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Supportandresitance

BTC for wave 4 and only then move to wave 5?As you can see, BTC has entered a very strong resistance zone, the current upward movement looks like waves 3, which could indicate a potential rebound in waves 4 and only then an upward movement in waves 5. Overheating of the indicators is also visible on the RSI and STOCH indicators, which should translate into a healthy recovery. It is worth remembering BTC cycles in which, before the previous Halving, we could observe rebounds of 20-30%.
Long
by cryptodailyuk
BTC/USDT 1HInterval Short-TermHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price dynamically broke down from the local upward trend line. After unfolding the Trend Based Fib Extension saitka, there is strong support at the level of $60,463, and further support is visible at the level of $58,440. Looking the other way, you can see resistance at $62,343, and then the important level of $63,539. There was some room for the RSI indicator to decline further, while the STOCH indicator approached the lower limit, which could have resulted in the correction slowing down.
by cryptodailyuk
ETH Is it time for a correction?Hello everyone, let's take a look at the ETH to USDT chart on a four-hour time frame. As you can see, the price dynamically moved upwards from the downward trend line. After unfolding the Fib Retracement saitka, you can see how the price approached the very strong resistance level of $3,623, but it was rejected. Looking the other way, you can see support at $2,980, and then a second strong support at $2,669. Looking at the RSI indicator, we can see a return to the downward trend with room for correction, similarly, the STOCH indicator shows room for a greater recovery.
by cryptodailyuk
1
BTC/USDT 4HInterval Review ChartHello everyone, I invite you to check the current situation on BTC in pair with USDT, taking into account the four-hour interval. First, using the yellow line, we will determine a strong upward trend line above which the price is making dynamic upward movements. Looking at the current situation and the huge pre-halving increases, which are currently much larger than in previous booms, however, we have not seen BTC ETFs and such great interest from institutions before. In this situation, we will unfold the Trend Based Fib Extension grid, thanks to which we can mark a very strong resistance zone from $61,896 to $64,953, which temporarily stopped the BTC price from further increases. However, when the price breaks out of this zone, we can see a dynamic increase, quickly passing the last ATH, to the level of $74,000. Looking the other way, it is worth defining supports in a similar way, because in each cycle in the pre-halving period, we could see a correction of several or even several dozen percent. And here you can see a significant support zone from $60,113 to $57,704, then it is worth keeping in mind the area of $53,639, in a situation of such dynamic declines, we could see the price return even to around $47,000. As we can see on the RSI indicator, we are well above the upper limit, at which the price often reversed, the situation is similar on the STOCH indicator, which remains near the upper limit.
by cryptodailyuk
BITCOIN $BTCUSD - Feb. 13th, 2024BUY/LONG ZONE (GREEN): $46860 - $56275 DO NOT TRADE/DNT ZONE (WHITE): $42580 - $46860 SELL/SHORT ZONE (RED): $35550 - $42580 Overall the market has a bullish sentiment, price has recently broken above my previous buy zone so I decided to rechart new areas that I would look to enter at. Levels and zones are drawn from the daily and weekly timeframes. I threw a few of the recent events around structure that I would look directly towards for new information on where price is headed and around where to enter. There is a lot more ideas on a lot more timeframes, but this is what I immediately look towards. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
BITSTAMP:BTCUSDLong
by TonyAiello
LTC/USDT 1DInterval Chart ReviewI invite you to review the LTC chart on a one-day interval. Let's start by defining the upward trend channel with the yellow lines, from which the price broke out at the bottom, but here we did not see a dynamic correction, only a movement under the lower edge of the channel. Let's start by marking support points for the price and we can see that first of all we have strong support which currently holds the price at $69, but if the price drops lower, we have another strong support at $56, and then we can see that the price has more room for a drop to around $40, which is unlikely. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that currently the price has been rejected by the resistance at the level of $76, then we can see a strong move to around $98, and then we can see the resistance at the level of $114, which previously effectively rejected the upward movement. On the RSI indicator, we can determine the downward trend line from which we moved upwards from the moesijce to a potential upward movement, while on the STOCH indicator, the upward movement ended with a dynamic recovery, which again gives room for growth.
