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Supportandresitance

BNB/USDT 4HInterval ChartI invite you to review the chart of BNB in pair with USDT, also on a four-hour time frame. First, we will use the yellow line to determine the local downward trend under which the price is moving. In order to determine the current supports for the BNB price, we will unfold the trend based fib extension grid, and we can see that the price is approaching a strong support zone from $247 to $239, however, if we break down from this zone, we can see the price return to the support area at $229. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here, first, there is strong resistance at the price of $255, then there is resistance at the level of $262 at the golden Fib point, and then the price has to face a strong resistance zone from $267 to $273. Please look at the STOCH indicator, where we have a strong rebound and there is room for us to go a little lower, but moving near the lower border we can observe an attempt at a rebound and small increases. And when we look at Ema cross 10 and 30, we can see that they do not yet indicate confirmation of a return to the downward trend.
by cryptodailyuk
Will BTC overcome the resistance?Hello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the four-hour interval. First, we will use the yellow line to determine the local downward trend, to which the price quickly returned. Now we can move on to marking support areas in the event of a correction. And here, first of all, it is worth marking the support at the price level of $41,795, then we have visible support at the price of $40,711, and then we will define a strong support zone from $39,957 to $38,938. Looking the other way, we can determine resistance locations in a similar way using the trend based fib extension tool. First, we will mark a strong resistance zone from $43,199 to $44,472, when it is overcome and positively tested, the path towards the resistance at $46,500 will open. At this point, it is worth looking at EMA Cross 10 and 30, which indicate that the price tried to return to the upward trend, but everything indicates that this attempt was unsuccessful. And again the red line is approaching the intersection of the green ema cross 30 line. Please pay attention to the CHOP index, which indicates that the sideways price movement has regained energy, the RSI indicator shows room for further declines, while the STOCH indicator, in line with recent predictions, has recovered and there is still room to pull the price lower.
by cryptodailyuk
1
BTC 4H Chart Hello everyone, let's take a look at the BTC to USDT chart on a four-hour time frame. As you can see, the price has returned and remains on the local downtrend line. When we unfold the Trend-Based Fib Extension grid, we can determine the support zone from $41,250 to $40,716, then support at $39,954, and further support at $38,988. Looking the other way, there is a strong resistance zone from $43,182 to $43,737, followed by strong resistance around $44,441. On the RSI indicator, we remain in the middle of the range, but on the STOCH indicator, we are moving at the upper limit, which may result in a price recovery.
by cryptodailyuk
#AUDCAD potential bullish continuationAs you can see in the 4-hour timeframe chart, there are several different bullish confluences that we are currently observing. Firstly, the price is retesting a bullish trendline that has supported this recent bullish move since October 16th. Secondly, the price is also finding support from the 200EMA , and the price formed a nice rejection off this overlay indicator. Thirdly, we have bullish divergence between price and the stochastic oscillator, suggesting that momentum has shifted to the upside. Also, from a market structural point, the price is forming higher highs and higher lows and is currently testing the previous resistance, which has now turned into support. After observing all these bullish confluences, the price then formed a bullish engulfing candle, suggesting that bulls are active in the market. To participate in this market, there are two things that we can do. Either we can engage in this market by executing a buy order at the current price or place a buy limit order at 50% of the bullish engulfing candle, of which I prefer to use the second method.
Long
by mohemati
2
LTC/USDT 4hInterval ChartI invite you to review the LTC chart on a four-hour interval. As we can see, the price, with a dynamic movement, broke the local upward trend line at the bottom. When we unfold the trend based fib extension grid, we can see that the price has retreated to a strong support zone from $70 to $67, however, if this zone is broken, we may see further declines towards the support level of $60. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the first resistance should appear at $75.65, and then we will move towards the resistance zone from $79 to $81, and then to the resistance at $84.58. The CHOP index indicates that there is energy to make a larger move, the RSI indicator shows consolidation and a small rebound, while the STOCH index, despite a strong move, did not give a large price increase, which may limit larger increases.
by cryptodailyuk
BTC Check 1HInterval ChartHello 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 use white lines to mark the local channel of the upward trend from which the BTC price broke down, while it is worth defining the local downward trend with the yellow line. Now we can move on to marking support areas in case the correction deepens. For this purpose, we will unfold the Trend based fib extension grid, and we can see support at the level of $40,510, while it is worth defining the support zone from $38,697 to $37,732. Looking the other way, we can determine resistance areas in a similar way. First, we will mark the resistance zone at which the price stopped from $42,018 to $42,423, when it is overcome, we again have active resistance at the level of $43,591, and then there is resistance above the upper border of the previously mentioned channel at the level of $45,488. At this point, it is worth looking at the moving averages 50 and 200, which show the place where the yellow ema cross 50 line crossed the blue ema cross 200 line, confirming the return to the downward trend. Please pay attention to the CHOP index, which indicates that most of the energy has been used in the upward movement, on the RSI indicator we have returned to the upper limit, with room for growth, while the STOCH indicator is moving at the upper limit, which may limit the growth and provide a rebound in the coming time .
