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Trendbasedfib

ETH/USDT 4HInterval ChartHello everyone, I invite you to review the ETH pair to USDT chart, also on a four-hour time frame. First, we can use the blue lines to mark the downward trend channel in which the price moves at the upper limit. Now let's move on to marking the support places. We will use the Fib Retracement tools to mark the supports, and as you can see, the first support is at $2,185, the second support is at $2,134, and then there is a support zone from $2,098 to $2,052. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here we have visible resistance at the level of $2272, at the upper border of the channel, then we can mark the zone from $2335 to $2367, and then resistance at the level of $2460. On the RSI indicator we are moving around the middle of the range, but when we look at the STOCH indicator, we will see that once again approaching the upper limit resulted in a price recovery.
by cryptodailyuk
Will BTC overcome the strong resistance zone?Hello everyone, I invite you to review the current situation on BTC in the USDT pair, taking into account the four-hour interval. First, we will use blue lines to mark the local channel of the downward trend, from which the price was higher and the increase itself was close to the height of the specific channel. Here we will also mark the local upward trend line in yellow, along which the price is rising. Now, using the trend based fib extension grid, we can move on to marking support areas if the price changes direction. And here, first, we have visible support at the level of $42,810, then the second one at the level of $42,102, and then there is a visible strong support zone from $41,624 to $40,975 Looking the other way, we can similarly identify a strong resistance zone to which the price is approaching from $44,104 to $44,738. Only when we manage to come out on top and positively test the zone, we can see a move towards the next resistance at $46,563. Please pay attention to the CHOP index, which indicates that we have less and less energy, the RSI indicator is approaching the upper limit, but there is still room for an upward movement, while the STOCH indicator again exceeds the upper limit, so we should be careful as it may result in a reduction upward movement.
by cryptodailyuk
LINK/USDT 4HInterval ChartHello everyone, I invite you to review the LINK chart on a four-hour interval. In this case, we have a visible movement in the upward trend channel, where locally the price remains below a strong downward trend line. Now let's move on to marking support points for the price and we can see that first of all we have a strong support zone from $14.38 to $13.58, which is located just at the lower border of the current channel, but if the price drops lower and breaks out of the channel , we can see a strong decline close to the height of the channel towards the support level of $11.26 Looking the other way, we can see that the price has currently bounced off the resistance level at $15.32, when we manage to break it higher, the price will move towards the strong zone and the upper border of the channel from the level of $17.14 to the level of 18.09 $. Please look at the RSI indicator because you can see movements around the middle of the range, while the STOCH indicator, despite the increase, does not show a significant price increase on the chart, which may translate into further declines and an attempt to leave the channel at the bottom.
by cryptodailyuk
BTC/USDT 1HInterval Chart ReviewHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we will use blue lines to mark the downward trend channel where the price remains. However, inside the channel, the yellow line will indicate the local upward trend line from which the price broke down, moving in the local downward trend channel. Let us notice that in the channel we have three reflections from the upper boundary and two from the lower one, which may potentially translate into a further downward movement and a breakout from the channel at the bottom. Now we can move on to marking support areas in the event of a correction. And here, first of all, it is worth marking support at the golden FIB point, at $40,734, and then we will define the support zone from $39,974 to $39,015. Looking the other way, we can determine resistance locations in a similar way using the trend based fib extension tool. First, we will mark the resistance level at $41,816, from which the price has currently bounced, then we have visible resistance at the price of $42,553, and then the resistance zone which is decreasing more and more from $43,125 to $43,826. Please pay attention to the RSI indicator because you can see a rebound and return to the middle of the range to the place where it previously caused a new decline, while if we look lower at the STOCH indicator, we will see a dynamic movement of energy, which again created room for the price to be pulled down.
by cryptodailyuk
ETH Short-Term 1H ChartHello everyone, let's take a look at the ETH to USDT chart, on a one-hour time frame. As you can see, the price is moving below the local downtrend line. Let's start by determining the support line and, as you can see, the first support is at the level of $2,092, and then it is worth defining a strong support zone from $2,005 to $1,959. Looking the other way, there is resistance at $2,187, and then there is a resistance zone from $2,262 to $2,301. On the RSI indicator we can see that we still have not touched the lower limit, and when we look at the STOCH indicator we will see a strong rebound which creates room for another price drop.
