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SOL/USDT 4HInterval Resistance and SupportHello everyone, let's look at the SOL to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $19.33, if the support is broken then the next support is $18.73 and $17.97. Now let's move on to the resistance line, but here it is worth marking the resistance zone from $20.40 to $20.69 first, then we have resistance at $21.1, and $22.22. Looking at the CHOP indicator, we see that the energy is slowly regaining strength, the MACD indicates an ongoing local downtrend, while the RSI is moving at the lower limit, which in the short term may give the price an upward rebound.
by cryptodailyuk
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving below the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $1781, if the support is broken then the next support is $1739, $1706 and $1674. Now let's move to the resistance line, as you can see the first resistance is $1820, if you manage to break it, the next resistance will be $1848, $1872 and $1909. Looking at the CHOP indicator, we see that there is a lot of energy to move, the MACD is on the verge of returning to the downtrend, and the RSI is in the middle of the range, which makes it hard to point to one direction.
by cryptodailyuk
☆ The Relative Strenght Index (RSI) # on4 ! ☆The Relative Strength Index (RSI) - is a popular technical indicator used by traders to identify overbought and oversold conditions in the market. The RSI with a period of 4 is a shorter-term version that can provide more frequent signals. I use RSI 4 effectively following these steps: Understanding RSI Basics: The RSI measures the strength and speed of price movements. It oscillates between 0 and 100, with values above 89 indicating overbought conditions and values below 11 indicating oversold conditions. Identifying Overbought and Oversold Conditions: When the RSI 4 rises above 89, it suggests that the market may be overbought, indicating a potential reversal or a corrective pullback. When the RSI 4 falls below 11, it suggests that the market may be oversold, indicating a potential buying opportunity. Confirming Signals with Price Action: While RSI 4 can provide valuable insights, it is important to confirm its signals with other technical indicators or price action. Look for additional confirmation such as trendlines, support/resistance levels, or candlestick patterns to strengthen the validity of the RSI signals. Divergence Analysis: RSI 4 can also be used to identify bullish or bearish divergences. Bullish divergence occurs when price makes a lower low while RSI 4 makes a higher low, indicating potential upward momentum. Bearish divergence occurs when price makes a higher high while RSI 4 makes a lower high, suggesting potential downward pressure. Setting Stop Loss and Take Profit Levels: Determine appropriate stop-loss levels to protect your trades in case the market moves against you. Set take-profit levels based on your risk-reward ratio and the potential of the trade. Remember, RSI 4 is just one tool in your trading arsenal. It is essential to combine it with other technical indicators, chart patterns, and fundamental analysis for a comprehensive trading strategy. Regularly monitor the performance of RSI 4 in different market conditions and adjust your trading approach accordingly. Note: The use of any technical indicator, including RSI 4, does not guarantee successful trades. It is important to practice risk management, conduct thorough analysis, and make informed trading decisions based on a holistic view of the market. Always remember that no single indicator or strategy can predict market movements with 100% accuracy. Utilize RSI 4 as part of a well-rounded trading methodology, and continually refine your skills and knowledge through experience and ongoing education. HappyForexTrading ☆ J
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by ATU_TAD
DOT/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the DOT chart on a one-day interval. At the beginning, we will mark with blue lines a downward triangle in which the price is currently moving. Now we will move on to mark the price support spots and we can see that the price has dropped below the strong support at 0.618 FIB and is now facing a very strong support at $5.02, if it goes lower then the next support is at $4.24 . Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that first the price will have to break the resistance zone from $5.78 to $6.18, then the second resistance zone from $6.51 to $6.84, only after breaking above these two zones will we be further increases could be observed. The CHOP index indicates that there is energy for the next move, the MACD indicates the transition to an uptrend, while the RSI is at the lower limit, thanks to which we have room for the price to start rising.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is holding at the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $ 26829, if the support is broken then the next support is $ 26637, $ 26408, and then we can see a drop to around $ 25718. Now let's move to the resistance line, as you can see the first resistance is $ 26952, if you manage to break it, the next resistance will be $ 27133, $ 27311 and $ 27912. Looking at the CHOP indicator, we see that there is energy for the continuation of the move, the MACD remains in a downtrend, while the RSI has room for the price to go up more in the short term.
