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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 is staying above the local uptrend line. Let's start by drawing a support line in a situation where the correction will deepen, the first support in the near future is TSE:1942 , if the support is broken then the next support is HKEX:1915 , HKEX:1895 and $1871. Now let's move on to the resistance line, as you can see the first resistance is TWSE:2029 , if you manage to break it, the next resistance will be TSE:2072 , TSE:2107 and $2140. Looking at the CHOP indicator, we see that the energy has been used up on the short interval, the MACD confirms the local downtrend, while the RSI shows a strong rebound to the lower end of the range, which can give some rest.
by cryptodailyuk
1
Daily BNB 4HChart - resistance and supportHello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $333.4, if the support is broken then the next support is $326.4, $320.9 and $315.1. Now let's move to the resistance line, as you can see the first resistance is $ 344, if you manage to break it, the next resistance will be $348.4, $352.7 and $359. Looking at the CHOP indicator, we see that the energy has been used, the MACD confirms the local uptrend, while the RSI has crossed the upper limit again, which may result in a temporary price rebound.
by cryptodailyuk
1
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 is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $ 2065, if the support is broken then the next support is $ 2024, $ 1990 and $ 1958. Now let's move on to the resistance line, and here we first have a resistance zone from $ 2111 to $ 2129, if it breaks out the next resistance will be $ 2182 and $ 2269. Looking at the CHOP indicator, we see that the energy is gaining strength, the MACD indicates entering a local downtrend, while the RSI remains at the upper limit, which may also indicate the need for a price rebound.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello 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 blue lines to mark the local uptrend channel in which the BTC price is moving in the upper limit. 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 $ 30592, when we go lower, the second support is at $ 30318, then we have a strong support zone from $ 30072 to $ 29826, and then support at $ 29523. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. The price must first break the first resistance at $ 30911, when it manages to break the second resistance is at $ 31311, then $ 31694 and then the resistance at $ 32258. Please pay attention to the CHOP index which indicates that most of the energy has been used, the MACD indicator indicates the maintenance of the local uptrend, while the RSI is moving above the upper limit of the range, despite slight increases, we can still expect an upcoming rebound that will cool down the indicators before further increases.
by cryptodailyuk
2
Daily BNB 4HChart - resistance and support - shorttermHello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $ 332, if the support is broken then the next support is $ 329, $ 327 and $ 325. Now let's move to the resistance line, as you can see the first resistance is $ 336, if you manage to break it, the next resistance will be $ 339, $ 341 and $ 343. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates an uptrend, while the RSI is moving above the upper limit, which may affect the price correction.
by cryptodailyuk
DOW JONES Technical view on what chart is trying to say.DJ:DJI A reliable thing on which almost all investors believe in to know the trends of the market weather it will be upside or in the down side in the short term. so here it is a basic outlook of what I think looking at the chart of our fav index Dow jones which tell us so many things at ones and sometimes says nothing. This is the time where we have to understand it better that market condition based on the economy level is very weak we cannot expect a big really from here to the upside even after it has tested its important trendline recently on the 15th of march after 5 days of collapse of the SVB (silicon valley bank) after which common expectations should be of a crash in the market which has not been seen yet or i guess it has been just postponed for a while by the US fed by promising all its customer that they will get there deposits back that too 100% of the amount they have with the bank. and 97% of account there had more deposit than the amount that is insured by the government at the time of collapse of any bank. so to the point to fulfil the promise of the government at the time of inflation and economic crises nearly already smart ass US government printed more dollars in order to give it back to the depositors and maintain there promise as well as trust of people on banking system. Above phase is just to make you understand the economic outlook at this period of time because based on economic factors only technical theory can be supported. now coming to the technical part of the index as we were discussing above on 15th of march as you can see on the chart important trend line has been tested once and then it has started moving upwards which is supported by the fed news of printing more notes and pumping it in the economy. after the support now price will tell the next resistance level of around 34500. we can consider a short term upward move due to the extra dollar printing up to 36000 and 36800. this is same situation as we saw in the times of pandemic when people got cash credits on which market reacted positive and gave us a big bull rally and new highs. we cannot expect new high because now the situation is same but not the economy, there is inflation now which was already at high and expected to go more in coming time of June and July and then soon we see a correction flush of all the extra money and a red color splashing all over the markets. This was my over look of Dow jones on bases of economic and technical view hope this can help you read the chart more easily. Thankyou,
DJ:DJILong
by IG_TRADER
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 above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $30135, if the support is broken then the next support is $29849, $ 29615 and $29374. Now let's move on to the resistance line, as you can see the first resistance the price is currently fighting is $30435, if it manages to break it, the next resistance will be $30917, $31313 and $31700. Looking at the CHOP indicator, we see that there is a lot of energy for a new move, the MACD indicates the maintenance of the local downtrend, while the RSI is very high, which may give the price a rebound.
