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BTC Short-Term Review 1HHello everyone, let's take a look at the BTC to USDT chart taking into account the one hour interval. As you can see, the price is moving above the local uptrend line. After unfolding the FIb Retracement grid, we see that the price remains just above the support zone from $28,735 to $28,607, and then we have the second zone from $28,403 to $28,256. Looking the other way, we see a strong resistance zone from $28,885 to $29,106, only when we go above it can we see an increase to the resistance level of $29,743. Looking at the CHOP indicator, we see that the energy has been used, while the RSI indicator and the STOCH indicator show a movement at the upper limit of the range, which resulted in a slowdown in growth and may result in a price recovery.
by cryptodailyuk
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BTC Short-Term Review Chart 1HHello everyone, let's take a look at the BTC to USDT chart taking into account the one hour interval. As you can see, the price dynamically moved up from the local downward trend line. After unfolding the Trend Based Fib Extension grid, we see that the price has returned to the support zone from $28,498 to $28,063, but if this zone does not maintain the price, we may see a drop to the support level of $26,801. Looking the other way, we see that the first resistance is at $28,898, then the second at $29,423, and then we can mark a significant resistance zone from $29,846 to $30,269. Looking at the CHOP indicator, we see that the energy is starting to grow, the RSI shows a return to the lower part, which makes room for a new increase, while the STOCH indicator shows a reflection from the lower boundary, which could potentially result in an upward movement in the coming hours.
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ETH/USDT 1H Chart ReviewHello 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 above the local downtrend line. After unfolding the Trend Based Fib Extension grid, we see that the price has retreated to the support zone from $1,582 to $1,547, and then there is a second zone from $1,518 to $1,489. Looking the other way, first we have a resistance zone from $1,596 to $1,620, and then the price will again try to break the zone from $1,677 to $1,720. Looking at the CHOP indicator, we see that the energy is running out, the RSI indicator shows a strong rebound, which creates room for a new increase, similarly on the STOCH indicator, we have exceeded the lower limit and we can see a new upward movement.
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ETH-USDT 4HInterval Review Chart DayHello everyone, I invite you to review the chart of ETH in pair with USDT, also on a four-hour interval. First of all, we can use the blue lines to mark the downward trend channel from which the price goes up again, but at this point it is worth defining the main sideways trend channel, where we can see that the price has bounced off the lower border for the second time, which resulted in increases. As we can see, the attempt to break the blue ema cross 200 line was unsuccessful and we remained in a downward trend. Now, using the Trend Based Fib Extension tool, we will check what the current supports look like if the price had a greater recovery, and here we can see that after a dynamic increase we returned to the support zone from $1,585 to $1,551, we still have support just below the lower border of the channel at $1,524, and then it is worth marking the second zone from $1,497 to $1,459. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here again we have an active resistance zone, the price of which failed to hold from $1,604 to $1,631, then there is a second zone from $1,657 to $1,694, and then strong resistance at the upper border of the sideways trend channel at $1,741. The CHOP index indicates that most of the energy has been used up, the RSI indicator is moving in the upper part of the range and there is still some room for an upward movement, while the STOCH indicator shows the moment of exceeding the upper limit, which exhausted the energy and resulted in a strong rebound.
by cryptodailyuk
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BTC/USDT Review Chart 4HIntervalHello 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 the yellow line to mark the downward trend lines from which the price has broken upwards, and currently we can use the blue lines to mark the upward trend channel in which the price is currently moving. Now we can move on to marking support places in case the traffic jam starts to deepen. And here you can see that after a dynamic upward movement, the price returned to the support zone from $28,056 to $27,457, but if we break below this zone, there is a second zone from $26,858 to $25,997, and then we have support at $24,921. At this point, it is worth looking at the EMA Cross 200 and here we can see that the price has broken the 200 moving average and we have returned to the strong upward trend, it is important to maintain it now. Looking the other way, we can determine resistance locations in a similar way using the Fib Retracement tool. First of all, you can see that the first resistance is again the place of $28,364, then we have a resistance zone from $29,178 to $30,346, which has rejected the price for now, but if it manages to break out of it, the price will move towards the strong resistance at $31,807. Please pay attention to the CHOP index, which indicates that energy is very much consumed, the RSI indicator shows that we are moving just above the upper limit of the range, but the minimal rebound gave room for a very dynamic increase, while the STOCH indicator exceeded the upper limit, which slowed down further increases. and we have a reaction.
