Get started

Supportandresitance

DOT/USDT 1DInterwal Review CHartHello everyone, I invite you to review the DOT chart in pair to USDT, on a one-day interval. First, we will use the blue lines to mark the downtrend channel in which the price is currently holding. Moving on, we can move on to marking support areas when we start a larger correction. And here we can mark the support zone from which the price bounces from $4.36 to $4.03, then we can mark strong support at $3.56 and then $2.96. Looking the other way, we see that the price is on its way to a very strong resistance zone from $5.02 to $5.47, then there is resistance at $5.81, and then it will move towards a very strong resistance at $6.78 $. Please look at the CHOP index, which indicates that we are collecting more and more energy for the upcoming move, the RSI indicator shows an increase, but there is still a lot of room for the price to go higher, while the STOCH indicator indicates an upward movement with room for further price increase as well.
by cryptodailyuk
2
BTC 1D Review Chart Hello everyone, I invite you to review the current situation on BTC in pair to USDT, taking into account the interval of one day. First, we will use the blue lines to mark the downtrend channel, which the price has left with a strong downward move, while we are currently seeing a sideways exit from the downtrend line. Now we can move on to marking support areas in case the correction starts to deepen. For this we will lay out the Fib Retracement grid and here we can immediately see that the price stays in a strong support zone that lasts from $26311 to $24793, when the zone is broken down by the price we can see a strong downward move to the support area of 20411 $. Looking the other way, we can also check resistance points for the price when it starts to rise. As we can see the first resistance is at $27625, then we have the second resistance at $28477, then there is a strong resistance zone from $29244 to $30422, only when the price goes up and then positively tests this zone will move towards a very strong resistance at at $31,858. When we turn on the EMA Cross 200, we see that the price has fallen below the moving average of 200, indicating a return to the downtrend. When we look at the CHOP, RSI and STOCH indicators, we can see that energy is used everywhere and as the price movement on the chart confirms, we can see on the indicators that we are in a period of consolidation, which may give an upward movement in the coming days.
by cryptodailyuk
2
ETH/USDT 1HInterval Review ChartHello everyone, let's take a look at the ETH to USDT one hour chart. As you can see, the price is staying below the local downtrend line. After unfolding the Fib Retracement grid, we see that the nearest support is at $1641, then the second support at $1626, the third support at $1605, and then the fourth strong support at $1580. Looking the other way, we see that the price failed above the first resistance zone from $1652 to $1661, when it does it has a second resistance zone from $1671 to $1685, followed by strong resistance at $1702. Looking at the CHOP indicator, we see that the energy in this move has been used up, on the RSI we have an increase to the middle of the range and room for the price to go higher, however, the STOCH indicator shows that most of the energy has been used in this move, hence a small rebound before a possible further increase.
by cryptodailyuk
1
USDX TRADE IDEAhi all Im expecting a drop following a breakout of previous weekly resistance 103.216, but the USDX maintained its momentum and ended the week at 104.366. The price is close above my resistance level from the last trade plan. Therefore, to limit losses, I either cut after the market opens or wait till after US open and watch the price action. On the weekly chart, I can see that the head and shoulders pattern and neckline 1 have already broken out, so this week, I'm interested in seeing whether the price in towards NFP or whether it will correct to wave B. Let me know what you think In the comments! **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
VANTAGE:USDXShort
by mytw0cents
BNB/USDT 1H Interval 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 has moved sideways from the local uptrend line. After unfolding the trend based fib extension grid, we see that the price is in the support zone from $216 to $213, then there is support at $211, third support at $209, and then support at $205. Looking the other way, we see that first there is a resistance zone from $217 to $220, then resistance at $222, then resistance at $224, then resistance at $228. Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, we have a rebound on the RSI and although there is room for further decline, when we look at the STOCH indicator, we can see that the energy in the downward move has been used, which may give the price a rebound.
by cryptodailyuk
1
BTC/USDT 1H Interval ReviewHello everyone, let's take a look at the BTC to USDT chart on a one hour timeframe. As you can see, the price has returned below the local uptrend line. Let's start with the support line and as you can see the first support at which the price is located is $26089, then the second at $25912, the third at $25667, and then the fourth very strong support at $25354. Looking the other way, we see first resistance at $26,352, then resistance at $26,439, third at $26,531, and then resistance from $26,659 to $26,823. Looking at the CHOP indicator, we see that the energy has been used to decrease the price, on the RSI we have a rebound with a place for the price to go lower, while the STOCH indicator indicates that the energy in this move has been used, which may stop the price drop.
by cryptodailyuk
1
ETH/USDT 1H IntervalHello everyone, I invite you to review the chart of ETH in pair to USDT, also on an hourly interval. As we can see, the price is moving along the local downtrend line. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and as you can see we first have a support range from $1628 to $1601, a second support at $1573, a third at $1533 and then we have a strong support at $1483. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here the price faces a strong resistance zone from $1685 to $1712, and when we break above this zone ETH has to break the resistance at $1747. When we turn on the EMA Cross 10 and 30, we can see that the red line of the ema cross 10 is approaching to intersect the green lines of the ema corss 30 from below, indicating a return to the local uptrend. The CHOP index indicates that there is more and more energy in the current movement. On the RSI indicator we have a visible increase with room for the price to go a little higher, while the STOCH indicator also indicates that we can see the price increase.
by cryptodailyuk