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Resistence

BNB/USDT 1D Chart ReviewHello everyone, I invite you to review the BNB chart taking into account the one-day interval. We can start by marking the local triangle with blue lines, as you can see we are approaching the exit of a specific product. Let's start by marking the support spots for the price and we see that the price stays just below the support at $240.72, then we have a strong support zone from $235 to $228, however if the price goes lower, we have the next support at $220. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that first the price has to break the zone from $244 to $248, then there is the second zone from $251 to $255, and then the strong resistance at $261. The CHOP index indicates that there is a lot of energy to move, while the RSI moves around the middle of the range, which in combination with the STOCH indicator, we can see the price rebound.
by cryptodailyuk
ETH 4H Review ChartHello everyone, I invite you to review the chart of ETH in pair to USDT, also on a four-hour interval. First, we will use the yellow lines to mark the local triangle in which the price is moving. Now let's move on to marking the places of support. We will use the trenf based fib extension tool to mark the supports, and as you can see, we first have a support zone from $1847 to $1838, then we have a second zone from $1828 to $1815, and then a strong support at $1798. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here you can see that the price has no strength to go through the resistance zone from $1851 to $1863, then we have resistance at $1872, another at $1881 and a very strong resistance at $1894. The CHOP index indicates that there is still energy for movement. On the RSI, we stay around the middle of the range, while the STOCH indicator has the energy for the price to make a downward move.
by cryptodailyuk
1
BTC/USDT 1H Interval ReviewHello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price stays on the local uptrend line. After unfolding the trend based fib extension grid, we see that the first support is at $29395, the second at $29338, the third at $29290, the fourth at $29244, and then there is the support zone from $29177 to $29092. Looking the other way, the first resistance is at $29,471, the second at $29,533, the third at $29,582, the fourth at $29,631. Looking at the CHOP indicator, we see that the energy has been used, the RSI is moving in the upper part, which can result in a price drop, and looking at the STOCH indicator, we have a lot of energy, which can affect the price correction.
by cryptodailyuk
ETH/USDT 1HInterval ReviewHello everyone, let's look at the ETH to USDT chart on a one hour timeframe. As you can see, the price has broken below the local uptrend line. After unfolding the trend based fib extension grid, we see that the price stays in the support zone from $ 1847 to $ 1845, then we can see a drop to the support at $ 1841.46. Now let's move on to resistance and we see that the first resistance is at $1848.83, then we have a resistance zone from $1850 to $1852, then resistance at $1853.44, then resistance at $1855.46. Looking at the CHOP indicator, we can see that there is a lot of energy to move, the RSI is moving in the middle of the range with room for further price decline, while the energy on the STOCH indicator is used and there is some left which may give a bigger price correction.
by cryptodailyuk
XRP/USDT ReviewHello everyone, I invite you to review the XRP chart on an hourly interval. As we can see, the price went down and entered the local downtrend channel. What's more, we see that there was an attempt to return to the uptrend, above the Cross 200 EMA, but it failed. Let's start by marking the support spots for the price and we see that first we have a support zone from $0.6311 to $0.6249, but if the price goes lower then we have a second zone from $0.6150 to $0.6078, then we can mark strong support at $0.5990. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price has rebounded. Next we can mark resistance at $0.6594, next resistance is at $0.6678 and then towards the resistance at $0.6798. The CHOP index indicates that there is still energy for movement, the RSI is near the middle of the range, which may give a greater price rebound, and the energy on the STOCH indicator has run out.
by cryptodailyuk
1
BTC/USDT 4H Interval Review ChartHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the interval of four hours. First, we will use the blue lines to mark the local downtrend channel from which the price exited at the bottom and entered the downtrend channel. 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 $29397 to $29196, however, when we fall below this zone, we can see a drop to around $28910, and then we have strong support at $28534. Looking the other way, we can determine the places of resistance in a similar way. We will first mark the resistance zone from $29,806 to $30,208, when we manage to break it, we have strong resistance at $30,598. Once the first strong resistance is overcome, we continue to have resistance at $31,149, and then there is resistance at $31,863. Please pay attention to the CHOP index, which indicates that there is still energy for movement, the RSI indicator confirms the local sideways trend, but there is still room for the price to go lower, while the STOCH indicator shows that the energy for this moment has been used, which may affect the price rebound.