by cryptodailyuk
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BNB/USDT 4HInterval ReviewHello everyone, let's take a look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price tried to break above the local upward trend line, but quickly returned below it. After unfolding the trend based fib extension grid, we can see that we have a support zone from $207 to $204, then support at $201 and then at $199. Looking the other way, you can see that we are in the resistance zone from $209 to $211, and then we have a second zone from $213 to $217. Looking at the CHOP indicator, we see that most of the energy is exhausted, on the RSI indicator we are approaching the upper limit, which may reverse the price movement, and on the STOCH indicator we are also approaching the upper limit, which resulted in a deceleration of growth.
by cryptodailyuk
BNB/USDT 4HInterval Review CHartI invite you to check the BNB chart on a four-hour time frame. We will start by marking the upward trend channel with blue lines, from which the price broke out at the bottom, and the price decline itself was close to the height of the previously defined channel. Moreover, it is clearly visible that the lower end of the decline after leaving the channel is also the location of the current support zone. At this point, it is also worth defining the downward trend triangle we are in with the yellow lines. Next, using the Trend Based Fib Extension tool, we can determine an important support zone in case the price breaks out of the current triangle. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that currently the price must pass through the resistance zone from $217 to $221, then overcome the resistance at $233 to continue towards the resistance at $252. The CHOP index indicates that there is energy to make another move, on the RSI indicator, despite a slight change on the chart, we have an upward movement but there is room for the price to go up, while taking into account the STOCH indicator, it is clear that we are approaching the upper limit, which may result in another recovery and only then a larger upward move.
by cryptodailyuk
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BNB/USDT 1H ReviewHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price remains below the local downtrend line. After unfolding the Trend Based Fib Extension grid, we see that the price remains at the support of $205.6, then we have support at $203.3, and then the support zone from $201 to $197. Looking the other way, you can see the first resistance at $207.8, then the second resistance at $209.7, and then the resistance zone from $211 to $214. Looking at the CHOP indicator, we see that the energy is gaining strength, while the STOCH indicator shows a rebound with room for further decline.
by cryptodailyuk
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ETC/USDT 12.10.2023 Review ChartHello everyone, I invite you to review the ETC chart in pair with USDT, on a one-day time frame. First, we will use yellow lines to mark the triangle in which the price is approaching the exit and the direction of movement. Going further, we can move on to marking support areas when we start a larger correction. And here you can see a strong support zone in which the price is currently close to the lower border of the zone ranging from $19.64 to $12.60, but when we break out of it, using the trend based fib extension grid we can determine a second smaller zone from 9 $.61 to $7.48. Looking the other way, we see that the price has a significant resistance zone from $25.18 to $29.09, only when it overcomes it will it move towards the resistance level of $33 and then $38.62. Please look at the CHOP index, which indicates that there is still energy in this movement, the STOCH indicator shows exhausted energy, which is also confirmed by the chart, while the RSI indicator shows a strong rebound, but with room for the price to go slightly lower.
by cryptodailyuk
ETH/USDT 1DInterval ReviewHello everyone, I invite you to review the ETH pair to USDT chart, also on a one-day time frame. First, we can use the blue lines to mark the upward trend channel in which the price is currently moving in the lower range. We also see that the ETH price made a negative attempt to break out of the blue EMA Cross 200 line, remaining in a downward trend. Now let's move on to marking the support places. We will use the Trend Based Fib Retracement tool to mark supports, and as you can see, the price remains at the lower limit of the current support zone from $1,664 to $1,551, but if we fall below this zone, the price may exit the channel below and return to the vicinity of the strong support zone from $1,389 to $1,184. Looking to the second one, we see that the price has rebounded from the resistance level at $1,734 for the second time, only when it is overcome will we move towards the next resistance levels at $1,891 and then $2,017, then the price will move towards the very strong resistance zone of $2,143 to $2,321. Index CHOP indicates that energy has been used. The MACD indicator is on the verge of entering a local downtrend. However, we see a rebound on the RSI, but we remain in an upward trend.
by cryptodailyuk
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ETH/USDT 4HInterval ReviewHello 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 below the local downtrend line. After unfolding the Trend Based Fib Extension grid, we see that the price has returned and remains at the support level of $1,579, but we may still see a decline to the support level of $1,473. Looking the other way, we have a significant resistance zone from $1,662 to $1,694, and then resistance at $1,734 before further increases. Looking at the CHOP indicator, we can see that the energy has been used, while the STOCH and RSI indicators also indicate that the energy has been exhausted, which stopped a further decline in this movement.
by cryptodailyuk
BTC/USDT 4HInterval ReviewHello 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 above the local uptrend line. When we spread the Trend Based Fib Extension grid, we can determine the support zone from $27,652 to $27,401, then we have support at $27,089, and then we can see the price drop to the support level of $26,171. Looking the other way, you can see the resistance zone from $28,141 to $28,439, while further on you can mark the second zone from $28,751 to $29,184. Looking at the CHOP index, we see that the energy is exhausted at this moment, on the STOCH index we are high, which may result in a price drop, and on the RSI index, we are at the upper limit, which may result in a price recovery.
