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Trendbasedfib

SOL/USDT 4H IntervalHello everyone, I invite you to review the SOL chart on a four-hour interval. As we can see, the price came out of the uptrend line along which we were moving. Let's start by marking the support spots for the price and we see that we first have support at $20.22 which kept the price down, but if the price goes lower then we have another support at $16.86, then support at $12.73 $. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we will mark the resistance zone from $24.65 to $26.10, then we have a second zone from $27.59 to $29.63, and then we have strong resistance at $32.27. The CHOP index indicates that the energy has been used up and is slowly starting to bounce back, on the RSI we are moving at the lower end of the range, which may limit further price decline, and on the STOCH indicator we have a visible rebound that confirms the price rebound after the decline.
by cryptodailyuk
BTC drops, what next?Hello 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 mark the main uptrend line with the yellow line, then we will mark the uptrend line with the blue line from which the price went down. Now we can move on to marking the places of support in the event of a correction. And here we will start by checking the support using the trend based fib extension tool, we will mark a strong support zone from $25537 to $23992, if this zone does not hold the price we can see a rapid drop to around $21621. It is also worth spreading the Fibonacci grid in order to check the entire movement and here we can see that the price drop touched the so-called golden fibonacci point from which it quickly rebounded. We can further increase the level of the next support from $22,232 to $21,621. Looking the other way, we will determine the places of resistance in a similar way. Here you can immediately see that the price rebound stopped at the $26974 resistance, and then we have a very strong resistance zone from $28663 to $31430, only when the price breaks it will it be able to move towards the $35849 resistance. Despite the strong drop in price when we turn on the EMA Cross 50 and 200, we can see that the yellow line of the ema cross 50 stays above the blue line of the ema cross 200, which indicates an uptrend, it is worth watching these lines at this point because when the yellow crosses the blue line from above, it means that it is a return to a very strong downward trend. Please pay attention to the CHOP index which indicates that the energy in the current movement has been used, on the RSI indicator we have also crossed the lower limit of the range which also indicates no energy depletion, and the STOCH trak indicator itself has exceeded the lower limit which confirms the depletion of energy and the possibility of ending the current correction prices.
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by cryptodailyuk
BTC/USDT 1H Interval Review ChartHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the interval of one hour. First, we will use the blue lines to mark the local downtrend channel. When we turn on the EMA Cross 50 and 200, we see that the yellow line of the ema cross 50 has crossed the blue lines of the ema cross 200 from above, which indicates the place of return to the strong downtrend where we are. In order to mark the support we will use the trend based fib extension tool and here we see that the price stays just below the support line at $29167, then we have support at $28865, when the support is broken we can see the price drop to the support area of $28022. Looking the other way, we can determine the places of resistance in a similar way. First, we will mark the resistance zone from $29427 to $29660, when we manage to break it, we have the second zone from $298848 to $30032, and then we can mark the third strong resistance zone from $30296 to $30635. Please pay attention to the CHOP index which indicates that we have a lot of energy to move, on the RSI we are in constant rebound with a place for the price to go lower, while the STOCH indicator indicates that the increase in energy gives very small upward moves, which may affect the price correction.
by cryptodailyuk
ETH 4H Review ChartHello everyone, I invite you to review the chart of ETH in pair to USDT, also on a four-hour interval. First, we will use the yellow lines to mark the local triangle in which the price is moving. Now let's move on to marking the places of support. We will use the trenf based fib extension tool to mark the supports, and as you can see, we first have a support zone from $1847 to $1838, then we have a second zone from $1828 to $1815, and then a strong support at $1798. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here you can see that the price has no strength to go through the resistance zone from $1851 to $1863, then we have resistance at $1872, another at $1881 and a very strong resistance at $1894. The CHOP index indicates that there is still energy for movement. On the RSI, we stay around the middle of the range, while the STOCH indicator has the energy for the price to make a downward move.
by cryptodailyuk
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BTC/USDT 1H Interval ReviewHello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price stays on the local uptrend line. After unfolding the trend based fib extension grid, we see that the first support is at $29395, the second at $29338, the third at $29290, the fourth at $29244, and then there is the support zone from $29177 to $29092. Looking the other way, the first resistance is at $29,471, the second at $29,533, the third at $29,582, the fourth at $29,631. Looking at the CHOP indicator, we see that the energy has been used, the RSI is moving in the upper part, which can result in a price drop, and looking at the STOCH indicator, we have a lot of energy, which can affect the price correction.
