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Supportandresitance

BNB/USDT 4HInterval Review CHartI invite you to check the BNB chart on a four-hour time frame. We will start by marking the upward trend channel with blue lines, from which the price broke out at the bottom, and the price decline itself was close to the height of the previously defined channel. Moreover, it is clearly visible that the lower end of the decline after leaving the channel is also the location of the current support zone. At this point, it is also worth defining the downward trend triangle we are in with the yellow lines. Next, using the Trend Based Fib Extension tool, we can determine an important support zone in case the price breaks out of the current triangle. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that currently the price must pass through the resistance zone from $217 to $221, then overcome the resistance at $233 to continue towards the resistance at $252. The CHOP index indicates that there is energy to make another move, on the RSI indicator, despite a slight change on the chart, we have an upward movement but there is room for the price to go up, while taking into account the STOCH indicator, it is clear that we are approaching the upper limit, which may result in another recovery and only then a larger upward move.
by cryptodailyuk
3
BTC Short-Term 1H Chart ReviewHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price has fallen below the local uptrend line. After unfolding the Fib Retracement grid, we see that the price remains in a strong support zone from $26,980 to $26,532, and then we have support at $25,970. Looking the other way, the first resistance is at the price of $27,328, then we have resistance at the price of $27,567, and then there is a resistance zone from $27,814 to $28,166. Looking at the CHOP indicator, we see that the energy rebound is used for a small increase, while on the RSI indicator, despite small movements on the chart, we returned to the upper part of the range with room for the price to go a little higher.
by cryptodailyuk
1
ETH/USDT 4HInteral Review ChartHello everyone, let's take a look at the ETH to USDT chart on a 4-hour time frame. As you can see, the price is moving just below the local downtrend line. After unfolding the Trend Based Fib Extension grid, we see that the price remains under support, while the next support is at $1,499, and further at $1,466. Looking the other way, the first resistance is at $1,565, then we have resistance at $1,593, the next resistance at $1,614, and then we have the resistance zone from $1,637 to $1,668. Looking at the CHOP indicator, we see that there is still energy for movement, on the STOCH indicator we have a slight rebound with room for growth, while the RSI indicator is moving towards the lower limit and we are currently experiencing a slight increase.
by cryptodailyuk
BNB/USDT 1H ReviewHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price remains below the local downtrend line. After unfolding the Trend Based Fib Extension grid, we see that the price remains at the support of $205.6, then we have support at $203.3, and then the support zone from $201 to $197. Looking the other way, you can see the first resistance at $207.8, then the second resistance at $209.7, and then the resistance zone from $211 to $214. Looking at the CHOP indicator, we see that the energy is gaining strength, while the STOCH indicator shows a rebound with room for further decline.
by cryptodailyuk
3
ETC/USDT 12.10.2023 Review ChartHello everyone, I invite you to review the ETC chart in pair with USDT, on a one-day time frame. First, we will use yellow lines to mark the triangle in which the price is approaching the exit and the direction of movement. Going further, we can move on to marking support areas when we start a larger correction. And here you can see a strong support zone in which the price is currently close to the lower border of the zone ranging from $19.64 to $12.60, but when we break out of it, using the trend based fib extension grid we can determine a second smaller zone from 9 $.61 to $7.48. Looking the other way, we see that the price has a significant resistance zone from $25.18 to $29.09, only when it overcomes it will it move towards the resistance level of $33 and then $38.62. Please look at the CHOP index, which indicates that there is still energy in this movement, the STOCH indicator shows exhausted energy, which is also confirmed by the chart, while the RSI indicator shows a strong rebound, but with room for the price to go slightly lower.
by cryptodailyuk
BTC/USDT 4HReview ChartHello everyone, I invite you to Thursday's review of the current situation on BTC in pair with USDT, taking into account the four-hour interval. First, we will use the yellow line to mark the upward trend lines from which the price has currently broken down. When we turn on the EMA Cross 200, we can see that the price has returned below the moving average, which also indicates a return to the downtrend. Now we can move on to marking support areas in case the correction deepens. And here, first of all, it is worth marking the support at the level of $26,750, at which the price currently holds, but when it drops lower, it will move towards the strong support zone from $26,313 to $25,691. Looking the other way, we can determine resistance locations in a similar way using the Fib Retracement tool. First, we will mark the resistance zone from $27,322 to $27,552, when it is overcome, the price must overcome the second resistance zone from $27,798 to $28,140, only then will we be able to see new increases. Please pay attention to the CHOP index, which indicates that most of the energy has been used, on the STOCH indicator we have exceeded the lower limit, which also resulted in the price decline slowing down, also on the RSI index we are moving at the lower limit of the range, which may result in a price rebound in the coming hours.
