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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 in the lower part of the downtrend channel. Let's start with the support line and as you can see the first support in the near future is $21954, if the support is broken then the next support is $21833 and $21738 . Now let's move on to the resistance line, as you can see the first resistance is $22014, if you manage to break it the next resistance will be $22115 and $22198. Looking at the CHOP indicator, we see that we still have the energy to move, the MACD indicates entering a local downtrend, while the RSI is moving at the lower end of the range, which can potentially give a change in the trend.
by cryptodailyuk
BNB/USDT 4HInterval Resistance and SupportI invite you to review the BNB chart against USDT, also on a four-hour interval. First of all, using the blue lines, we can mark the downtrend channel in which the price is currently moving. Now let's move on to marking the places of support. We will use the Trend Based Fib Extension tool to mark the supports, and as you can see, we have the first support at $279, the second support at $272, the third at $267, and then at $262. 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 resistance at $294, the next resistance at $301, then the third resistance at $306 and the fourth at $311. The CHOP index indicates that there is still energy for movement. The MACD indicator is on the verge of entering a local uptrend. On the other hand, the RSI shows an increase, but there is plenty of room to continue it.
by cryptodailyuk
DOT/USDT 1HInterval Resistance and SupportHello everyone, let's look at the DOT to USDT chart on a 1-hour time frame. As you can see, the price is close to breaking the local downtrend line. Let's start with determining the support line and as you can see, it is worth marking the support zone from $5.94 to $5.90 in the first place, if the support is broken then the next support is $5.86 and $5.80. Now let's move to the resistance line, and here we will also mark the resistance zone from $6.02 to $6.07, when the price breaks this zone it will be able to attack the $6.20 level. Looking at the CHOP indicator, we see that there is a lot of energy to continue the move, the MACD indicates a local uptrend, while the RSI has a large increase, but there is some room for the continuation of the move.
by cryptodailyuk
SOL/USDT 1HInterval Resistance and SupportHello everyone, let's look at the SOL to USDT chart on a 1-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 $21.01, if the support is broken then the next support is $20.84, $20.61 and $20.30. Now let's move to the resistance line, as you can see the first resistance is $21.32, if you manage to break it, the next resistance will be $21.54, $21.72 and $21.90. Looking at the CHOP indicator, we see that the energy is used for a correction, the MACD indicates entering a local downtrend, while the RSI shows a rebound and entering the lower part of the range.
by cryptodailyuk
BTC 1HChart - ShortTermHello everyone, let's look at the BTC 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 determining the support line to which we will use the trend based fib extension tool and as you can see, the first support in the near future is $22016, if the support is broken then the next support is $21712 and $21474. Now let's move on to the resistance line, as you can see the first resistance is $22452, if you manage to break it, the next resistance will be $22601, $22751 and $22954. Looking at the CHOP indicator, we see that the energy has rebuilt in the 1-hour interval, the MACD indicates a local uptrend, while the RSI is moving at the lower end of the range and has a lot of room for growth.
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 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 $23232, if the support is broken then the next support is $23017 and $22752. Now let's move to the resistance line, as you can see the first resistance is $23389, if you manage to break it, the next resistance will be $23505, $23601 and $23694. Looking at the CHOP indicator, we see that there is a lot of energy for movement, the MACD maintains a local downtrend, while the RSI has a strong rebound, which creates room for new increases.
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 is moving in a triangle marked with yellow lines. Let's start with the support line and as you can see the first support on which the price is currently based is $1602, if the support is broken then the next support is $1569, $1562 and $1422. Now let's move on to the resistance line, as you can see the first resistance is $1614, if you manage to break it, the next resistance will be $1639, $1659 and $1679. Looking at the CHOP indicator, we see that there is some energy left for a new move, the MACD indicates a local downtrend, while the rsi is moving at the lower end of the range, which gives room for new increases.
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 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 BNB 4HChart - 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 in a triangle marked with yellow lines. Let's start with the support line and as you can see the first support in the near future is $305, if the support is broken then the next support is $300 and $292. Now let's move on to the resistance line, as you can see the first resistance is $310, if you manage to break it, the next resistance will be $317 and $326. Looking at the CHOP indicator, we see that we have a lot of energy for the next move, the MACD is on the verge of entering a local uptrend, while the RSI is moving in the lower part of the range, which gives room for price growth.
