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Trendbasedfib

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.
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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.
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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
1
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.
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DOT/USDT 1HInterval ChartPlease see the chart of DOT in pair with USDT. First, we will use the blue lines to mark the downward trend channel, where the price is moving in the upper range, but in this channel, the yellow lines can be used to define the local upward trend channel. Going further, we can move on to marking support areas when we start a larger correction. And here the first support is at the current price level of $5.23, then we have a support zone from $5.12 to $5.03, and then we have a strong support zone from $4.81 to $4.65. Looking the other way, we see that the price has reached the resistance zone from $5.33 to $5.40, which it does not have the strength to break yet. However, if it manages to come out on top and out of the downtrend channel, it must overcome the zone from $5.50 to $5.63. Please look at the RSI indicator, which indicates a rebound with room for the price to drop to a lower level, while if we look at the STOCH indicator, we will see that it is moving at the lower limit, which resulted in a slowdown in the correction and may result in a temporary price rebound.
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BNB/USDT Review CHartI invite you to review the chart of BNB in pair with USDT, also on a one-hour time frame. First, we can use the blue lines to mark the downward trend channel in which the price has been moving since the last correction. In order to check the current support areas, when the correction begins to deepen, we will unfold the Trend Based Fib Extension grid and we can determine the first support for the price at $225, and then it is worth defining an important support zone from $221 to $218. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here you can see the resistance zone from $230 to $231, which effectively stopped the price increase, while if we manage to break out of it, we have a second zone from $234 to $237. The CHOP indicator shows energy for the next move, the RSI indicator is recovering with room for a larger correction, while the STOCH indicator is moving at the lower border, which may result in a temporary sideways trend.
by cryptodailyuk
BTC/USDT 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 the blue lines to mark the local upward trend channel in which the BTC price is moving, but at this point we will mark the local downward trend line with the yellow line. Going further, it is worth checking the behavior of the EMA Cross 10 and 30 indicator, and as we can see, the red line emacorss 10 is starting to turn around and it is worth watching at this point whether it will cross the green ema cross 30 line from above, which would confirm the transition to a local downward trend. Now we can move on to marking support areas in case the current correction deepens. And here, first of all, we have a visible support zone from $37,816 to $37,612, but when the price breaks below, we can see a drop to the area of the second zone from $37,117 to $36,747. 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 $38,080 to $38,872, when it is overcome, the price will move towards the resistance at $38,872. Please pay attention to the CHOP index which indicates that there is still a lot of energy for movement, on the RSI indicator we are in the process of recovery, but there is still room for a larger decline, while the STOCH indicator approached the lower limit, which resulted in a slowdown in the decline, however, we can still see greater decline.
by cryptodailyuk
1
ETH/USDT Short-Term 1HHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price remains above the local downtrend line. When we unfold the Fib Retracement grid, we will see support at $2,030, and then we will see the support zone from $2,005 to $1,986. Looking the other way, there is a resistance zone from $2,059 to $2,076, and then we have a second, very strong zone from $2,101 to $2,132. Looking at the CHOP indicator, we see that there is still energy for a move, the RSI indicator shows a rebound with room for a larger decline, and the STOCH indicator shows that we are exceeding the lower limit, which may result in a slowdown in the declines.
by cryptodailyuk
2
BTC/USDT Short-Term 15MHello everyone, let's take a look at the BTC to USDT chart on a 15-minute time frame. As you can see, the price dynamically moved up from the local downward trend line. When we unfold the trend based fib extension grid, we will see that we have approached the important resistance level of $38,258, and when the price positively tests it, we can see an attempt to increase towards the resistance level of $39,213. Looking to the other side, there is a resistance zone from $37,795 to $37,548, and then we have a strong zone from $36,861 to $36,506. Looking at the CHOP indicator, we see that energy is running out in the short term, on RSI we have exceeded the upper limit, which has slowed down the growth and may result in a rebound, also the STOCH indicator is beyond the upper limit, which may have a similar effect as on RSI.