by cryptodailyuk
2
BTC 4H Chart Review!Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price came out of the local upward trend line. When we unfold the Fib Retracement grid, we can mark the support zone in which the current price ranges from $26,984 to $26,547, but if we fall below this zone, we may see a drop to the support level of $25,976. Looking the other way, we will start by marking the first resistance zone from $27,185 to $27,459, and then we have a second strong zone from $27,896 to $28,215. Looking at the CHOP indicator, we see that there is still some energy left for the move, while on the STOCH indicator and the RSI indicator, we are moving at the lower limit, which has slowed down the current correction and may indicate that we are approaching its end.
COINBASE:BTCUSD
by cryptodailyuk
1
MKR/USDT 1DChart ReviewI invite you to review the chart of MKR paired with USDT. First, we will use the yellow line to mark the downward trend from which MKR came out on top, while locally, we can use the blue lines to mark the upward trend channel in which the price is moving. When we unfold the Fib Retracement grid, we will notice that the price has approached the support level of $1,340, which is currently keeping the price from falling further, but when it breaks, we have another support level of $1,179, and further we can mark a strong support zone from $1,050 to $920. Looking the other way, we see that the price has been rejected from the important resistance zone from $1,503 to $1,741, which it has no strength to break yet. However, if we manage to break out of this zone, we will move towards the resistance level of $2,081 and then towards the resistance level of $2,508. At this point, it is worth marking the moving average EMA Cross 200, from which the price has gone up and, despite the current recovery, it remains above the blue line, remaining in a strong upward trend. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, on the STOCH indicator we are at the lower limit, which has resulted in the current decline slowing down, while on the RSI indicator we are returning to the middle of the range, despite the price dropping lower, we are getting closer. to the point where we previously started to grow again, which is worth keeping in mind.
by cryptodailyuk
2
ETH/USDT 1DInterval ReviewHello everyone, I invite you to review the ETH pair to USDT chart, also on a one-day time frame. First, we can use the blue lines to mark the upward trend channel in which the price is currently moving in the lower range. We also see that the ETH price made a negative attempt to break out of the blue EMA Cross 200 line, remaining in a downward trend. Now let's move on to marking the support places. We will use the Trend Based Fib Retracement tool to mark supports, and as you can see, the price remains at the lower limit of the current support zone from $1,664 to $1,551, but if we fall below this zone, the price may exit the channel below and return to the vicinity of the strong support zone from $1,389 to $1,184. Looking to the second one, we see that the price has rebounded from the resistance level at $1,734 for the second time, only when it is overcome will we move towards the next resistance levels at $1,891 and then $2,017, then the price will move towards the very strong resistance zone of $2,143 to $2,321. Index CHOP indicates that energy has been used. The MACD indicator is on the verge of entering a local downtrend. However, we see a rebound on the RSI, but we remain in an upward trend.
by cryptodailyuk
1
BTC/USDT 1D Review CHartHello everyone, I invite you to Tuesday's review of the current situation on BTC in the USDT pair, taking into account the one-day time frame. First, we will use blue lines to mark the upward trend channel from which, as you can see, the price has come out at the bottom. Therefore, at this point, you need to determine a new side trend channel in which the price is currently moving. When we turn on the EMA Cross 200, we can see that the BTC price has gone above the blue moving average line of 200, and we are currently struggling to stay in the uptrend. Now we can move on to marking support areas in case the correction deepens. And here, first of all, it is worth marking the support zone from $25,617 to $23,654, from which the price has already bounced several times, but when we fall below this zone, we may see a drop to the vicinity of the second, very strong support zone from $21,748 to $18,976. Looking the other way, we can determine resistance locations in a similar way using the Fib Retracement tool. And here you can see that the price is again approaching the resistance at the level of $28,043, only when we go up above it, we will see an attempt to attack the very strong resistance at the level of $31,912, which is also the upper limit of the currently ongoing sideways trend channel, then a path will open up direction $35,724. Please pay attention to the CHOP index, which indicates that the energy is slowly starting to grow, on the STOCH indicator we are near the upper limit, which may result in a greater recovery, but on the RSI indicator we are back near the middle of the range and considering that we have not touched the upper limit, we can see a new attempt at growth after the current recovery.
