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Trendanalyse

BNB/USDT Chart 4HIntervalHello everyone, I invite you to review the BNB pair to USDT chart. First, we will use the yellow line to determine the downward trend from which the price has moved upwards, moving into the upward trend channel, marked with the blue lines, in which the price moves at the upper limit of the range. Going further, we can move on to marking support areas when we start a larger correction. And here, first of all, we have a support zone from $240 to $231, but if the zone does not maintain support, we may see the price return to the area of the second zone from $217.5 to $207. Looking the other way, we see that the price is fighting in a strong resistance zone from $247 to $255, only when we break out of it and then it is positively tested, we should see a move towards the resistance at $277. When we turn on EMA Cross 50 and 200, we have clear confirmation of the return to a strong upward trend, which should now be watched to see how this indicator will behave further. Please look at the CHOP index, which indicates that the energy is approaching exhaustion, while the RSI and STOCH indicators show that the upper limit has been exceeded, which has stopped further price growth and should result in a price recovery.
by cryptodailyuk
BTC Dominance 4HInterval ChartHello everyone, I invite you to review the current situation of BTC's dominance over the rest of the cryptocurrency market. First, we will use the blue lines to define the upward trend channel in which we have been moving for a long time. Now we can move on to marking support areas in case the correction continues to deepen, to determine current supports we will use the Trend Based Fib Extension tool and here we can see the support zone from 52.54% to $52, where the price is currently located, however, we still have support at the level of 51.29%, and then we can see a quick decline to the support level of 49.27%. Looking the other way, we will determine resistance in a similar way. And here you can see that the strong zone from 53.20% to 54.35% reacted strongly to the dominance and rejected its increase, only when we go above this zone can we move towards strong resistance at the level of 57.65%. Please pay attention to the CHOP index, which shows that the current movement is running out of energy, the RSI indicator and the STOCH indicator show that we are exceeding the lower limit, which should stop the current downward movement.
CRYPTOCAP:BTC.D
by cryptodailyuk
BTC Short-Term 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 trying to stay above the local downtrend line. After unfolding the Trend Based Fib Extension grid, we can see support at $34,690, and then we have a significant support zone from $34,243 to $33,924. Looking the other way, there is a resistance zone from $35,275 to $35,597, which is currently rejecting the price, while we still have resistance at $36,000. Looking at the CHOP indicator, we see that there is energy to continue the movement, on the RSI indicator we are near the middle of the range, while on the STOCH indicator we are at the upper limit, which may indicate a greater price recovery.
COINBASE:BTCUSD
by cryptodailyuk
1
ETH/USDT Short-Term 1HHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price moved sideways from the local downtrend line. When we unfold the trend based fib extension tool, we can see a support zone from $1,790 to $1,776, and then we have a second zone from $1,753 to $1,737. Looking the other way, you can see that the price is fighting in the resistance zone from $1,798 to $1,811, while it may continue towards the second zone from $1,848 to $1,867. Please pay attention to the RSI indicator, which shows room for a price increase, but the STOCH indicator shows that the upper limit has been exceeded, which has stopped the current upward movement and may provide a rebound.
by cryptodailyuk
BTC 1H Interval 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 remains above the local upward trend line. When we spread the trend based fib extension grid, we can determine the support zone from $35,321 to $34,925, and then we have support at $34,264. Looking the other way, we have a visible zone from $35,785 to $36,003, and then we have a second zone from $36,233 to $36,562. Please look at the RSI indicator, which is moving in the upper part of the range, which may bring a price decline, while the STOCH indicator indicates that there is still some room for the price to recover.