by cryptodailyuk
ETC/USDT 4HInterval ReviewHello everyone, let's take a look at the ETC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the Trend Based Fib Extension grid, we see that the first support is at $15.44, and then we have a support zone from $15.19 to $14.98. Looking the other way, we will check the resistances in the same way and the first resistance is at $15.65, then the second resistance at $15.96, the third at $16.20, and then there is a resistance zone from $16.44 to $16, $79. Looking at the CHOP indicator, we see that there is a lot of energy to be used, while the STOCH indicator approached the upper limit, which resulted in a change in the price direction with room for further decline.
by cryptodailyuk
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ETH/USDT Short-Term Review ChartI invite you to review the chart of ETH in pair with USDT, also on the one-hour time frame. Let's start, as in the case of BTC, by marking the local upward trend line from which the price came out lower. 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 remains in a strong support zone from $1,635 to $1,603, but when we fall below this zone, we may see the price drop to the support level of $1,563. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here, on the upward path, there is a strong resistance zone from $1,661 to $1,679, then we have resistance at $1,696, and then the second zone from $1,720 to $1,751. The CHOP index indicates that we have more and more accumulated energy, on the STOCH indicator we are in the process of recovery, which is also confirmed by the RSI indicator, where we could see a quick withdrawal from the upper part of the range.
by cryptodailyuk
BTC/USDT 1H Interval Short-TermHello everyone, I invite you to review the current situation on BTC in the USDT pair, taking into account the one-hour interval. First of all, we will use the yellow line to mark the local upward trend line from which the price broke down. As we can see, despite several attempts to return above this line, the price was rejected. 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 zone which stopped the current correction from $27,248 to $27,012, but when we fall below this zone, we may see a drop to around $26,710, and then a quick decline even to the support level at $25,846. 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 zone from $27,776 to $28,152, when it is overcome, we have resistance at $28,458, and then a strong resistance zone from $28,762 to $29,195. Please pay attention to the CHOP index, which indicates that the energy is gaining more and more strength, the STOCH indicator shows a quick use of energy and then a sudden increase, but looking at the RSI index, we have not exceeded the lower limit, which may still affect the next correction attempt.
by cryptodailyuk
BTC/USDT 4HInterval ReviewHello 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 above the local uptrend line. When we spread the trend based fib extension grid, we can determine the support zone from $27,411 to $27,084, but when this zone is broken, we still have strong support at $26,141. Looking the other way, you can see that the price was rejected by the resistance at $28,156, then we have a second resistance at $28,467, and then a strong resistance zone from $28,783 to $29,218. Looking at the CHOP indicator, we can see that the collected energy is used to increase the price, but the STOCH indicator shows that we have approached the upper limit, which resulted in a recovery, while the RSI indicator has returned to the middle of the range, but there is still a lot of room for recovery.
COINBASE:BTCUSD
by cryptodailyuk
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BTC/USDT 4HInterval Review ChartHello everyone, I invite you to review the current situation of BTC in the USDT pair, taking into account the four-hour interval. First, we will use the yellow line to mark the downward trend lines from which the price has moved into the upward trend channel marked with blue lines. When we look at the EMA Cross 200, we see that the price remains above the blue 200 moving average line, which indicates that the uptrend is continuing. 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 zone in which the price currently ranges from $27,711 to $27,180, but when we fall below this zone, we may see a drop to the area of the second zone from $16,309 to $25,682. Looking the other way, we can determine resistance locations in a similar way using the Fib Retracement tool. As you can see, the price after crossing the resistance at $28,190 and touching the upper border of the channel was quickly reversed, but when we manage to break above this resistance, we can see an attempt to increase towards the strong resistance zone from $29,087 to $30,219. Please pay attention to the CHOP index, which indicates that after the previous strong exhaustion, we are trying to rebuild energy, on the STOCH indicator we are clearly moving towards the lower limit, which confirms the sideways trend and energy collection, while on the RSI indicator, despite the recovery, we returned to the middle of the range, which indicates that there is still room for the price to be brought down.
by cryptodailyuk
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ETH/USDT Short-Term 1HInterval ReviewHello everyone, let's take a look at the ETH to USDT chart on a 1 hour time frame. As you can see, the price is starting to break out of the local upward trend line. After expanding the Fib Retracement tool, we see that the price is just below the strong support at $1,639, then we have a second support at $1,606, and then we can see a decline to the support level of $1,562. Looking the other way, we see that first there is a resistance zone from $1,656 to $1,677, then we have resistance at $1,693, and then a second resistance zone from $1,710 to $1,733. Looking at the CHOP indicator, we see that energy is slowly being collected, the STOCH indicator again shows a strong use of energy for a price drop, while on the RSI, each rebound ends with a stronger downward reaction.
