DOT in the downtrend channelHello everyone, let's take a look at the DOT to USDT chart over the 1 day timeframe. As you can see, the price is moving in the downtrend channel.
Let's start with the support line and as you can see we are in the support zone from $ 11.36 to $ 8.07, then the first support in the near future is $ 7.28, if the support breaks, the next one is $ 4.34.
Now let's move from the resistance line, as you can see the first resistance is $ 11.24, if you can break it the next resistance will be $ 13.68 and $ 15.63 plus $ 17.59.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day range, looking at the MACD indicator we can see that the blue line is moving over the red one, but when it crosses the red one from above, it will confirm the continuation of the downward trend.
Resistance_level
BTC is approaching the support areaHello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price is moving below the 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 $ 27,744, if the support breaks down, the next one is $ 26,710 and $ 23,791.
Now let's move from the resistance line as you can see the first resistance is $ 29,850, if you can break it the next resistance will be $ 31,772 and $ 33,398.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, looking at the MACD indicator, we see that the blue line is above the red line, however, if it crosses the red line from the top, it will confirm the continuation of the downward trend.
BTC is quickly returning to around $ 29,600 after falling to $ 2Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price moves sideways in the channel defined by the blue lines.
Despite the fact that today we saw a decline to around $ 28,000, the price quickly returned to around $ 29,600.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 29,098, if the support breaks down, the next one is $ 28,520 and $ 27,724.
Now let's move from the resistance line as you can see the first resistance is $ 29,677 which price is currently struggling with, if it can be broken the next resistance will be $ 30,372 and $ 31,399.
Looking at the CHOP indicator, we can see that we still have a lot of energy in the 4-hour interval, be careful in the hours ahead.
Bearish Bat Aussie DollarHello, we got a bearish bat pattern coming up. If it gets to the top levels it seems like a great opportunity to get short with the top previous resistance. This is a great pattern because of the risk reward compared to other harmonic patterns. You can learn more about fibonacci and how it is utilized by checking out Scott Carneys book in Volume 1,2 and 3.
SOL goes to the exit of the triangleHello everyone, let's take a look at the SOL to USDT chart on the 1 hour timeframe. As you can see, the price moves in the local channel marked by the blue lines.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 48.41, if the support breaks down, the next one is $ 45.72 and $ 42.01.
Now let's move from the resistance line as you can see the first resistance is $ 51.34, if you can break it the next resistance will be $ 55.82 and $ 59.98 and $ 66.16.
Looking at the CHOP indicator, we can see that in the 1H interval, energy has energy and starts to grow, while the MACD indicator shows a blue line over the red one, which could confirm the local upward trend.
BNB is climbing the local uptrend lineHello everyone, let's take a look at the BNB to USDT chart on a 1 hour timeframe. As you can see, 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 $ 309, if the support breaks down, the next one is $ 291 and $ 277 and $ 264.
Now let's move from the resistance line as you can see the first resistance is $ 339, if you can break it the next resistance will be $ 371 and $ 414.
Looking at the CHOP indicator, we can see that there is a lot of energy in the 1 hour interval, and the MACD indicator shows that we are in a local uptrend.
BTC based on supportHello everyone, let's take a look at the BTC to USDT chart on a 1 hour timeframe. As you can see, the price is moving in the channel marked with blue lines, it is worth noting that we are approaching to leave this channel.
As you can see, the first resistance is $ 29,872, if you can break it, the next resistance will be $ 31,830 and $ 33,415.
Now let's move on to the designation of the support line and as you can see the first support where the price is currently at is $ 29,095, if the support breaks down, the next is $ 28,505 and $ 27,759 and $ 26,715.
Looking at the CHOP indicator, we can see that in the 1 hour interval the energy begins to rise, we see that the price moves sideways, therefore leaving the triangle may decide the price direction.
If BTC is stable, GMT may start to go upHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, 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 SL1 - $ 1.29, if the support breaks, the next one is SL2 - $ 1.17 and SL3 - $ 1.02.
Now let's move from the resistance line, as you can see, the first resistance is T1 - $ 1.62, if you can break it, the next resistance will be T2 - $ 2.10 and T3 - $ 2.50, T4 - $ 2.90.
Looking at the CHOP indicator, we can see that on the 1-day interval we are starting to recover energy, and the MACD indicator indicates an upward trend
BTC has accumulated a lot of energy in the 1D intervalHello everyone, let's take a look at the BTC to USDT chart over the 1 day timeframe. As you can see, the price is moving below the 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 $ 28,497, if the support breaks down, the next one is $ 26,606.
Now let's move from the resistance line as you can see the first resistance is $ 29,196, if you can break it the next resistance will be $ 31,763, $ 33,367 and $ 34,914.
Looking at the CHOP indicator, we can see that nha in the 1-day range has a lot of energy that we can use in the near future, although the MACD indicator indicates that we should enter an uptrend.
Be especially careful and use stop loss when trading.
FLMUSDT needs to recover the monthlyThe price is creating a falling wedge on the daily timeframe after the breakdown from the monthly support on the 0.12$
On the 4h timeframe the price bounced on the dynamic support
How to approach it?