by cryptodailyuk
XRP/USDT 1D Interval Chart Overview of the XRP pair to USDT chart, on a one-day time frame. First, the yellow line will mark the downward trend from which the price has moved into the sideways trend channel marked with blue lines. Moving forward, we can move on to marking support areas when the price starts to reverse. And here the most important support point is the zone from $0.50 to $0.46, which protects against a larger price drop. Looking the other way, we see that the price has reached an important resistance level at $0.62, which it has no strength to break yet. However, if we manage to break above this resistance, we can move further towards the strong resistance zone from $0.74 to $0.82. As we can see, the place where the red ema cross 10 line crosses the green ema cross 30 line from below confirmed the transition to a local upward trend. Please look at the CHOP index, which indicates that there is still some energy left for movement, on the RSI indicator we are approaching the upper limit, which may limit the room for further growth, the STOCH indicator also exceeds the upper limit, which may also result in a rebound of the current increase.
by cryptodailyuk
1
BTC Short-Term 1HInterval ChartHello everyone, I invite you to review the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we will use the yellow line to mark the local upward trend line above which the price is staying. At this point, it is also worth marking the side trend channel with the blue lines where the price is in its upper part. Now we can move on to marking support areas when the correction begins to deepen. And after unfolding the Fib Retracement grid, we can see that we are currently in the support zone from $34,516 to $34,304, but when the price breaks down, we still have a second important zone from $33,959 to $33,716, and then support at the lower border of the channel at $33,402. Looking the other way, in a similar way, using the same fib retracement tool, we can determine the places of resistance. First of all, we will mark an important resistance zone from $34,746 to $35,109, which for now discourages any attempt to increase, but when we manage to come out on top and then test it positively, we will move towards the resistance at $36,164, only when the price overcomes it. it will go further towards $40,000. Please pay attention to the CHOP index which indicates that there is still energy to make a move, on the RSI indicator we are moving in a sideways trend near the middle of the range, while on the STOCH indicator the current price drop brings the indicator closer to the lower limit, which may result in a renewed trying to increase the price.
by cryptodailyuk
MATIC/USDT 1DInterval ReviewI invite you to review the MATIC chart in pair with USDT. First, we will use the blue lines to mark the upward trend channel from which the price broke out, creating a downward trend channel in which we could currently see the price leaving it with a sideways movement. When we unfold the Fib Retracement grid, we can see that the price remained at the upper limit, a very strong fundamental support zone from $0.58 to $0.31. Looking the other way, we can see a significant resistance zone from $0.74 to $0.90, only after we break out of it and then test it positively will we be able to see a further upward movement towards the second zone from $1.15 to $1, $33. Please look at the CHOP index, which indicates that most of the energy has been used, while the RSI and STOCH indicators show that we are moving at the upper limit, which may negatively affect the price and provide a rebound in the coming days.
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by cryptodailyuk
BNB/USDT 1DInterval ChartHello everyone, I invite you to review the BNB chart in pair with USDT, also on a one-day time frame. First of all, we can use the yellow line to mark the downward trend line from which the price went up. 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, first there is a support zone from $224 to $220, but then we can see a decline to the very strong zone from $209 to $202. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here you can see that the price has been rejected by the resistance zone from $231 to $238, only when we break above it will we move towards the resistance at $248. When we turn on EMA Cross 50 and 200, we can see that we are still in a strong downtrend, staying below the blue line of EMA Cross 200. The CHOP Index indicates that there is still energy left for a move. On the RSI, we are moving in the upper part of the range, but when we look at the STOCH indicator, the visible rebound creates room for a potential further price increase.