by cryptodailyuk
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BTC Short-Term Review 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 struggling to stay on the local upward trend line. After unfolding the Trend Based Fib Extension tool, we see that the price is based on the support zone from $27,407 to $27,089, but when we fall below this zone, we can see the price quickly return to the support zone at $26,169. Looking the other way, we see that the first resistance is at $27,888, then the second resistance at $28,167, the third resistance at $28,580, and then we have a strong resistance zone from $28,879 to $29,309. Looking at the CHOP indicator, we see that a lot of energy has been accumulated for the move, the STOCH indicator indicates that most of the energy is exhausted, which has slowed down the decline, but the RSI indicator still shows room for the price to go lower.
by cryptodailyuk
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LTC/USDT 4HInterval ReviewHello everyone, I invite you to review the LTC/USDT chart on a four-hour interval. As we can see, the price remains above the local upward trend line marked in yellow. At this point, it is also worth marking the first and currently second attempt to exit the moving average above 200, which indicates a return to the upward trend, but now the price must remain above the blue line. When we unfold the FIb Retracement grid, we see the first support at the level of $66.24, then we can mark a strong support zone from $64.60 to $63.28, then support at the levels of $61.97, and then another support at the level of 60, $08. Looking the other way, we immediately see that the price has been rejected from the strong resistance at $67.95, and when it overcomes it, it must face another strong resistance at $70.74 before further increases. When we look at the CHOP index, we can see that the recovery affects the gathering of energy, the STOCH indicator shows that despite the decline, the recovery creates room for stronger upward price movements, while the RSI indicator has not reached the upper limit, which may indicate that the price will try to increase again when BTC will stay around $28,000.
by cryptodailyuk
BTC growth, what's next?Hello everyone, I invite you to review the current situation of BTC in the USDT pair, taking into account the one-day time frame. First, we will use the yellow line to mark the downward trend line and, as we can see, the price has moved upwards from this line, and we can also see that in the same place the price has broken the blue EMA Cross 200 line, which indicates a return to the upward trend. Now we can move on to marking support areas in the event of a correction. And here, after unfolding the Fib Retracement grid, we first have support at the level of $27,483, and then we need to mark a very strong support zone from $26,284 to $24,777. Looking the other way, we can determine resistance areas in a similar way. First of all, we will mark the resistance that the price is currently struggling with at the level of $28,360. As you can see, at the moment the price has returned to this level, only when it is positively tested will it move towards the resistance zone from $29,175 to $30,337. and then we have strong resistance at $31,819. Please pay attention to the CHOP index, which indicates that most of the energy has been used, the STOCH index also exceeded the upper limit, which resulted in the inhibition of the upward movement, but the RSI index shows an increase, but with room for the price to go further, which is worth taking into account .
by cryptodailyuk
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DOT/USDT 4H interval Review ChartHello everyone, let's take a look at the DOT to USDT chart on a 4-hour time frame. As you can see, the price has broken out of the downward trend line and is currently fighting with EMA Cross 200 to return to the strong upward trend. After unfolding the Trend Based Fib Extension grid, we have a visible support zone from $4.13 to $4.07, and then there is a strong zone from $4.03 to $3.98. Looking the other way, you can see that the price is fighting a strong resistance at $4.19, and when it overcomes it, it must pass a second resistance at $4.26 before further increases. Looking at the CHOP indicator, we see that most of the energy has been used, while the STOCH indicator and the RSI indicator indicate that the upper limit has been exceeded, which may slow down the current growth and provide a moment of relief.
by cryptodailyuk
2
SOL/USDT 4H Interval ReviewHello everyone, I invite you to review the SOL chart in the USDT pair. First, we will use the yellow line to mark the downward trend lines from which the price has gone up, while currently, we can use the blue lines to mark the sideways trend channel where the price is at the upper limit. As you can see, the price is again above EMA Cross 200, and here we should watch whether it will be possible to stay above this line in the upward trend. When we unfold the Trend based fib extension grid, we can see a visible support zone from $19.45 to $18.76, but when the price exits the zone at the bottom and therefore exits the current channel at the bottom, we can see a drop to the vicinity of the second support zone to $17.65 to $16.85. Looking the other way, we see that the price has reached the resistance zone from $20.33 to $20.71, which has reduced the price for now. However, if it manages to break through this zone, the price must face the second zone from $21.26 to $21.95. Please look at the CHOP index, which indicates that the energy in this upward movement has been used up, on the STOCH indicator we are moving above the upper limit, which should result in a price recovery, while on the RSI we are in the upper part, which may also indicate an inevitable correction.
by cryptodailyuk
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