by cryptodailyuk
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving in the downtrend channel. Let's start with the support line and as you can see the first support in the near future is $1754, if the support is broken then the next support is $1695, $1650 and then we have a support zone from $1601 to $1533. Now let's move to the resistance line, as you can see the first resistance is $1924, if you manage to break it the next resistance will be $2035 and $2127. Looking at the CHOP indicator, we see that there is a lot of energy on the short interval, the MACD is on the verge of returning to the downtrend, while the RSI is moving in the middle of the range, which makes it difficult to clearly determine the direction of the price.
by cryptodailyuk
Daily ETH 1DChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, also on a one-day interval. First, we will use the yellow line to mark the uptrend line above which the price is currently holding. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark support, and as you can see, it is worth marking the strong support zone from $ 1757 to $ 1666 in the first place, but when the price drops below the zone, we can see a drop around $ 1533.. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first significant resistance zone from $1989 to $2054, then a strong resistance at $2142, only after breaking above this resistance will the price move towards $2391. The CHOP index indicates that most of the energy has been used. The MACD indicator is in a downtrend. On the other hand, on the RSI we are moving around the middle of the range, which may cause the price to break down towards the previously mentioned support zone.
by cryptodailyuk
SOL/USDT 4HChart - resistance and supportHello everyone, let's look at the SOL to USDT chart on a single day time frame. As you can see, the price is moving below the local downtrend line. Let's start with the support line and as you can see the first support in the near term is $19.84, if the support is broken then the next support is $18.16 and $16.01. Now let's move on to the resistance line, as you can see the first resistance is $21.20, if you manage to break it, the next resistance will be $22.10, $22.87 and $23.62. Looking at the CHOP indicator, we see that there is still energy to continue the move, the MACD remains in a downtrend, while the RSI, despite the rebound, still has room for the price to go lower.
by cryptodailyuk
BNB/USDT 4HInterval Resistance and SupportHello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line, however, on the EMA Cross 10 and 30 we see an attempt to return to the downtrend. Let's start with the support line and as you can see the first support in the near future is $309.7, if the support is broken then the next support is $305.6, $302.2 and $299. Now let's move on to the resistance line, but here we will first mark the $313 to $315 resistance zone, then we have the second $317 to $319 resistance zone, then strong resistance at $321.2 Looking at the CHOP indicator, we see that the collected energy is used for the initiated price correction, the MACD indicates a transition to a local downtrend, while the RSI shows a rebound, however, there is room for the price to go lower.
by cryptodailyuk
5
BNB/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the BNB chart in pair to USDT, on a one-day timeframe. First, we will check the EMA Cross 10 and 30, where we can see confirmation of the transition to an uptrend. Now, using the blue lines, we will mark the downtrend channel where the price has been moving for a long time. Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $307, the second very strong support is at $301, the third support is at $297, and then the fourth support is at $292. Looking the other way, we see that the price has reached an important resistance zone from $ 314 to $ 318, which so far has no strength to break. However, if it manages to break out of this zone upwards, the next resistance will appear at the price of $322, and then we can see a strong increase to around $335. At this point, it is also worth marking the local downtrend line from which the price went up. Please look at the CHOP index, which indicates that we have a lot of energy for further movement, the MACD confirms the local uptrend, while the RSI shows a visible increase, it is worth being careful here, because price corrections often occur at the upper end of the range.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, I invite you to review the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will use the blue lines to mark the downtrend channel, while locally, we can see that the price has broken the local downtrend line. Now we can move on to marking the places of support in the event of a correction. And here in the first place we have significant support at $ 26595, but if the support does not hold the price, then we have another support at $ 25998, then third support at $ 25526, and fourth support at $ 25045. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First, we see that the price is fighting a strong resistance at the level of $ 27512, which so far has no strength to break, the next resistance is at the price of $ 27984, when we manage to overcome it, we can see a strong increase in the price around $ 29320. Please pay attention to the CHOP index which indicates that the energy is gathering strength, the MACD indicator indicates that we are moving in a local uptrend, while the RSI shows an increase in the upper part of the range, so you should watch if we touch the upper limit, which could give a change again downward trend.
by cryptodailyuk
6
DOT/USDT 1D Interval ReviewHello everyone, let's look at the DOT to USDT chart on a one-day time frame. As you can see, the price is moving below the downtrend line. Let's start with the support line and as you can see the first support in the near future is $5, if the support is broken then the next support is $4.72, and then the third support at $4.50. Now let's move on to the resistance line, as you can see the first resistance is at $5.56, if it is broken then the next resistance will be at $5.83, the third at $6.05 and the fourth at $6.27. Looking at the CHOP indicator, we see that the energy is gathering strength, the MACD remains in a downward trend, while the RSI is moving at the lower limit, which affected the slowdown of the correction.