by cryptodailyuk
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 has gone up from the triangle. Let's start with the support line and as you can see the first support in the near future is $29971, if the support is broken then the next support is $29689, $29462 and $29222. Now let's move on to the resistance line, as you can see the first resistance is $30540, if you manage to break it, the next resistance will be $31001, $31386 and $31754. Looking at the CHOP indicator, we see that the energy has been consumed, the MACD confirms the upward trend, while the RSI has strongly exceeded the upper limit of the range, which may affect the price correction.
by cryptodailyuk
BNB/USDT 1HInterval Resistance and Support SHORTTERMHello everyone, let's look at the BNB to USDT chart on a 1-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 $311.8, if the support is broken then the next support is $308.6, $306.1 and $303.6. Now let's move to the resistance line, as you can see the first resistance is $313.8, if you manage to break it, the next resistance will be $316.3. $318.4 and $320.4. Looking at the CHOP indicator, we see that there is still energy left for further movement, the MACD indicates a local uptrend, while the RSI shows a large increase and a temporary price rebound.
by cryptodailyuk
Daily BTC 1HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 1-hour timeframe. As you can see, the price is moving in the local downtrend channel. Let's start with the support line and as you can see the first support in the near future is HKEX:27807 , if the support is broken then the next support is HKEX:27573 and $27249. Now let's move to the resistance line, as you can see the first resistance is HKEX:28262 , if you manage to break it, the next resistance will be $28581 and $28897. Looking at the CHOP indicator, we see that there is a lot of energy, the MACD is on the verge of returning to an uptrend, while the RSI has room for price growth.
by cryptodailyuk
Nasdaq -> Time To BreatheHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Nas100 is currently approaching a quite strong previous structure area exactly at $13500 which is now turned quite strong resistance once again. You can also see that Nas100 recently had a quite agressive rally of about 15% towards the upside, perfectly following my last predictions on this asset, but now I think that we are ready for a short term correction so I am now just waiting for an opportunity to get short at the weekly resistance area. On the daily timeframe you can also see that we are retesting resistance, we also aready created some bearish structure with today's price action so I am now just waiting for a good short entry to then capitalize on a short term rejection away from the resistance area. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
PEPPERSTONE:NAS100Short
by basictradingtv
46
BNB/USDT 4HInterval ShortTerm Resistance and SupportHello everyone, let's look at the BNB 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 $309, if the support is broken then the next support is $306.1 and $302.1. Now let's move to the resistance line, first we have a resistance zone from $312.3 to $314.4, then a second resistance zone from $316.2 to $317.9, a third resistance at $320.5, then a fourth resistance at $323.6. Looking at the CHOP indicator, we see that the energy is starting to rise, the MACD confirms the local downtrend, while the RSI is moving in the lower part of the range, which may indicate an upcoming price increase.
by cryptodailyuk
Daily ETH 4HChart - resistance and support SHORTTERMHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price has fallen below the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $1782, if the support is broken then the next support is $1762, $1741 and $1713. Now let's move on to the resistance line, as you can see the first resistance is $1823, if you manage to break it, the next resistance will be $1846, $1865 and $1885. Looking at the CHOP indicator, we see that there is energy to continue the move, MACD confirms the local downtrend, while the RSI shows a rebound, which positively creates room for a future price increase.
by cryptodailyuk
BABA - Broken Resistance Level- BABA is in a falling trend channel in the medium long term. - BABA has broken a resistance level in the short term and given a positive signal for the short-term trading range. - BABA has support at 81 and resistance at 112. - Overall assessed as technically neutral for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price Verify it first and believe later. WavePoint ❤️
NYSE:BABA
by wavepoint99
UNI/USDT 4HInterval Targets and StoplossHello everyone, let's look at the 4H UNI to USDT chart as you can see that the price is moving above the local downtrend line. Let's start by setting goals for the near future that we can take into account: T1 = $6.11 T2 = $6.25 T3 = $6.45 AND T4 = $6.72 Now let's move on to the stop loss in case the market goes down further: SL1 = $5.99 SL2 = $5.89 SL3 = $5.82 AND SL4 = $5.75 Looking at the CHOP indicator, we see that there is still a lot of energy to move on the 4H interval, while the MACD indicator indicates entering a local uptrend. On the RSI, we can see an increase in the upper part of the range, despite the room for price increase, it is worth being careful.
by cryptodailyuk