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Trendanalyse

Will BTC break through the first resistance zone?Hello everyone, let's take a look at the BTC to USDT chart on a 1 hour time frame. As you can see, the price has moved above the downward trend line. Let's start by determining support and as you can see, the first support in the near future is $68,540, in case of breaking the support, the next support is $67,089, and then it is worth defining the support zone from $64,856 to $64,576. Looking the other way, we can see how the price is fighting against the strong resistance zone from $69,660 to $71,064, and when it breaks above it, we can see another attack towards the ATH to the zone from $73,638 to $74,323. Looking at the RSI indicator, we can see how it goes beyond the upper limit in the one-hour interval, which may result in a deceleration of growth, also when we look at the STOCH indicator, we will see an exit from the upper limit, which may also cause a change in direction.
by cryptodailyuk
ETH/USDT 1HInterval Chart ReviewHello everyone, let's look at the 1H ETH to USDT chart, as we can see the price is approaching an attempt to break out of the triangle marked in yellow. Let's start by setting goals for the near future that we can include: T1 = $3,452 T2 = $3,576 T3 = $3,665 AND T4 = $3777 Now let's move on to the stop loss in case of further market declines: SL1 = $3,307 SL2 = $3227 SL3 = $3097 AND SL3 = $3097 Looking at the RSI indicator, we can see that it remains in an upward trend, while when we look at the STOCH indicator, it looks like a return to price correction is possible.
by cryptodailyuk
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BTC/USDT 1HInterval ChartHello everyone, let's take a look at the 1H BTC to USDT chart as we can see that the price is staying on the local uptrend line, also at the first support. Let's start by setting goals for the near future that we can include: T1 = $67,834 T2 = $69,089 T3 = $70,367 AND T4 = $72,328 Now let's move on to the stop-loss in case of further market declines: SL1 = $65,094 SL2 = $63,101 SL3 = $61,813 AND SL4 = $60,039 Looking at the RSI indicator, there is still room for a continuation of the rebound, while the STOCH indicator is rebounding from the lower limit, but one should be careful whether this rebound will not be followed by another decline, looking at the predominance of the falling volume.
by cryptodailyuk
BNB/USDT 4HInterval Chart ReviewHello everyone, I invite you to review the chart of BNB in pair with USDT, on a four-hour time frame. As we can see, the price is moving in a downward trend channel, while a sideways trend channel is visible locally, which previously ended with another price drop. As we can see, the upper part of the sideways trend channel is the beginning of the resistance zone from $539 to $553, only after breaking above this zone will the way for further increases towards the resistance at $589 and then further towards $614 open up. Looking the other way, we see strong support at the $500 level, which is located at the lower border of the sideways trend channel, inside the descending channel. And the next strong support is the $462 level.
by cryptodailyuk
BTC/USDT 1HInterval ChartHello everyone, let's look at the 1H BTC to USDT chart, because we can see how the price has left the local downtrend channel, and it is important that it maintains the current level to continue to grow. Let's start by setting goals for the near future that we can take into account, first the important resistance zone from $68,550 to $69,629, and then the target around $72,843 should be taken into account. Now let's move on to the stop-loss in case of further market declines: SL1 = $66,326 SL2 = $63,841 - $62,525 AND SL3 = $58,717 Looking at the RSI indicator, we can see a return to the upper part of the range with room for potential growth, but on the STOCH indicator we are moving above the upper limit, which may affect the attempt to recover.
by cryptodailyuk
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ETH/USDT 1HInterval ChartHello everyone, let's look at the 1Hinterval, ETH to USDT chart as we can see that the price has started to move in the local downtrend channel. Let's start by determining the support for the near future that we can take into account and here you can see how the price remains at the support zone from $3,647 to $3,539, then the level of $3,392 is visible, and then strong support at the level of $3,197. Now let's move on to the goals that the price must face in the event of renewed increases and here resistance levels are visible: TP1 - $3767 TP2 - $3,891 TP3 - $4091 Looking at the RSI indicators and the STOCH indicator, it can be seen that increases in the indicator result in small upward movements, while recoveries result in larger price drops, which should still result in a price correction.
by cryptodailyuk
Reversal Rising Wedge pattern in Banknifty indexBANKNIFTY INDEX Key highlights: 💡⚡ 📈 On 1 Hour Time Frame Banknifty Index Showing Reversal of Rising Wedge Pattern. 📈 It can give movement upto the Reversal Final target of Above 48400+. 📈 There have chances of breakout of Resistance level too. 📈 After breakout of Resistance level this Banknifty index can gives strong upside rally upto Above 50670+. 📈 Can Go Long in this Banknifty index by placing a stop loss Below 45720-.
NSE:BANKNIFTY
by TradZoo
Will BTC maintain the level around $70,000Hello everyone, let's take a look at the BTC to USDT chart taking into account the long term. We will start by defining the main upward trend of the current bull market with the white line, while using the yellow line it is worth defining the second upward trend. Let's now move on to determining support, for this purpose we will use the Fib Retracement and Trend Based Fib Extension tools. Thanks to these two tools, we can determine two very strong support zones, the first one from $53,819 to $51,094, and the second one from $41,029 to $37,662. These are the zones to which the price may retreat in the event of a possible correction. As you can see, the first zone is located at the 2nd upward trend line, while the second zone is close to the main upward trend. Looking the other way, we can similarly determine resistance areas and here, after exceeding the ATH from the previous bull market around $70,000, it is important whether the price will maintain this level or whether we will see a stronger recovery, which, as we know, appeared in previous bull markets. In the event of further increases, the first price wall will appear around $81,000, while we still have a very strong psychological level around $100,000. When we look at the RSI and STOCH indicators, we will see a strong break above the upper limit, which may lead to a price recovery. However, as we know, the current bull market is unique, considering how much the entry of the ETF on BTC has changed the appearance of the bull market compared to previous years.
by cryptodailyuk
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