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ETH/USDT 1H Short-TermHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. The price still remains below the local downtrend line. After unfolding the Fib Retracement grid, there is support at $2,470, followed by strong support around $2,380. Looking the other way, you can see how the price turned back before the resistance at $2,499, while we still have a strong resistance zone from $2,573 to $2,614. There is room for growth on the RSI, but the STOCH indicator has exceeded the upper limit and we have a visible rebound, with room for a larger price decline.
by cryptodailyuk
BTC/USDC 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 has dropped significantly and remains below the downtrend line. After unfolding the trend based fib extension grid, you can see support at $40,602, and then strong support at $39,217. Looking the other way, we have resistance at $41,476, the second at $41,936, and the third strong resistance at $42,664. The RSI shows room for the price to go lower, while the STOCH indicator is approaching the lower limit, which stopped the price decline.
by cryptodailyuk
LINK/USDT 4HInterval ChartI invite you to review the LINK chart on a four-hour interval. As we can see, the price has overcome the downward trend lines, but currently the blue lines mark the upward trend channel that the price has created with upward movements. Let's start by laying out the Fib Retracement grid, which will help determine price support points, and we can see that first we have support at $14.80, and then we can see a strong support zone from $13.10 to $12.20. Looking the other way, we can similarly determine the resistance areas that the price must face. And here you can see the price approaching a strong resistance zone from $16.48 to $17.64. If the price breaks out of this zone and tests it positively, we may see increases towards the resistance level of $31. Please look at the RSI indicator because you can see that we are approaching the upper limit, but there is still room for further increases. However, the STOCH indicator shows an increase to the upper limit, which limits the upward movement and may result in a price recovery.
by cryptodailyuk
BTC 1H Bearish Pennant?Hello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the short interval of one hour. We will start by defining the downward trend line in yellow, and here we can see how the price left this line sideways and formed the so-called Bearish Pennant, which we used blue lines to mark. It's worth taking a moment to discuss Bearish Pennant here, as it is characterized by a downward price breakout. We can determine the stoploss level and then go lower and determine the entry level if we want to play a short position. And in this situation, you can often see a breakout at the height level between the stoploss position and the entry into the position. Now we can move closer to the chart taking into account recent price movements in order to check for resistance points in the event of a trend reversal. And here, after unfolding the trend based fib extension grid, you can see resistance at the level of $43,124, and then, near the designated stoploss, you can see the resistance zone from $43,882 to $44,281. Looking the other way, we can similarly identify support areas when the price starts to fall lower. And here you can see how the price is based on the support zone from $42,518 to $42,225, but if the zone is broken, we will see support around $41,393. At this point, it is worth turning on the EMA Cross 10 and 30 indicator, because we can see how the red line crossed the green line from above, which confirms the return to the local downtrend. The RSI indicator shows that it has started to reverse after crossing the middle of the range and still has room to decline. However, the STOCH indicator shows that energy is starting to run out, which may cause the price to slow down again.
by cryptodailyuk
BNB/USDT Short-Term 1HHello 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 above the local uptrend line. After unfolding the trend based fib extension grid, you can see support at $311, and then a support zone from $299 to $293. Looking the other way, strong resistance appears at $324, followed by a resistance zone from $338 to $345. The RSI indicator is recovering with room for further decline, while the STOCH indicator has a temporary rebound, which keeps the price falling.
by cryptodailyuk
ETH/USDT 4H ChartI invite you to review the chart of ETH in pair with USDT, also on a four-hour time frame. You can see here a similar movement behavior as in the BTC chart, it can also be defined with blue lines, a local channel of an upward trend, in which the price remains for now. Going further, it is worth spreading the fib retracement grid to determine price supports. And as you can see, the first support at $2,472 maintains the current declines, we will further define the support zone from $2,319 to $2,209, and when the price breaks out of this zone it may go down to $2,071 Looking the other way, you can see that the resistance level at $2,553 stops the price from making larger moves, but if we come out on top, it is still worth marking the resistance zone from $2,664 to $2,720, which stops the price from moving towards $2,900. In this situation, it is worth looking at the EMA Cross 10 and 30 indicator, because you can see how the red EMA Cross 10 line is approaching the intersection of the green EMA Cross 30 from above, which could give a local downward impulse. On the RSI indicator, we reached the middle of the range, with room for further movements, while the STOCH indicator rebounded dynamically, but this may indicate a temporary local movement of the side trend.
