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Trendbasedfib

BTC Daily Review 4HIntervalHello everyone, I invite you to review the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will use the yellow line to mark the downtrend line from which the price has moved sideways. 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 support at $29248, but when we go lower, we still have a strong support zone from $28696 to $28266. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. And here the first resistance is at $30,242, then we have the resistance zone from $30,758 to $31,114, however, before any major increases, the price must break the resistance at $31,581. Please pay attention to the CHOP index which indicates that there is a lot of energy for the upcoming move, the MACD indicator indicates entering a local uptrend, while the RSI is moving in the lower part of the range, which may bring the price up in the coming hours.
by cryptodailyuk
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BTC/USDT 1Hinterval support and resistanceHello everyone, let's look at the BTC to USDT chart on one hour time frame, the price is trading below the local falling trend line. To check the supports, we will use the trend based fib extension tool and as you can see, the first significant support is at $29,481, and then we have strong support at $29,306. Now let's move on from the resistance line, as you can see the price fights the resistance at $29783, then we have a strong resistance zone from $29930 to $30038 and then resistance at $30172. The CHOP index indicates that there is energy for further movement, the MAC maintains a downward trend, and the rsi is moving under the downtrend line, only when we exit it can we see the price increase.
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BTC/USDT 4HInterval ReviewHello everyone, I invite you to check the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will use the blue lines to mark the local sideways trend channel where the price is at its lower border, while using this line we can mark the downtrend lines in the current channel where the price is higher with a sideways move. Now let's move on to determining the resistance, for this we will use the trend based fib extension tool and as we can see the first significant resistance is at the price of $30705, then we have a strong resistance zone from $31220 to $31591, and only then the price will move towards the resistance at priced at $32,052. Looking the other way, we can also mark support places for BTC, as you can see the first support is at $29687, and then we can mark a very strong support zone from $29227 to $28897. Please pay attention to the CHOP index, which indicates that there is a lot of energy for the upcoming move, the MACD indicator remains in a downward trend, but is close to changing the trend, and after reacting, we have a sideways movement on the RSI with the place for the price to move towards the first resistance.
by cryptodailyuk
BTC/USDT Short-Term 1HInterval ReviewHello everyone, let's look at the BTC to USDT chart in one hour time frame. As you can see, the price has broken out of the local downtrend line. After unfolding the trend based fib extension mesh, we see that the price has bounced off the strong resistance at $30,442, and when it breaks the next resistance is at $30,550. Looking the other way, we see that the first support is at $30,318, then you can mark a strong support zone from $30,238 to $30,182, and then support at $30,114. Looking at the CHOP indicator, we can see that the energy is almost used up, the MACD confirms the local uptrend and the RSI has a significant increase, however, there is some room for the price to go a little higher.
by cryptodailyuk
1
ETH/USDT 4HInterval Daily ReviewHello everyone, I invite you to review the chart of ETH in pair to USDT, also on a four-hour interval. First of all, using the blue lines, we can mark the uptrend channel in which the price is currently moving at its upper border. When we turn on the EMA Cross 200, we can see that it held the price nicely at the time of the correction. Now let's move on to marking the places of support. Here the first support we should take into account is at $1973, then we will mark the strong support zone from $1935 to $1911, however when the price breaks down from it we have another support at $1877. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first very strong resistance at $2063, then we have a strong support zone from $2110 to $2144, only when the price goes up, it will move towards the resistance at $2188. The CHOP index indicates that the energy has been used. The MACD indicator confirms the uptrend. However, on the RSI we crossed the upper limit, which gives us moments of recovery.
by cryptodailyuk
2
BTC Daily Review 14.07.2023Hello everyone, I invite you to review the current cryptocurrency situation on BTC in pair to USDT, taking into account the four-hour interval. First, we will use the blue lines to mark the local sideways trend channel that the price is testing after an upward exit from the channel. It is also worth marking the local uptrend line on which BTC is currently moving. After unfolding the trend based fib extension tool, we see that the first support that held the price is at $31,127, then we have support at $30,915, but if the price goes lower, we can determine the important support zone from $30,690 to $30,390. Looking the other way, we can determine the places of resistance in a similar way. And here a very important resistance is at the level of $31840, only when we exit above it, the price will move towards the resistance at $32096, and then towards the very strong resistance zone from $32346 to $32698. Please pay attention to the CHOP index, which indicates that most of the energy has been used and we are currently moving sideways, the MACD indicator indicates maintaining the local uptrend, while the RSI shows a visible rebound after a strong increase, which may give room for another wave of price increases.
