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Trendanalyse

Daily BTC 1DChart - resistance and supportHello everyone, I invite you to every Monday's cryptocurrency review. Let's start by checking the current situation on the BTC pair to USDT, taking into account the one-day interval. First, we will use the yellow line to mark the uptrend line, from which the price went down. However, locally, we can mark the triangle in which we are currently with the help of blue lines, and here we can see that we are on the border of the bottom exit. Now we can move on to marking the places of support in the event of a correction. And here we have the first support at the triangle exit at $26,592, then it is worth marking the support zone from $25,272 to $24,216, however, when we fall below this zone, we can see a drop to around $23,072. Looking the other way, this time using the trend based fib extension tool, we can determine the places of resistance. And here we see that the first resistance is at $28,880, the second resistance is at $30,253, and the third resistance is at $31,362. It is worth paying attention to the volume, which, despite the co-erect, we see that it is much smaller in recent days. Please pay attention to the CHOP index, which indicates that we have a lot of collected energy, the MACD indicator is on the verge of returning to a downward trend, while the RSI shows a rebound, but there is room for a deeper correction, so be careful.
by cryptodailyuk
1
MATIC/USDT 4HInterval Resistance and SupportHello everyone, let's look at the MATIC 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 $1.07, if the support is broken then the next support is $1.06 and $1.04. Now let's go to the resistance line, as you can see first we have a resistance zone from $1.08 to $1.10, if we manage to break it, the second zone is from $1.11 to $1.12 and then resistance at $1.13. Looking at the CHOP indicator, we see that there is a lot of energy for further movement, the MACD is on the verge of returning to a local downtrend, while the RSI is in the process of rebounding in a downtrend..
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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 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 $1768, if the support is broken then the next support is $1746, $1730 and $1713. Now let's move on to the resistance line, as you can see the first resistance is $1804, if you manage to break it, the next resistance will be $1829 and $1861. Looking at the CHOP indicator, we see that the energy is rising, the MACD indicates entering a local uptrend, while the RSI, despite the increase, we see that there is still room for continuation of the current move.
by cryptodailyuk
1
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 $27350, which currently held the price, if the support is broken then the next support is $26970, and then at the price of $26478. Now let's go to the resistance line, as you can see the first resistance is $27502, if we manage to break it, the next resistance will be $27821, the third resistance will be $28065 and the fourth resistance is at $28323. Looking at the CHOP indicator, we see that there is still some energy left for the move, the MACD confirms the ongoing downward trend, while the RSI has a further rebound, which will create room for new increases in the longer term.
by cryptodailyuk
2
BNB/USDT 4HInterval Resistance and SupportAs the third, we will check the BNB chart on a four-hour interval. As we can see, the price is moving in the local downtrend channel marked with blue lines. Let's start by marking the support spots for the price and we see that we first have support at $317.6, but if the price goes lower, we have another support at $313.7 and then at $308.5. 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 resistance is at $320.7, then we have resistance at $323.2, then we can mark a strong resistance zone from $325 to $330, and then resistance at $333. The CHOP index indicates that we have a lot of energy to move, MACD indicates the entry into a local downtrend, while the RSI shows a significant rebound, which creates room for future increases.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportAs the second chart in today's review, we'll be looking at BTC vs USDT, given a four-hour time frame. First of all, using the blue lines, we can mark the uptrend channel from which the price went down. 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 $27,710, the second support at $27,451, the third at $27,069, and then the fourth support at $26,581. 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 resistance at $27974, the next resistance at $28295, then the third resistance at $28544 and the fourth at $28793. The CHOP index indicates that there is plenty of energy for the next move. The MACD indicator indicates a local downtrend. On the other hand, we see a rebound on the RSI, which positively makes room for new increases.
COINBASE:BTCUSD
by cryptodailyuk
DOT/USDT 4HInterval Resistance and SupportHello everyone, let's look at the DOT to USDT chart on a 4-hour time frame. As you can see, the price is moving in the local downtrend channel. Let's start with the support line and as you can see the first support in the near future is $5.96, if the support is broken then the next support is $5.76. Now let's move on to the resistance line, as you can see the first resistance is $6.10, if you manage to break it, the next resistance will be $6.22, $6.31 and $6.41. 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 entering a downtrend, while the RSI shows a definite rebound, which creates room for new price increases.
by cryptodailyuk
SOL/USDT 1DInterval Resistance and SupportHello everyone, I invite you to the chart of SOL in pair to USDT, nm on a one-day time frame. First, we will use the blue lines to mark the downtrend channel where the price is moving at the upper border. Moving on, we can move on to marking support areas when we start a larger correction. And here, in the first place, we have a support zone from $ 22.54 to $ 19.88 in which the price is currently located, then we have support at the price of $ 17.68, and then at the price of $ 15.14. Looking the other way, we see that the price has rebounded from the important resistance zone from $ 23.44 to $ 27.05, which so far has no strength to break. However, if we manage to break out of this zone above, we have another resistance at the price of $ 32.24. As we can see, EMA Cross 10 and 30 indicate the beginning of an uptrend, but be careful if it will not be a false break. Please look at the CHOP index, which indicates that we have the energy for the upcoming move, the MACD indicates that we are in an uptrend, while the RSI is moving around the middle of the range, which gives room for increases after a small correction.
