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Resistancezones

What's next for BTC? Will the correction go lower?Hello everyone, I invite you to review the situation of BTC, which has currently had a -15% price correction. This is a natural correction in the growth cycle, and what's more, much larger corrections at 20% or 30% levels often appeared in bull cycles. Let's start with how the price moved in the local growth trend channel, in which we can see how dynamically we went down to the lower zone of the channel, which translated into a further drop in price reaching the support level at $ 91,712. In such a situation, it should be taken into account that very often leaving the channel gives a movement close to the channel height, which could cause the BTC price to drop to the support level at $ 84,072. If the current rebound from the level of around $92,000 ends the current correction, however, here we see how the level of $95,004 poses effective resistance for the price, only when it is broken again will it go further to the area of ​​$101,000, and then again move towards the strong resistance zone from $106,000 to $108,000. On the RSI, taking into account the 12H interval, we have a visible descent with crossing the lower limit, which in previous situations gave rise to renewed price increases.
COINBASE:BTCUSDLong
by cryptodailyuk
XRP is flying towards the sky!!XRP is emerging from the triangle with a huge upward movement, the price increase itself reaches 165%, which gives a very good result among the leading cryptocurrencies. You can see here how the price is dynamically approaching a very strong resistance zone from the level of $1.42 to the level of $1.61. This is a very important zone that should be monitored, because moving upwards from this zone will open the way to the previous ATH, but if the zone rejects the increase, we will be able to see the price quickly return to around $1.06, and then we can see the level around $0.8.
Long
by cryptodailyuk
Will ETH repeat BTC's strong upward move?ETH in a key place, currently fighting with strong resistance at the level of $3,247, this is a key place before the upward movement to around $3,561, which is the last place before the movement towards a very strong resistance zone from $3,948 to $4,102, which is a key place before the establishment of the new ATH. Looking the other way, there is currently a strong upward movement, which may give a moment of relief and here there is support at $2,816, then there is strong support at $2,546, and then the price could go back even to around $2,117, which in the current situation is an unlikely move at this point.
Long
by cryptodailyuk
ETH-USDT 12HInterval Chart ReviewHello everyone, let's take a look at the ETH to USDT chart on a 12-hour time frame. How can we see how the downtrend channel has been defined for us, in which we are at the lower border. Let's start by determining the support line and here you can see how the support at $2,823 has been broken and we are currently approaching the strong support at $2,626, while when we start going further, the next support is around $2,392. Looking the other way, there is resistance at $2,922, and then the price will again have to face the resistance zone from $3,098 to $3,225.
by cryptodailyuk
BTC/USDT 4h Interval ChartHello, I invite everyone to a quick review of BTC to USDT pair, taking into account the four-hour interval. as we can see, the price has moved upwards from the downward trend line. After unfolding the fib retracement grid, we can determine a strong resistance zone from $62,799 to $64,952, only the upward exit from this zone can give room for an upward movement towards $68,000. Looking at the second stone, we will determine the support places in a similar way. And here you can see support at the level of $61,000, then the second support level is visible at the price of $59,594, and the next support is at the price of $57,355. It is worth looking at the RSI indicator here, which shows a strong movement beyond the upper limit, which translates into a loss of growth power and may change the direction of the price.
by cryptodailyuk
1
FTM/USDT 1D Interval Hello everyone, I invite you to review the FTM chart in pair with USDT on a one-day time frame. Let's start by identifying the main downtrend channel in which the price is systematically falling with the blue lines. However, locally we can also determine a downward trend line, which currently shows how the price is struggling to go higher. Going further, we can see how strongly we are approaching a very important support point, which is currently the main support for the price at $0.31. Looking the other way, it is worth determining the resistance that FTM must face. And here you can see how we are approaching the resistance zone from $0.52 to $0.61, then there is strong resistance at $0.75, and then the price will have to face a very strong resistance zone from $0.84 to $0.97. It is worth looking at the RSi indicator here, where we can see a reflection from the lower border with room for continued growth, but here we can see how there is currently a fight to maintain the place where we could repeatedly observe reflections in one and the other direction.
by cryptodailyuk
BTC undergoing correctionHello everyone, let's take a look at the BTC to USDT chart on a one-day time frame. As we can see, the price rebounded from the upper border of the downward trend channel, and what is more, we can see how the local downward trend line was broken inside the channel. Let's start by determining the support line and here there is a strong support at the level of $65,372, at which the price currently holds, then there is support at the level of $61,397, the third support at the price of $58,444, and further support at the lower border of the downward trend channel at the level of $54,792 . Looking the other way again using the trend based fib extension tool, we can determine resistance. However, here it is worth starting by marking a strong resistance zone which the price cannot overcome from $70,105 to $73,515, then there is resistance at $76,267 and then at around $80,000. Looking at the RSI indicator, we can see how we have approached the place where we could previously observe a change in direction, while on the STOCH indicator we are moving towards the lower border, which may also indicate an upcoming change in direction.