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LINK/USDT 4HInterval ChartI invite you to review the LINK chart in pair with USDT. First, we will use blue lines to mark the upward trend channel in which the price is approaching its lower boundary. In this situation, we will unfold the trend based fib extension and check the support areas. And here we can see that the price is above the strong support zone from $14.42 to $13.60, but if it goes lower, we can see a break from the channel and return to the support area at $11.31. Looking the other way, we see that first the price must overcome the important resistance zone from $16.57 to $17.31, which would also result in an exit from the channel and after breaking the resistance at $18.26, a path towards $21. Please look at the CHOP index, which indicates that we have more and more energy, on the RSI indicator we are moving around the middle of the range, but the STOCH indicator shows a clear recovery, which may result in a greater price drop.
by cryptodailyuk
BNB/USDT 4HInterval ChartI invite you to review the chart of BNB in pair with USDT, also on a four-hour time frame. First, we will use the yellow line to determine the local downward trend under which the price is moving. In order to determine the current supports for the BNB price, we will unfold the trend based fib extension grid, and we can see that the price is approaching a strong support zone from $247 to $239, however, if we break down from this zone, we can see the price return to the support area at $229. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here, first, there is strong resistance at the price of $255, then there is resistance at the level of $262 at the golden Fib point, and then the price has to face a strong resistance zone from $267 to $273. Please look at the STOCH indicator, where we have a strong rebound and there is room for us to go a little lower, but moving near the lower border we can observe an attempt at a rebound and small increases. And when we look at Ema cross 10 and 30, we can see that they do not yet indicate confirmation of a return to the downward trend.
by cryptodailyuk
Will BTC overcome the resistance?Hello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the four-hour interval. First, we will use the yellow line to determine the local downward trend, to which the price quickly returned. Now we can move on to marking support areas in the event of a correction. And here, first of all, it is worth marking the support at the price level of $41,795, then we have visible support at the price of $40,711, and then we will define a strong support zone from $39,957 to $38,938. Looking the other way, we can determine resistance locations in a similar way using the trend based fib extension tool. First, we will mark a strong resistance zone from $43,199 to $44,472, when it is overcome and positively tested, the path towards the resistance at $46,500 will open. At this point, it is worth looking at EMA Cross 10 and 30, which indicate that the price tried to return to the upward trend, but everything indicates that this attempt was unsuccessful. And again the red line is approaching the intersection of the green ema cross 30 line. Please pay attention to the CHOP index, which indicates that the sideways price movement has regained energy, the RSI indicator shows room for further declines, while the STOCH indicator, in line with recent predictions, has recovered and there is still room to pull the price lower.
by cryptodailyuk
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BTC 4H Chart Hello everyone, let's take a look at the BTC to USDT chart on a four-hour time frame. As you can see, the price has returned and remains on the local downtrend line. When we unfold the Trend-Based Fib Extension grid, we can determine the support zone from $41,250 to $40,716, then support at $39,954, and further support at $38,988. Looking the other way, there is a strong resistance zone from $43,182 to $43,737, followed by strong resistance around $44,441. On the RSI indicator, we remain in the middle of the range, but on the STOCH indicator, we are moving at the upper limit, which may result in a price recovery.
by cryptodailyuk
LTC/USDT 4hInterval ChartI invite you to review the LTC chart on a four-hour interval. As we can see, the price, with a dynamic movement, broke the local upward trend line at the bottom. When we unfold the trend based fib extension grid, we can see that the price has retreated to a strong support zone from $70 to $67, however, if this zone is broken, we may see further declines towards the support level of $60. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the first resistance should appear at $75.65, and then we will move towards the resistance zone from $79 to $81, and then to the resistance at $84.58. The CHOP index indicates that there is energy to make a larger move, the RSI indicator shows consolidation and a small rebound, while the STOCH index, despite a strong move, did not give a large price increase, which may limit larger increases.
