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Daily ETH 4HChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, also on a four-hour interval. First of all, we will use the yellow line to mark the downtrend line, from which the price went up and currently turned out to be a support for the price. Now let's move on to marking the places of support. We will use the trend based fib extension tool to mark the supports, and as you can see, we have the first support at $1789, the second support at $1756, the third at $1708, and then the fourth support at $1649. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here in the first place we should mark the strong resistance zone from $1872 to $1925, when the price defeats it we have resistance at $1967, and then resistance at $2081. The CHOP index indicates that the energy has been used. The MACD indicator indicates a transition to a local downtrend. On the other hand, we have a strong rebound on the RSI, which crossed the lower limit of the range, which may stop the price from falling further in the coming hours.
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XRP/USDT 1DInterval Targets and StoplossHello everyone, let's look at the 1D XRP to USDT chart as you can see that the price is moving above the local downtrend line. Let's start by setting goals for the near future that we can take into account: T1 - $0.55 T2 - $0.59 AND T3 - $0.64 Now let's move on to the stop loss in case the market goes down further: SL1 - $0.50 SL2 - $0.48 SL3 - $0.46 SL4 - $0.44 AND SL5 - $0.41 Looking at the CHOP indicator, we see that the energy has been used, the MACD confirms the ongoing uptrend, while the RSI is at the upper limit, which may affect the change of the trend to the downside.
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Daily BTC 1DChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a single day timeframe. As you can see, the price is moving below the downtrend line. Let's start with determining the support line and here in the first place it is worth marking the support zone from $ 26858 to $ 26357, if the support is broken then the next support is $ 25864 and $ 25170. Now let's move on to the resistance line, as you can see the first resistance is $27494, if you manage to break it, the next resistance will be $27811, $28580 and $28129. Looking at the CHOP indicator, we see that there is still a lot of energy for the move, MACD, despite the corrections, remains in an uptrend, while the RSI is moving around the middle of the range, which makes it difficult to clearly determine the direction of the move.
by cryptodailyuk
BNB/USDT 4HInterval Resistance and SupportHello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local downtrend line. Let's start with the support line and as you can see the first support that is currently holding the price is $305.9, if the support is broken then the next support is $298.6, $292.9 and $287.1. Now let's move on to the resistance line, as you can see the first resistance is $313.1, if you manage to break it, the next resistance will be $320.4, $326.3 and $332.6. Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, the MACD indicates that the local uptrend is maintained, while the RSI is in the lower part, although the price may go a little lower, there is a lot of room for growth.
by cryptodailyuk
XRP/USDT 4HInterval check the current situationHello everyone, I invite you to review the chart of XRP in pair to USDT, on a four-hour interval. First, we will use the blue lines to mark the uptrend channel in which the price has been moving locally since it exited the downtrend line marked with the yellow line. Moving on, we can move on to marking support areas when we start a larger correction. And here the first support is at the price of $0.50, the second support is at the price of $0.48, the third support is at the price of $0.47, and then we have the strength Looking the other way, we see that the price has hit the resistance at $0.52, then we have the resistance at $0.55, and when we manage to break it, we will move towards the resistance at $0.58 Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, MACD indicates that we are on the verge of changing the trend to an upward trend, while the RSI, despite the rebound, we are at the upper limit, which may lead to another correction of the price.
by cryptodailyuk
BTC/USDT short-term Targets and StoplossHello everyone, let's take a look at the 4H BTC to USDT chart as you can see that the price is moving right at the local downtrend line. Let's start by setting goals for the near future that we can take into account: T1 = $27,112 T2 = $27,475 T3 = $27,780 AND T4 = $28089 Now let's move on to the stop loss in case the market goes down further: SL1 = $26,783 SL2 = $26,493 SL3 = $26,257 AND SL4 = $26,036 Looking at the CHOP indicator, we see that there is a lot of energy for a new move, the MACD is on the verge of entering a local uptrend, while the RSI, after recovering, has a small increase with room for the price to go a little higher in the coming hours.
by cryptodailyuk
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MATIC/USDT 1DInterval - Targets and Stop lossHello everyone, let's look at the MATIC to USDT chart on a one-day time frame. As you can see, the price is staying above the local uptrend line. Let's start with setting the support line and as you can see the first support on which the price is currently based is $0.89, if the support is broken then the next support is $0.87, $0.84 and $0.81. Now let's move to the resistance line, as you can see the first resistance is $0.91, if you manage to break it, the next resistance will be $0.93, $0.95 and $0.97. Looking at the CHOP indicator, we see that there is some energy left for the next move, the MACD remains in an uptrend despite the correction, while the RSI has a small rebound, but there is still room for the price to go lower.