by cryptodailyuk
BKR: Energy stock has room to out-perform Oil related equities demonstrate impressive relative strength to the rest of the sectors, occupying 6 out of 10 best performing market groups. HAL - is one of the best stocks in the energy sector, with impressive consecutive earnings and sales growth 4 qrts in a row and double digits growth in eps estimates. Beside strong fundamentals, I always look for the price to establish reliable basing pattern with low risk entry point. Preferably I want this pattern to fit well into the larger elliott wave context, having upside potential within the price structure. Within the structure from 2020 lows, I can see at least one more move to the upside into 40-45-47 area of larger resistance. Trading plan: if price manages to break out above Friday's highs with volume rising above average, I will be planning to start building the position with 3-5% stop. Further follow-through above 36.2 and later 36.9 area would be a signal to add-on to position. Other technical signs to consider: - I was wowed by five (!) consecutive tight weekly closes. History of true market leaders (TML) through out each and every up-cycle teaches us that every TML had 2-3 weeks of tight closes during initial phases of price advance. - Though afterward breaking out from 5 weeks tight base, price faced 5 weeks of decline below this base, with some signs of distribution. Probable that was due to general market sell-off, but price is still below key 10w. MA, meaning it is still vulnerable to the downside; - I like the break-away gap in the beginning of October - sign of strength. The short-term potential of the analysis is valid until price stays above Oct. lows. Caution: Earnings are scheduled next week. Important notice: Elliot waves and fibonacci retracements are a very subjective form of analysis and I don't personally trade out of them. I use them only for the purpose of gauging structural potential of any assets, that allows me to put more confidence when low-risk trading set-up emerges. Analysis and opinion doesn't pay, only price pays.
NASDAQ:BKRLong
by artemfedorov
ETH/USDT 4HInterval Overview Chart Hello everyone, I invite you to review the chart of ETH in pair with USDT, also on a four-hour interval. Let's start by using the yellow line to determine the local downward trend from which the price broke at the top. 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, first we have a support zone from $1,772 to $1,744, and then it is worth defining a second strong support zone from $1,674 to $1,621. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here you can see that the price has been rejected by the resistance zone from $1,844 to $1,894, only when we come out on top will we be able to see an upward movement to the second zone from $1,976 to $2,034. When we turn on EMA Cross 50 and 200, we can see that the yellow line cuts the blue EMA Cross 200 line from below, which confirms a strong upward trend. The CHOP index indicates that there is energy for another move, the RSI indicator shows a rebound with room for further movement, but the STOCH indicator shows that we are approaching the lower limit, which slows down the declines and may result in another increase.
by cryptodailyuk
BTC 4H Interval 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 local downward trend line from which the price came out at the top. It is worth mentioning that the place where the downtrend line was left is also the place where the yellow Ema Cross 50 line crossed the blue Ema Cross 200 line from below, thus confirming the return to a strong upward trend. Now we can move on to marking support areas in case the correction deepens. And here, using the trend based fib extension tool, we will mark a very strong support zone from $30,996 to $29,839, but if the support does not hold the price, we still have support at $28,332. Looking the other way, we can determine resistance areas in a similar way. However, here we will mark the resistance at $36,303, which is a very strong resistance that the price must face before we move towards $40,000. Please pay attention to the CHOP index, which indicates that a lot of energy has accumulated, on the RSI indicator, despite the recovery, there is room for a further decline, but at this point you should add the STOCH indicator, which shows that the energy in the downward movement is running out, which may result in the opposite direction and the price increases again.
by cryptodailyuk
4
BNB/USDT 1H Interval ReviewHello everyone, let's take a look at the BNB to USDT chart taking into account the one hour time frame. As you can see, the price is moving above the local downtrend line. After unfolding the Fib Retracement grid, we will mark a support zone from $224 to $221, while we still have support at $218. Looking the other way, you can see that the price has moved back through the resistance zone from $230 to $234, and then we have resistance at $238. Looking at the CHOP indicator, we can see that there is still some energy left for a move, on the RSI indicator, despite the recovery, there is still room for a decline, and on the STOCH indicator, we have room for the price to go lower.
by cryptodailyuk
ETH/USDT 4H Chart 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 above the local uptrend line. When we unfold the trend based fib extension grid, we will see that the price has returned to the support zone from $1,774 to $1,745, but if the support does not maintain the price, we still have a second zone from $1,675 to $1,623. Looking the other way, we can see a fight with a strong resistance zone from $1,846 to $1,897, while we still have a second strong zone from $1,979 to $2,037. Looking at the CHOP indicator, we see that the energy has been restored, the RSI shows a visible recovery with room for further decline, but the STOCH indicator is approaching the lower limit, which may limit the declines and result in another price increase.
by cryptodailyuk
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