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LTC/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the LTC chart this time on a four-hour interval. As we can see, the price has left the uptrend line at the bottom, while locally we are moving in a triangle in which the price is approaching a direction. We can also see that the price is just below the EMA Cross 200 blue line, which confirms the downtrend, however we are struggling to get back above this level. Now let's move on to marking the price support points and we see that we first have support at $87.93, but if the price goes lower, we have another support at $83.12, then $78.45 and another support at a price of $71.37. 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 has to break the resistance at $93.19, then we have the resistance at $38.9, the third very strong resistance at the price of 103.38, and the fourth resistance at the price of $107.93. The CHOP index indicates that there is a lot of energy for the upcoming move, the MACD indicates the maintenance of the local uptrend, while the RSI, despite small price movements, has returned to the upper part of the range, which may negatively affect the price in the short term.
by cryptodailyuk
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Daily BTC 1DChart - resistance and supportHello everyone, let's look at the BTC to USDT chart in one 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 future is $ 28478, if the support is broken then the next support is $ 28007 and $ 27518. Now let's move on to the resistance line, as you can see the first resistance is $ 29176, if you manage to break it, the next resistance will be $ 29540, $ 30059 and $ 30715. Looking at the CHOP indicator, we see that there is a lot of energy for a new move, the MACD is on the verge of returning to an uptrend, while the RSI is in the middle of the range, which makes it difficult to determine the direction of the move.
by cryptodailyuk
♡4"indicators1. What are indicators? Indicators are statistical tools used by traders to analyze and interpret market data, with the goal of identifying trends, patterns, and potential opportunities for trading. These tools are based on mathematical calculations applied to various types of market data, such as price and volume, and can help traders make informed decisions based on historical trends and patterns. 2. Why use indicators? The use of indicators can provide traders with a wealth of information about the market, including the direction of the trend, the strength of the trend, and potential entry and exit points for trades. By using indicators, traders can make more informed decisions, based on objective data rather than emotions or guesses. ☆ Commonly used indicators: There are many types of indicators that traders use, including moving averages, relative strength index (RSI), stochastic oscillator, Bollinger Bands, and more. Moving averages are used to identify trends, while RSI and stochastic oscillator are used to measure the strength of a trend. Bollinger Bands are used to identify potential breakouts and to determine the volatility of the market. ☆ 3. Visual backtesting provided indicators. Visual backtesting refers to the process of testing a trading strategy using historical data. By using backtested indicators, traders can gain insight into how a particular strategy would have performed in the past, and can use this information to improve their current trading strategy. This process is particularly powerful when using provided indicators, as they are typically based on historical data and have been tested by experienced traders. ☆ Risk and psychological management: While indicators can provide traders with valuable insights into the market, it's important to remember that they are not foolproof. Traders should always practice proper risk management, such as setting stop-loss orders to limit potential losses. Additionally, it's important to manage psychological factors, such as greed and fear, which can often cloud judgment and lead to poor decision-making. ☆ Acknowledgemt Indicators are powerful tools used by traders to analyze and interpret market data, with the goal of making more informed decisions. By using visually backtested provided indicators and practicing proper risk and psychological management, traders can increase their chances of success in the market. 4. Moving Average (MA) influenced indicators. Commonly used indicators by traders to identify trends in the market are influenced with a MA calculation. By smoothing out the price action over a set period of time, MAs can help traders determine the direction of the trend, as well as potential entry and exit points. When combined with signals, plots, and alerts, MA influenced indicators can provide even more valuable information for traders. " # One of the benefits of MA influenced indicators is that they can help traders identify the beginning and end of trends. By plotting the MA on a chart and analyzing its slope and position relative to the price action, traders can determine whether the trend is bullish or bearish. Additionally, by using signals, plots, and alerts, traders can receive notifications when the MA crosses above or below the price, indicating potential changes in the trend. " RSI 4, on the other hand, is a momentum oscillator that measures the strength of a trend. By analyzing the magnitude of price movements, RSI can provide valuable information about the underlying strength of the market. When used in conjunction with MA influenced indicators, traders can gain a more complete picture of the market, including both the direction and strength of the trend. ☆ For example, when the MA is sloping upward and the price is above the MA, indicating a bullish trend, a cross above 91 on the RSI 4 may