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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
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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
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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
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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
BNB/USDT 1DInterval Resistance and SupportAs the second chart in the review, we looked at BNB against USDT, as well as on a single-day timeframe. First, using the yellow line marked with the local straight line of the downtrend from which the price comes up, and then with the help of the blue line marked with the straight line of the downtrend at which the price returns. Now let's move on to the designations of support places. And as you can see, we have the first support at $303, the second support at $296, the third support at $290, and the next support at $284. Looking the other way, we can also determine the places where the price should be on the upward path. And here we have the first very strong resistance at the price of $310, which the price concerns, however, quickly returned, the next resistance is at the price of $322, and then the third resistance at the price of $338. As you can see the CHOP index actually, that the energy quickly gathers strength. MACD indicator indicating entering an uptrend. While on the RSI, a visible strong increase may cause a temporary stagnation or correction.
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 quickly rebounded and returned above the downtrend line. Let's start with the support line and as you can see the first support in the near future is $1616, if the support is broken then the next support is $1569, $1531 and $1493. Now let's move on to the resistance line, as you can see the first resistance is $1662, if you manage to break it, the next resistance will be $1743 and only when we break it can the price move on. Looking at the CHOP indicator, we see that the energy has been used for the current large increase, the MACD indicates an uptrend, while the RSI has reached the upper limit, which may slow down the price increase for a while.
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 has bounced off the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $20903, if the support is broken then the next support is $20651 and $20433, then we have a support zone from $20230 to $19941. Now let's move to the resistance line, as you can see the first resistance is $21478, if you manage to break it the next resistance will be $21998 and $22671. Looking at the CHOP indicator, we see that the energy is being used for the current increase, the MACD indicates entering a local uptrend, while the RSI shows a strong increase.
by cryptodailyuk
DOT/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the DOT chart in pair to USDT, on a four-hour interval. First, we will use the blue lines to mark the downtrend channel in which the price is moving. Moving on, we can move on to marking support areas when we start a larger correction. As we can see, the price fell below the strong support at 0.618 FIB, and turned back moments before the second very strong support at $5, however when the price drops below the next support is at $4.23. Looking the other way, we see that the first resistance is at $5.81, when the price breaks it, the second resistance is at $6.20, the third is at $6.52 and the fourth is at $6.85. Please look at the CHOP index, which indicates that the energy is slowly starting to rise, the MACD indicates a downtrend, however, there is a change in the direction of the blue line, which can give a trend change. On the other hand, on the RSI we touched the lower limit of the range, which gave a visible price rebound.
by cryptodailyuk
BNB/USDT 4HInterval Resistance and SupportHello everyone, welcome to a review of the BNB chart on a four-hour time frame. First of all, with the help of blue lines, we will mark the downtrend channel in which the price is currently moving. Now let's move on to marking the support spots for the price and we see that we first have very strong support at the so-called golden point of the Fib Retracement at $265, but if the price goes lower, we have another support at $245. 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 $282, the second resistance is at $293, and then there is a strong resistance zone from $302 to $310. The CHOP index indicates that the energy has been used, the MACD indicates the continuation of the downward trend, while the RSI has fallen below the lower limit of the range, which has now resulted in a temporary change in the trend.
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. First of all, with the help of blue and yellow, we can mark the main uptrend line from which the price rebounded. Locally, we will mark the local downtrend line with the blue line. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the support, and as you can see, we have the first very strong support at the price of $ 1331, while when this level does not hold the price, we can see a drop to around $ 1218. 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 $1459, the next resistance at $1513, the third resistance at $1556, and then we have a strong resistance zone from $1601 to $1664. Please look at the CHOP index indicates that the energy has been used. The MACD indicator is in a downtrend. On the other hand, we see a strong rebound on the RSI, we are currently touching the lower limit, which, similarly to BTC, may indicate the end of the correction.
by cryptodailyuk
Daily BTC 1DChart - resistance and supportHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the blue lines to mark the local uptrend channel that the price has left the bottom. However, after marking the uptrend line, we see that the price has rebounded from it in the current correction. Now we can move on to marking the places of support in the event of a correction. And here we have the first very strong support at the so-called Fib golden point at $19,221, however, when we fall below this support, we can see a drop to around $17,577. Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. First resistance at $20895, second resistance at $21747, third resistance at $22401, then a very strong resistance zone from $23086 to $24029. When we turn on the EMA Cross 10 and 30, we see where the moving averages intersect and the downtrend begins. Please pay attention to the CHOP index which indicates that the energy has been used, the MACD indicator confirms the ongoing uptrend, while the RSI shows that the indicator has fallen below the lower limit, which may potentially be the end of the correction.
by cryptodailyuk
SOL/USDT 1DInterval Resistance and SupportHello everyone, let's look at the SOL 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 setting the support line and as you can see the first support at which the price is currently located is $17.57, if the support is broken then the next very strong support is $15.26 and then $12.05. Now let's move to the resistance line, as you can see the first resistance is $18.57, if it breaks down, the next resistance will be $20.21, the third resistance will be $21.51, then we have a strong resistance zone from $22.85 to $24.68. Looking at the CHOP indicator, we can see that the energy has been used for the current correction, the MACD confirms the downtrend, while the RSI has touched the bottom, which may indicate a change in the trend.
by cryptodailyuk