by cryptodailyuk
Daily ETH 1DChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, on a one-day timeframe. We will start by marking with the yellow lines the uptrend channel in which the price is currently moving, at its upper border.. 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 $1662, the second support at $1547, the third support at $11456, and then we have support at $1365. 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 very strong resistance at the price of $ 1827, from which the price is currently rebounding, but when we manage to overcome it and positively test it, we can see an attack on the resistance at the price of $ 2029. At this point, it is worth looking at the EMA Cross 50 and 200, which indicate that after a very long downtrend, it turned into an uptrend. The CHOP index indicates that the energy has been used. The MACD indicator indicates an uptrend. On the other hand, the RSI is moving around the upper limit. There is some room for growth, but it is worth bearing in mind the upcoming price recovery.
by cryptodailyuk
BTC/USDT 1DChart - Fundamental analysisNow let's move on to checking the current situation on the BTC to USDT pair, taking into account the longer perspective on the one-day timeframe. First, we will use the blue lines to mark the sideways trend channel from which the price has gone up. It is also worth marking with a yellow line the downtrend line that has been overcome. Now we can move on to marking the places of support in the event of a correction. And here we see that the first support is at $25745, below we have a return to the channel where it is worth marking the support zone from $23718 to $22191, however, when we fall below this zone, we can see a drop to around $20601. Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. And here we immediately see that the price is against a very important resistance at 0.786 Fib at $28832, while the next equally strong resistance is at $32474. At this point, it is worth looking at the EMA Cross 10 and 20, which nicely indicated the place of return to the uptrend, and what's more, when we turn on the EMA Cross 50 and 200, we see that they also indicate a return to the uptrend after a prolonged downtrend. Please pay attention to the CHOP index which indicates that the energy has been exhausted which can give a local sideways trend, the MACD indicator indicates an uptrend, while the RSI is at the upper limit of the range, the price may go higher but it is worth keeping in mind the upcoming rebound as after each increase.
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 has definitely broken the local downtrend line. Let's start with setting the support line and as you can see the first support in the near future is $1806 at which the price currently stopped, if the support is broken then the next support is $1788, $1774 and $1759. Now let's move to the resistance line, as you can see the first resistance is $1834, if you manage to break it, the next resistance will be $1852, $1866 and $1880. Looking at the CHOP indicator, we see that we have a lot of energy to move further, the MACD is close to entering the local uptrend, while the RSI is moving at the upper part of the range, which may slow down the growth.
by cryptodailyuk
1
Daily BTC 1HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 1-hour time frame. As you can see, the price is moving in the triangle marked with yellow lines. Let's start with the support line and as you can see the first support in the near future is $27857, if the support is broken then the next support is $27710, $27503 and $27233. Now let's move on to the resistance line, as you can see first we have a resistance zone from $28025 to $28225, if we manage to break it the next resistance will be $28379, $28540 and $28770. Looking at the CHOP indicator, we can see that we still have the energy to move, the MACD indicates a transition to a local downtrend, while the RSI is moving around the middle of the range, which makes it difficult to clearly choose the direction.
by cryptodailyuk
Daily ETH 1DChart - 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 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 $1755, if the support is broken then we still have a support zone from $1699 to $1655, while further support is at $1609 and $1548. Looking the other way, we see that the price has hit a very important resistance at $1821 at 1.618Fib, when it breaks it and positively tests it will move towards the $2100 resistance. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates a local uptrend, while the RSI is approaching the upper limit, which may give the price a rebound.
by cryptodailyuk
BTC 26800 to Pullback to 22600 after Recent Bullish Momentum?Bitcoin has experienced a sudden bullish reaction, breaking through the 26k level, which is a positive sign for buyers who gain more confidence in the current market. However, although the price managed to surpass the important resistance at 26,400, it failed to close above this level. The day closed at a range of 24,680, indicating that buyers are likely to experience a short-term sideways movement at this resistance range. During this period, the bulls may still reach the 26,800 price range, but this could also result in a pullback to 22,600, which will be a decision point for the current bullish momentum. If the momentum continues, Bitcoin could reach the 28k to 32k resistance area. The current week started on a bullish note, and the closing of the current weekly candle will determine if this is a sustainable trend or a trap. There is a possible technical analysis (TA) of 28k next if the 26,800 resistance is conquered. Shorting the current price reaction to 26,400 may fail, as the current hanging man on that resistance is not enough assurance that the price will get rejected immediately. However, if the buyers fail on the second rejection, this could lead to a deeper pullback with a TA of 22,600 and 20,800.