by cryptodailyuk
5
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on a single day time frame. As you can see, the price is moving below the uptrend line. Let's start with setting the support line and as you can see the first support which, as you can see, held the price is $ 1737, if the support is broken then the next support is $ 1658, and then $ 1436. Now let's move to the resistance line, as you can see the first resistance is $ 1918, if you manage to break it, the next resistance will be $ 2034 and $ 2123. Looking at the CHOP indicator, we see that there is still some energy left for a further move, the MACD remains in a downtrend, while the RSI shows an entry into the lower part of the range, but there is still room for the price to go lower.
by cryptodailyuk
Daily ETH 4HChart - resistance and supportHello everyone, I invite you to a review of the chart of ETH in pair to USDT, also on the single daily timeframe. First, with the blue lines, we can mark the uptrend channel in which the price is moving, while locally, with the yellow lines, we can mark the local downtrend channel. 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 have the first support at $ 1755, which has managed to hold the price so far, the second support at $ 1663, and then the third support at $ 1534, which is on the verge of exiting the bottom of the channel uptrend. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we first have a resistance zone from $ 1837 to $ 1892, then there is a second resistance zone from $ 1943 to $ 1988, and then we have a third resistance zone from $ 2058 to $ 2140. The CHOP index indicates that there is still energy left for the continuation of the movement. The MACD indicator is in a downtrend. On the other hand, we see a rebound on the RSI, but there is still room for the price to go a little lower.
by cryptodailyuk
Daily BTC 1DChart - LONGTERMHello everyone, I invite you to every Friday review of the BTC chart on a one-day interval. Let's start by marking the main uptrend line with a yellow line, and as we can see, the price remains above it despite the current correction. Next, it is worth marking the local downtrend channel in which we are currently moving. At this point, it is worth separating the upward movement into two stages and we can see that when we spread the Fib Retracement tool on the first one, we will notice that during the first upward movement, the correction reached the level of 0.618 FIB, which was a very strong support for the price. Now we can move on to the second stage of the current increases, but here we will start by marking the uptrend channel from which the price went down, in such a situation you can often observe the price going down by the height of the trend channel, and as you can see we are approaching this place. Now we will spread the Fib retracement grid from low to high to see what level the price can reach in the current correction. As in stage one, the price is approaching a strong support zone from $ 25342 to $ 23964, however, when the price falls below this zone, the next strong support is at $ 22088. Now we can move on to checking what resistance the price has to overcome in order to continue the bullish trend. However, we will not mark individual resistances, because in this situation, the price must first break through the very strong resistance zone from $ 28832 to $ 32467, only when the price breaks out and then the zone is positively tested, we will be able to see further increases in the market. As we can see further, the price, despite the correction, remains above the 200 EMA Cross, which indicates the maintenance of a long-term uptrend. Index Chop indicates that there is still energy to continue the move, MACD remains in a downtrend, while the RSI is approaching the lower limit of the range, which usually indicates an upcoming trend reversal, but please remember that in the short term the price may go lower to the previously marked zone.
by cryptodailyuk
2
BNB/USDT 4HInterval Resistance and SupportHello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local uptrend line. Let's start with the support line and as you can see the first support that is currently holding the price is $ 303.4, if the support is broken then we can see the price drop to around $ 274. At this point, it is worth marking a strong resistance zone from $ 304 to $ 297, taking into account the entire upward movement. Now let's move to the resistance line, as you can see the first resistance is $ 313, if it breaks down, the next resistance will be $ 320.6, $ 326.4 and then we have a strong resistance zone from $ 332 to $ 341. Looking at the CHOP indicator, we see that there is still some energy for the move, the MACD maintains a downward trend, while the RSI has touched the lower limit, which may give a temporary price increase, but in the longer term I expect a further correction.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, as most of the interested have already heard BTC has a very busy network, so we will check what to expect in the coming hours. As you can see, the price is moving below the downtrend line. Importantly, the price is holding around an important resistance at 0.618 FIB, while the next significant support is at $ 26858, which is seen to have held the price before, followed by a third support at $ 25984. Now let's move on to the resistance line, as you can see the first resistance is $ 27971 which is likely to be attacked by btc again, the next resistance will be $ 28377 and then we have a strong resistance zone from $ 28711 to $ 29221. Looking at the CHOP indicator, we see that there is still energy for the next move, in addition, the MACD indicates a transition to a local downtrend, and the RSI returns to the lower part of the range, which may indicate that we may see an upward rebound in the short term. However, in the long run, the price may be pulled down.