by cryptodailyuk
1
BNB/USDT 1H ReviewHello everyone, let's look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving below the local downtrend line. In order to mark the supports, we will use the trend based fib extension tool and we can see that we first have a support zone from $242.15 to $241.83, then support at $241.38, and then at $240.81. Now let's move on to the resistances and here we will mark the first resistance zone from $242.66 to $242.90, then resistance at $243.23, next at $243.67, then strong resistance at $244.91. Looking at the CHOP indicator, we see that there is a lot of energy to move, the RSI is moving in the lower part of the range, while the STOCH indicator indicates that the energy is exhausted in the current rebound.
by cryptodailyuk
SOL/USDT 1H Review ChartHello everyone, I invite you to review the SOL chart in pair to USDT. First, we will use the yellow line to mark the local downtrend line, from which the price tried to go up. Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $24.17, the second support is at $23.65, the third support is at $23.24, and then we have a strong support zone from $22.81 to $22.20. Looking the other way, we see that the price has rebounded from the important resistance zone from $ 24.99 to $ 25.40, which so far has no strength to break. However, if we manage to go up, we will see an attempt to attack the second zone from $ 26.07 to $ 26.55. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, we have a rebound on the RSI but there is still a lot of room for the price to go lower, while the STOCH index is approaching the lower limit, which affects the current stagnation of the price.
by cryptodailyuk
3
BTC/USDT 1H Interval Review ChartHello everyone, I invite you to every Wednesday cryptocurrency review. Let's start by checking the current situation on the BTC to USDT pair, taking into account the time interval of one hour. First of all, we will use the yellow line to mark the local downtrend line from which the price went down. We will use the Trend Based Fib Extension tool to mark the current support locations, and now we see that the price has dropped to the $29,561 support and is holding just below it, then we can mark the support zone from $29,397 to $29,165, and then strong support at $28870. Looking the other way, we can determine the places of resistance in a similar way. First, we will mark the resistance zone from $29813 to $30039, when it manages to break it, the price has to break through the resistance at $30229 that it failed to do before, and then the resistance at $30411. Please pay attention to the CHOP index which indicates that most of the energy has been used, the RSI indicator confirms a strong rebound but indicates that there is still room for the price to go lower in the coming hours, however the STOCH indicator confirms the use of energy in the current movement which may give a temporary stop in the current correction.
by cryptodailyuk
3
BTC Dominance ReviewHello everyone, I invite you to check the current situation of BTC Dominance over the cryptocurrency market. first of all, we will mark the local downtrend channel in which we are moving, and what is more, we are approaching its upper limit. Now we can move on to marking the places of support in the event of a correction. And here it is worth marking two support zones. The first zone starts at 49.88% and continues to 49.50%, then we have the second support zone from 48.87% to 48.45%. Looking the other way, in a similar way using the fib retracement tool, we will mark the resistances that BTC dominance has to face, and here we first have resistance at 50.79%, then we have a strong resistance zone from 51.53% to 52, 11%, followed by resistance at 52.73% and further at 53.56%. When we look at the RSI indicator, we see a strong increase and room for further upward movement, but the STOCH indicator gives information that the energy in this movement is running out, which may stop the current upward movement.
CRYPTOCAP:BTC.D
by cryptodailyuk
ETH/USDT 1DReview ChartHello everyone, let's look at the ETH to USDT chart on a single day time frame. As you can see, the price is moving below the uptrend line. We will use the fib retracement tool to mark support and here we see that the price is holding a support zone from $1829 to $1780, then we have support at $1712 and then a strong support at $1625. Now let's move on to the resistance areas, and here we first have a zone from $1883 to $1915, then resistance at $1942, another at $1980, then strong resistance at $2031. As we can see, the RSI indicator is in the process of correction, however, there is still room for the price to go lower, and the STOCH indicator shows that the energy is running low, which may indicate the approaching end of the recovery.
by cryptodailyuk
ETH/USDT 1HInterval Review ChartHello everyone, I invite you to review the ETH chart on an hourly interval. First, we will mark with yellow lines a local triangle in which the price is at the upper limit for the third time. In this arrangement, we can see an exemplary price movement in which the fourth time we will see an upward exit from the triangle. After unfolding the fib retracement tool, we can mark a strong support zone above which the price is currently holding, however, when we fall below this zone, we can see a drop around the next support at $ 1808. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price has to break through the support zone from $1844 to $1852 first, then it can move towards the resistance at $1864 and then continue to the resistance at $1879. The CHOP index indicates that there is a lot of energy to be used, on the RSI we can see that a small increase in price gives a large increase on the indicator, which creates room for another decrease. The STOCH indicator is also approaching the upper limit, which may affect the trend reversal and the transition to a downward trend.
