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Trendbasedfib

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 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 $24483, if the support is broken then the next support is $24110 and $23819. Now let's move on to the resistance line, as you can see the price is approaching the first resistance at $25187, if it manages to break it, the next resistance will be $25508 and $25943. Looking at the CHOP indicator, we see that we have a lot of energy for the next move, the MACD maintains the local downtrend, while the RSI moves at the upper limit, which may cause a further price correction.
by cryptodailyuk
Daily BTC 1HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price has broken the local downtrend line. Let's start with determining the support line using the Trend Based Fib Extension tool and as you can see, first we have a support zone that defended the price from $ 24597 to $ 24237, if the support is broken then the next support is $ 23955, and then we have support at $ 23655. Now let's move on to the resistance that price has on its way and here too we can mark the resistance zone from $24921 to $25107 if you manage to break it the next resistance will be $25335 then at $26025 and the next significant level is at price $27,123. Looking at the CHOP indicator, we see that the energy is gaining a lot of strength, the MACD is close to returning to the local uptrend, while the RSI is moving sideways in the middle of the range, which makes it difficult to clearly determine the direction.
by cryptodailyuk
DOT/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the DOT chart in pair to USDT, on a one-day timeframe. First, we will use the blue lines to mark the downtrend channel from which the price has gone up. Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $5.47, the second support is at $5.07, the third support is at $4.74, and the fourth support is at $4.41. Looking the other way, we see that the price is fighting the resistance at $6.16, which so far has no strength to break. However, if it manages to break out above, the second resistance is at $6.40, the third at $6.75 and the fourth at $7.18. Please look at the CHOP index, which indicates that we are gaining more and more energy, the MACD indicates that we are close to entering an uptrend, while the RSI also shows a rebound and a lot of room for continuation of the move.
by cryptodailyuk
SOL/USDT 4HInterval 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 channel marked with blue lines, while locally the yellow line will mark the uptrend lines. Let's start by marking the support spots for the price and we see that the first support to consider is at $18.86, then we have the second support at $17.24 and the third support at $15.94. 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 testing strong resistance at $20.55. We continue to have strong resistance at $21.83, once the price breaks it it will move towards the resistance at $23.38. The CHOP index indicates that the energy has been used for the current increases, the MACD indicates the continuation of the uptrend, while the RSI is moving in the upper part of the range, which may indicate a temporary correction.
by cryptodailyuk
DOT/USDT 4HInterval Resistance and SupportHello everyone, let's look at the DOT 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 in the near future is $5.28, if the support is broken then the next support is $5.17 and $5.03. Now let's move to the resistance line, as you can see the first resistance is $5.38, if you manage to break it, the next resistance will be $5.46, $5.52 and $5.59. Looking at the CHOP indicator, we see that the energy is gathering strength, the MACD indicates that the price is about to return to a downtrend, while the RSI shows that we are moving at the lower end of the range, which could potentially give a sideways trend or increases.
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 local downtrend channel. Let's start with the support line and as you can see the first support in the near future is $1495, if the support is broken then the next support is $1462, $1436 and $1410. Now let's move to the resistance line, as you can see the first resistance is $1590, if you manage to break it, the next resistance will be $1631, $1665 and $1698. Looking at the CHOP indicator, we see that we have a lot of energy to move, the MACD indicates a local downtrend, while the RSI is moving at the lower limit, which may affect the trend change.
by cryptodailyuk
MATIC/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the MATIC chart in pair to USDT, also on a four-hour interval. First of all, using the yellow lines, we can mark the downtrend channel in which the price is currently moving. 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 $1.06, the second support at $0.99, the third at $0.93, and the fourth at $0.87. 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 significant resistance at $1.18, the next resistance at $1.24, then the third resistance at $1.30, and the fourth at $1.34. Now let's move on to Index CHOP which indicates that energy has been used for the correction but there is still some left. The MACD indicator is on the verge of entering a local downtrend. On the other hand, we see a significant rebound on the RSI, we are approaching the lower limit of the range, which may indicate an upcoming trend change.
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by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, I invite you to take a slightly broader look at the BTC chart against USDT, taking into account the four-hour interval. First, we will use the blue lines to mark the sideways trend channel, but locally, we will use the yellow lines to mark the second downtrend channel. Now we can move on to marking the places of support in the event of a correction. And here we have the first support at $21951, the second support at $21834, the third at $21736, and then it is worth marking a strong support zone from $21640 to $21500. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. And as you can see, we have the first resistance at $22016, the second at $22118, the third at $22197, and then we have a strong resistance zone from $22283 to $22403. Please pay attention to the CHOP index which indicates that there is still energy to continue the move, the MACD indicator indicates entering a local downtrend, while on the RSI we are moving at the lower end of the range, which can potentially give a change in the trend.