by cryptodailyuk
ETH/USDT 1HInterval ReviewHello everyone, let's look at the ETH to USDT chart on a one hour timeframe. As you can see, the price has broken below the local uptrend line. After unfolding the trend based fib extension grid, we see that the price stays in the support zone from $ 1847 to $ 1845, then we can see a drop to the support at $ 1841.46. Now let's move on to resistance and we see that the first resistance is at $1848.83, then we have a resistance zone from $1850 to $1852, then resistance at $1853.44, then resistance at $1855.46. Looking at the CHOP indicator, we can see that there is a lot of energy to move, the RSI is moving in the middle of the range with room for further price decline, while the energy on the STOCH indicator is used and there is some left which may give a bigger price correction.
by cryptodailyuk
XRP/USDT ReviewHello everyone, I invite you to review the XRP chart on an hourly interval. As we can see, the price went down and entered the local downtrend channel. What's more, we see that there was an attempt to return to the uptrend, above the Cross 200 EMA, but it failed. Let's start by marking the support spots for the price and we see that first we have a support zone from $0.6311 to $0.6249, but if the price goes lower then we have a second zone from $0.6150 to $0.6078, then we can mark strong support at $0.5990. 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 has rebounded. Next we can mark resistance at $0.6594, next resistance is at $0.6678 and then towards the resistance at $0.6798. The CHOP index indicates that there is still energy for movement, the RSI is near the middle of the range, which may give a greater price rebound, and the energy on the STOCH indicator has run out.
by cryptodailyuk
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BNB/USDT 1H ReviewHello everyone, let's look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving below the local downtrend line. In order to mark the supports, we will use the trend based fib extension tool and we can see that we first have a support zone from $242.15 to $241.83, then support at $241.38, and then at $240.81. Now let's move on to the resistances and here we will mark the first resistance zone from $242.66 to $242.90, then resistance at $243.23, next at $243.67, then strong resistance at $244.91. Looking at the CHOP indicator, we see that there is a lot of energy to move, the RSI is moving in the lower part of the range, while the STOCH indicator indicates that the energy is exhausted in the current rebound.
by cryptodailyuk
SOL/USDT 1H Review ChartHello everyone, I invite you to review the SOL chart in pair to USDT. First, we will use the yellow line to mark the local downtrend line, from which the price tried to go up. Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $24.17, the second support is at $23.65, the third support is at $23.24, and then we have a strong support zone from $22.81 to $22.20. Looking the other way, we see that the price has rebounded from the important resistance zone from $ 24.99 to $ 25.40, which so far has no strength to break. However, if we manage to go up, we will see an attempt to attack the second zone from $ 26.07 to $ 26.55. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, we have a rebound on the RSI but there is still a lot of room for the price to go lower, while the STOCH index is approaching the lower limit, which affects the current stagnation of the price.
by cryptodailyuk
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BTC/USDT 1H Interval Review ChartHello everyone, I invite you to every Wednesday cryptocurrency review. Let's start by checking the current situation on the BTC to USDT pair, taking into account the time interval of one hour. First of all, we will use the yellow line to mark the local downtrend line from which the price went down. We will use the Trend Based Fib Extension tool to mark the current support locations, and now we see that the price has dropped to the $29,561 support and is holding just below it, then we can mark the support zone from $29,397 to $29,165, and then strong support at $28870. Looking the other way, we can determine the places of resistance in a similar way. First, we will mark the resistance zone from $29813 to $30039, when it manages to break it, the price has to break through the resistance at $30229 that it failed to do before, and then the resistance at $30411. Please pay attention to the CHOP index which indicates that most of the energy has been used, the RSI indicator confirms a strong rebound but indicates that there is still room for the price to go lower in the coming hours, however the STOCH indicator confirms the use of energy in the current movement which may give a temporary stop in the current correction.
by cryptodailyuk
3
ETH/USDT 1HInterval Review ChartHello everyone, I invite you to review the ETH chart on an hourly interval. First, we will mark with yellow lines a local triangle in which the price is at the upper limit for the third time. In this arrangement, we can see an exemplary price movement in which the fourth time we will see an upward exit from the triangle. After unfolding the fib retracement tool, we can mark a strong support zone above which the price is currently holding, however, when we fall below this zone, we can see a drop around the next support at $ 1808. 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 has to break through the support zone from $1844 to $1852 first, then it can move towards the resistance at $1864 and then continue to the resistance at $1879. The CHOP index indicates that there is a lot of energy to be used, on the RSI we can see that a small increase in price gives a large increase on the indicator, which creates room for another decrease. The STOCH indicator is also approaching the upper limit, which may affect the trend reversal and the transition to a downward trend.