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Daily BTC 1WChart - resistance and supportHello everyone, I invite you to review the current situation on BTC in pair to USDT, taking into account the one-week interval. First of all, we will use the blue lines to mark the uptrend channel from which the price goes sideways, while locally, with the help of yellow lines, we can mark the downtrend channel. Now we can move on to marking support areas in case the correction starts to deepen. And here, in the first place, it is worth marking a strong support zone from $ 26,437 to $ 25,262, however, when we fall below this zone, we can see a drop to around $ 21,684. 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 $28,635 to $30,271, when we manage to break it, we have a second zone from $32,979 to $34,819. Only when the price breaks through both zones will it be able to move towards resistance at $37,426 At this point, it is worth mentioning that the price is still in a long-term uptrend above the EMA Cross 200. Please note the CHOP index which indicates that most of the energy has been used, the MACD indicator indicates the transition to a downtrend, while the RSI is approaching the middle of the range, but there is plenty of room for the price to go lower to the previously mentioned support zone.
by cryptodailyuk
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Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour timeframe. As you can see, the price has fallen below the local uptrend line. Let's start with the support line and as you can see the first strong support at which the price is currently located is $1858, if the support is broken then the next support is $1840, the third at $1816 and then the fourth at $1747. Now let's go to the resistance line, as you can see the first resistance is $1896, if you manage to break it, the next resistance will be $1921, $1941 and $1960. It is worth noting that the price is above the EMA Cross 200, which means it will remain in an uptrend. The CHOP index indicates that there is a lot of energy to be used, the MACD indicates a local downtrend, while the RSI has a strong rebound, so we can see an increase in the price in the coming hours.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC 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 $27659, if the support is broken then the next support is $27461, $27184 and $26837. Now let's move to the resistance line, as you can see the first resistance is $28129, if you manage to break it, the next resistance will be $28509, $28816 and $29113. Looking at the CHOP indicator, we see that the energy is gathering strength, the MACD indicates entering a local downtrend, while the RSI has a rebound, but there is room for the price to go a little lower in the coming hours.
by cryptodailyuk
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DOT/USDT 4HInterval Resistance and SupportHello everyone, I invite you to a review of the DOT chart in pair to USDT, on a four-hour interval. First, we will use blue lines to mark the local channel of the sideways trend, from which the price is trying to go up. At this point, however, it is worth paying attention to the EMA Cross 200, from which the price clearly rebounded. Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $5.46, the second support is at $5.40, the third support is at $5.35, and then we have a strong support zone from $5.30 to $5.23. Looking the other way, we see that the price has reached an important resistance at $ 5.50 and to the place of the previously mentioned EMA Cross 200, which so far has no strength to break. However, if it manages to break above, the second resistance will be at $5.60, then the third resistance at $5.73 and the fourth resistance at $5.90. Please look at the CHOP index, which indicates that the energy has been used, the MACD indicates that we are moving in a local uptrend, while on the RSI, after breaking the upper limit of the range, we got a quick price rebound, but further the room for increases is limited.
by cryptodailyuk
Daily ETH 4HChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, also on a 4H interval. First, we will use the yellow line to mark the downtrend line above which the price is trying to stay. Now let's move on to marking the places of support. We will use the trend based fib extension tool to mark supports, and here we will first mark the support zone from $1820 to $1788, then the second support at $1755, the third at $1708. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we will also mark the resistance zone which so far the price has no strength to break from $1885 to $1924, if this zone is broken further we have resistance at $1975 and then we can see a strong increase around $2120. The CHOP index indicates that the energy has been used. The MACD indicator is in an uptrend. On the other hand, on the RSI, despite a small correction, we remain in the upper part of the range, which may limit further price growth.
by cryptodailyuk
XRP/USDT 4HInterval check the current situationHello everyone, I invite you to review the XRP chart on the four-hour interval. As we can see, the price has broken the downtrend channel marked with blue lines. Let's start by marking the price support areas and we see that we first have strong support at $0.45, but if the price moves lower, we can mark a strong support zone from $0.43 to $0.42, then support at $0.42 $0.40. 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 fighting a strong zone from $0.48 to $0.49. We continue to have a strong resistance at $0.50, once the price breaks it it will move towards the resistance at $0.55. At this point, it is worth noting that the place of the first support is also the point through which the EMA Cross 200 is currently passing. The CHOP index indicates that there is still some energy left, the MACD indicates the continuation of the upward trend, while the RSI goes above the upper limit, which will most likely end with a price correction.
by cryptodailyuk
Daily BTC 1DChart - resistance and supportHello everyone, I invite you to review 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 in which the BTC price is moving. Now we can move on to marking support areas in case of deepening correction. And here, in the first place, it is worth marking the support zone from $ 27,462 to $ 26,854, but when we fall below this zone, we can see a drop around $ 26,342, then support at the price of $ 25,830 and even $ 25,148. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. We will first mark the resistance zone from $27793 to $28294, once it is broken the price has to face resistance at $28934 and then we can see a rapid rise to $30864. Please pay attention to the CHOP index which indicates that we have a lot of energy to move further, the MACD indicator indicates an uptrend, while the RSI is in the upper part of the range with a small rebound.
by cryptodailyuk
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BNB/USDT SHORTTERM Resistance and Support Hello everyone, let's look at the BNB 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 $312, if the support is broken then the next support is $310, and then we have a support zone from $308 to $306. Now let's go from the resistance line, as you can see the first resistance is $316, if you manage to break it, the next resistance will be $318 and $320. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates the maintenance of the local uptrend, while when the RSI touched the upper limit, it gave a price correction.