by cryptodailyuk
BNB/USDT Short-Term ReviewHello everyone, let's look at the BNB to USDT chart on a one hour time frame. As you can see, the price has broken out of the local downtrend line. After unfolding the trend based fib extension mesh, we see that the first support is at the price of $ 239.8, the second at the price of $ 236.5. third at $233.3, and fourth at $228.7. Looking the other way, you should first mark the resistance zone from $247 to $250, and then the second zone from $254 to $257. The CHOP index indicates that there is a lot of energy to move, MACD is on the verge of returning to the downtrend, and we have a rebound on the RSI, but there is room for the price to go lower.
by cryptodailyuk
Review Chart DOT/USDT 4HHello everyone, I invite you to review the DOT chart in pair to USDT. First, we will use the blue lines to mark the downtrend channel where the price is moving in the upper range. And when we turn on the EMA Cross 200, we see that the price has stayed on this line, which indicates that the uptrend that was started earlier is being maintained. Moving on, we can move on to marking support areas when we start a larger correction. And here the first support is at $4.98, then we can mark the support zone from $4.58 to $4.25, however, when the price falls below this zone, we can see a drop to around $3.93. Looking the other way, we see that the price has reached an important resistance zone from $ 5.35 to $ 5.65, which so far has no strength to break. However, if it manages to exit the descending channel upwards and break through the resistance zone, the next resistance will appear at $6.04, and then the price can move towards the resistance at $7.20. Take a look at the CHOP index, which indicates that the energy is starting to regain strength, the MACD indicates that we are in a local uptrend, while the RSI is back to the middle of the range, which gives room for the price to go a little higher.
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 is staying above the local uptrend line. When we unfold the trend based fib extension grid, we see that the price is in the support zone from $ 1873 to $ 1853, while we can mark the second zone from $ 1822 to $ 1799. Looking the other way, we see that the price is before a strong resistance at $1888, and then we have a very strong resistance at $1927. The CHOP index indicates that there is energy to move, the MACD indicates that we remain in a local downtrend, while the RSI has rebounded to the lower part of the range, which should give room for price growth.
by cryptodailyuk
BTC/USDT Review long-term 1DIntervalHello everyone, let's look at the BTC to USDT chart on a single day timeframe. As you can see, the price has moved above the downtrend line. After unfolding the trend based fib extension tool, we see that the first support is at $30078, the second at $29174, the third at $28446, and then there is a strong support zone from $27717 to $26665. Looking the other way, first resistance is at $31,313, second at $32,289, third at $33,082, then there is a strong resistance zone from $33,882 to $35,002. The CHOP index indicates that there is a lot of energy to move, the MACD indicates a return to the downtrend, and the RSI is in the upper part of the range, which may affect the price rebound.
by cryptodailyuk
LTC/USDT Review 4H Analysis Hello everyone, welcome to the LTC review on a four-hour interval. Currently, with the help of blue lines, we will mark the downtrend channel, from which the price is fighting for an upper exit. Now let's move on to marking the support spots for the price and we see that the price is currently holding a very strong support at $94.76, however when it leaves the support below, we can see a drop to the second support at $82.24. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the first resistance is at $99.53, then we have the second resistance at $104.49, and then price needs to break a strong resistance zone of $108 to $112. The CHOP index indicates that most of the energy has been used, the MACD is struggling to return to the local uptrend, while the RSI is moving in the lower part of the range, which may also affect the reversal of the uptrend.