by cryptodailyuk
ETH/USDT 4H ReviewHello everyone, let's look at the ETH to USDT chart on the 4-hour timeframe. As you can see, the price is holding above the local downtrend line. Once we unfold the Fib Retracement grid, we can mark the support zone from $1827 to $1780 that the price is based on, then we have strong support at $1712 and then at $1623. Looking the other way, we will mark the resistances in the same way and here we first have a resistance zone from $1883 to $1945, then resistance at the price of 2033, and another resistance at the price of $2146. The CHOP index indicates that there is a lot of energy, the RSI shows that downward movements have more power than upward movements, and the STOCH indicator indicates that the energy is quickly exhausted.
by cryptodailyuk
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BTC/USDT check the description!Hello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price has moved sideways from the local downtrend line. When we unfold the trend based fib extension tool, we can mark the first support zone from $28998 to $28830, then we mark the second strong support zone from $2855 to $28357. Looking the other way, we will check the resistance places in the same way and here we see that the first resistance is at $29254, then the second at $29475, the third at $29656 and the fourth strong resistance at $29831. At this point, it is worth paying attention to the CHOP Index and the RSI indicator, because we can see that when we crossed the lower limit on the CHOP indicator and the upper limit on the RSI indicator, there was a strong change in the price trend.
by cryptodailyuk
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LTC 4H Review Hello everyone, I invite you to review the LTC chart on the four-hour interval. As we can denote with the blue lines, the price is moving in the uptrend channel where we are moving towards the lower border. Let's start by marking the support places for the price and for this we will use the trend based fib extension tool, you can immediately see that the price is staying in a very strong support zone from $88 to $81. 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 bounces off the $95.94 resistance, then we have a second resistance at $102.22, then a third resistance at $107.64, and then price needs to break the strong resistance zone from $113 to $120. The CHOP index indicates that there is still energy to make a move, the RSI is in a strong rebound but there is still room for the price to go lower, while the STOCH indicator is approaching the lower limit and there is some energy left to complete the move.
by cryptodailyuk
ETH 1H Review Be careful!Hello everyone, I invite you to review the chart of ETH in pair to USDT, also on an hourly interval. In the first place, we can mark the downtrend channel, however, we are currently moving in a sideways trend channel in which the price is still holding. 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 the first support is the zone from $1841 to $1829, then we can mark a very strong support zone from $1780 to $1714, when the price falls below this zone we can see a drop around $1626. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we see a strong resistance zone from $1,894 to $1,947, then we have resistance at $1,984, and then the price needs to break through the $2,031 resistance to continue up. When we turn on the EMA Cross 200, we see that the price made an attempt to return to the uptrend, but it failed and we quickly fell below the ema cross 200. The CHOP index indicates that the energy is almost depleted, the RSI has a strong rebound but there is still room for us to go lower, the STOCH index indicates that the energy is depleted at the moment so we can see a temporary sideways trend.
by cryptodailyuk
BTCUSDT 1H Chart ReviewHello everyone, I invite you to review the chart of BTC in pair USDT taking into account the time interval of one hour. First, we will use the blue lines to mark the local downtrend channel that btc lagged upwards, and entered the uptrend channel from which the exit was down. What's more, the exit from the first channel was close to the high of the channel, if the exit from the current channel behaves similarly, we can see a correction around $28,000. Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking the support zone where the price is currently from $ 29,485 to $ 28,733, but when we fall below this zone, we can see a drop around the previously mentioned place of $ 27,996, and the next support is at $ 26,928. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First, the price has to break the resistance at $30,644, then we have a second resistance at $31,487, and then a third very strong resistance at $32,344. The CHOP index indicates that there is little energy for the next move, the RSI rebounded from the upper edge and there is still room for the price to go lower, but on the STOCH indicator we see that the energy is running out at the moment, which may give a temporary sideways trend.
by cryptodailyuk
BTC 4H Review Chart Hello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving in an ascending triangle. We'll start by presenting the most important supports. The first support is at $28,341, then we have a strong support zone from $27,974 to $27,494, followed by a second support zone from $26,917 to $26,309. Now let's move on to the resistances and here we first have a small zone from $29724 to $29813, then there is a second strong zone from $30604 to $31162 and then resistance at $31864. The CHOP index indicates that there is still energy for movement, the RSI has a quick rebound, but we still have not touched the lower limit, the STOCH indicator also indicates a rebound, but the energy is quickly exhausted.
by cryptodailyuk
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BTC Chart Review 4HIntervalHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the interval of four hours. First of all, we will use the yellow line to mark the uptrend line above which the price stays, while locally we can mark the downtrend channel in which the price stays at the upper edge. When we turn on EMA Cross 50 and 200, we can see that they indicate a return to the downtrend and it is worth paying attention to whether the situation of a quick break down the longs and a return to the growth zone will not repeat. Now, in order to determine the support places, we will use the trtend based fib extension tool, thanks to which we will mark the support zone from $ 29,506 to $ 28,765, but if the price goes lower, we have support at $ 28,008, and then strong support at $ 26,952. Looking the other way, we can determine the places of resistance in a similar way. First, we will mark the resistance zone from $30,509 to $31,541, when we manage to break it, we can mark further resistance areas and here we have resistance at $32,367, then at $33,216, and another very strong resistance at $34,419. Please pay attention to the CHOP index which indicates that there is still enough energy to make a move, the RSI is near the middle of the range, but we still haven't seen the lower limit touched, which may affect the price correction, moreover, we are approaching the upper limit on the STOCH indicator, which also can give you a price adjustment.