The price needs to create new bullish impulse with momentum and volumes. IF the price is going to recover the monthly support as new resistance 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.
–––––
Follow the Shrimp 🦐
ETHBTC support and resistance areasSupport and resistance are created by the decision making of market participants, as they operate within an environment of uncertainty. Decisions to buy or sell are made through referencing current price against previous areas which caused significant emotional response, in particular those areas which led to regret of missing out on opportunity, or those areas which trapped traders in losing positions. There are other factors involved, not least of which is the simple self-fulfilling prophecy.
BTC close to support, approaching the exit of the triangleHello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, the price moves sideways in the triangle marked with blue lines in which we are approaching to leave it.
Let's start with the designation of the support line and as you can see the first support where the price is currently at is $ 29,670, if the support breaks down, the next one is $ 29,122 and $ 28,521 and $ 27,726.
Now let's move from the resistance line as you can see the first resistance is $ 30,412, if you can break it the next resistance will be $ 31,401 and $ 32,691.
Looking at the CHOP indicator, we can see that in the interval of 1 hour we begin to regain energy.
FTM has a correction and is back in the support areaHello everyone, let's take a look at the FTM to USDT chart on the 1H interval. As you can see, the price is moving in the triangle marked with the blue lines.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.3772, if the support breaks down, the next ones are $ 0.3478 and $ 0.3247 and $ 0.2847.
Now let's move from the resistance line as you can see the first resistance is $ 0.4256, if you can break it the next resistance will be $ 0.4740 and $ 0.5349 and $ 0.6148.
Looking at the CHOP indicator, we can see that in the 1H interval we have exhausted energy.
ADA on support, lots of energy for 1H interval.Hello everyone, let's take a look at the ADA to USDT chart on the 1H time frame. As you can see, the price moves sideways in the triangle delineated by the blue lines.
Let's start with the designation of the support line and as you can see the first support in the near future is SL1 - $ 0.5296 where the current price is, if the support breaks, the next one is SL2 - $ 0.5048 and SL3 - $ 0.4801 and SL4 - $ 0.4429.
Now let's move from the resistance line, as you can see, the first resistance is T1 - $ 0.5936, if you manage to break it, the next resistance will be T2 - $ 0.6520 and T3 - $ 0.7122 and T4 - $ 0.7971.
Looking at the CHOP indicator, we can see that in the 1H interval we have a lot of energy, please be careful in the coming hours. The MACD indicator shows that the blue line crosses the red one from above which may give a local downward trend.
BTC SHORT 1 HOUR INTERVALHello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, the price moves sideways in the triangle delineated by the blue lines.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 29,081, if the support breaks down, the next one is $ 28,523 and $ 27,723.
Now let's move from the resistance line as you can see the first resistance is $ 29,538, if you can break it the next resistance will be $ 29,779 and $ 30,020 and $ 30,363.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1 hour interval, and the MACD indicator shows that the blue line is moving above the red line, which indicates a temporary upward trend.
SOL moves between support and resistanceHello everyone, let's take a look at the SOL versus USDT chart over the 1 hour timeframe. As you can see, the price is moving sideways and is 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 $ 51.11, if the support collapses, the next one is $ 48.41 and $ 45.72 and $ 42.01.
Now let's move from the resistance line as you can see the first resistance is $ 55.82, if you can break it the next resistance will be $ 59.98 and $ 66.16.
Looking at the CHOP indicator, we can see that there is some energy left in the 1 hour range, while looking at the MACD indicator, we can see that the blue line is approaching the intersection of the red line from the top, which could change for a local downward trend.
GOLD- been a good one for goldHello everyone
As XAUUSD making a green bar in weekly. we can see a bull channel taking form in 4 hours and lower time frames.If we consider the buy volume
which we got from less than 18 hours ago, we may get to see the price exceed 1860$ by the end of the week.
The double bottom pattern shows a good amount of buy in 4 hours chart, considering the exhaustion of bulls and to have a healthy bull trend we need some accumulation in some levels.This might happen under the 1850$ resistance level, but if the accumulation happens above 1850$ then we may get a bull flag pattern which will show a better future for GOLD.
Will BNB stay above the current support?Hello everyone, let's take a look at the BNB to USDT chart over the 4 hour timeframe. As you can see, the price is moving below 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 $ 290, if the support breaks down, the next one is $ 277 and $ 266 and $ 255.
Now let's move from the resistance line as you can see the first resistance is $ 317, if you can break it the next resistance will be $ 339 and $ 371 and $ 414.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy, but the MACD indicator shows that the blue line is under the red line, which may result in a downward trend.
Will BTC stay above support? 1H interval.Hello everyone, let's take a look at the BTC to USDT chart on a 1 hour timeframe. As you can see, the price is moving below the 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 $ 29,088, if the support breaks down, the next one is $ 28,466 and $ 27,696 and $ 26,719.
Now let's move from the resistance line as you can see the first resistance is $ 29,828, if you can break it the next resistance will be $ 31,753 and $ 33,323.
Looking at the CHOP indicator, we can see that in the 1 hour interval the energy begins to increase, while the MACD indicator shows a downward trend, however, the blue line begins to change direction, so it is worth watching.