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Supportandresitance

ETH Short-Term 1HIntervalHello everyone, let's look at the ETH to USDT chart on an hourly basis, as you can see we are staying on a local uptrend line. After unfolding the trend based fib extension saitka, you can see how the price remains above the resistance, and the next significant resistance is at $2,353. Looking the other way, we see support at $2,281, and then we have a support zone from $2,235 to $2,210. The RSI shows a sideways move, with room for movement in both directions, while the STOCH indicator indicates a decline with room for the price to go lower.
by cryptodailyuk
1
BTC/USDT 1HInterval ChartHello everyone, let's take a look at the BTC to USDT chart on an hourly basis, as you can see we are staying above the local upward trend line. After unfolding the trend based fib extension, you can see support at the level of $42,443, and then you can see the zone from $42,001 to $41,679. Looking the other way, you can see the price struggling with the resistance zone from $42,977 to $43,275, and then resistance at $44,139. There is room for growth on the RSI, but the STOCH indicator is moving at the upper limit, which may translate into a rebound.
by cryptodailyuk
1
AMD Weekly Technical AnalysisAMD Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Confluence, Cluster, Parallel Channels, Modify Schiff Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
NASDAQ:AMD
by BahamasX
BNB/USDT 1HInterval Chart ReviewI invite you to review the BNB chart, on a one-hour interval. However, here we will start by marking with blue lines a strong downward trend channel in which we have been moving for a long time, currently in the upper part. Moreover, we can mark here the zones that can be seen to have an effective impact on the price, there is a clear support zone, as well as a resistance zone for the price in the long term at the top. However, locally, using the yellow line, we will determine a local upward trend where the price is struggling to stay. Let's now move on to marking the support areas for the price and after unfolding the Fib Retracement grid, we can see that first of all we have support around $303, which currently holds the price, but if we go lower, it is worth marking an important support zone from $293 to $287. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that currently the zone from $309 to $314 has effectively stopped the growth, but if it is overcome, we can see an upward movement towards the strong support level of $321.7. Looking at the RSI indicator, you can see a return to the middle of the range, which quickly results in a downward reflection, because on the STOCH indicator, a strong upward impulse resulted in a reversal in a similar place to the last one, and what's more, we can mark the trend line at which the indicator turned around.
by cryptodailyuk
ETH/USDT 1HInterval Chart ReviewI invite you to review the chart of ETH in pair with USDT, on a one-hour interval. First of all, using the yellow line, we will determine the downward trend from which the price came out on top, and locally, after the declines, it has created an upward trend channel, in which it is fighting to come out on top again. Now let's move on to marking resistance spots by looking at the current rally. And here, when we spread the trend based fib extension grid, we can see the price it is again fighting against the resistance at $2,341, there is still resistance at $2,378, which rejected the increase last time, but if the price comes out on top, it will move towards the strong resistance at $2,439. Looking the other way, we can mark places and supports in the same way. For this purpose, we will unfold the net again in the other direction, thanks to which we will see a support zone from the level of $2,307 to the level of $2,280, but if the zone is broken, it may result in a decline to the next support level at $2,239. Please look at the RSI indicator, we can determine the downward trend lines, which have some room left. However, on the STOCH indicator, similarly to the BTC chart, we are moving above the upper limit, which slows down the current growth and may also translate into a price recovery.
by cryptodailyuk
1
BTC/USDT 1HInterval ChartHello everyone, I invite you to check the current situation on the BTC to USDT chart, taking into account the one-hour interval. It is worth starting here by marking the local upward trend line with the yellow line, which, as you can see, has kept the price from falling further for the fourth time. After turning on the EMA Cross 10 and 30 indicator, we will see the red line 10 crossing the green EMA cross 30 line from below, which confirms the local upward trend. Looking at the current growth, we will unfold the trend based fib extension grid to identify potential resistance points. And here you can see that we are approaching the resistance level of $43,752, then we have resistance at $44,130, and then strong resistance around $44,613. Looking at the RSI indicator, there is still room for the price to make a larger upward move, but lower on the STOCH indicator, we can see that we have exceeded the upper limit, which may have the opposite effect and the price will recover. Taking into account the trend change scenario, we will again use the grid to determine the support at which the price may stop. And here we can see significant support at the level of $43,069, while further we should consider the support zone from $42,454 to $42,125.