by cryptodailyuk
1
BTC/USDT 4H Interval Chart ReviewHello 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 blue lines to mark the local channel of the upward trend, from which we could observe how the price dynamically breaks out from the bottom. After determining the height of the channel, we can see that the price drop after leaving it at the bottom resulted in a similar level of declines. Now we can move on to marking support areas in case the correction begins to deepen. And here, after unfolding the Fib Retracement grid, it is first worth marking the support zone from $42,521 to $40,791, but when we fall below this zone, we may experience another quick price drop to around $35,689. Even to confirm, after unfolding the trend based fib extension grid, it can be seen that the level of the lower border of the support zone coincides with the level of 1.618fib, while the support below coincides with the level of 2.618fib. Looking the other way, in a similar way using a fib retracement mesh, we can determine the places of resistance. Here we will start by identifying the resistance at $44,356, then it is worth considering the resistance zone from $47,377 to $48,999, which includes the currently established peak, and then we see resistance around $53,512. After turning on the EMA Cross 50 and 200 indicator, you can see that despite the strong rebound that was triggered by events related to spot etf on BTC. resulted in a decline of approximately 15%, but the indicator still indicates a strong upward trend. The RSI indicator shows a slight increase despite a slight price change on the chart, while the STOCH indicator shows a strong upward movement, which creates room for a new downward impulse that we should keep an eye on.
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 is getting closer to leaving the triangle and taking a direction. When we unfold the fib retracement grid, we can see a fight against strong resistance at the level of $43,033, and then we can see the zone from $43,454 to $43,989. Looking the other way, there is support at $42,579, followed by a support zone from $41,882 to $41,504. On the RSI indicator we are returning to the middle of the range, while on the STOCH indicator we are again approaching the upper limit, which may result in a new price recovery.
by cryptodailyuk
BNB/USDT 1DIntervalBNB/USDT on a one-day time frame. We will start by identifying a downtrend line from which we can see how the price has gone up and is currently struggling to stay above this level. Moreover, at this point we can see the formation of the Cap and Handle formation, which is characterized by a first large and a second smaller low, after which an upward price break can be observed. Moreover, the recent declines were caused by the bombardment of the media with negative information about the Binanc exchange, which lowered the valuation of the BNB token. Going further, when we unfold the fib retracement grid, we will see that the price has been rejected by a very strong resistance zone from $319 to $351, but if we return to it and the price goes up, the path towards the next significant resistance around $443 will open. Looking the other way, we will define the places of support in a similar way. And here we can see the first support at the level of $286, then we can determine the second support at the level of $253.7, which could potentially fill the formation. However, if the formation is broken, we still have a very strong support zone from $231 to $202. Please look at the RSI indicator, which shows a rebound towards the upward trend line, while the STOCH indicator shows a strong downward movement, which resulted in a small price movement on the chart, but there is still room to deepen the correction.
by cryptodailyuk
BTC/USDT 1DInterval Chart Hello everyone, I invite you to review the BTC to USDT chart, taking into account the one-day time frame. And here we will start by defining the upward trend channel with the blue lines, in which the price has rebounded from the upper limit and we are now observing a local rebound. Let's now move on to laying out the Fib Retracement grid from the price high of the last bull market to the bottom. And here we see that the price has touched our golden fib point of 0.618, at which we could observe a market recovery in previous cycles, however, here it is worth spreading the fib grid again, thanks to which we can see that these levels coincide and we can still determine a zone of strong resistance from $57,714 to $69,240, only when the price goes above this zone can we see potentially further increases, where a barrier in around $100,000. In order to determine supports, if the correction turns out to be larger, we will again spread the fib retracement grid, this time from the bottom to the current peak, and here we can see support at the level of $36,555, and another very strong one around $28,353. However, here, after redistributing the grid taking into account the recent upward movement, we can expand the support areas to support zones and the first zone is from $36,500 to $33,890, while the second one is from $29,780 to $28,250. Finally, please look at the RSI indicator, which shows a rebound in which we are fighting to break the local upward trend, while the STOCH indicator shows a rebound with room for deepening the current correction.
