOP Index, which indicates that the energy is starting to gain strength after it has been used to correct the price, the MACD indicates the transition to a downtrend. On the other hand, on the RSI, despite the fact that we see a rebound, there is still room for the price to go lower, which may deepen the correction towards the previously mentioned support zone. It is worth watching whether the designated zone will keep the price.
by cryptodailyuk
BTC | AIM 32K! So, imagine you're a sniper, carefully eyeing your target through your scope. Suddenly, you notice something strange - the movements of your target seem to be following a pattern! You take a closer look and realize it's the Fibonacci sequence! As any savvy sniper knows, Fibonacci retracements can be a handy tool in trading. So you whip out your Fibonacci tool (which, for the record, looks a lot like a ruler with some fancy numbers on it), and start drawing your lines. You carefully calculate your entry and exit points, making sure to account for all the Fibonacci levels. And then, just as you're about to pull the trigger (on your trade, of course), your target moves - just like the sequence predicted! You adjust your aim slightly, recalculating your Fibonacci levels on the fly. And then, with a steady hand and a calm mind, you take the shot. The market reacts with a satisfying ka-ching, and you walk away with a tidy profit. As you pack up your gear and head off into the sunset, you can't help but think: "Sniping is all about precision and timing - just like trading with Fibonacci retracements!
Long
by xuk1
5
US30 : Butterfly Harmonic PatternCURRENCYCOM:US30 As you can see , beautiful , Butterfly harmonic pattern is done It's a bearish pattern , Market now after completion of D leg , now intent to do a 38.2 % retracement it's a pattern with 70 % accuracy , market now in overbought position you can take your short trades and target for 33205 area Trade properly with risk management , don't try to overtrade or do revenge trade Patience is key in this field , you should have steel nerves risk reward ratio 1;2 or 1;3 is ideal in intraday trading
UShort
by INVESTRONE
3
BNB/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the BNB chart in pair to USDT, also on a one-day timeframe. First of all, using the blue lines, we can mark the sideways trend channel in which we are approaching the upper limit, while locally we managed to beat the downtrend lines. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and as you can see we have the first support at $317.1, the second support at $298.5, the third support at $283.5 and then the fourth support at the lower border of the sideways channel at $268.4. 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 HKEX:330 , which is the so-called golden point of 0.618 Fib, the next resistance is at $359.9, and then the third resistance at $398.3. The CHOP index indicates that most of the energy has been used. The MACD indicator is back in an uptrend. On the other hand, on the RSI we are moving in the upper part of the range with a small rebound visible.
by cryptodailyuk
1
Daily BTC 4HChart - resistance and supportHello everyone, I invite you to review the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will use the blue lines to mark the downtrend channel from which the price went up. Now we can move on to marking support areas in case of deepening correction. And here we have the first support at $25656, then it is worth marking the support zone from $24819 to $24164, but when we fall below this zone, we can see a drop around $23490 and even $22525. 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 resistance at $26,512, which the price failed to test positively, when we manage to break it, we have resistance at $27,349, then at $28,114 and $29,297. At this point, it is worth looking at the EMA Cross 10 and 30, this indicator nicely shows the place that was a confirmation of entering an uptrend. Please pay attention to the CHOP index which indicates that the energy has been used, the MACD indicator indicates the entry into a local uptrend, while on the RSI we went above the upper limit, which quickly turned the price back.
by cryptodailyuk
1
ADA/USDT 4HInterval Resistance and SupportI invite you to review the chart of ADA in pair to USDT, on a four-hour interval. First, we will use the blue lines to mark the downtrend channel from which the price has gone up. Moving on, we can move on to highlighting the support spots, we currently see a price correction where the ADA is based on the first support at $0.32, the second support at $0.30, the third support at $0.29, and the fourth support at $0.27. Looking the other way, we see first resistance at $0.33, then we can mark a strong resistance zone from $3.34 to $0.36, and then resistance at $0.37. Please look at the CHOP index, which indicates that the collected energy is used for correction, but we still have a continuation of the move, MACD indicates a return to the downtrend, while the RSI has a strong rebound, which creates room for new increases.
by cryptodailyuk
Daily ETH 1DChart - resistance and supportHello everyone, I invite you to view the chart of ETH in pair to USDT, also on a one-day interval. First of all, using the yellow line, we can mark the downtrend line that the price has overcome upwards. At this point, it is also worth looking at the EMA Cross 10 and 30, which at this point indicate a return to an uptrend, but be careful if it turns out to be a false breakout. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and as you can see, we have the first support at $ 1623 which the price is currently approaching, the second support at $ 1576, the third at $ 1526 and then the fourth support at $ 1457. Looking the other way, we can also determine resistances for the price, but here you can see that the price must break the strong resistance zone from $ 1664 to $ 1743, only when the price breaks out of this zone and then tests it positively, we will be able to observe further increases. As we can see, the first day showed a nice increase, which indicates a growing sales volume. The CHOP index indicates that the energy has been used. The MACD indicator indicates a return to an uptrend. On the other hand, the RSI shows a rebound after the last increase, which may give a positive breath for further increases.