by cryptodailyuk
XRP/USDT 1D Review ChartHello everyone, welcome to the XRP chart review on a one-day timeframe. As we can see after defining the uptrend line, the price has fallen slightly below, but remains close to this line. Let's start by marking the support areas for the price and we see that first we have a support zone from $0.45 to $0.42, which is holding the price so far, but if the zone is broken, the next support is at $0.39. 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 is currently bouncing off the $0.48 resistance. Then we can mark a resistance zone from $0.51 to $0.52, and a second very strong zone from $0.54 to $0.57. The CHOP index indicates that a lot of energy has been collected, the MACD is struggling to return to the downtrend, while the RSI has a further rebound, which may positively affect the change of the price direction to an upward one.
by cryptodailyuk
BNB Short-Term Review Resistance and Support Hello everyone, let's look at the BNB to USDT chart on a single day timeframe. As you can see, the price has fallen below the local uptrend line. Let's start by setting the support line and as you can see the first support that is currently holding the price is $234.5, then the second is at the price of 232.5$, and then the third at the price of 230.9$. Now let's move on to the resistance and trump BNB first has to break the zone from $237 to $238, then there is resistance at $239.5. Looking at the CHOP indicator, we see that there is some energy left for the move, the MACD indicates an attempt to return to the local uptrend, and the RSI has approached the middle of the range, but there is still room for the price to rise.
by cryptodailyuk
BTC/USDT Long-Term 1DInterval ReviewHello 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 use the blue lines to mark the downtrend channel from which the price has gone up, while locally it is worth marking the sideways trend channel in which the BTC price is moving. We will use the trend based fib extension tool to determine the supports, as we can see now the first support at $30049 held the price, however when it goes lower the next support is at $29180, then the third support at $28402 and then it is worth marking a very strong zone support from $27678 to $26628. Looking the other way, we can determine the places of resistance in a similar way. And here the first resistance at fibon's golden point is at $31855, before which the price turns back, however when it manages to break it, the second resistance is at $33809 and then the third resistance at $36250. When we turn on the ema cross 10 and 30, we can see that it indicates a continuation in the ongoing uptrend. The CHOP index indicates that there is a lot of energy to be used, the MACD indicator indicates a downtrend, and we can see a rebound on the RSI, but we are still in the upper part of the range, which may give the price a rebound.
by cryptodailyuk
ETH/USDT Short-Term Review 1HIntervalHello everyone, let's look at the ETH to USDT chart taking into account the timeframe of one hour. As we can see, the price leaves the local downtrend line sideways. When we unfold the trend based fib extension tool, we see that we first have a support zone from $1872 to $1859, but when the price goes lower, then the support is at $1836. Looking the other way, we can mark a resistance zone from $1879 to $1889 where the price is struggling to break out, then we have a second zone from $1904 to $1915 and then strong resistance at $1930. The CHOP index indicates that the energy has been used, the MACD indicates the continuation of the local downtrend, and the RSI shows a significant rebound that may change the direction of the price to an upward one.
by cryptodailyuk
BTC/USDT Short-Term 1HInterval ReviewHello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price is bouncing off the local downtrend line. After unfolding the trend based fib extension grid, we see the first support zone from $30,309 to $30,138, and then the second support zone from $29,856 to $29,658. Now let's move on to the resistances, and here in the first place the price has to break the zone from $30661 to $30804, when it does it has a second strong resistance zone from $30949 to $31150. The CHOP index indicates that the energy is starting to gather strength, the MACD is on the verge of returning to the local uptrend, and the RSI after a strong recovery shows that there is room for price growth.
by cryptodailyuk
ATOM/USDT 4H Interval ReviewHello everyone, I invite you to review the ATOM chart in pair to USDT, like its predecessor on the four-hour interval. First, we will use the blue lines to mark the downtrend channel in which the price is moving. Going further, we can move on to selecting support places, for this we will use the trend based fib extension tool. And here we will mark a significant support zone from $8.16 to $6.91, however, when the zone does not hold the price, we can see a drop around the second very strong zone from $5.90 to $4.91. Looking the other way, we see that the price is moving towards an important resistance zone from $10.54 to $11.37. If it manages to break out of this zone upwards, the price will move towards a strong resistance at $12.56 and further to the resistance at $14.05. Please look at the CHOP index, which indicates that the energy for the moment is used, the MACD indicates that we are moving in a local downtrend, while the RSI has a significant rebound to the lower part of the range, which may give a change in the trend in the coming hours.