by cryptodailyuk
BTC Check 1HInterval ChartHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we will use white lines to mark the local channel of the upward trend from which the BTC price broke down, while it is worth defining the local downward trend with the yellow line. Now we can move on to marking support areas in case the correction deepens. For this purpose, we will unfold the Trend based fib extension grid, and we can see support at the level of $40,510, while it is worth defining the support zone from $38,697 to $37,732. Looking the other way, we can determine resistance areas in a similar way. First, we will mark the resistance zone at which the price stopped from $42,018 to $42,423, when it is overcome, we again have active resistance at the level of $43,591, and then there is resistance above the upper border of the previously mentioned channel at the level of $45,488. At this point, it is worth looking at the moving averages 50 and 200, which show the place where the yellow ema cross 50 line crossed the blue ema cross 200 line, confirming the return to the downward trend. Please pay attention to the CHOP index, which indicates that most of the energy has been used in the upward movement, on the RSI indicator we have returned to the upper limit, with room for growth, while the STOCH indicator is moving at the upper limit, which may limit the growth and provide a rebound in the coming time .
by cryptodailyuk
SOL/USDT 4H Interval ChartI invite you to review the SOL chart on a four-hour interval. We will start by identifying the upward trend channel in which the price holds using the blue lines. Let's start by marking support points for the price and we can see that first we have a support zone from $67 to $64, but if the price drops lower, the next support is at $61, at the lower limit of the previously indicated upward trend channel, but we can continue see a quick downward move towards the support at $50. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the resistance level is again the level of $74, and then the price must again face the resistance zone from $77 to $80, which previously rejected the price, then there is resistance at the level of $85. At this point, when we turn on EMA Cross 10 and 30, we can see that the red ema cross 10 line is approaching the intersection of the green ema cross 30 line from above, which may confirm the return to the local downtrend. The CHOP index shows that there is still energy for a move, the RSI indicator is in the process of rebounding with room for further declines, a similar situation is on the STOCH indicator, which also shows that the rebound resulted in a small price movement and created room for another decline.
by cryptodailyuk
ETH/USDT 4H Chart ReviewI invite you to review the chart of ETH in pair with USDT, going on a four-hour time frame. First of all, we can use the blue lines to mark the downward trend channel from which the price went up and the increase itself was close to the height of the specified channel. However, locally it is worth defining the upward trend lines on which the price was also based in this correction. Now let's move on to marking the support places. We will use the Trend based fib extension tool to mark supports, and as you can see, the first support is at the price of $2162, which has currently kept the price from falling further. However, once the support is broken, we may see the price return to the strong zone from $2,017 to $1,912. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here there is a strong resistance zone from $2,373 to $2,501, which has stopped the price from rising further, but when we come out on top, another resistance should appear at the golden Fibonat point at $2,708. On the CHOP windex we can see that the energy has been used in the price decline, on the RSI indicator we have returned to the lower part of the range and to the support point where we could previously observe price rebounds, while on the STOCH indicator there is still room for the price to fall slightly lower.
by cryptodailyuk
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BTC before a major correction?Hello everyone, I invite you to update the situation on BTC in the USDT pair, taking into account the one-day interval. We will start today's review by defining the trend line and here we can use the white line to determine the main upward trend, then we will mark the second upward trend line in the same way and locally the third one on which the price is currently based during the recovery. Now we can unfold the Fib Retracement grid and identify a very important resistance zone from $41,283 to $48,336, where the price is struggling to stay in the local uptrend and before the start of the long-awaited larger correction. However, if the current decline turns out to be the beginning of the long-awaited strong correction, in this situation we see that the local support that has held the price at the moment is the level of $39,982, while further we can go down to the level of $37,077 and then to the vicinity of the second line of the upward trend to the support zone from level $32,399 to $29,032. Additionally, the currently expected correction should be close to the level of approximately thirty percent. WHAT coincides with our support zone. When we look at the CHOP indicator, we can see that the energy has been used for the decline and we are currently experiencing a slight rebound, the RSI shows a rebound, but we are still high, just like the STOCH indicator, there is still room for the price to go lower.