by cryptodailyuk
SOL/USDT 1DInterval Resistance and SupportHello everyone, let's look at the SOL to USDT chart on a single day time frame. As you can see, the price has left the upper downtrend channel. Let's start with the support line and as you can see the first support in the near future is $20.71, if the support is broken then the next support is $19.82, $19.08 and $18.37. Now let's go to the resistance line, as you can see the first resistance is $21.61, if you manage to break it, the next resistance will be $22.87 and $24.72. Looking at the CHOP indicator, we see that the energy is slowly rising, the MACD indicates the entry into an uptrend, while the RSI shows that there is room for continued growth.
by cryptodailyuk
DOT/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the DOT chart in pair to USDT, on a one-day timeframe. First, we will use the blue lines to mark the downtrend channel from which the price has gone up. Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $5.47, the second support is at $5.07, the third support is at $4.74, and the fourth support is at $4.41. Looking the other way, we see that the price is fighting the resistance at $6.16, which so far has no strength to break. However, if it manages to break out above, the second resistance is at $6.40, the third at $6.75 and the fourth at $7.18. Please look at the CHOP index, which indicates that we are gaining more and more energy, the MACD indicates that we are close to entering an uptrend, while the RSI also shows a rebound and a lot of room for continuation of the move.
by cryptodailyuk
BNB/USDT 1DInterval Resistance and SupportAs the second chart in the review, we looked at BNB against USDT, as well as on a single-day timeframe. First, using the yellow line marked with the local straight line of the downtrend from which the price comes up, and then with the help of the blue line marked with the straight line of the downtrend at which the price returns. Now let's move on to the designations of support places. And as you can see, we have the first support at $303, the second support at $296, the third support at $290, and the next support at $284. Looking the other way, we can also determine the places where the price should be on the upward path. And here we have the first very strong resistance at the price of $310, which the price concerns, however, quickly returned, the next resistance is at the price of $322, and then the third resistance at the price of $338. As you can see the CHOP index actually, that the energy quickly gathers strength. MACD indicator indicating entering an uptrend. While on the RSI, a visible strong increase may cause a temporary stagnation or correction.
by cryptodailyuk
Daily BTC 1DChart - 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 one-day interval. The last few days have been troublesome for many investors and a lot of fears have popped up around the cryptocurrency market, which significantly lowered the valuation of Bitcoin. However, one day was enough to rebuild the losses and here, first, we will use blue lines to mark the local downtrend channel, from which, as you can see, the price has definitely moved upwards. Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking the support at the price of $ 23178, the second support at the price of $ 22353, the third at the price of $ 21650, then we have a strong support zone from $ 20993 to $ 20045. Looking the other way, also using the Fib Retracement tool. First, we will mark a strong resistance zone from $24034 to $25226, only when the price breaks out of this zone and positively tests it will open the way towards the resistance at $28802. As we can see after turning on the Cross 10 and 30 EMAs, we can see that they are still in a downtrend, but there is a definite change in direction. Please pay attention to the CHOP index, where we can see that the energy is gathering strength very slowly, the MACD indicator is on the verge of entering an uptrend, while the RSI has a definite increase, we see that we are approaching the upper limit, which may slow down the current growth or give local correction.
by cryptodailyuk
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 quickly rebounded and returned above the downtrend line. Let's start with the support line and as you can see the first support in the near future is $1616, if the support is broken then the next support is $1569, $1531 and $1493. Now let's move on to the resistance line, as you can see the first resistance is $1662, if you manage to break it, the next resistance will be $1743 and only when we break it can the price move on. Looking at the CHOP indicator, we see that the energy has been used for the current large increase, the MACD indicates an uptrend, while the RSI has reached the upper limit, which may slow down the price increase for a while.
by cryptodailyuk
LTC/USDT 1DInterval Resistance and SupportI invite you to review the LTC 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 support is at $83, where the price is currently located, the second support is at $77, the third support is at $70, and then we have the fourth support at $60. Looking the other way, we see first resistance at $88 to $91, then second resistance at $94 to $97, then support at $100, then support at $105. Please look at the CHOP index, which indicates that there is some energy left for further movement, the MACD indicates that we are moving in a downtrend, while the RSI has a rebound and we are approaching the lower limit of the range.
by cryptodailyuk
Daily BTC 1DChart - resistance and supportHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the blue lines to mark the uptrend 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 in the first place it is worth marking the support zone from $ 22963 to $ 20415, then we have support at $ 20415, the next support is $ 19187, but when we fall below, we can see a drop around the very strong support zone from $ 17590 to $ 15502 . Looking the other way, we can determine the places of resistance in a similar way. We will first mark the resistance zone from $23,700 to $25,604, when we manage to break it, we have a second resistance at $28,306, then the price has strong resistance at $31,806. As we can see on the EMA Cross 10 and 30, they indicate the continuation of the uptrend The CHOP index indicates that we have a lot of energy for a new move, the MACD indicator indicates a downward trend, while the RSI shows a visible rebound, but we are still in the upper part of the range.