indicate an overbought market, and a potential opportunity to sell while conforming the crossbelow 91and commonly followed by a divergence. Conversely, when the MA is sloping downward and the price is below the MA, indicating a bearish trend, a cross below 9 on the RSI 4 may indicate an oversold market, and a potential opportunity to buy in conlfuences of the crossabove 9 and a divergence. ☆ In summary, MA influenced indicators, when used in conjunction with signals, plots, and alerts, can provide valuable information about the direction of the trend, as well as potential entry and exit points. When combined with momentum oscillators like RSI 4, traders can gain a more complete picture of the market, including both the direction and strength of the trend, and use this information to make more informed trading decisions. ● "Trading is a game of probabilities, where each trade is simply a bet on the likelihood of a particular outcome. While losing trades can be frustrating, they are an inevitable part of the game, and a necessary cost of doing business. In fact, losing trades can be just as valuable as winning trades, as they provide valuable feedback and can help traders refine their strategy, ultimately leading to greater success in the long run." ● J @ATU_TAD ♡4"indicators
OANDA:XAUUSDEducation
by ATU_TAD
BNB/USDT 1DInterval Resistance and SupportHello everyone, let's look at the BNB to USDT chart on a single day 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 at which the price is currently located is $ 324.8, if the support is broken then the next support is $ 318.8, $ 310.4 and $ 299.1. Now let's move on to the resistance line, as you can see the first resistance is $ 328.2, if you manage to break it, the next resistance will be $ 332.4, $ 336.3 and $ 342.6. Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, the MACD indicates an ongoing downtrend, while the RSI is moving around the middle of the range, which makes it difficult to clearly determine the direction of the price.
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 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 $ 28498, if the support is broken then the next support is $ 28025, $ 27540 and $ 26879. Now let's move on to the resistance line, as you can see the first resistance is $ 28818, if you manage to break it, the next resistance will be $ 29181, $ 29544 and $ 30062. Looking at the CHOP indicator, we see that there is a lot of energy, the MACD indicates a local uptrend, while the RSI is moving in the lower part of the range, which gives room for increases.
by cryptodailyuk
Daily ETH 1DChart - resistance and supportHello everyone, I invite you to review the ETH chart on a one-day timeframe. As we can see, the price is moving in the uptrend channel, at its upper border. Let's start by marking the support spots for the price and we see that first we have a support zone from $ 1923 to $ 1782 where the price is currently located, however if the price goes lower we have a second support zone from $ 1670 to $ 1558. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price did not break the resistance zone from $ 2040 to $ 2192. However, we still have support at $ 2313, and then third support at $ 2443. The CHOP index indicates that the energy is starting to rise, the MACD indicates the continuation of the downtrend, while the RSI has a rebound and is in the lower part of the range, creating room for future increases.
by cryptodailyuk
Daily BTC 1DChart - resistance and supportHello everyone, I invite you to review the behavior of BTC, taking into account the one-day interval. First, we can mark the local uptrend line from which the price went down, while the purple line will mark the saucer trend that was previously broken. 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 $ 27061, if the price goes lower, we have a strong support zone from $ 24550 to $ 22504, and then there is a strong support at $ 20552. Looking the other way, in a similar way, we can mark places where the price should encounter resistance on the way to increases. And here we have the first very strong resistance at $ 30734 which is the current barrier, the next resistance is at $ 32965, then the third resistance at $ 34871, and the fourth at $ 36778. When we turn on the EMA Cross 10 and 30, we can see that they indicate an uptrend. The CHOP index indicates that the energy is charged for the next move. The MACD indicator is on the verge of entering a local uptrend. On the other hand, we see a rebound on the RSI, which creates room for new increases.
by cryptodailyuk
BTC Dominance ! 1D Review Hello everyone, I invite you to review the current dominance of BTC over the rest of the market. First, we will use the blue lines to mark the sideways trend channel in which we are moving and here you can immediately see that we are in its upper limit, what is more, we are staying above the uptrend line. Now we will go to check where we have support when BTC starts to lose against the entire market. And here we have the first support at 46.59 %, then the second support at 45.1 %, the third support at 43.9 %, and then the fourth support at 42.7 %. It is worth checking the percentage of BTC dominance, because the lower the value, the more other coins gain. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First we have resistance at 49.2 % which is a very strong resistance and the upper limit of the ongoing sideways channel, when we manage to break it we have second resistance at 50.7 % then third at 52 % and then fourth resistance at 53 %. Please pay attention to the CHOP index, which indicates that most of the energy has been used, the MACD indicator indicates entering a local downtrend, while the RSI shows a small rebound, but we are still high, which may indicate a deeper correction.
