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Trendbasedfib

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.
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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.
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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.
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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.
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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.
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BNB/USDT 4H Interval ReviewI invite you to the third chart, this time BNB on a four-hour interval. As we can see, the price moved down from channel A of the uptrend, then the price moved in channel B of the downtrend, in which the low was higher than in channel A. Which gave us an upward exit from channel two and a move along the local uptrend line. Using the trend based fib extension tool, we will check support places for the BNB price. And here you can immediately see that we have a support zone from $234 to $229, which is currently holding the price. However, when we fall below this zone, the price has a second very strong support zone from $221 to $216. Looking the other way, we can similarly determine the places of resistance that the price has to face. And similarly, we will mark two zones through which the price must pass in order to continue its growth. The first zone starts at the price of $238 and ends at the level of $242, when the price goes up from it, it will move towards the second zone at the levels of $247 to $253. Here it is worth looking at the EMA cross 10 and 30, as we can see that the red line of the cross 10 ema is approaching the intersection of the green 30 from below, which should result in an uptrend change. The CHOP index indicates that we have the energy to continue the move, the MACD indicates maintaining an uptrend, while the RSI is moving in an uptrend, with small rebounds, but there is room for the price to go higher in the current moves.
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ETH/USDT 1D Review Hello everyone, let's look at the ETH to USDT chart on the 1D time frame. As you can see, the price is holding at the local uptrend line. Let's start with determining the supports. And here we see that first we have a zone from $1866 to $1822 where the price is holding, then we have a second very strong support zone from $1752 to $1701. Now let's move to the price resistance, in this situation the first zone is $1890 to $1934, once price breaks it it will go towards the $1971 to $2008 zone. Looking at the CHOP indicator, we see that there is more and more energy, the MACD indicates the maintenance of the local uptrend, while the RSI shows that small price corrections give the indicator a rebound, which creates room for another increase.
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BTC Short-Term 1HIntervalHello everyone, let's look at the BTC to USDT chart on a 1-hour timeframe. As you can see, the price is moving below the local downtrend line. Let's start with setting the support for the next few hours and here we first have a support zone from $30170 to $30043, which held the price, but then we have a second support zone from $29940 to $29837. Now let's move on to the resistance, as you can see the first resistance is $30253, if it breaks down the next resistance will be $30412 and then we have a strong resistance zone from $30546 to $30674. Looking at the CHOP indicator, we see that there is still some energy left, the MACD indicates a continuation in the downtrend, while the RSI is moving at the lower limit, however, small movements can bring the price to the second support zone.
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LTC/USDT 4HInterval Review support and resistanceHello everyone, let's look at the LTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $87.49, if the support is broken then the next support is $83.42 and then we have a strong support zone from $80 to $77. Now let's move to the resistance line, as you can see the first resistance is $91.28, if you manage to break it, the next resistance will be $94.72 and $97.52. Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, the MACD confirms the local downtrend, while the RSI shows a visible rebound, which may give room for future increases.
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SOL/USDT 4H Interval Review resistance and supportHello everyone, I invite you to review the SOL chart on a four-hour interval. As we can see, the price has broken the downtrend lines, while currently we will use the blue lines to mark the uptrend channel, from which the price also goes down. Let's start by marking the support spots for the price and we see that we first have support at $15.91, but if the price goes lower, we have another support at $15.32, then we have a third very strong support at $14.71 $. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that currently the price failed to break out of the resistance zone from $ 16.44 to $ 17.53. However, if it manages to break it, we still have a strong resistance at $18.68, when the price breaks it, it will move towards the resistance at $20.25. The CHOP index indicates that there is a lot of energy for the next move, the MACD indicates that we are moving in a local uptrend, while the RSI shows an ongoing rebound and we are approaching the point where the correction is often completed.