by cryptodailyuk
BTC/USDT 4HInterval Chart ReviewHello everyone, let's look at the 4H BNB to USDT chart, as we can see the price has been moving in a sideways trend channel for a long time and currently we can see the price moving near the upper border of the channel, which is staying just above the local uptrend line. Let's start by setting goals for the near future that we can include: T1 = $594 - $611 T2 = $635 AND T3 = $662 Now let's move on to the stop loss in case of further market declines: SL1 = $570 SL2 = $542 SL3 = $519 AND SL4 = $492 When we look at the RSI indicator and the STOCH indicator, we will see that there is still room for a continuation of the current downward movement.
by cryptodailyuk
BTC rebounded in the support zoneHello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As we can see, the price remains in the newly created channel, in which we can see how the lower border of the channel coincided with a strong support zone from $62,581 to $59,738, thanks to which the price stayed and did not return to the area of $51,600. Currently, we can see a break above the first resistance line at the level of $64,290, at which we are fighting to maintain, but further significant resistance may appear at the price of $67,259, and then a resistance zone from $71,753 to $73,812 is visible only when the price breaks through above. this zone will be able to move towards $80,000. However, if we pay attention to the RSI and STOCH indicators, we will see that the RSI indicator still has room for the price to continue its upward movement, but the STOCH indicator is entering the upper limit of the range, which may affect the upcoming slowdown of the upward movement, or even give another attempt to recover.
by cryptodailyuk
Can Bitcoin break resistance and head to 75K LONGBTCUSD is impending on its third attempt to break through the resistance zone of 69-70K, having hit about 72K on March 13th. Buying volume relative to selling remains high. Both the faster and slower RSI lines remain above 50. I amd holding my long position in BTCUSD and watching to see if price can break resistance. If it can another leg higher could begin. So, if the break occurs, I will add substantially to the position
BITSTAMP:BTCUSDLong
by AwesomeAvani
8
FTM/USDT 1DInterval ChartHello everyone, I invite you to review the FTM chart on a one-day interval. As we can see, the price has broken the downward trend line, above which the price movement is currently maintained. When we look at the EMA Cross 10 and 30 indicator, we can see that the red EMA Cross 10 line has crossed the green EMA Cross 30 line from below, which indicates a local return to the uptrend. Looking at the current price increases, it is worth moving on to determining the resistance that we should take into account. And here there is a strong resistance zone from $0.56 to $0.66, only when the price overcomes it and then tests positively should we see an upward movement to the level of approximately $0.97. In the second direction, you can see how the price stays above the newly formed support at $0.42, then you can see support at $0.32, and then you can see how $0.25, which previously maintained a move in one and the other direction. The RSI indicator shows an upward movement with room for the price to go a little higher, but caution should be exercised because the STOCH indicator reflects at the upper limit, which may limit the growth.
by cryptodailyuk
Will ETH break the resistance zone?Hello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price has moved higher from the local downtrend line. In order to determine the resistance, we will unfold the Fib Retracement grid and we can see that the price has reached a very strong resistance zone from $2101 to $2133, which has temporarily rejected the increase. Looking the other way, we have visible support at the level of $2,063, and then we have a strong support zone from $2,012 to $1,986. The RSI indicator, similarly to the STOCH indicator, shows that the upper limit has been exceeded, which has slowed down the growth and may result in a price recovery.
by cryptodailyuk
ETH/USDT 4HInterval Overview Chart Hello everyone, I invite you to review the chart of ETH in pair with USDT, also on a four-hour interval. Let's start by using the yellow line to determine the local downward trend from which the price broke at the top. Now let's move on to marking the support places. We will use the Trend Based Fib Extension tool to mark supports, and as you can see, first we have a support zone from $1,772 to $1,744, and then it is worth defining a second strong support zone from $1,674 to $1,621. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here you can see that the price has been rejected by the resistance zone from $1,844 to $1,894, only when we come out on top will we be able to see an upward movement to the second zone from $1,976 to $2,034. When we turn on EMA Cross 50 and 200, we can see that the yellow line cuts the blue EMA Cross 200 line from below, which confirms a strong upward trend. The CHOP index indicates that there is energy for another move, the RSI indicator shows a rebound with room for further movement, but the STOCH indicator shows that we are approaching the lower limit, which slows down the declines and may result in another increase.
by cryptodailyuk