CRYPTOCAP:BTC.D
by cryptodailyuk
DOT/USDT 4HInterval 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 uptrend line. Let's start with the support line and as you can see the first support in the near future is $ 5.66, which currently held the price, if the support is broken then the next support is $ 5.33 and $ 4.85. Now let's move on to the resistance line, as you can see the first resistance is $ 6.04, if you manage to break it, the next resistance will be $ 6.31, $ 6.54 and $ 6.76. Looking at the CHOP indicator, we see that most of the energy has been used, the MACD indicates an ongoing downtrend, while the RSI has a visible rebound and we are approaching the lower limit, which may change the trend.
by cryptodailyuk
BNB/USDT 4HInterval Resistance and SupportHello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is moving above the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $ 333.4, if the support is broken then the next support is $ 329.6, $ 326.6 and $ 323.3. Now let's move to the resistance line, as you can see the first resistance is $ 337.3, if you manage to break it, the next resistance will be $ 342.2 and $ 348.5. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates a local uptrend, while on the RSI we could see a large increase and after touching the upper limit, the price rebounded.
by cryptodailyuk
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the four hour time frame. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is HKEX:1855 , if the support is broken then the next support is TSE:1803 , HKEX:1761 and $1717. Now let's move on to the resistance line, as you can see the first resistance is TSE:1930 , if you break it the next resistance will be TSE:1976 , $2021 and $2081. Looking at the CHOP indicator, we see that there is a lot of energy for a new move, the MACD maintains a local downtrend, while the RSI has a sideways trend.
by cryptodailyuk
ETH 4HInterval traffic similar to BTCHello, I invite you to review the chart of ETH in pair to USDT, also on a four-hour interval. What immediately catches the eye is the huge similarity of the behavior of ETH to its predecessor, we also have a downtrend leaving the downtrend channel, and the price is currently staying below the local downtrend line 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 first have a strong support zone from $ 1853 to $ 1773, second support at $ 1760, third at $ 1717 and then fourth support at $ 1658. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here as the first we have a resistance zone that the price cannot break through from $ 1909 to $ 1944, the next strong resistance is at $ 2042, and then the third resistance at $ 2204. Similarly to the chart itself, the indicators also present themselves, and here the CHOP index indicates that the energy is gaining strength. The MACD indicator is on the verge of entering a local downtrend. On the other hand, we see a rebound on the RSI, but we are staying in the middle of the range, which may deepen the correction.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, I invite you to review the current situation of BTC in pair USDT taking into account the interval of four hours. First, we will use the blue lines to mark the uptrend channel from which the price went down, as we can see currently, despite the rapid rebound, it failed to maintain the level above the local downtrend line. Now we can move on to marking the places of support in case of returning to the correction. And here we first have support at $ 28459, then we have support at $ 27978, third support at $ 27498, and then a strong support where price rebounded multiple times at $ 26818. Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. First, we will mark a strong resistance zone from $ 29232 to $ 29744, when we manage to break it, we have another very strong resistance at $ 30518, and then the third at $ 31511, only when we manage to break it and positively test the price will paved the way for further growth. It is worth looking at the EMA Cross 10 and 30, which indicate an uptrend, it is worth watching if the red line of the EMA Cross 10 does not start turning back, which could indicate a change in the trend. Please pay attention to the CHOP index which indicates that the energy is being collected, the MACD indicator indicates that we are on the verge of returning to a downtrend, while the RSI shows that the rapid price increase caused the indicator to overheat, which ended with an equally rapid rebound, but now we are moving in the upper part, so care should be taken before the next release.
by cryptodailyuk
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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 on the edge of the uptrend line. Let's start with setting the support line and as you can see, we have the first support at $318.6 at which the price rebounded, if the support is broken then the next support is $310.2, and then the third support is $299.3. Now let's move on to the resistance line, as you can see the first resistance is $323.4, if you manage to break it, the next resistance will be $328.3, $332.5 and $336.7. Looking at the CHOP indicator, we see that most of the energy has been used, the MACD indicates the continuation of the downward trend, while the RSI shows a strong rebound and we are approaching the lower limit, which may stop the declines.