by cryptodailyuk
NVIDIA Weekly Technical AnalysisNVDA weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Confluence, Cluster, Channel, Pitchfork, Rectangle, Fibonacci Extension - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
NASDAQ:NVDA
by BahamasX
BNB/USDT 4HInterval ChartI invite you to review the BNB/USDT chart, on a four-hour interval. As you can see, the price remains above the local upward trend line. Looking at the price increase, it is worth spreading the fib retracement grid, thanks to which you can see the price fighting in a strong resistance zone from $308 to $314, and then there is resistance at $322. Looking the other way, there is support at $303, followed by a strong support zone from $293 to $287. The RSI shows room for a price increase, and the STOCH indicator shows another increase, which may limit the room for increases.
by cryptodailyuk
Xauusd buy & sellHello Friends, I'm back with another gold analysis. Market is trapped between level 30 and 24 and is oscillating in 70 pips range. Above 30 we have level 37 then above it 47, in case market were to go down demand levels would be 16-12 and level 2008. *Note that level 37 was tested yesterday and it would be second time being tested if price gets there. Today's news will give energy to the market for next move so as always do your own assessment and analysis before taking any trades *Be honorable
OANDA:XAUUSD
by AliHassanzadeh
ETH/USDT 4HInterval ChartI invite you to review the ETH chart on a four-hour interval. Now, with the blue lines, we will mark the downward trend channel, where we can see the price approaching the upper limit. Moving on, we will move on to determining resistances and after using the Fib Retracement tool, we can see a significant resistance level at the price of $2,379. Only when it is overcome, the price will be able to go further up, towards the resistance at $2,508. Looking the other way, we will see the trend based fib extension tool, looking at the recent downward movement, we can see support at $2189, which managed to maintain the price. However, if we go below this level, it is worth considering the support zone from $2,110 to $2,052. The RSI indicator shows that there is room for the price to go up, and the STOCH indicator shows an upward impulse, but it also shows that the price can go a little higher.
by cryptodailyuk
BTC/USDT 4HInterval ChartHello everyone, I invite you to review the BTC to USDT chart, taking into account the four-hour interval. Here we will also start by defining an upward channel, this time from which the price broke out at the bottom and the decline itself was ultimately close to the height of the mentioned channel. Next, you can see how the price moved upwards from the downtrend line, creating the current local uptrend line. At this point, when we turn on Ema cross 10 and 30, we will see confirmation of the continuation of the local upward trend, which does not indicate a change in the trend. Looking at the current increase, we will unfold the fib retracement grid, thanks to which we can see how the price is fighting in a strong resistance zone from $42,501 to $43,609, only when it comes out on top and tests positively, we will be able to see a further move towards the next strong resistance at $46,707. Looking the other way, we will start by identifying support at $41,520, then we can see support at $40,426, at which the price has bounced many times, and we still have strong support at $38,636. Please look at the RSI indicator as it shows a drop below the uptrend line and an attempt to come back. However, the STOCh indicator is again approaching the upper limit, which results in the suspension of the upward movement.
by cryptodailyuk
BONK BULLISH after Value Area Low flips to support!When taking a look at bonk we can see that it is showing a sign of strength. It has reclaimed the POC and trend line. Once the VAL is flipped into support, there’s not much stopping this project from reaching the POC 22% higher from these levels. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
Long
by Navitility
BTC/USDT 1HInterval Chart ReviewHello everyone, I invite you to a quick review of BTC on an hourly basis. As you can see, the price dropped below the local upward trend line. After unfolding the trend based fib extension grid, you can see how the price is struggling under support, if it starts to go further down, the next one is at $41,473, and the next strong one is at $40,640. Looking the other way, there is a significant resistance zone from $42,425 to $42,767, followed by resistance at $43,318. On the RSI, despite the decline, there is room for a further price drop, while on the STOCH indicator we are again at the lower limit, which slows down the correction.