by cryptodailyuk
BTC/USDT Short-Term 1H ChartHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line. Let's start by marking the support line and as you can see, the price remains above the support zone from $43,938 to $43,683, and then we have a very strong zone from $43,068 to $42,605. Looking the other way, you can see the resistance zone from $44,194 to $44,472, and then a path will open towards the second zone from $45,242 to $45,651. Looking at the CHOP indicator, we see that it is gathering more and more energy, on the RSI indicator we have returned to the middle of the range, while the STOCH indicator has rebounded from the lower limit and resulted in an increase in price, but the energy is quickly used for recovery.
COINBASE:BTCUSD
by cryptodailyuk
BTC ahead of a possible upward move?Hello everyone, I invite you to review the current situation of BTC in the USDT pair on a one-hour time frame, and here we will start by defining the downward trend channel in which we are moving using the blue lines. In this channel, we can mark two reflections from the upper border and three price reflections from the lower border, which may potentially indicate an attempt to leave the channel at the top and a potential upward movement oscillating by the height of the mentioned channel. Going further, using the Trend Based Fib Extension tool, we will check current support locations for the price as the correction deepens. And here we can determine the first support at the level of $43,674, while a strong support zone is still visible at the lower border of the channel from $43,216 to $43,019. Looking the other way, we will similarly determine the resistances that the BTC price must face, and here there is a strong resistance at the level of $44138, just above the upper border of the channel, however, if the price tries to exit the channel upwards, we can see a move to the strong resistance zone from 44653 $ to $44,921, and then the road towards $45,716 will open. Please look at the CHOP indicator, which confirms that there is still energy for a move, on the RSI indicator we are moving around the middle of the range, while the STOCH indicator is at the upper limit, which may translate into a slightly greater recovery.
by cryptodailyuk
SOL/USDT 1D ChartI invite you to review the SOL chart in the USDT pair, on a one-day time frame. Let's start by identifying the main downward trend line from which the price came out on top. Now, using the Fib Retracement tool, expanding the grid from the last price peak, we will determine resistance points and here we can see that the price has returned to the first significant resistance at $68, what's more, when we unfold the trend based fib extension grid, we will see that this level coincides with the level 2.618Fib which is also a very strong local resistance. Only after a positive test of the resistance will the path towards the $104 level open. Looking the other way, it is also worth defining supports that should hold the price when the correction begins. And here we can see the support zone from $54 to $45, then we can mark the second zone from $38 to $31, and then we can see the price return to the area of very strong support at the price of $21. Please look at the CHOP index, which indicates that there is a lot of energy for the move, the RSI indicator shows that very small price movements have returned the index to around the middle, which creates room for new increases, while the STOCH indicator is high, which may result in a small recovery.
by cryptodailyuk
BTC before the resistance zoneHello everyone, as we can see, the BTC price remains below the local downtrend line. When we unfold the Trend Based Fib Extension grid, we will be able to determine support areas for the price and here we can see support at the level of $42,815, while further we can see a decline to the zone from $43,502 to $43,237. Looking the other way, there is a strong resistance zone ahead of the price from $44,086 to $44,280, but there is still plenty of room for a move to $44,836.
by cryptodailyuk
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BTC/USDT Short-TermHello everyone, let's take a look at the BTC to USDT chart on a 15 minute time frame. As you can see, the price moved higher from the local downtrend line. When we unfold the Trend Based Fib Extension tool, we see support at the level of $41,683, while there is also a support zone from $41,250 to $41,022. Looking the other way, we have visible resistance at $42,153, but when the price overcomes it, we can see an increase to the resistance zone from $42,548 to $42,755. The RSI indicator has returned to the upper part of the range, which limits room for growth, while the STOCH indicator shows a rebound with room for the price to maintain its decline.