by cryptodailyuk
XRP/USDT 1DInterval ChartI invite you to review the chart of XRP in pair with USDT, on a one-day time frame. Let's start by identifying the main upward trend in which the price is moving. However, since the last bull market, it is clear that we managed to come out on top from the downward trend line, and currently we are moving in a triangle and we can see here the fight against the upper limit and that we are getting closer to leaving the triangle. Looking at a possible exit from the triangle upwards, we will use the Fib Retracement tool, thanks to which we can see a very important resistance at the level of $0.93, from which the price bounced during the last upward movement, then we may have an upward movement to the level of $1.33. Looking the other way, we see that the price has remained at the support level of $0.53, but if the price goes below the indicated support, the next support is at $0.42, and the third support is at $0.29. When we turn on EMA Cross 50 and 200, we can see a downward trend, but there is a visible movement of the yellow line EMA Cross 50, which begins to reverse, which may give an upward trend again. The RSI indicator shows that there is still room for continued growth, while the STOCH indicator shows a movement that is approaching the upper limit, and when it exceeds it, it is worth being cautious in case of a correction.
by cryptodailyuk
ETH/USDT 1HInterval ChartHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the trend based fib extension tool, resistance is visible at $3,300, and further at $3,358. Looking the other way, you can see support that kept the price at $3,226, and further visible at $3,187. The RSI indicator shows room for a greater recovery, but the STOCH indicator approached the lower limit, which may result in another price increase.
by cryptodailyuk
1
BNB/USDT 4h ChartI invite you to review BNB in a four-hour interval. As can be seen at the beginning, the price is again approaching the upper limit of the ongoing upward trend channel, which may limit the upward movement. In this situation, we will deploy the trend based fib extension tool, thanks to which we can mark a very strong resistance zone from $402 to $411, which is the upper border of the channel, which again may be a big limitation for further growth, but if the price positively overcomes the resistance zone, further we can see a rapid increase to around $438. Looking the other way, we can similarly identify support areas where the price could potentially end its recovery. And here we should take into account a small zone from $385 to $380, and then we can see how the price may return to the level of $369. When we look at the RSI indicator, we can see that there is still room for growth, while the STOCH indicator again exceeds the upper limit, which previously resulted in the suspension of growth and recovery.
by cryptodailyuk
2
MATIC/USDT 4HInterval ChartThe last one in today's list is the MATIC chart in the USDT pair, like its predecessor on a four-hour interval. First, we will use blue lines to mark the upward trend channel in which we could observe an attempt to break the price down, but as it turned out, it was a false break after which the price returned to the channel and started dynamic growth, creating an upward trend line along which moves. Moving on, we can move on to marking the resistance points. And here, as the first one, we have a strong resistance zone from $1.01 to $1.09, which is the place of the last price hill, and the current place of struggle, when the price breaks out of this zone, it may result in a quick move towards the resistance at $1.34. Looking the other way, we will determine support areas and here we can determine the first support at $0.93, then the second support at $0.83, and then the third at $0.77. After turning on the EMA Cross 10 and 30 indicator, we can see how they continue to indicate that the current uptrend is continuing. Please look at the RSI indicator, because despite the increases, there is room for a potential further upward movement, while when you look at the STOCH indicator, you can see a movement above the upper limit, which often leads to a reduction in growth or a correction.
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by cryptodailyuk
ETH/USDT 1HInterval Chart ReviewHello everyone, I invite you to a quick review of the ETH pair to USDT chart, on a one-hour interval. First of all, we can mark the upward trend channel with the blue lines, from which we could observe the price moving upwards, and what is more, we can see here how the increase after leaving the channel is close to the height of the marked upward trend channel. Now let's move on to marking the resistance points. For this purpose, we will use the trend based fib extension tool and we can see that the ETH price is approaching the golden fib point at $3,180, while the next important resistance level is $3,268. Looking the other way, we can similarly mark the places where the price should encounter support when the price starts to turn around. And here we can see the first support at the level of $3,128, but further we can have a quick return to the channel around the price of $3,008. On the RSI indicator, it is worth determining the downward trend line at which we are currently located, in addition, the STOCH indicator shows a movement above the upper limit, which may also translate into a rebound in the coming hours.
by cryptodailyuk
1
BTC comes out on top from the sideways trend channel!Hello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we use blue lines to mark the side trend channel in which we have been moving for a long time, and you can see how the price is currently leaving the channel at the top, often a positive exit from the channel and testing it gives an increase close to the height of the channel. As you can see, inside the channel, the price has surpassed the local downtrend line. Looking at the current increase and the attempt to exit the channel at the top, we will unfold a Fib Retracement grid, thanks to which we can determine a strong resistance zone from $52,463 to $52,999, with which the price is currently fighting to exit at the top, if the price goes up and positively tests the upper zone of the channel and resistance zone, we can see an increase to around $54,494. Looking the other way, we will unfold the screen again and mark the first significant support at $51,873, while we still have a strong support zone from $50,994 to $50,522, at the lower border of the channel that strongly maintained the price. Please look at the RSI indicator, where we are approaching the upper limit, but with room for further dynamic growth, while the STOCH indicator shows a movement above the upper limit, which may nevertheless trigger a price correction in order for the indicators to recover.
