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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 timeframe. 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 $26819, if the support is broken then the next support is $26566, $26372 and $26164. Now let's move on to the resistance line, as you can see first we have a resistance zone from $27120 to $27256, if we manage to break it the next resistance will be $27467, then $27730 and we can see a quick return to $28462. Looking at the CHOP indicator, we see that the energy is slowly gathering strength, the MACD indicates a local downtrend, while the RSI after rebounding fell to the lower part, which creates room for future increases.
COINBASE:BTCUSD
by cryptodailyuk
BNB/USDT 4HInterval Resistance and SupportI invite you to review the BNB chart on a four-hour interval. First, we will use the blue lines to mark the downtrend channel in which the price is currently moving. Let's start by marking the support places for the price and we can see that the price is currently struggling to stay on the support at the so-called golden point of Fib 0.618, but if the price drops lower, we have the next support at $305.8, then at $301.8. 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 go through the strong resistance zone from $317 to $323 first. We continue to have strong resistance at $327.3, once the price breaks it it will move towards the resistance at $337.4. The CHOP index indicates that most of the energy has been used in the current correction, the MACD indicates the entry into a local downtrend, while the RSI has a large rebound and we can see that we are approaching the lower limit, which may slow down the price correction.
by cryptodailyuk
Daily ETH 1DChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, also on a one-day interval. First, we will use the yellow line to mark the uptrend line that the price has left sideways, while currently we can see that we are moving in the downtrend triangle marked with blue lines. 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 zone from $ 1673 to $ 1629, the second support at the price of $ 1567, and the third significant support at the level of $ 1486. 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 as the first resistance zone from $1803 to $1873, when we manage to break out of it up, the next resistance is at $1931, and then the third resistance at $1992. The CHOP index indicates that we have a lot of energy for the upcoming moves. The MACD indicator indicates a return to the downtrend. On the other hand, we see a rebound on the RSI, and we are staying below the downtrend line, which may indicate a deepening of the correction.
by cryptodailyuk
2
Daily BTC 1DChart - 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 one-day interval. First, we will use the yellow line to mark the uptrend line, from which the price went down. However, locally, we can mark the triangle in which we are currently with the help of blue lines, and here we can see that we are on the border of the bottom exit. 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 the triangle exit at $26,592, then it is worth marking the support zone from $25,272 to $24,216, however, when we fall below this zone, we can see a drop to around $23,072. Looking the other way, this time using the trend based fib extension tool, we can determine the places of resistance. And here we see that the first resistance is at $28,880, the second resistance is at $30,253, and the third resistance is at $31,362. It is worth paying attention to the volume, which, despite the co-erect, we see that it is much smaller in recent days. Please pay attention to the CHOP index, which indicates that we have a lot of collected energy, the MACD indicator is on the verge of returning to a downward trend, while the RSI shows a rebound, but there is room for a deeper correction, so be careful.
by cryptodailyuk
1
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 $1768, if the support is broken then the next support is $1746, $1730 and $1713. Now let's move on to the resistance line, as you can see the first resistance is $1804, if you manage to break it, the next resistance will be $1829 and $1861. Looking at the CHOP indicator, we see that the energy is rising, the MACD indicates entering a local uptrend, while the RSI, despite the increase, we see that there is still room for continuation of the current move.
by cryptodailyuk
1
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 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 $27350, which currently held the price, if the support is broken then the next support is $26970, and then at the price of $26478. Now let's go to the resistance line, as you can see the first resistance is $27502, if we manage to break it, the next resistance will be $27821, the third resistance will be $28065 and the fourth resistance is at $28323. Looking at the CHOP indicator, we see that there is still some energy left for the move, the MACD confirms the ongoing downward trend, while the RSI has a further rebound, which will create room for new increases in the longer term.
by cryptodailyuk
2
BNB/USDT 4HInterval Resistance and SupportAs the third, we will check the BNB chart on a four-hour interval. As we can see, the price is moving in the local downtrend channel marked with blue lines. Let's start by marking the support spots for the price and we see that we first have support at $317.6, but if the price goes lower, we have another support at $313.7 and then at $308.5. 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 $320.7, then we have resistance at $323.2, then we can mark a strong resistance zone from $325 to $330, and then resistance at $333. The CHOP index indicates that we have a lot of energy to move, MACD indicates the entry into a local downtrend, while the RSI shows a significant rebound, which creates room for future increases.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportAs the second chart in today's review, we'll be looking at BTC vs USDT, given a four-hour time frame. First of all, using the blue lines, we can mark the uptrend channel from which the price went down. 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 $27,710, the second support at $27,451, the third at $27,069, and then the fourth support at $26,581. 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 $27974, the next resistance at $28295, then the third resistance at $28544 and the fourth at $28793. The CHOP index indicates that there is plenty of energy for the next move. The MACD indicator indicates a local downtrend. On the other hand, we see a rebound on the RSI, which positively makes room for new increases.