Short
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BTC/USDT Short-Term 1HInterval ChartHello everyone, I would like to invite you to review the current situation of BTC in the USDT pair, taking into account the one-hour interval. First, we will use blue lines to mark the local channel of the upward trend in which the BTC price rebounded from the upper limit, giving rise to a local downward trend. Now we can move on to marking support areas in case the current correction deepens. And here, first of all, it is worth marking the support zone from $36,763 to $36,305, but when we fall below this zone, we may see a drop to the support level of $34,977. At this point, it is worth looking at EMA Cross 10 and 30, where we can see a place of confirmation, a return to the local downtrend, where the red line EMA Cross 10 crosses the green EMA Cross 30 from above. 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 significant resistance level at $37,797, and then we need to define a strong resistance zone from $38,131 to $38,464 Please pay attention to the CHOP index, which indicates that there is still energy to make the next move, the RSI indicator shows that we have returned to the level where the price bounced several times, changing the upward trend, but in this situation it is clear that a small price movement gave a strong rebound on the STOCH index, which may negatively affect the price.
COINBASE:BTCUSD
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ETH/USDT 15M Short-TermHello everyone, let's take a look at the ETH to USDT chart on a 15 minute time frame. As you can see, the price broke below the local upward trend line. After unfolding the Fib Retracement grid, we can see the current support at $2007, and then we have a strong support zone from $1973 to $1930. Looking the other way, there is resistance at $2,050, then at $2,082, and then a strong resistance zone from $2,105 to $2,134. Looking at the CHOP indicator, we see that there is a lot of energy for the move, and there is still room for the price to fall a little lower on the RSI.
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BTC/USDT 1HInterval CHart Short-TermHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price has fallen below the local uptrend line. Let's start by determining the support line and after unfolding the Trend Based Fib Extension grid, you can see the support zone from $37,685 to $37,474, where the price is located, but further there may be a decline to around $36,866. Looking the other way, there is resistance at $37,985, then there is a resistance zone from $38,176 to $38,362, and then resistance at $38,628. Looking at the CHOP indicator, we can see that there is still some energy left for the move, the RSI indicator shows a rebound but there is room for the price to go a little lower, while the STOCH indicator is moving in the lower part, but the sharp rebound did not result in a price increase, which may result in a larger correction. .
COINBASE:BTCUSD
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ETH/USDT 4HInterval Chart Hello everyone, let's take a look at the ETH to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local downtrend line. When we unfold the trend based fib extension grid, we see that the price is held by the support at $2,040, while we still have a support zone from $2,008 to $1,985. Looking the other way, you can see that the price is declining through the resistance zone from $2,078 to $2,102, and then we can define the second zone from $2,141 to $2,168. Looking at the CHOP indicator, we see that there is still energy to make a move, on the RSI indicator we are moving in the upper part of the range, while the STOCH indicator is moving at the upper limit, which may result in a greater price recovery.
by cryptodailyuk
BTC/USDT 4HInterval Chart Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local uptrend line. When we unfold the trend based fib extension tool, we will see support at the level of $36,285, and it is worth defining the support zone from $35,716 to $35,465. Looking the other way, you can see that the price is bouncing off the resistance at $36,751 and then has a resistance zone from $37,391 to $37,873. Looking at the CHOP indicator, we see that there is energy for further movement, on the RSI indicator we have returned to the middle, which makes it difficult to determine the direction, while the STOCH indicator indicates a trend reversal, which may result in a further price increase.
by cryptodailyuk
1
ETH/USDT Short-Term 4H ChartHello everyone, let's take a look at the ETH to USDT chart on a 4-hour time frame. As you can see, the price broke below the local upward trend line. When we unfold the trend based fib extension grid, we see support at the level of $1,952, while we still have a very strong support zone from $1,921 to $1,881. Looking the other way, the price again has resistance at $2012, and then we have a resistance zone from $2051 to $2078. Looking at the CHOP indicator, we see that the energy is gaining strength, the RSI indicator, despite the recovery, still has room for a decline, and the STOCH indicator shows a downward movement with room for a larger correction.