by cryptodailyuk
9
BTCUSDT - Descending Triangle After loosing a key Weekly on a move to the downside, next question is where to next right? Spent the morning trying to second guess the market and in essence try predict the price. Garbage. Trade the moment and whats in front of you. Knowledge is power. Well respected in my opinion backed by some decent fibs is a descending triangle. Fibs drawn from highs to lows, where 0.618 resistance levels within the triangle seem to be well respected. The 3rd of which is an estimate. Breakouts, I suspect are outside the triangle, with each of the previous Fibs at 0.618 acting again as resistance. Target low should the price break down, be the fib extensions 1:1, in red. 1 particular of interest is the nPoc at 22,500. Note: 4 consecutive days where the price hasnt broken higher then the day (or previous day close). Ill consider bullish momentum should we break above yesterdays close price, especially a closing a day.
by hmaroudas
1
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 is moving below the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $23313, if the support is broken then the next support is $22848 and $22185. Now let's move on to the resistance line, as you can see the first resistance is $23785, if it breaks down, the next resistance will be $24060, then $24296 and then the resistance zone from $24517 to $24837. Looking at the CHOP indicator, we see that the energy is used to decrease the price, the MACD indicates a local downtrend, while the RSI has a strong rebound and is approaching the lower end of the range.
by cryptodailyuk
Daily review of BTC interval 4HHello everyone, I invite you to review the BTC pair to USDT taking into account the interval of four hours. First, we will use the yellow line to mark the local line of the falling trend under which the price is currently moving. Now we can move on to marking the support areas in case of a deeper correction. And here, in the first place, it is worth marking the support at the price of $ 21,412, then we have a support zone from $ 21,007 to $ 20,666, but when we fall below this zone, we can see a drop to around $ 20,339, then to the price of $ 19,868 and even $ 19,265. As we can see, EMA Cross 10 and 30 indicate continuation of the downtrend. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First, we have resistance at $22,300, once we break it, we have resistance at $22,891, then there is a zone of strong resistance from $23,341 to $23,797, and then price can move towards $24,432 resistance. Please pay attention to the CHOP index which indicates that there is still a lot of energy left for the move, the MACD indicator indicates the maintenance of the local uptrend, while the RSI is moving in the lower part of the range.
by cryptodailyuk
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. 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 in the near future is $21873, if the support is broken then we have a support zone from $21226 to $20399. Now let's go from the resistance line, as you can see the first resistance is $22,101, if we manage to break it, then we have a strong resistance zone from $22,520 to $23,194, then resistance at $23,647 and $24,234. Looking at the CHOP indicator, we see that there is still a lot of energy left for a further move, the MACD indicates entering a local uptrend, while the RSI shows an increase and room for the next move.
by cryptodailyuk
1
Daily review of BTC interval 4HHello everyone, let's look at the BTC 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 at which the price stopped is $21890, if the support is broken then the next support is $21237 and $20412. Now let's move to the resistance line, as you can see the first resistance is $22443, if you manage to break it, the next resistance will be $22806, then we have a strong resistance zone from $23078 to $23368 and then resistance at $23731. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates a local uptrend, while the RSI has a strong rebound.
by cryptodailyuk
1
Daily review of ETH interval 1DAs the second chart in today's review, we'll be looking at ETH versus USDT on a one-day timeframe. 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 Fib Retracement tool to mark the supports, and as you can see we have the first support at $1563, the second support at $1470, the third at $1393, and then we can mark the strong support zone from $1319 to $1208. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we can mark a strong resistance zone from $1666 to $1825, then we will move towards resistance at $2032 The CHOP index indicates that we have a lot of energy for the next move. The MACD indicator is in a downtrend. On the other hand, we see a rebound on the RSI, and we maintain a downward trend.
by cryptodailyuk
1
SOL - USDT 4HChart, targets and stoplossHello everyone, let's look at the SOL to USDT chart on a 4-hour time frame. As you can see, the price is moving in the local uptrend channel. Let's start with the determination of the support line and as you can see, in the first order, it is worth marking the support zone from $ 24.33 to $ 23.55, if the support is broken, then the next support is $ 22.79, then we have the second support zone from $ 21.70 up to $20.33.. Now let's move on to the resistance line, and here again we will start by marking the resistance zone from $25.16 to $25.87, if we manage to break it, the next resistance will be $26.81, and then around $29.44. Looking at the CHOP indicator, we see that there is some energy left for the next move, the MACD indicates the limits of the return to the local uptrend, while the RSI is moving in the middle of the range and tries to break above the downtrend line.
by cryptodailyuk
2