by cryptodailyuk
BNB/USDT 4H Interval ChartHello everyone, let's take a look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is struggling to return above the local uptrend line. When we unfold the trend based fib extension grid, we can see that the decline was maintained through the support zone from $227 to $225, and further we can see a decline to the support area at $220. Looking the other way, you can see that the price has been rejected by the resistance at $229.81, and then there is a resistance zone from $232 to $234. Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, on the RSI we are moving in a sideways trend, while the STOCH indicator indicates that the price may go up a little more.
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ETC/USDT analysis update from 11/13/2023Hello everyone, I invite you to check out the updates on previously performed ETC/USDT analyses. Let's start by marking the formation we can see, currently we have one channel created, when a second smaller one is created, it may be the beginning of a pro-growth formation. Next, the white line will mark the local trend line over which we are moving, and the yellow line will mark the downward trend from which the price moved dynamically into a local uptrend. Going further, we can move on to marking support areas when we start a correction. And here we will mark the support zone from $19.55 to $18.12, but if the price breaks out of it, we may see a return to the second zone from $15.78 to $14.11. Looking the other way, we see that the price is fighting in a strong resistance zone from $20.20 to $22, and then we have visible resistance at $24.31. Please look at the CHOP index, which indicates that we have energy for the upcoming move, the RSI indicator shows an upward movement after recovery, which again gives a lot of room for a decline, while the STOCH indicator shows that the upper limit has been exceeded, which causes the growth to slow down and may translate into for the price recovery. As we can check, the analysis performed earlier works very well, we can see the downward movement as announced and we are currently moving in the previously indicated support zone, let's continue to observe whether the principle of the mentioned formation will work.
by cryptodailyuk
ETC in a pro-growth formation?Hello everyone, I invite you to review the ETC chart in pair with USDT, also on a four-hour interval. Let's start by marking the formation we can see, currently we have one channel created, when a second smaller one is created, it may be the beginning of a pro-growth formation. Next, the white line will mark the local trend line over which we are moving, and the yellow line will mark a downward trend from which the price moved dynamically into a local upward trend. Going further, we can move on to marking support areas when we start a correction. And here we will mark the support zone from $19.55 to $18.12, but if the price breaks out of it, we may see a return to the area of the second zone from $15.78 to $14.11. Looking the other way, we see that the price is fighting in a strong resistance zone from $20.20 to $22, and then we have visible resistance at $24.31. Please look at the CHOP index, which indicates that we have energy for the upcoming move, the RSI indicator shows an upward movement after recovery, which again gives a lot of room for a decline, while the STOCH indicator shows that the upper limit has been exceeded, which causes the growth to slow down and may translate into for the price recovery.
by cryptodailyuk
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BTC 1DInterval ChartHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-day interval. First, we will use blue lines to mark the local upward trend channel in which the BTC price moves at the upper limit of the channel. Then, using the yellow lines, it is worth defining the local channel, the exit from which can result in an increase of around $41,000. Let's start by checking where the price should have support and here the significant level is 0.382FIb at the price of $36,030, and then there is a strong resistance zone from the level of $33,084 to the level of $31,521, if the price dropped to around this zone it would be a healthy recovery in line with with cyclicity. In this situation, we will move on to checking the current place of resistance and here, after unfolding the Trend based fib extension grid, we have a visible strong resistance at the level of $44,411, but here we will unfold the grid again, thanks to which we can see that the place of previously determined resistance is in the strong resistance zone from $41,668 to $45,427, which the price may reach before the desired correction begins. However, it must first exit the current channel and overcome the resistance at $40,312. Please pay attention to the CHOP index, which indicates that we have a lot of energy to make the next move, the RSI indicator shows that we have returned to the middle of the range, which makes it difficult to indicate the price direction, while the STOCH indicator shows that we are moving at the upper limit of the range, which may potentially result in a price recovery.
by cryptodailyuk