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 is moving in the lower part of the downtrend channel. Let's start with the support line and as you can see the first support in the near future is $21954, if the support is broken then the next support is $21833 and $21738 . Now let's move on to the resistance line, as you can see the first resistance is $22014, if you manage to break it the next resistance will be $22115 and $22198. Looking at the CHOP indicator, we see that we still have the energy to move, the MACD indicates entering a local downtrend, while the RSI is moving at the lower end of the range, which can potentially give a change in the trend.
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 is moving below the local downtrend line. Let's start with the support line and as you can see the first support at which the price is located is $22219, if the support is broken then the next support is $22114, $22026 and $21942. Now let's move on to the resistance line, as you can see the first resistance is $22282, if it is broken then the next resistance will be $22365, $22480 and $22630. Looking at the CHOP indicator, we see that some of the energy has been used, but there is still some left for further movement, the MACD indicates that we are maintaining a local uptrend, while the RSi shows a rebound and we are approaching the lower limit of the range, which may potentially change the trend.
by cryptodailyuk
BNB/USDT 4HInterval Resistance and SupportI invite you to review the BNB chart against USDT, also on a four-hour interval. First of all, using the blue lines, we can mark the downtrend channel in which the price is currently moving. 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 $279, the second support at $272, the third at $267, and then at $262. 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 resistance at $294, the next resistance at $301, then the third resistance at $306 and the fourth at $311. The CHOP index indicates that there is still energy for movement. The MACD indicator is on the verge of entering a local uptrend. On the other hand, the RSI shows an increase, but there is plenty of room to continue it.
by cryptodailyuk
FTM/USDT 4HInterval Resistance and SupportThe last one in today's chart is the FTM vs. USDT chart. First, we will use the white line to mark the main trend that the price must overcome, but locally, with the blue lines, we will mark the downtrend channel in which the price is fighting for an uptrend. Moving on, we can move on to marking the places of support. And here we can immediately see that the support at $0.41 is very strong and held the price, but looking further, the next support is at $0.36. Looking the other way, we see that the price has hit an important resistance zone from $0.43 to $0.46 that it has to face. Then we have resistance at $0.48, then a second zone from $0.50 to $0.53, and another resistance at $0.57. Please take a look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the MACD indicates that we are moving in a local uptrend, while the RSI has gone to the middle of the range and there is still room for further increases.
by cryptodailyuk
DOT/USDT 1HInterval Resistance and SupportHello everyone, let's look at the DOT to USDT chart on a 1-hour time frame. As you can see, the price is close to breaking the local downtrend line. Let's start with determining the support line and as you can see, it is worth marking the support zone from $5.94 to $5.90 in the first place, if the support is broken then the next support is $5.86 and $5.80. Now let's move to the resistance line, and here we will also mark the resistance zone from $6.02 to $6.07, when the price breaks this zone it will be able to attack the $6.20 level. Looking at the CHOP indicator, we see that there is a lot of energy to continue the move, the MACD indicates a local uptrend, while the RSI has a large increase, but there is some room for the continuation of the move.
by cryptodailyuk
SOL/USDT 1HInterval Resistance and SupportHello everyone, let's look at the SOL to USDT chart on a 1-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 in the near future is $21.01, if the support is broken then the next support is $20.84, $20.61 and $20.30. Now let's move to the resistance line, as you can see the first resistance is $21.32, if you manage to break it, the next resistance will be $21.54, $21.72 and $21.90. Looking at the CHOP indicator, we see that the energy is used for a correction, the MACD indicates entering a local downtrend, while the RSI shows a rebound and entering the lower part of the range.
by cryptodailyuk
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 uptrend line. Let's start with the support line and as you can see the first support in the near future is $1550, if the support is broken then the next support is $1530 and $1515. Now let's move to the resistance line, as you can see the first resistance is $1573, if you manage to break it, the next resistance will be $1591 and $1605. Looking at the CHOP indicator, we see that the energy is exhausted, the MACD indicates the maintenance of the local downtrend, while the RSI is moving at the lower end of the range, which may result in a trend reversal.