by MachiavelliTrader
2
XRP/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the chart of XRP in pair to USDT, on a one-day timeframe. First, we will use the yellow line to mark the downtrend line that the price is trying to overcome. Moving on, we can move on to marking support areas when we start a larger correction. And here, in the first place, we can mark the support zone from $ 0.37 to $ 0.35, when the zone does not hold the price, we have the next support at the level of $ 0.33 and further at the price of $ 0.30. Looking the other way, we see a strong resistance zone from $0.40 to $0.43, but before that we need to break the downtrend lines. The next resistance is at $0.46, followed by resistance at $0.50. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the MACD is on the verge of entering an uptrend, while the RSI is moving in the lower part of the range, which gives room for increases.
by cryptodailyuk
BNB/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the BNB chart on a one-day interval. At the beginning, it is worth marking with blue lines the sideways trend channel in which the price is fighting to go up, while locally we can see that the downtrend channel has been defeated, despite the numerous fears that have appeared in recent days near the Binance exchange and its BNB coin. Let's start by marking the support spots for the price and we see that we first have support at $310, but if the price goes lower, we have another support at $293, then at $279, and another support at $266, at 0.618 FIB. 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 is currently testing resistance at $331, equal to 0.618 Fib. We continue to have strong resistance at $360, once the price breaks it, it will move towards resistance at $399. When we look at the volume, we can see a definite predominance of green candles. The CHOP index indicates that the energy has been used up, the MACD indicates that the uptrend is maintained, while the RSI has approached the upper limit of the range, which, combined with the exhausted energy on the CHOP, may give the price a rebound.
by cryptodailyuk
DOT/USDT 4HInterval Resistance and SupportHello everyone, let's look at the DOT to USDT chart on a 4-hour timeframe. As you can see, the price has decisively broken the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $6.36, if the support is broken then the next support is $6.25, $6.16 and $6.06. Now let's move to the resistance line, as you can see the first resistance is $6.59, if you manage to break it, the next resistance will be $6.71, $6.80 and $6.90. Looking at the CHOP indicator, we see that the energy is being consumed, the MACD indicates a local uptrend, while the RSI indicator has touched the upper limit and we immediately see a price correction.
by cryptodailyuk
1
ADA/USDT 4HInterval Resistance and SupportI invite you to review the chart of ADA in pair to USDT, on a four-hour interval. First, we will use the blue lines to mark the downtrend channel from which the price has gone up. Moving on, we can move on to highlighting the support spots, we currently see a price correction where the ADA is based on the first support at $0.32, the second support at $0.30, the third support at $0.29, and the fourth support at $0.27. Looking the other way, we see first resistance at $0.33, then we can mark a strong resistance zone from $3.34 to $0.36, and then resistance at $0.37. Please look at the CHOP index, which indicates that the collected energy is used for correction, but we still have a continuation of the move, MACD indicates a return to the downtrend, while the RSI has a strong rebound, which creates room for new increases.
by cryptodailyuk
Daily BTC 1HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price has broken the local downtrend line. Let's start with determining the support line using the Trend Based Fib Extension tool and as you can see, first we have a support zone that defended the price from $ 24597 to $ 24237, if the support is broken then the next support is $ 23955, and then we have support at $ 23655. Now let's move on to the resistance that price has on its way and here too we can mark the resistance zone from $24921 to $25107 if you manage to break it the next resistance will be $25335 then at $26025 and the next significant level is at price $27,123. Looking at the CHOP indicator, we see that the energy is gaining a lot of strength, the MACD is close to returning to the local uptrend, while the RSI is moving sideways in the middle of the range, which makes it difficult to clearly determine the direction.
by cryptodailyuk
SOL/USDT 1DInterval 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 has left the upper downtrend channel. Let's start with the support line and as you can see the first support in the near future is $20.71, if the support is broken then the next support is $19.82, $19.08 and $18.37. Now let's go to the resistance line, as you can see the first resistance is $21.61, if you manage to break it, the next resistance will be $22.87 and $24.72. Looking at the CHOP indicator, we see that the energy is slowly rising, the MACD indicates the entry into an uptrend, while the RSI shows that there is room for continued growth.
by cryptodailyuk
SOL/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the SOL chart on a four-hour interval. As we can see, the price has broken the downtrend channel marked with blue lines, while locally the yellow line will mark the uptrend lines. Let's start by marking the support spots for the price and we see that the first support to consider is at $18.86, then we have the second support at $17.24 and the third support at $15.94. 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 is currently testing strong resistance at $20.55. We continue to have strong resistance at $21.83, once the price breaks it it will move towards the resistance at $23.38. The CHOP index indicates that the energy has been used for the current increases, the MACD indicates the continuation of the uptrend, while the RSI is moving in the upper part of the range, which may indicate a temporary correction.
by cryptodailyuk