by cryptodailyuk
1
BITCOIN - Price can correct to support level and then bounce upHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A not long time ago price bounced from support level, which coincided with support area, and rose to $45800 level. But then BTC made downward impulse to support line, but in a short time price backed up and then started to rise. Also, price started to trades in wedge, where later it rose to resistance line, thereby breaking $45800 level. Later price made downward impulse from this line to support line of wedge, breaking two levels $45800 and $41700 After this, BTC turned around and in a short time, it exited from wedge and soon broke $41700 level again. Now price trades near the support level and I think BTC can correct to this level and then bounce up to $44700 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
BTC 4H Resistance and supportWhat to expect on the BTC chart? As you can see, the price broke out of the local downtrend line. Looking at the price rebound, it is worth spreading the trend based fib extension grid, thanks to which you can see the resistance zone from $42,819 to $43,692. On the other hand, there is support at the level of $40,857, and then we have an important zone from $39,401 to $38,613. The RSI indicator still shows room for a price increase, while the STOCH indicator remains above the upper limit, which may result in a price recovery.
by cryptodailyuk
SOL/USDT 4HInterval ChartI invite you to review the SOL chart in the USDT pair. also here you can see how the price is moving in the local downtrend channel, in which, as you can see, the price is approaching the upper limit. At this point, it is worth looking at the Ema cross 10 and 30 indicator, because we can see the red line 10 crossing the green line 30 from below, which indicates a local return to the upward trend. In such a situation, it is worth laying out a trend based fib extension grid, thanks to which you can see how the price is struggling with the resistance zone from $92 to $95.5, and when it goes above it and from the downtrend channel, the next significant resistance should appear around 106 $. However, when the price starts to reverse, it can be seen that from the level of $84 to the level of $78.5, a strong support zone has formed. Only when it is broken can we see the price drop further to around $69. When we look at the RSI indicator, we will see that there is still room for an upward price movement, but enthusiasm may be limited by the STOCH indicator on which we exceeded the upper limit, which should potentially result in a price recovery or a temporary sideways trend.
by cryptodailyuk
BNB/USDT 4HInterval ChartHello everyone, I invite you to review the BNB chart on a four-hour interval. Let's start by identifying with the blue lines the downtrend channel where the price goes towards the upper limit. Now let's move on to marking the support areas for the price and after unfolding the trend based fib extension saitka, we can see that first of all we have support at the level of $291, which has already held the price several times, and then it is worth defining the support zone from $277 to $270. Looking the other way, we can similarly determine the resistance areas and here we can immediately see how the price is struggling with the strong resistance zone from $300 to $304, if we manage to break out of it, it is worth taking into account the resistance at $315. When we look at the RSI indicator, we can see that there is still room for the price to increase, but we have approached the downward trend line, and additionally, we have exceeded the upper limit on the STOCH indicator, which may translate into another price recovery.
by cryptodailyuk
BTC/USDT 1HInterval ChartHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price remains above the local upward trend line. After unfolding the Fib Retracement grid, you can see that the price has returned to the strong resistance zone from $41,419 to $42,198, when this zone is broken, there is still strong resistance around $44,448. Looking the other way, it is worth marking support at the level of $40,376, and further significant support is at the level of $38,534. The RSI indicator, similarly to the STOCH indicator, shows a rebound from the upper limit, which should translate into a price recovery.
by cryptodailyuk
Wyckoff Upthrust - EURAUDThat can be a valid entry for an Upthrust from an obvious support/resistance line. Previous high taken and price reverses. Some people call this a fake-out, you can see it as a double top in a downtrend. It's a matter of interpretation. The longer target is the 1 to 1 AB = CD shown in the chart. Higher timeframe confluence: Daily is below 10 EMA although overall in an uptrend, but my bet is an ABCD correction down. The Entry bar is a solid Engulfing bar on raising volume. We shall see.
Short
by TheSpringHunter
BTC/USDT 1H IntervalHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price is moving below the local downtrend line. After unfolding the trend based fib extension grid, you can see support around $39,185, then the second support at $38,334, and then the third support at $36,932. Looking the other way, there is significant resistance at $40,260, followed by a resistance zone from $41,091 to $41,502. The RSI shows room for further decline, while the STOCH indicator is approaching the lower limit, which may result in a price rebound.
by cryptodailyuk