by cryptodailyuk
BTC DominanaceHello everyone, I invite you to every Friday's review of the leading cryptocurrencies, let's start by checking the situation regarding BTC's dominance over the rest of the market. We will start by defining, using the yellow line, a local upward trend that was dynamically interrupted by a sudden capital flow. Moving forward, we will unfold the Fib Retracement mesh to check potential support locations. And here we can see that even the level of 0.618 golden FIB point was quickly broken, and currently the closest support is at 51%. However, if this support is broken, we may observe further capital flow and, consequently, a return to the area of the next important support at the level of 48.47%. When we unfold the fib retracement in the second direction, we can mark the main resistance zone from 54.45% to 55.37%, which effectively stops the inflow of capital into BTC. We can also switch to a one-day time frame, and after zooming out the chart, we can determine the main downward trend line using the white line.
CRYPTOCAP:BTC.D
by cryptodailyuk
BTC Spot ETF, mixes the marketBTC is experiencing large price fluctuations related to the BTC spot etf, which has been accepted this time. However, it can be seen that the price has returned to the local downtrend line. After unfolding the trend based fib extension grid, we can see the resistance zone from $45,297 to $44,288, and further we can see a decline to around $41,375. Looking the other way, you can see resistance at $46,906, and then a resistance zone was formed from $48,301 to $49,022, which keeps the price from increasing further. The RSI indicator shows a strong recovery, but there is still room for a larger decline, while the STOCH indicator approached the lower limit, which resulted in the correction slowing down.
by cryptodailyuk
SOL/USDT 4H Chart ReviewI invite you to review the SOL chart in the USDT pair. We will start by defining the yellow line as an upward trend line from which the price has broken out at the bottom, creating an ongoing downward trend channel in which we are approaching the upper border. Going further, we can move on to marking support areas when we start a larger correction. And here the first support is at the price of $89.78, but further we can define a very strong support zone from $80 to $67. Looking the other way, once again after unfolding the fib retracement saitka, we see that the price has reached the resistance level at $100.73, only when it overcomes it and exits the upper channel, will it move towards the resistance zone from $118 to $126, which is held price before moving towards $151. Please look at the RSI indicator, which has returned to the middle of the range, making it difficult to indicate the direction, while the STOCH indicator shows a downward movement with room for the price to recover more.
by cryptodailyuk
ETH/USDT 4HInterval ChartI invite you to review the ETH pair to USDT chart by looking at the analysis performed in the last video. And here we can see that the price has broken through the designated resistances, and is currently struggling to stay above the resistance zone from $2,353 to $2,430, only when it positively tests it will it be able to make another upward move. Now we will move on to unfolding the Fib Retracement grid, thanks to which we will move the previously determined support areas, and here we can see a clear support at the level of $2,278, and then a support zone from $2,228 to $2,166. However, if the price maintains the previous resistance zone, we will be able to see an attempt to increase towards the next very strong resistance level at $2,541. Moreover, in the current movement we can see how a local upward trend channel is forming, which we can define with the help of blue lines. Now we will again pay attention to the RSI indicator, which shows a visible recovery, but there is still room to the upper limit, which may result in an increase in price, in this case, however, the STOCH indicator shows a movement above the upper limit, which could affect the current recovery, but it is clear that there is a lot room for further recovery of the indicator.