by cryptodailyuk
5
Daily BTC 1DChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a single day timeframe. As you can see, the price is moving below the downtrend line. Let's start by drawing the support line and as you can see the price has fallen below the support and currently the first significant support is $ 26831, if the support is broken then the next support is $ 25951. Now let's move to the resistance line, as you can see first we have a resistance zone from $ 28004 to $ 28449, then a second zone from $ 28806 to $ 29164 and then resistance at $ 29682. Looking at the CHOP indicator, we see that there is a lot of energy, the MACD indicates the continuation of the downward trend, while the RSI is in the process of rebounding with room for a deeper correction.
by cryptodailyuk
15
MKR/USDT 1Dinterval ReviewI invite you to review the MKR/USDT chart, for a one-day interval. As we can see, the price is constantly bouncing off the downtrend line, but it is worth noting that these bounces are getting smaller. Let's start by marking the support spots for the price and we see that the first support that the price is currently based on is $ 683 and is located at the golden fib point of 0.618, however, if the price goes lower, we have the next support at $ 604, then the third support at the last low of $ 500. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the first significant resistance is at $ 742. We continue to have strong resistance at $ 789, once the price breaks it it will move towards the resistance at $ 834 and further to the resistance at $ 897. When we turn on the volume indicators, we can immediately see that it has been very low for a long time. The CHOP index indicates that we have a lot of energy for the upcoming move, the MACD is fighting on the verge of returning to the uptrend, while the RSI is moving in the lower part of the range, but we have room for the price to go lower, which could pull the price towards the $ 604 support.
by cryptodailyuk
Daily ETH 4HChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, on a four-hour interval. With the help of yellow lines we will mark the local triangle in which the price is moving in the lower limit. Now let's move on to marking the places of support. We will use the trend based fib extension tool to mark the supports, and as you can see, we have the first support at the price of $ 1841, the second strong support at 0.618Fib, at the price of $ 1800, the third at the price of $ 1739. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here, in the first place, it is worth marking a strong resistance zone from $ 1891 to $ 1924, when the price breaks it, the next resistance is at $ 1952, then the third resistance at $ 1981, and the fourth resistance at $ 2020. When we turn on the EMA Cross 10 and 30, we can see that they indicate a strong transition into a local downtrend. The CHOP index indicates that the energy on the short time interval is highly charged. The MACD indicator remains in a local downtrend. On the other hand, on the RSI we see a rebound in the lower part of the range, this may indicate the approaching end of the rebound, but at this point we see that there is still some room for the price to go lower.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the interval of four hours. First, we will use the yellow lines to mark the local triangle in which the price is currently moving. Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking a very strong support zone from $ 28038 to $ 27560 in which the price is currently located, but when we fall below this zone, we can see a drop around $ 26882 and even $ 26022. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First, we will mark the resistance zone from $ 28659 to $ 29195, when it manages to break it, the price will have to break through the resistance at $ 29711, and then the third resistance at $ 30466 only when it breaks out above and then positively tests it, we will be able to see further increases. It is worth paying attention to the EMA Cross 10 and 30, where we see confirmation of the transition to a downtrend. You should watch the red line when it starts to curve upwards, which can give a trend reversal. Please pay attention to the CHOP index, which on the four-hour interval indicates that the energy has been used and begins to rebound, the MACD indicator indicates the maintenance of the local downtrend, while the RSI has touched the lower limit of the range, which may give a break in the correction.
by cryptodailyuk
10
DOT/USDT 1DInterval Resistance and SupportHello everyone, let's look at the DOT to USDT chart on a one-day time frame. As you can see, the price is moving below the downtrend line. Let's start with the support line and as you can see the first support in the near future is $ 5.30, if the support is broken then the next support is $ 4.83 and $ 4.24. Now let's go to the resistance line, as you can see the first resistance is $ 5.78, if you manage to break it, the next resistance will be $ 6.04, $ 6.26 and $ 6.48. Looking at the CHOP indicator, we see that there is still a lot of energy to continue the move, the MACD remains in a downtrend, while the RSI is approaching the lower end of the range, which may indicate the imminent end of the correction in the coming days.
by cryptodailyuk