by cryptodailyuk
SOL/USDT 4H Interval ChartI invite you to review the SOL chart on a four-hour interval. We will start by identifying the upward trend channel in which the price holds using the blue lines. Let's start by marking support points for the price and we can see that first we have a support zone from $67 to $64, but if the price drops lower, the next support is at $61, at the lower limit of the previously indicated upward trend channel, but we can continue see a quick downward move towards the support at $50. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the resistance level is again the level of $74, and then the price must again face the resistance zone from $77 to $80, which previously rejected the price, then there is resistance at the level of $85. At this point, when we turn on EMA Cross 10 and 30, we can see that the red ema cross 10 line is approaching the intersection of the green ema cross 30 line from above, which may confirm the return to the local downtrend. The CHOP index shows that there is still energy for a move, the RSI indicator is in the process of rebounding with room for further declines, a similar situation is on the STOCH indicator, which also shows that the rebound resulted in a small price movement and created room for another decline.
by cryptodailyuk
ETH/USDT 4H Chart ReviewI invite you to review the chart of ETH in pair with USDT, going on a four-hour time frame. First of all, we can use the blue lines to mark the downward trend channel from which the price went up and the increase itself was close to the height of the specified channel. However, locally it is worth defining the upward trend lines on which the price was also based in this correction. Now let's move on to marking the support places. We will use the Trend based fib extension tool to mark supports, and as you can see, the first support is at the price of $2162, which has currently kept the price from falling further. However, once the support is broken, we may see the price return to the strong zone from $2,017 to $1,912. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here there is a strong resistance zone from $2,373 to $2,501, which has stopped the price from rising further, but when we come out on top, another resistance should appear at the golden Fibonat point at $2,708. On the CHOP windex we can see that the energy has been used in the price decline, on the RSI indicator we have returned to the lower part of the range and to the support point where we could previously observe price rebounds, while on the STOCH indicator there is still room for the price to fall slightly lower.
by cryptodailyuk
2
BTC before a major correction?Hello everyone, I invite you to update the situation on BTC in the USDT pair, taking into account the one-day interval. We will start today's review by defining the trend line and here we can use the white line to determine the main upward trend, then we will mark the second upward trend line in the same way and locally the third one on which the price is currently based during the recovery. Now we can unfold the Fib Retracement grid and identify a very important resistance zone from $41,283 to $48,336, where the price is struggling to stay in the local uptrend and before the start of the long-awaited larger correction. However, if the current decline turns out to be the beginning of the long-awaited strong correction, in this situation we see that the local support that has held the price at the moment is the level of $39,982, while further we can go down to the level of $37,077 and then to the vicinity of the second line of the upward trend to the support zone from level $32,399 to $29,032. Additionally, the currently expected correction should be close to the level of approximately thirty percent. WHAT coincides with our support zone. When we look at the CHOP indicator, we can see that the energy has been used for the decline and we are currently experiencing a slight rebound, the RSI shows a rebound, but we are still high, just like the STOCH indicator, there is still room for the price to go lower.
by cryptodailyuk
XAUUSD BUY & SELLHi Guys, In today analysis we have multiple levels of demand and supply. Some new and some already tested. Couple hours ago market touched 2036 supply level and it was followed by huge move down, currently being at 2022. So price could test same 2036 level for second time should go up and if move up continues above 2040, 2048 would be a level which I look to short. Below We have 2016-2012 demand level which can hold the move down and give us some good profits, and if that is broken also other levels exist below. Later today we have a major news for USD which impacts gold to great extent make sure you watch for it. Be honorable
OANDA:XAUUSD
by AliHassanzadeh
BTC/USDT Short-Term 1H 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 is moving above the local uptrend line. Let's start by marking the support line and as you can see, the price remains above the support zone from $43,938 to $43,683, and then we have a very strong zone from $43,068 to $42,605. Looking the other way, you can see the resistance zone from $44,194 to $44,472, and then a path will open towards the second zone from $45,242 to $45,651. Looking at the CHOP indicator, we see that it is gathering more and more energy, on the RSI indicator we have returned to the middle of the range, while the STOCH indicator has rebounded from the lower limit and resulted in an increase in price, but the energy is quickly used for recovery.
COINBASE:BTCUSD
by cryptodailyuk
MATIC/USDT 4HInterval CHARTI invite you to review the MATIC chart taking into account the four-hour interval. As we can see, the price has broken the downtrend lines, but currently we can see the price climbing the local upward trend. Looking at the current growth, using Fib Retracement we will determine the places of further resistance that the price must face. And here you can see that we have gone above the resistance at the level of 0.618FIB, and are approaching a strong resistance zone from $0.93 to $0.98, when the price breaks above the resistance and positively tests it, we can see a move to around 1, $15. Looking the other way, there is support at $0.84, then we have a second support around $0.79, and then there is a support zone from $0.76 to $0.72. The CHOP index indicates that the energy is currently used for an upward movement, the RSI indicator is approaching the upper limit, but there is still room for a larger move, while the STOCH indicator is moving above the upper limit, which may limit the price increase in the coming time.