by cryptodailyuk
BTC Short-Term Review 4HIntervalHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price stays on the local uptrend line. After unfolding the trend based fib extension grid, we can determine the first support zone from $ 30,701 to $ 30,490, but when the price drops lower, we have a second strong zone from $ 30,280 to $ 29,981. Now let's move on to the resistances and here we see that the price cannot break through the first zone from $31256 to $31530, when it does it will move towards the second very strong zone from $31974 to $32289. Looking at the CHOP indicator, we see that it collects more and more energy for the move, MAC is struggling to maintain the uptrend, while the RSI is at the upper limit, which may give a greater price rebound.
by cryptodailyuk
BNB Review 4HInterval Looking at BNB vs USDT, also on a four-hour timeframe. First of all, using the blue lines, we can mark the downtrend channel from which the price went up. As we can see from the unfolding of the fib based trend extension tool, the price stays just above the first support zone from $247 to $242, however, when the price falls below this zone, we can see a drop around the second strong zone from $234 to $229. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first very strong resistance at the price of $ 253, only when the price positively tests it should try to attack the level of $ 261. When we turn on the EMA Cross 10 and 30, we can see the confirmation of the uptrend. The CHOP index indicates that we have a lot of energy for the next move. The MACD indicator struggles to maintain a local uptrend. On the other hand, on the RSI we are moving in the upper limit, but we have some space for the price to try to attack the first resistance.
by cryptodailyuk
BTC/USDT 4H Interval Review Hello everyone, I invite you to check the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will use blue lines to mark the local channel of the sideways trend, from which the price goes up, in the situation of exiting by the height of the channel, we will find ourselves in the place of the last peak, which could reverse the direction of the price. 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 from $ 30,673 to $ 30,389, however, when we fall below this zone, we can see a drop around the second zone at the levels of $ 30,163 to $ 29,936. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First, we will mark the resistance zone from $31,215 to $31,463, when we manage to break out of it upwards and positively test, we will see a movement towards the second zone from $31,858 to $32,137. When we turn on the moving average ema cross 10 and 30, we will notice that they are in a local uptrend. The CHOP index which indicates that energy is starting to be recovered, the MACD indicator indicates a strong upward move, while the RSI is moving in the upper part of the range, which may affect the price rebound in the coming hours.
by cryptodailyuk
ETH/USDT Short-Term 3.07.2023Hello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price has broken out of the local downtrend line. After unfolding the trend based fib extension grid, we see that there is a first support zone from $1953 to $1946 ahead of the price, and then we have a second strong support zone from $1928 to $1914. Now let's move on to the resistances and we see that the price did not stay above the first resistance zone from $1961 to $1970, it was rejected, further resistance is at $1979 and the third resistance is at $1993. Looking at the CHOP indicator, we see that the energy is gaining strength, the MACD is trying to maintain the local uptrend, and the RSI has rebounded from the upper limit of the range, which may give a moment of rebound for the price.
by cryptodailyuk
FTM/USDT 4H ReviewHello everyone, let's look at the FTM to USDT chart on a 4-hour timeframe. As you can see, the price has broken out of the local downtrend line. Let's start with the support line and as you can see the first significant support is at $0.25, then we have the second support at $0.20 and then the third support at $0.16. Looking the other way, we can determine a significant resistance zone that the price has to face from $0.35 to $0.39, only when we move up from this zone, the price can move towards resistance at $0.46. The CHOP indicator indicates the ending energy, which gives small price movements, the MACD tries to return to the local uptrend, while the RSI after a visible rebound, we have an attempt to return to the uptrend.
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BTCUSDT 4H Interval ReviewHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is trying to break the local downtrend line. After unfolding the trend based fib extension grid, we can see a support zone from $30,241 to $29,981, however, when the price falls below this zone, we still have support at the golden fib point, at $29,555. Now let's move from the resistance line, as you can see the price is fighting a very strong resistance at $30578, while further it will move towards an also very strong resistance at $31240. Looking at the CHOP indicator, we see that there is still energy for the move, the MACD, despite the price increase, remains in the local downtrend, and the RSI has a slight increase, which may give room for the price to grow a little more.
by cryptodailyuk