by cryptodailyuk
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BTC Long-Term analysis 4HHello 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 blue lines to mark the local upward trend channel in which the BTC price is struggling to stay in the channel. At this point, however, it is worth emphasizing that yesterday's dynamic price movements were caused by false information about the SEC's approval of the Spot ETF for BTC. The announcement was made on the X platform through a hacker hacking the SEC's official account. Next, it is worth turning on the EMA Cross 10 and 30 indicator, which shows that the upward trend is still maintained, but it is worth keeping the red line in mind, because when it crosses the green line from above, it will confirm a potential return to the downward trend. Now we can move on to marking the support areas, and for this purpose we will spread the trend based fib extension saitke, thanks to which we can see that the current decline has been maintained by the support at the level of $44,701, and then it is worth defining the support zone from $43,814 to $42,665, but if the zone is once broken, we can see a decline to the support level of $39,422. Looking the other way, using a grid in a similar way, we can determine places of potential resistance that can effectively reject the price. And here we can see the first resistance that rejected the increases at $47,137, then we have visible resistance around $49,000, and then we can mark the zone from $50,119 to $51,702, which is before an attempt at further increases to the new ATH. Please pay attention to the RSI indicator because you can see that it behaves similarly to the STOCH indicator - both of them show a recovery with room for a potentially larger recovery that could occur in the event of a possible decision regarding spot etf btc.
by cryptodailyuk
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Unleash the power of Ethereum in 2024COINBASE:ETHUSD Ethereum stands tall as a beacon of innovation, and its future in 2024 looks brighter than ever! With a strong foundation built on the groundbreaking achievements of 2022 and the ever-growing support of the crypto community, Ethereum is poised to make a remarkable comeback in the coming year. One of the key drivers of Ethereum's bullish thesis for 2024 is the upcoming network upgrade, EIP-4844, which promises to bring significant improvements in transaction speeds and costs. This upgrade is expected to take place during the first half of 2024, and it could be the catalyst that propels Ethereum to new heights. Moreover, the recent shift in market sentiment towards Ethereum, as evidenced by the growing number of institutional investors and the potential for a spot Ethereum ETF, further strengthens its bullish case. As more investors recognize the unique utility of the Ethereum blockchain for dApp developers, NFTs, and DeFi applications, the demand for ETH is likely to surge. In addition, the deflationary nature of Ethereum, which was first observed in 2023, is expected to continue in 2024. This deflationary pressure, coupled with the growing adoption of DeFi and NFTs on the Ethereum network, will likely result in increased utility and demand for ETH. Furthermore, the technical analysis of Ethereum's price action in 2024 reveals a bullish pattern, with the formation of an ascending triangle and a triple top. These patterns suggest that a breakout to the upside is imminent, and the price of ETH could reach new all-time highs in the coming year. #ETH #BTC
COINBASE:ETHUSDLong
by EgideSimba
Bullish on $SHOPNYSE:SHOP Shopify Inc. ( NYSE:SHOP ) is currently experiencing a bullish momentum in the market, with its recent breakthrough of the $68 resistance level. This surge in price action has captured the attention of investors and analysts, as the stock is now targeting the next major price point at $89 (Will be taking partial profit at this level) and ultimately aiming for $150 price point. The upward trend in Shopify's stock performance can be attributed to several factors, including the company's strong market presence and innovative approach to e-commerce solutions. As the digital landscape continues to evolve, Shopify has consistently demonstrated its ability to adapt and capitalize on emerging trends, making it an attractive option for investors seeking growth opportunities. The recent financial results have showcased Shopify's robust revenue growth and strong market positioning. These factors have contributed to the bullish sentiment surrounding the stock, as investors anticipate further growth and potential price appreciation in the near future.
NYSE:SHOPLong
by EgideSimba
6
ETH/USDT 4H Interval ChartETH paired to USDT on a 4-hour time frame. As you can see, the price has broken out of the local downtrend line and is currently staying above the uptrend line. Let's start by determining the support line and as you can see, the first support is $2,250, the second support is at $2,182, and then there is a strong support zone from $2,133 to $2,072. Looking the other way, we can see resistance again at $2,292, and then we have a strong resistance zone from $2,353 to $2,430. When we look at the RSI indicator, we see a rebound with room for a larger decline, and a similar situation can be seen on the STOCH indicator.
by cryptodailyuk