by cryptodailyuk
2
ETH/USDT 4HInterval ReviewHello everyone, let's take a look at the ETH to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local downtrend line. After unfolding the Trend Based Fib Extension grid, we see that the price has returned and remains at the support level of $1,579, but we may still see a decline to the support level of $1,473. Looking the other way, we have a significant resistance zone from $1,662 to $1,694, and then resistance at $1,734 before further increases. Looking at the CHOP indicator, we can see that the energy has been used, while the STOCH and RSI indicators also indicate that the energy has been exhausted, which stopped a further decline in this movement.
by cryptodailyuk
LTC/USDT 4HInterval ReviewHello everyone, I invite you to review the chart of LTC in pair with USDT, on a four-hour interval. First, we will use the yellow line to mark the downward trend lines from which the price has gone up, while locally we can see that we are moving in a sideways trend channel. Moving forward, we can move on to marking support areas when we return to the correction. And here you can see that the lower border of the channel is also a support zone lasting from $63.28 to $61.97, but when we fall lower, we still have support at $60.10, and then support at $57.69. Looking the other way, we see that the price has reached an important resistance zone from $65.71 to $67.91, which it does not have the strength to break yet. However, if we manage to break out of this zone and the upper border of the channel, we still have strong resistance at $70.69. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move. On the STOCH indicator, we are exceeding the upper limit, which may end the current upward movement and translate into a price recovery, while on the RSI indicator, there is still room for the price to grow.
by cryptodailyuk
3
ETH/USDT Short-Term Review ChartI invite you to review the chart of ETH in pair with USDT, also on the one-hour time frame. Let's start, as in the case of BTC, by marking the local upward trend line from which the price came out lower. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and as you can see, the price remains in a strong support zone from $1,635 to $1,603, but when we fall below this zone, we may see the price drop to the support level of $1,563. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here, on the upward path, there is a strong resistance zone from $1,661 to $1,679, then we have resistance at $1,696, and then the second zone from $1,720 to $1,751. The CHOP index indicates that we have more and more accumulated energy, on the STOCH indicator we are in the process of recovery, which is also confirmed by the RSI indicator, where we could see a quick withdrawal from the upper part of the range.
by cryptodailyuk
BTC/USDT 1H Interval Short-TermHello everyone, I invite you to review the current situation on BTC in the USDT pair, taking into account the one-hour interval. First of all, we will use the yellow line to mark the local upward trend line from which the price broke down. As we can see, despite several attempts to return above this line, the price was rejected. 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 zone which stopped the current correction from $27,248 to $27,012, but when we fall below this zone, we may see a drop to around $26,710, and then a quick decline even to the support level at $25,846. Looking the other way, we can determine resistance locations in a similar way using the trend based fib extension tool. First, we will mark the resistance zone from $27,776 to $28,152, when it is overcome, we have resistance at $28,458, and then a strong resistance zone from $28,762 to $29,195. Please pay attention to the CHOP index, which indicates that the energy is gaining more and more strength, the STOCH indicator shows a quick use of energy and then a sudden increase, but looking at the RSI index, we have not exceeded the lower limit, which may still affect the next correction attempt.
by cryptodailyuk
BNB Short-Term 1HInterval ReviewHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving below the local uptrend line. After unfolding the FIb Retracement grid, we can mark a strong support zone with a price ranging from $212 to $209.7, while we still have support at $206.5. Looking the other way, there is a resistance zone from $214.9 to $215.9, then there is resistance at $217.2, another at $219.1, and then there is resistance at $221.6. Looking at the CHOP indicator, we see that there is some energy left for continuation, the STOCH indicator shows that the upper limit has been exceeded, which resulted in another recovery, and the RSI shows a pullback, which may result in a greater drop in the price.
by cryptodailyuk
BTC/USDT 4HInterval ReviewHello everyone, let's take a 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. When we spread the trend based fib extension grid, we can determine the support zone from $27,411 to $27,084, but when this zone is broken, we still have strong support at $26,141. Looking the other way, you can see that the price was rejected by the resistance at $28,156, then we have a second resistance at $28,467, and then a strong resistance zone from $28,783 to $29,218. Looking at the CHOP indicator, we can see that the collected energy is used to increase the price, but the STOCH indicator shows that we have approached the upper limit, which resulted in a recovery, while the RSI indicator has returned to the middle of the range, but there is still a lot of room for recovery.