by cryptodailyuk
ETH/USDT 1HInterval Chart ReviewHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price is moving along a local upward trend line. After unfolding the Fib Retracement grid, there is a very strong resistance at the level of $3,120, which stopped the increase, but the level of $3,252 will remain important. Looking the other way, you can see support at $3,038, and then support at $2,906. The RSI indicator and the STOCH indicator show a movement at the upper limit, which stops the growth and may result in a price recovery.
by cryptodailyuk
1
XAUUSD 4H FVG Area and Finding Lower HighXAUUSD still on bearish trend on 4H TF and want to find their lower high (2047 - 2049). If trendline break very possible to going into their lower high before (2064 - 2065) or maybe higher at their higher OB (2085 - 2088). I am looking for Buy setup on LTF at 4H FVG. On LTF there is a support area too on 4H FVG. Pretty good for entry and waiting for rejection candle and CHoCH. But if there is a rejection after hit the trendline, we looking for sell setup.
FOREXCOM:XAUUSD
by BagasRG
BTC/USDT 4HInterval ChartHello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price remains below the local downtrend line. After using Fib Retracement, support is visible at the level of $50,079, and the next important level is $49,282. Looking the other way, first the resistance is at $51,446, and then we have a strong zone from $52,461 to $52,997. The RSI indicator shows a movement below the trend line, with room for further recovery, while the STOCH indicator is reflecting from the lower border, but the rebounds result in a greater price decline.
by cryptodailyuk
1
DOT/USDT 1DInterval Chart ReviewI invite you to review the DOT chart, taking into account the interval of one day. We will start by identifying the downward trend line from which the price came out on top and created a local uptrend channel, in which it is currently struggling to stay inside the channel. Further, after unfolding the trend based fib extension grid, you can see the first significant support at the level of $6.79, then the second support at the level of $5.93, and then the third very strong one at the price of $5.31. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that currently the price has been rejected by the resistance at the level of $8.05, it still has to face the resistance zone from $8.95 to $9.40 so that it can grow further towards the level of $10.74. Please look at the RSI indicator, because, like the STOCH indicator, there is a visible recovery and both indicators show room for a deeper correction.
by cryptodailyuk
ETH/USDT 4H ChartI invite you to review the chart of ETH in pair with USDT, on a four-hour interval. Let's start by defining, using the yellow lines, the upward trend channel from which we can observe how the price begins to break down. Moreover, it is worth saying that such a bottom exit from the channel often results in a price movement by the height of the channel. In this situation, let's now move on to marking the support places. To mark supports, we will use the trend based fib extension tool, and here you can see how the price is struggling at the support zone from $2,907 to $2,872, but if the zone is broken, you can see how another strong support at $2,771 is in the previously designated place. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here the first resistance is visible at the price of $2,971, and before further increases, the price will again have to face the resistance zone from $3,040 to $3,075. When we look at the RSI indicator, we will see a rebound movement, but here there is room for further correction, similarly on the STOCH indicator we are in the lower part, with room for further recovery.
by cryptodailyuk
1
BTC/USDT 1HInterval Chart ReviewHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we will mark the local sideways trend channel with blue lines, but here inside the channel we can see a strong downward trend line. It is worth turning on the EMA Cross 10 and 30 indicator at this point, where you can see the place where the red ema cross 10 line crossed the green ema cross 30 line from above, which confirmed the local downward trend. Now we can move on to marking support areas in the event of a correction. And here, first of all, you can see the support zone from $51,128 to $50,614, which is located right at the lower border of the channel and in the place of the current price. However, if we fall below this zone, we could see a quick downward move towards the support level of $49,165. Looking the other way, we can determine resistance locations in a similar way using the Fib Retracement tool. First, resistance is visible at $52,095, and then we have a very strong resistance zone from $52,494 to $52,994, which is located at the upper border of the channel. If we look at the RSI indicator, we can see a downward trend from which the indicator is bouncing, while the STOCH indicator shows a movement near the lower limit, which brings the price to a lower level, but here it may result in a trend reversal.
by cryptodailyuk
LTC/USDT 1HInterval ReviewI invite you to review the LTC pair to USDT chart. In this situation, we will start by defining the downtrend channel using the blue lines. Going further, looking at the current price decline, we can determine a strong support zone from $67.55 to $66.41, which is also at the lower border of the channel. Looking the other way, there is resistance at $68.76, then the price rebounded from the resistance at $69.64, and then significant resistance at $71, at the upper limit of the downtrend channel. On the RSI indicator, you can determine the downward trend line under which it is moving, with dynamic price movements down, while on the STOCH indicator there is still some room for another rebound.
by cryptodailyuk