by cryptodailyuk
ETH/USDT 4H ReviewHello everyone, let's look at the ETH to USDT chart on the 4-hour timeframe. As you can see, the price is holding above the local downtrend line. Once we unfold the Fib Retracement grid, we can mark the support zone from $1827 to $1780 that the price is based on, then we have strong support at $1712 and then at $1623. Looking the other way, we will mark the resistances in the same way and here we first have a resistance zone from $1883 to $1945, then resistance at the price of 2033, and another resistance at the price of $2146. The CHOP index indicates that there is a lot of energy, the RSI shows that downward movements have more power than upward movements, and the STOCH indicator indicates that the energy is quickly exhausted.
by cryptodailyuk
3
LTC 4H Review Hello everyone, I invite you to review the LTC chart on the four-hour interval. As we can denote with the blue lines, the price is moving in the uptrend channel where we are moving towards the lower border. Let's start by marking the support places for the price and for this we will use the trend based fib extension tool, you can immediately see that the price is staying in a very strong support zone from $88 to $81. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price bounces off the $95.94 resistance, then we have a second resistance at $102.22, then a third resistance at $107.64, and then price needs to break the strong resistance zone from $113 to $120. The CHOP index indicates that there is still energy to make a move, the RSI is in a strong rebound but there is still room for the price to go lower, while the STOCH indicator is approaching the lower limit and there is some energy left to complete the move.
by cryptodailyuk
BTCUSDT 1H Chart ReviewHello everyone, I invite you to review the chart of BTC in pair USDT taking into account the time interval of one hour. First, we will use the blue lines to mark the local downtrend channel that btc lagged upwards, and entered the uptrend channel from which the exit was down. What's more, the exit from the first channel was close to the high of the channel, if the exit from the current channel behaves similarly, we can see a correction around $28,000. 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 where the price is currently from $ 29,485 to $ 28,733, but when we fall below this zone, we can see a drop around the previously mentioned place of $ 27,996, and the next support is at $ 26,928. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First, the price has to break the resistance at $30,644, then we have a second resistance at $31,487, and then a third very strong resistance at $32,344. The CHOP index indicates that there is little energy for the next move, the RSI rebounded from the upper edge and there is still room for the price to go lower, but on the STOCH indicator we see that the energy is running out at the moment, which may give a temporary sideways trend.
by cryptodailyuk
LTC: LONG TERM VIEW! BEST BUYING ZONE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to the new LTC update. Today is LTC's halving and this might be the sell-the-news event. According to the chart, it is forming a symmetrical triangle in the weekly time frame and rejecting the resistance zone of $100-$120. I'm expecting it to drop more from here. IMO, the best buying area for LTC is around the $60-$70 level. We have support here and also here the lower line of the symmetrical triangle lies. Once it breaks out from this symmetrical triangle a new bullish rally starts for LTC and do not expect this before a proper bull run. Hope this chart helps you. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
by CoreCrypto1
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BTC 4H Review Chart Hello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving in an ascending triangle. We'll start by presenting the most important supports. The first support is at $28,341, then we have a strong support zone from $27,974 to $27,494, followed by a second support zone from $26,917 to $26,309. Now let's move on to the resistances and here we first have a small zone from $29724 to $29813, then there is a second strong zone from $30604 to $31162 and then resistance at $31864. The CHOP index indicates that there is still energy for movement, the RSI has a quick rebound, but we still have not touched the lower limit, the STOCH indicator also indicates a rebound, but the energy is quickly exhausted.
by cryptodailyuk
1
MATIC/USDT Update 4HInterval ReviewHello everyone, I invite you to review the MATIC chart in pair to USDT. First of all, we will use the orange line to mark the downtrend line from which the price went up, while currently we see that the price has fallen below the yellow uptrend line. Moving on, we can move on to marking support areas when we start a larger correction. And here we will first mark the support zone with the price from $0.69 to $0.65, then we have support at $0.58, and then another strong support at $0.50. Looking the other way, we see that the price bounces from the beginning of the $0.73 resistance zone to $0.79, only when it breaks above this zone will it go towards the resistance at $0.87 and then towards the strong resistance at $0.97. Please look at the CHOP index, which indicates that there is still some energy to continue the move, the RSI shows that we are in the process of rebounding and we still haven't touched the lower limit which may give the price a further rebound, while the STOCH indicator also shows that we are in a downtrend .
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by cryptodailyuk