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MATIC/USDT 4HInterval Chart Hello everyone, I invite you to review the MATIC chart also at a four-hour interval. As we can see, the price has overcome a strong downward trend line, and is currently moving in an upward trend, staying on the trend line. In this situation, we will start by checking the resistance levels and here we can notice that the price has been rejected from the resistance level of $0.97, only when it is overcome will we have an open path towards the resistance zone from $1.08 to $1.16, which should lock the price against a larger increase. Looking the other way, we can similarly determine support areas and here we can see that the price remains in the first support zone from $0.83 to $0.78, while when this zone is broken, we can see the price return to the second zone from $0.67 to $0.58. The CHOP index indicates that there is still energy for further moves, the RSI indicator remains in a downward trend with room for the price to go lower, also when we look at the STOCH indicator we can see a strong rebound with room for the price to go slightly lower.
M
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ETH/USDT 4HInterval Chart Hello everyone, I invite you to review the ETH pair to USDT chart, taking into account the four-hour interval. We will start by identifying with the blue lines the local downtrend channel where the price is approaching the upper limit again. However, when we turn on the moving averages Ema Cross 10 and 30, we can see the confirmation of the return to the local upward trend. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and as you can see, the price has again broken out above the support at $2,028, if we fall lower again we can see a return to the support zone from $1,960 to $1,911. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here we can see the fight against the resistance level at $2048, only when the price stays above it and leaves the downtrend channel will we see an attack on the resistance zone from $2087 to $2137. The CHOP index indicates that most of the energy is used, on the RSI indicator we have returned to the upper part of the range with room for growth, but on the STOCH indicator we are moving above the upper limit, which may translate into a price recovery.
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BTC Short-Term Chart 30MIntervalHello everyone, let's take a look at the BTC to USDT chart on a short time frame of 30 minutes. As you can see, the price is moving above the local uptrend line. When we break down the Trend Based Fib Extension, we see support at the level of $36,757, and then we have a strong support zone from $35,752 to $35,222. Looking the other way, you can see that the price is ahead of a strong resistance zone from $37,505 to $38,050, and further resistance may appear at $38,730. Looking at the CHOP indicator, we see that there is still some energy left, the RSI indicator returns to the middle of the range, which creates room for a move in both directions, but the STOCH indicator shows that the upper limit has been exceeded, which should slow down the current increase and give a small price correction.
COINBASE:BTCUSD
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ETH 1HInterval Chart Short-TermHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price came out at the top of the indicated triangle. When we unfold the Trend Based Fib Extension grid, we can determine the support level at $1948, and then we have a support zone from $1928 to $1913. Looking the other way, we see that the price is approaching the resistance zone from $1984 to $1995, and then must overcome the resistance at $2010 before further increases. Looking at the CHOP indicator, we see that there is energy to continue the movement, the RSI indicator, despite the increase, has room for the price to go further, while the STOCH indicator has exceeded the upper limit, which may result in a correction in the coming hours.
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BTC/USDT 1HInterval 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 moved sideways from the local downtrend line. When we unfold the Fib Retracement grid, we see a support zone from $36,361 to $35,976, then there is support at $35,432, and then at $34,742. Looking the other way, we have a visible resistance zone from $36,724 to $37,021, and then a strong zone from $37,421 to $37,958. Looking at the CHOP indicator, we see that energy is being collected again, the RSI indicator shows an upward trend, and despite there being room for further growth, when we look at the STOCH indicator, we can see that we are rapidly approaching the upper limit, which may limit further increases.
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BTC/USDT 4HInterval Chart ReviewHello everyone, I invite you to every Friday cryptocurrency review. Let's start by checking the current situation on the BTC to USDT pair, taking into account the four-hour interval. First, we will use blue lines to mark the local downward trend channel to which the price has returned. In order to check the support areas, we will use the Trend Based Fib Extension tool, and after unfolding the grid we can see that the price is based on the support zone from $36,023 to $35,492, but when the zone does not maintain the price, we can see a drop to the support level of $34,808 . Looking the other way, we can determine resistance areas in a similar way. First, the price must again overcome the resistance at $36,721, only then will we move towards the strong resistance zone from $37,470 to $38,001. Please pay attention to the CHOP index, which indicates that there is energy for further movements, on the RSI indicator there is still room for the price to go lower, while on the STOCH indicator we are approaching the lower limit, but there is still some room for further downward movements.
by cryptodailyuk