by cryptodailyuk
BNB/USDT 4HInterval Resistance and SupportHello everyone, welcome to a review of the BNB chart on a four-hour time frame. First, we can use the blue lines to mark the local downtrend channel in which the price is currently moving. Now let's move on to marking the places of support for the price. To do this, we will use the trend based fib extension tool, and we see that we have first support at $284.7, but if the price goes lower, we have another support at $272.6. 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 first resistance is at $297.4, the second resistance is at $303.9, the third is at $309.3 and the fourth is at $314.7. Please look at the CHOP Index, which indicates that the energy has been consumed and is slowly increasing, the MACD indicates the continuation of the local downtrend, and the RSI has a strong rebound to the lower end of the range, which may positively affect and give increases in the coming time.
by cryptodailyuk
DOT/USDT 4HInterval Resistance and SupportHello everyone, let's look at the DOT to USDT chart on a 4-hour timeframe. As you can see, the price has left the local downtrend channel. Let's start with the support line and as you can see the first support in the near future is $6.41, if the support is broken then the next support is $6.35 and $6.29. Now let's move to the resistance line, as you can see the first resistance is $6.50, if you manage to break it, the next resistance will be $6.55, $6.62 and $6.72. Looking at the CHOP indicator, we see that there is some energy left for further movement, the MACD indicates the maintenance of the local uptrend, while the RSI is moving in the lower part of the range with room for increases.
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 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 $1619, if the support is broken then the next support is $1604, $1590 and $1569. Now let's go to the resistance line, as you can see the first resistance is $1649, if you manage to break it, the next resistance will be $1662, $1674 and $1693. Looking at the CHOP indicator, we see that we have a lot of energy for the next moves, MACD indicates the maintenance of the local uptrend, while the RSI is moving in the middle of the range, which makes it difficult to clearly determine the direction.
by cryptodailyuk
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LTC/USDT 4HInterval Resistance and SupportI invite you to review the LTC chart on the four-hour interval. As we can see, the price has moved out of the local downtrend channel, which we used to determine the blue lines. Now let's move on to marking the price support points and we see that we first have a support zone from $92 to $90, but if the price goes lower, we have another support at $88.30, then at $86.35 and another support at $83.80 $. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that we are currently below the first resistance zone from $94 to $97, when we manage to break it we have the second resistance zone from $99 to $101. Next we have a strong resistance at $103.82 and the next one at $107.57. The CHOP index indicates that most of the energy has been used, the MACD indicates that the uptrend is maintained, while the RSI indicates that we are moving around the middle of the range, which makes it difficult to indicate the direction of the price.
by cryptodailyuk
Daily BNB 4HChart - 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 moving in a triangle marked with yellow lines. Let's start with the support line and as you can see the first support in the near future is $305, if the support is broken then the next support is $300 and $292. Now let's move on to the resistance line, as you can see the first resistance is $310, if you manage to break it, the next resistance will be $317 and $326. Looking at the CHOP indicator, we see that we have a lot of energy for the next move, the MACD is on the verge of entering a local uptrend, while the RSI is moving in the lower part of the range, which gives room for price growth.
by cryptodailyuk
DOT/USDT 4HInterval Resistance and SupportHello everyone, let's look at the DOT 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 $6.89, if the support is broken then the next support is $6.65 and $6.31. Now let's go from the resistance line, as you can see the first resistance is $7.18, if we break it, the next resistance will be $7.32, then we have a strong zone from $7.43 to $7.54 when price breaks it next resistance it's $7.70. Looking at the CHOP indicator, we see that there is still energy to continue the move, the MACD confirms the ongoing downtrend, while the RSI has a significant rebound and we are approaching the lower limit of the range
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 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 $1636, if the support is broken then the next support is $1603, $1569 and $1522. Now let's go from the resistance line, as you can see in the first place we have a strong resistance zone from $1673 to $1718, if we manage to break it, the next resistance will be $1743. Looking at the CHOP indicator, we see that we have a lot of energy for further movement, the MACD remains in a downward trend, while the RSI shows a visible rebound.
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 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 $24756, if the support is broken we have a support zone from $24484 to $24273, and the next support is $24046 and $23733. Now let's move to the resistance line, as you can see the first resistance is $25,248, if we manage to break it, we can see a rapid increase to around $26,426. Looking at the CHOP indicator, we see that the energy is slowly rising, the MACD indicates a local downtrend, while the rsi is approaching the upper limit of the range, which may give the price a rebound.
by cryptodailyuk