by cryptodailyuk
FTM/USDT 4HInterval Resistance and SupportHello everyone, let's look at the FTM to USDT chart on a 4-hour timeframe. 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 in the near future is $ 0.40, if the support is broken then the next support is $ 0.38, $ 0.36 and $ 0.34. Now let's move on to the resistance line, as you can see the first resistance is $ 0.45, if you manage to break it, the next resistance will be $ 0.49, $ 0.52 and $ 0.54. Looking at the CHOP indicator, we see that there is a lot of energy for a new move, the MACD indicates a return to the local uptrend, while the RSI with a small price increase has a large move, which quickly reduces the room for further increases.
by cryptodailyuk
XRP/USDT 4HInterval check the current situationI invite you to review the XRP chart in pair to USDT, also on a one-day interval. First, we will use the purple lines to mark the downtrend channel in which the price is currently moving. Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $0.45, the second support is at $0.43, the third support is at $0.41, and then the fourth support is at $0.39. Looking the other way, we see that the price has reached the first resistance at $ 0.48, which so far has no strength to break. However, if it manages to break out above, the second resistance is at $0.51, the third at $0.53, and then the fourth at $0.55. At this point, it is worth looking at the EMA Cross 10 and 30, which indicate that we are on the verge of returning to an uptrend. The CHOP index indicates that most of the energy has been used, the MACD indicates that we are moving in a local uptrend, while the RSI has a return to the upper part of the range, which may give a moment of recovery before further growth.
by cryptodailyuk
DOT/USDT 4HInterval ReviewHello everyone, let's look at the DOT to USDT chart on a 4-hour timeframe. 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 the support zone from $5.93 to $5.75, if the support is broken then the next support is $5.61, $5.46 and $5.26. Now let's move on to the resistance line, as you can see the first resistance is $6.2, if you manage to break it, the next resistance will be $6.47, $6.69 and $6.90. Looking at the CHOP indicator, we see that most of the energy has been used, the MACD indicates a local uptrend, while the RSI is approaching the upper limit, which may also slow down the current upward movement.
by cryptodailyuk
BNB/USDT 4HInterval Resistance and SupportI invite you to review the BNB chart on a four-hour interval. As we can see, the price is moving in the uptrend channel, marked with purple lines. Let's start by marking the support spots for the price and we see that we first have support at $ 336.8, but if the price goes lower, we have a support zone from $ 332 to $ 328, then support at $ 323.5 and another support at a price of $ 317.4. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price has now rebounded from the resistance at $ 346.2. We continue to have strong resistance at $ 354.8, once the price breaks it it will move towards the resistance at $ 365.4. The CHOP index indicates that the energy has been used up, the MACD indicates that the uptrend is maintained, while the RSI is moving at the upper limit of the range, which may slow down the current movement.
by cryptodailyuk
Daily ETH 4HChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, also on a four-hour interval. First, we will use the purple lines to mark the local uptrend channel. 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, we have the first support at $ 1912, then it is worth marking a strong support zone from $ 1850 to $ 1771, which has already held the price once, but when the price drops below this zone, we can see a strong drop in around $1536.. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we see that the price is in front of the first strong resistance at $1984, then we have a strong resistance zone from MYX:MBRIGHT to HKEX:2189 , only after breaking it will we move towards the resistance at TADAWUL:2280 and then to the level of $2409. The CHOP index indicates that the energy has been used. The MACD indicator confirms the current uptrend. On the other hand, on the RSI we see a strong increase that reaches the upper limit, which may affect the stop of the current movement.
by cryptodailyuk
USD/JPY Potential Forecast|HTF Analysis| Wednesday 26 April 2023Hi everyone! -So the price on USD/JPY is telling us that we are currently in a bullish trend. -USD/JPY have liquidity and imbalances below him so its the most probability that the price is going to grab them before moving up. -Keep that in mind that not every huge poi will hold some of them will hold some of them will not but always ask yourself why did that poi hold and another don't. -If the POI get respected and bounce from it look for confirmations and then enter.
by forex_with_quality