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BTC.D Review 1DayIntervalHello everyone, I invite you to review the situation of BTC Dominance over the rest of the cryptocurrency market. At the beginning, we will use the blue lines to mark the downtrend channel, which after several attempts was able to exit upwards. Now, using the trend based fib extension tool, we can determine the places where dominance should encounter resistance. And here we see that we are facing a very strong resistance at 53.99%, but when it is overcome we can see a rapid increase to around 63.33%, which will give BTC a significant advantage over the rest of the market. 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 48.19% to $ 47.04, but when we fall below this zone, we can see a decrease to around 45.92%, and then to the second support zone from 44.27% by 42 .17%. Please pay attention to the CHOP index which indicates that most of the energy has been used, the MACD indicator confirms a strong uptrend, while on the RSI we crossed the upper limits of the range, which should give a moment of recovery or at least a temporary sideways trend with small pullbacks.
CRYPTOCAP:BTC.D
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BTC/USDT 4HIntervalHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price has moved down from the local uptrend channel. Let's start with setting the support line and as you can see, the price is currently moving in the important support zone from $30,433 to $30,159, if the price falls below the zone, we can see a drop to the support area at $29,373. Now let's move on to the resistance line, as you can see we have the first resistance zone from $30696 to $30915 and then the price needs to break through the second zone from $31154 to $31468. Looking at the CHOP indicator, we see that there is a lot of energy to move, the MACD indicates the maintenance of the local downtrend, while the RSI shows a rebound, but there is still room for the price to go a little lower.
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ETH/USDT 4HInterval ReviewHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. 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 support that held the price is $1867, if the support is broken then the next support is $1822, $1786 and then there is the support zone from $1751 to $1699. Now let's move to the resistance line, as you can see the first resistance is $1932, if you manage to break it, the next resistance will be $1979, $2017 and $2054. Looking at the CHOP indicator, we see that we have a lot of energy for the upcoming move, MACD indicates a local downtrend, while the RSI, despite small price movements, recovers nicely, which will give room for further increases.
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BTC/USDT 4HInterval ReviewHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. Currently, the price is moving in the local uptrend channel. Let's start with the support line and as you can see, first the price held a strong support zone from $30639 to $30423, then we have strong support at $30149 and then we can see a drop to the third support at $29353. Now let's move on to the resistance line, as you can see the first resistance is $30855, if it breaks through, the next resistance will be $31138 and then we have the resistance zone from $31363 to $31587. Looking at the CHOP indicator, we see that there is still energy to continue the move, the MACD indicates the maintenance of the local downtrend, while the RSI is moving at the upper limit, which can affect the sideways trend or a slight price drop.
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ETH/USDT 4hInterval ReviewHello everyone, I invite you to the review of ETH in pair to USDT, also on a four-hour interval. First of all, as in the BTC chart, we can use the blue lines to mark the downtrend channel that the price has left the top. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark support, and as you can see, we have a support zone from $1862 to $1815 in the first place, but when the price goes lower, it is worth marking a second very strong support zone from $1745 to $1692. 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 we are in a very strong resistance zone from $1886 to $1945, only when the price moves up out of this zone will it move towards the resistance at $2031 and then to the resistance at $2140. It is worth mentioning that the exit from the channel often gives an increase at the level of the channel itself, which in the current situation can give an increase to the support area at $2031. The CHOP index indicates that the energy is gathering more and more strength. The MACD indicator indicates a transition to a local downtrend. On the other hand, on the RSI after a strong increase above the upper limit of the range, we have a rebound, but we are still at the upper limit, which may give a slight rebound in price or a sideways trend in the coming hours.
by cryptodailyuk
BTC/USDT 4HInterval ReviewHello everyone, I invite you to the Friday cryptocurrency review. Let's start by checking 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 downtrend channel, from which the price went up by the height of the indicated channel. Now we can move on to marking the support areas when the price recovers from the current increases. And here we first have support at $29,994, then second support at $29,095, then third support at $28,342, however when the price goes lower, we have a strong support zone from $27,589 to $26,520. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. And here we can immediately see that the price is in front of a strong resistance at the golden point of the fib retracement, at $31838, when it manages to break it, the second resistance is at $33,790, and when the price breaks it, it will move towards resistance at the price $36,247. Please pay attention to the CHOP index, which indicates that the energy is gathering more and more strength, the MACD indicator indicates an attempt to maintain an uptrend, while the RSI shows a strong increase, which may bring a slight rebound or a temporary sideways trend.