COINBASE:BTCUSD
by cryptodailyuk
3
#OIL selling opportunityHi dear traders and colleagues, lets look at oil and see if there is any selling opportunity in this commodity or not. As you can see on the chart we have done a research and find out that any time when stochastic indicator is in overbought in Weekly timeframe and cross below cross below its signal line we have seen a bearish move by the price. Other things that gives us more confluences to take this trade is the fact that price currently is testing resistance area and also close to tentative bearish trendline. from fundamentally perspective also we know although we shortage supply by the side of suppliers especially from Saudi Arabia but the fact that we are close to the end of hiking cycle by the central banks and as a result we can see some damages in economic which cause lower demand for the oil. These are all showing that at least having a bearish correction move in Oil prices is possible and even if price wants to go higher we can have correction from this area.
CAPITALCOM:OIL_CRUDEShort
by mohemati
DOT Short-Term 1HI invite you to review the chart of DOT in pair with USDT, on a one-hour interval. First, we will use the yellow line to mark the local upward trend line from which the price came out on top. Going further, we can move on to marking support areas when we start a larger correction. And here we can see that the price remains in a strong support zone from $4.06 to $3.97, but when this zone is broken we may see a drop to the area of the second zone from $3.84 to $3.78. Looking the other way, it is worth starting by marking the important resistance zone from $4.17 to $4.22, and then before larger increases the price must overcome the resistance at $4.30. Please look at the CHOP index, which indicates that there is a lot of energy for the upcoming move, the STOCH indicator shows that there is room for the price to go a little higher, similarly on the RSI indicator, we are moving in the lower part, which may result in a rebound.
by cryptodailyuk
BNB/USDT 4HInterval ReviewHello everyone, I invite you to review the chart of BNB in pair with USDT, also on a four-hour interval. Let's start by marking with a yellow line the local downward trend line from which the price came out on top. However, at this point you can see that despite the top leaving the downtrend line, the price is moving just above it in a downward movement. As we can also see, the attempt to return above EMA Cross 200 and, consequently, to a strong upward trend was unsuccessful and we quickly returned to the previous level. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and as you can see, the price has returned to the strong support zone from $215 to $210, but if the current zone does not hold the price, we may see a drop to the strong support level of $203.4. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here, as the first resistance, we have a zone from $219 to $223, which rejected the price, only after breaking it higher will we be able to see an attempt to attack the resistance levels at $228, and then another resistance at $234.9. The CHOP index indicates that the energy has been used and we are currently experiencing a slight increase, the STOCH indicator also shows a strong depletion of energy, which has slowed down the price declines, while the RSI shows a strong deviation to the lower part of the range, which creates a lot of room for increases, but before that we may still see an attempt to go down prices a little lower.
by cryptodailyuk
BTC/USDT 4HInterval Review ChartHello everyone, I invite you to review the current situation of BTC in the USDT pair, taking into account the four-hour interval. First, we will use the yellow line to mark the downward trend lines from which the price has moved into the upward trend channel marked with blue lines. When we look at the EMA Cross 200, we see that the price remains above the blue 200 moving average line, which indicates that the uptrend is continuing. 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 zone in which the price currently ranges from $27,711 to $27,180, but when we fall below this zone, we may see a drop to the area of the second zone from $16,309 to $25,682. Looking the other way, we can determine resistance locations in a similar way using the Fib Retracement tool. As you can see, the price after crossing the resistance at $28,190 and touching the upper border of the channel was quickly reversed, but when we manage to break above this resistance, we can see an attempt to increase towards the strong resistance zone from $29,087 to $30,219. Please pay attention to the CHOP index, which indicates that after the previous strong exhaustion, we are trying to rebuild energy, on the STOCH indicator we are clearly moving towards the lower limit, which confirms the sideways trend and energy collection, while on the RSI indicator, despite the recovery, we returned to the middle of the range, which indicates that there is still room for the price to be brought down.
by cryptodailyuk
3