by cryptodailyuk
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BNB/USDT 1H Chart Review Hello everyone, let's look at the BNB to USDT chart on a one hour timeframe. As you can see, the price is moving above the local uptrend line. After unfolding the trend based fib extension grid, we see that there is a support zone from $242.8 to $242 first, then support at $241.39, and then the second zone from $240.73 to $239.81. Looking the other way, we see a resistance zone from $243.92 to $244.58, resistance at $245.12, and then a second strong zone from $245.69 to $246.46. The CHOP index indicates that there is still energy for a move, the RSI is approaching the upper limit again, which may reverse the direction of the price, while the STOCH indicator has crossed the upper limit, which may result in a stronger downward move.
by cryptodailyuk
BTCUSDT 4H Review!Hello everyone, let's 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 unfold the trend based fib extension grid, we see that the first support is at $29232, then we have strong support at $29148 and the third at $29042. Looking the other way, the first resistance the price is below is $29292, then the second resistance at $29360, the third at $29415 and then we have a strong resistance zone from $29472 to $29550. The CHOP index indicates that there is energy for a move, the RSI is near the middle of the range, and the STOCH index indicates that downward movements are stronger, which may pull the price lower.
by cryptodailyuk
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ADA 1D ReviewHello everyone, I invite you to review the ADA chart in a one-day interval. As we can see, the price has broken the downtrend lines, but you can see that the price is moving just above it, which could bring the ADA back into the downtrend. Let's start by marking the price support spots and we see that first we have a $0.28 to $0.25 support zone, however if the price goes down we have another support at $0.22 and then a $0 support at $18. Looking the other way, we can similarly identify the resistance points that the price has to face. And here we see that the current price quickly moved back to the resistance zone from $0.33 to $0.36. We still have $0.38 resistance, only when price breaks out will have to break through the very strong $0.40 to $0.42 zone. As you can see, the attempt to exit the EMA Cross 200 up failed and the price quickly returned to the downward trend. The CHOP index indicates that we have a small upward movement and a lot of energy is gathering, the RSI indicates a sideways trend and movement around the middle of the range, be careful because the energy collected can be used for dynamic movement. The STOCH indicator indicates that we can expect small increases, however, downward movements give a much larger price movement.
by cryptodailyuk
ETH/USDT 1H Short-Term ReviewHello everyone, I invite you to review the chart of ETH in pair to USDT, also on the time interval of one hour. First of all, using the blue lines, we can mark the uptrend channel, from which the price went down and is currently struggling to return to the channel. Now let's move on to marking the places of support. And as you can see we have the first support at $1841, the second support at $1812, the third support at $1788 and then we can mark the fourth very strong support at $1763. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here, the first resistance at which the price changes direction is at $1878, then the second resistance at $1909, the third at $1933, the fourth strong resistance at 0.618Fib equal to $1957, and then the strong resistance at $1991. When we turn on the EMA Cross 200, we can see that the price is struggling to return above the blue line of the ema cross 200, which would confirm the return to the uptrend. The CHOP index indicates that there is still energy for movement. On the RSI we see a local correction, but in combination with the STOCH indicator we can see a greater price rebound.
by cryptodailyuk
BTC 1H Review Short-Term!Hello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the interval of one hour. First of all, we will use the blue lines to mark the uptrend channel, from which the price exited at the bottom and entered the downtrend channel formations. What's more, very often the exit from the channel is close to the size of the channel, in this situation we can see the price drop to around $28236. In order to determine the support places for the BTC price, we will use the Trend Based Fib Extension tool, and here we see that the first support is at the price of $ 28973, then we can define the support zone of $ 28,528 to $ 28,171, but when the price breaks out of this zone, further we have very strong support at $27815 followed by $27305. Looking the other way, we can determine the places of resistance in a similar way. First, we will mark the resistance zone from $29734 to $30009, when we break it we have resistance at $30277, then resistance at $30690, then very strong resistance at $31175. The CHOP index indicates that the collected energy is used for a local price increase, the RSI indicates a significant increase with room for the price to go higher, but on the STOCH indicator we can see that we have exceeded the upper limit, which may affect the slowdown of the price increase and even return to correction.
by cryptodailyuk
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