by cryptodailyuk
SPY & SPX Price AnalysisOverview On the 17th, both SPY and SPX, broke out of their ascending triangle patterns that had been accumulating for the past few weeks. We can see it has broken out bearish and is likely to continue bullish. There has been no divergence -both visible and hidden; following the breakout, my charts are indicating a continuation. Opened bearish today, but it is most definitely a pullback. What's my proof? Volatility is expanding past 20% threshold on both charts, and Stochastic going down with it. Additionally, ClusterAlgo is giving off a bearish signal - although we are yet to see sell signal for double confirmation. These signals with the combined knowledge of breakouts derived from chart patterns such as the triangles we have just seen has me confident that this information is accurate. Effects of this breakout If you have any pre-existing knowledge on markets, you likely know that these breakouts are significant because they will greatly reflect on the market as many stocks follow them. As for cryptocurrencies, I believe that we will likely see a turn to the downside as well. While crypto does not follow SPY and the S&P as closely, with the market likely maintaining a bearish trend for next short while, we can expect to see crypto head in a bearish direction - likely following BTC. As for Forex and Futures, that is not my expertise, nor am I nearly experienced enough to discuss it. In all, I believe that in the short-term time frame, we will see a continuation to the downside. I'd also like to mention that I am not extremely experienced in markets or technical analysis. This is just my opinion as an amateur trader - if you disagree or feel I missed important information, please leave a comment; I'd love to hear some other perspectives on the recent price action.
AMEX:SPY
by creksar_stock
SWING EUR/USD 1D timeframe 💶The two specific levels mentioned are 1.03462 and 0.98358, which are referred to as support zones. These levels are important because they represent areas where there is significant demand for the currency pair. 🔴🔴🔴 In this scenario, My trade is entering a short position on the EUR/USD currency pair with an entry point of 1.06197 and a stop loss at 1.07967. This means that I'm betting that the value of the EUR/USD will decrease. Happy trading guys :) B
Short
by TraderBBBBB
DOT/USDT 4HInterval Resistance and SupportHello everyone, let's look at the DOT to USDT chart on a 4-hour timeframe. 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 $6.89, if the support is broken then the next support is $6.65 and $6.31. Now let's go from the resistance line, as you can see the first resistance is $7.18, if we break it, the next resistance will be $7.32, then we have a strong zone from $7.43 to $7.54 when price breaks it next resistance it's $7.70. Looking at the CHOP indicator, we see that there is still energy to continue the move, the MACD confirms the ongoing downtrend, while the RSI has a significant rebound and we are approaching the lower limit of the range
by cryptodailyuk
Bitcoin Supply ZoneHello traders As you know bitcoin started to turn bullish weeks ago, market greed has increased, and dominance is above 42%. On a day to day charts and the short term, Bitcoin hit a supply zone that is pretty strong in every timeframe. I see a rejection from that zone, and I think this rejection might create a bearish momentum for the short term; in other word, I will call it a correction for a bullish trend. I screenshotted a metric from Glassnode called realized Profit/loss Ratio, which shows that most of the network wallets are currently in profit. This is a risk for a price. Note that this is an Intraday analysis and is only valid for a couple of days or even hours. ------------------------------------------------------------------------ What is your opinion? Comment below. If you like the idea, please hit the boost button and follow me so you will get the updates. The information given is never financial advice. Always do your research too. Good luck.
Short
by Crypto_MD
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 $24756, if the support is broken we have a support zone from $24484 to $24273, and the next support is $24046 and $23733. Now let's move to the resistance line, as you can see the first resistance is $25,248, if we manage to break it, we can see a rapid increase to around $26,426. Looking at the CHOP indicator, we see that the energy is slowly rising, the MACD indicates a local downtrend, while the rsi is approaching the upper limit of the range, 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 timeframe. As you can see, the price has broken above the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $24574, if the support is broken then the next support is $24287, $24063 and $23845. Now let's move on to the resistance line, as you can see the first resistance is $25040, if you manage to break it, the next resistance will be $25246, $25433 and $25719. Looking at the CHOP indicator, we see that most of the energy has been used, the MACD indicates the maintenance of the local downtrend, while the RSI is moving at the upper end of the range, which may give the price a rebound.
by cryptodailyuk
SOL/USDT 4HInterval Resistance and SupportHello everyone, let's look at the SOL 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 $23.46, if the support is broken then the next support is $23.12, $22.86 and $22.63. Now let's move on to the resistance line, as you can see the first resistance is $24.17, if you manage to break it, the next resistance will be $24.75 and $26.46. Looking at the CHOP indicator, we see that there is still a lot of energy, the MACD is on the verge of entering a local uptrend, while the RSI is moving in the upper 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 has broken above the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $24587, if the support is broken then the next support is $24136, $23795 and $23429. Now let's move to the resistance line, as you can see the first resistance is $25,112, if you manage to break it, the next resistance will be $25,636, $26,040 and $26,453. 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 of the range, which indicates a needed price rebound.
by cryptodailyuk
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