M
by cryptodailyuk
BTC ahead of a possible upward move?Hello everyone, I invite you to review the current situation of BTC in the USDT pair on a one-hour time frame, and here we will start by defining the downward trend channel in which we are moving using the blue lines. In this channel, we can mark two reflections from the upper border and three price reflections from the lower border, which may potentially indicate an attempt to leave the channel at the top and a potential upward movement oscillating by the height of the mentioned channel. Going further, using the Trend Based Fib Extension tool, we will check current support locations for the price as the correction deepens. And here we can determine the first support at the level of $43,674, while a strong support zone is still visible at the lower border of the channel from $43,216 to $43,019. Looking the other way, we will similarly determine the resistances that the BTC price must face, and here there is a strong resistance at the level of $44138, just above the upper border of the channel, however, if the price tries to exit the channel upwards, we can see a move to the strong resistance zone from 44653 $ to $44,921, and then the road towards $45,716 will open. Please look at the CHOP indicator, which confirms that there is still energy for a move, on the RSI indicator we are moving around the middle of the range, while the STOCH indicator is at the upper limit, which may translate into a slightly greater recovery.
by cryptodailyuk
#AUDUSD possible bearish moveIn the daily timeframe chart, you can see that we have a bearish channel which the price reached a few days ago, and since then, it has been trading lower. Due to this bearish move, price managed to break its bullish market structure in the 4-hour timeframe, and now the 4-hour market structure is bearish. On the other hand, this recent bearish impulsive move makes us believe that the price can potentially go lower, and as a result, we can wait for retests and bullish corrective moves to participate in the market by taking short positions. For now, we are waiting for the price to retest its broken level , which previously acted as support and now would act as resistance. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Short
by mohemati
2
BTC/USDT ScenariosWe are considering two possible scenarios for the development of the situation with BTC. At the end of October, following a significant impulsive rise of BTC from $29,614 to $35,300 , there was an increase of more than 18%. In the following month, an ascending trading channel was observed, which was successfully broken after testing the upper boundary at $39,670. As a result of the breakout, the asset reached a price level of $44,436 , marking an increase of more than 11%. The first scenario focuses on the current overbought condition of the BTC price, which suggests the potential for a correction. There is a possibility of a downward corrective movement until reaching the upper boundary of the trading channel, located around $40,600, with a subsequent potential reversal. If the price remains stable at this level, there is consideration for opening a long position on BTC. In the second scenario, a significant price decrease towards the level of the highest volume POC at $37,100 is anticipated. From this level, a price reversal might occur, followed by a continuation of the upward movement. If the price remains stable at this level and there are signals for a reversal, we are also considering the possibility of buying BTC.
by Rick_SimpleSwap
SOL/USDT 1D ChartI invite you to review the SOL chart in the USDT pair, on a one-day time frame. Let's start by identifying the main downward trend line from which the price came out on top. Now, using the Fib Retracement tool, expanding the grid from the last price peak, we will determine resistance points and here we can see that the price has returned to the first significant resistance at $68, what's more, when we unfold the trend based fib extension grid, we will see that this level coincides with the level 2.618Fib which is also a very strong local resistance. Only after a positive test of the resistance will the path towards the $104 level open. Looking the other way, it is also worth defining supports that should hold the price when the correction begins. And here we can see the support zone from $54 to $45, then we can mark the second zone from $38 to $31, and then we can see the price return to the area of very strong support at the price of $21. Please look at the CHOP index, which indicates that there is a lot of energy for the move, the RSI indicator shows that very small price movements have returned the index to around the middle, which creates room for new increases, while the STOCH indicator is high, which may result in a small recovery.
by cryptodailyuk
BTC.D ReviewHello everyone, I invite you to check the situation of BTC's dominance over the rest of the market. Let's start by identifying the main downward trend since 2017, when the percentage share of BTC began to decrease. However, locally we see movement in a strong upward trend. As we approach a major downtrend, we will unfold the Fib Retracement grid from the recent high and check for potential resistance spots. And here you can immediately see a strong resistance zone from 56% to 60%, which we are approaching and through which the trend line runs, then we have resistance at the level of 66%, and then possible strong resistance at the level of the last peak of 74%. Looking the other way, we can similarly determine support areas and here we can determine the first visible zone from the level of 51.5% to $49. However, we can still see a return to the area of the second zone from 42% to 39%. Please pay attention to the CHOP index which indicates that most of the energy has been used, on the RSI indicator we are approaching exceeding the upper limit, which may change the trend, also on the STOCH indicator we remain above the main limit, which may also bring a rebound.
CRYPTOCAP:BTC.D
by cryptodailyuk
BTC before the resistance zoneHello everyone, as we can see, the BTC price remains below the local downtrend line. When we unfold the Trend Based Fib Extension grid, we will be able to determine support areas for the price and here we can see support at the level of $42,815, while further we can see a decline to the zone from $43,502 to $43,237. Looking the other way, there is a strong resistance zone ahead of the price from $44,086 to $44,280, but there is still plenty of room for a move to $44,836.
by cryptodailyuk
1