by cryptodailyuk
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Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is fighting for an upward exit from the local sideways trend channel. Let's start with drawing a support line, but here we will first mark a strong support zone from $26541 to $26209, when the price drops below we have another support at $25803. Now let's move to the resistance line, as you can see the first resistance is $27792, if you manage to break it the next resistance will be $28273 and $28966. Looking at the CHOP indicator, we see that the energy has been used in the current increase, the MACD confirms the local uptrend, while the RSI shows that the indicator has crossed the upper limit, which may indicate a rebound in the near future.
by cryptodailyuk
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Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour timeframe. 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 $1812, if the support is broken then the next support is $1796, $1782 and $1769. Now let's go to the resistance line, as you can see the first resistance is $1825, if you manage to break it the next resistance will be $1841 and then the third resistance at $1891. Looking at the CHOP indicator, we see that there is energy for further movement, the MACD maintains the local uptrend, while the RSI has a small rebound, which creates room for a future price increase.
by cryptodailyuk
Daily BTC 4HChart - 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 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 near future is $26328, if the support is broken then the next support is $26089 and then $25904. Now let's move to the resistance line, as you can see the price is moving towards the resistance at $26804, if you manage to break it then we can see an attempt to attack the resistance at $27395 Looking at the CHOP indicator, we see that there is energy to continue the move, MACD indicates a transition to a local uptrend, while the RSI shows a visible increase, but there is room for the price to attack the first resistance.
by cryptodailyuk
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving in the downtrend channel. Let's start with the support line and as you can see the first support in the near future is $1806, if the support is broken then the next support is $1766, $1734 and $1701. Now let's move on to the resistances that the price has to overcome and here is the first zone from $1842 to $1861, then the second zone from $1892 to $1915 and then the resistance at $1944. Looking at the CHOP indicator, we see that the energy is gaining more and more strength, the MACD indicates a return to the local downtrend, and the RSI has a strong rebound, which creates room for further increases.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving in the downtrend channel. Let's start with the support line and as you can see the first support in the near future is $26692, if the support is broken then the next support is $26063, $25562 and $25071. Now let's move on to the resistance line, as you can see the first resistance the price is currently fighting is $27380, if it breaks through, the next resistance will be $27744, $28285 and then the fourth resistance at $28934. Looking at the CHOP indicator, we see that most of the energy has been used, MACD indicates entering a local uptrend, while the RSI approached the upper limit, which quickly gave the price a rebound.
COINBASE:BTCUSD
by cryptodailyuk
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XRP/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the chart of XRP in pair to USDT, as before, taking into account the time interval of four hours. First, we will use the blue lines to mark the downtrend channel where the price is moving in the upper range. Moving on, we can move on to marking support areas when we start a larger correction. And here in the first place we have a support zone from $0.43 to $0.40, we have a second support at $0.38, and then we have a third support at $0.36. Looking the other way, we see that the price has hit an important resistance at $0.46, which so far has no strength to break. However, if we manage to move upwards from this resistance, which will result in exiting the descending channel, we will move towards the resistance at $0.49, and further at $0.52. Please look at the CHOP index, which indicates that there is still energy for the upcoming move, MACD indicates that we are moving in a downtrend, while on the RSI we see that a small price move gives a big move on the indicator and there is currently room for a new increase, but still the price may go lower.
by cryptodailyuk
Daily ETH 4HChart - resistance and supportHello 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 line to mark the downtrend line from which the black has gone sideways, while locally, with the help of blue lines, we can mark the sideways trend triangle in which we are approaching the exit direction. Now let's move on to marking the places of support. We will use the trend based fib extension tool to mark the supports, and as you can see, we have the first support at $1782, the second support at $1741, the third at $1708, and then we can mark the fourth support at $1675. 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 $ 1823, from which the price has already rebounded several times, the next resistance is at the price of $ 1848, then the third resistance at the price of $ 1873 and the fourth at the price of $ 1909. The CHOP index indicates that there is a lot of energy for a new move. The MACD indicator indicates a transition to a local uptrend. On the other hand, on the RSI we see that a slight price movement causes a large movement on the indicator, which in the long run may affect the price correction.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, I invite you to every Monday's 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 yellow lines to mark the local downtrend channel in which the BTC price is moving. Now we can move on to marking the places of support in the event of a correction. And here, the first support that is currently holding the price is $26,717, however, when we go lower, we have the second support at $26,124, the third support at $25,653, and then the fourth support at $25,154. 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 $26971 to $27329, when we manage to break it, we have a second zone from $27687 to $28195. Once these two zones are broken, we will move towards resistance at $28,854. When we turn on the EMA Cross 10 and 30, we see that we are in a downtrend. The CHOP index indicates that the energy is starting to gain strength, the MACD indicator remains in a downward trend, while the RSI is moving around the middle of the range, which indicates the continuation of the local sideways trend.
by cryptodailyuk
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