by cryptodailyuk
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BNB/USDT 4H Interval ReviewHello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is above the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $240.3, if the support is broken then the next support is $237.8, $235.7 and $233.6. Now let's move on to the resistance line, as you can see the first resistance the price is fighting is $243.8, if it manages to break it, the next resistance will be $246.4, $248.6 and $250.8. Looking at the CHOP indicator, we see that there is still energy for the move, the MACD remains in a downtrend, while the RSI is in the middle of the range, which may indicate a temporary sideways trend.
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ETH/USDT 4HIntervalHello everyone, let's look at the ETH to USDT chart on a four-hour time frame. 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 support in the coming hours is $1864, if the support is broken then the next support is $1821 and then we have the support zone from $1785 to $1749. Now let's move on from the resistance line, as you can see the first resistance the price rebounded from is $1939, if it breaks down the next resistance will be $1980, then it will move towards the resistance zone from $2019 to $2055. Looking at the CHOP indicator, we see that the energy has been exhausted, the MACD indicates the uptrend is maintained, and the RSI has a rebound, however, we are still above the upper limit, which may give the price a rebound.
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BTC/USDT 4H Review, Resistance and SupportHello 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 downtrend line. Let's start with the support line and as you can see the first support in the near future is $26334, if the support is broken then the next support is $25806, $25359 and $24944. Now let's go from the resistance line, as you can see the first resistance is $27234, if you manage to break it, the next resistance will be $27567, $27863 and $28146. Looking at the CHOP indicator, we see that there is still energy for the continuation of the move, MACD indicates the continuation of the uptrend, however, we have touched the upper limit on the RSI, which will most likely reverse the trend in the coming hours and give the price a rebound.
by cryptodailyuk
BNB/USDT 4HInterval resistance and supportHello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is staying above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $244.8, if the support is broken then the next support is $241.5, $238.9, $236.3 and $232.6. Now let's move on to the resistance line, as you can see the first resistance is $246.9, if you manage to break it, the next resistance will be $250.7, $256.4 and $263.2. Looking at the CHOP indicator, we see that most of the energy has been used, the MACD indicates staying in a local uptrend, while the RSI is moving in the upper part of the range, which may indicate a local sideways trend or a small rebound.
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ETH/USDT 4H Interval Targets and StoplossHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving below the local downtrend line. Let's start by setting goals for the near future that we can take into account: T1 = $1774 T2 = $1790 T3 = $1809 T4 = $1834 AND T5 = $1864 Now let's move on to the stop loss in case the market goes down further: SL1 = $1700 SL2 = $1656 SL3 = $1619 AND SL4 = $1585 Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates an ongoing local uptrend, while the RSI has a large increase, which may give the price a rebound or a sideways trend in the coming hours.
by cryptodailyuk
ADA/USDT ChartReviewHello everyone, I invite you to review the ADA chart in pair to USDT, on a one-day interval. First of all, we will use the blue lines to mark the uptrend channel from which the price has gone down and we are currently moving below the downtrend line. As we can see, the exit from the channel resulted in a decrease in price, similar to the size of the channel itself. Moving on, we can move on to marking support areas when we start a larger correction. And here we see that the price is currently holding a strong support zone from $0.28 to $0.23, however, if the support does not hold the price, we can see the price drop quickly to the next support at $0.10. Looking the other way, we see that the first resistance is at $0.31, when the price breaks it, the second resistance will be at $0.34, then we have a strong resistance zone from $0.37 to $0.40, only when price breaks it, it will move towards the resistance at $0.46 for it to continue rising. Please look at the CHOP index, which indicates that we have touched the end of the range and now we can see the price turnaround, the MACD indicates that we are in a downtrend, while the RSI has a large rebound below the lower limit of the range, which in combination with the CHOP index can give room for growth prices.
by cryptodailyuk