COINBASE:BTCUSD
by cryptodailyuk
Daily BTC ShortTerm 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 $28466, if the support is broken then the next support is $28302, $28151 and 28009 . Now let's move on to the resistance line, as you can see the first resistance the price is currently fighting is $28623, if it manages to break it, the next resistance will be $28815 and $29056. Looking at the CHOP indicator, we see that there is a lot of energy for the move, the MACD is close to returning to the local uptrend, however, the RSI is approaching the upper limit, which in the coming time may lead to another price rebound.
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 has definitely broken the local downtrend line. Let's start with setting the support line and as you can see the first support in the near future is $1806 at which the price currently stopped, if the support is broken then the next support is $1788, $1774 and $1759. Now let's move to the resistance line, as you can see the first resistance is $1834, if you manage to break it, the next resistance will be $1852, $1866 and $1880. Looking at the CHOP indicator, we see that we have a lot of energy to move further, the MACD is close to entering the local uptrend, while the RSI is moving at the upper part of the range, which may slow down the growth.
by cryptodailyuk
1
DOT/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the DOT chart in pair to USDT, on a four-hour interval. First, we will use the yellow line to mark the uptrend line from which the price has gone down, then with the blue lines we will mark the downtrend channel in which the price is moving in the lower range. Going further, we can move on to marking support areas in a situation where the correction will deepen. Currently, the DOT price has fallen below the strong support at 0.618 FIB and now the first support is at $6.09 and the second support is at $5.92. Looking the other way, we will start by marking a strong resistance zone from $6.37 to $6.51, when the price goes up from this zone, the next resistance is at $6.62, the third at $6.73, and then the fourth at $6.89. At this point, it is worth looking at the EMA Cross 10 and 30, as we can see the red EMA Cross 10 curves, while when it crosses the green EMA Cross 30 from above, it will give us confirmation of the return to the downtrend. As you can see on the CHOP index, we have a lot of energy for further moves, MACD confirms the ongoing local downtrend, while on the RSI we have a rebound and we have gone to the lower part of the range, which gives us room for new increases.
by cryptodailyuk
1
Daily BTC 1HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 1-hour time frame. As you can see, the price is moving in the 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 $27857, if the support is broken then the next support is $27710, $27503 and $27233. Now let's move on to the resistance line, as you can see first we have a resistance zone from $28025 to $28225, if we manage to break it the next resistance will be $28379, $28540 and $28770. Looking at the CHOP indicator, we can see that we still have the energy to move, the MACD indicates a transition to a local downtrend, while the RSI is moving around the middle of the range, which makes it difficult to clearly choose the direction.
by cryptodailyuk
SOL/USDT 4HInterval Resistance and SupportHello everyone, let's look at the SOL 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 determining the support and here we can first mark the support zone from $21.64 to $21.23, if the support is broken then the next support is $20.85, then $20.28 and $19.54. Now let's move to the resistance line, as you can see we first have a resistance zone from $22.06 to $22.68, if we break it, the next resistance will be $23.18, $23.68 and $24.40. Looking at the CHOP indicator, we see that we have more and more energy, the MACD indicates a local downtrend, while the RSI is rebounding, which may give room for new increases.
by cryptodailyuk
3
Daily ETH 1DChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on a single day 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 $1755, if the support is broken then we still have a support zone from $1699 to $1655, while further support is at $1609 and $1548. Looking the other way, we see that the price has hit a very important resistance at $1821 at 1.618Fib, when it breaks it and positively tests it will move towards the $2100 resistance. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates a local uptrend, while the RSI is approaching the upper limit, which may give the price a rebound.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello 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 blue lines to mark the downtrend channel from which the price went up. Now we can move on to marking support areas in case of deepening correction. And here we have the first support at $25656, then it is worth marking the support zone from $24819 to $24164, but when we fall below this zone, we can see a drop around $23490 and even $22525. 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 resistance at $26,512, which the price failed to test positively, when we manage to break it, we have resistance at $27,349, then at $28,114 and $29,297. At this point, it is worth looking at the EMA Cross 10 and 30, this indicator nicely shows the place that was a confirmation of entering an uptrend. Please pay attention to the CHOP index which indicates that the energy has been used, the MACD indicator indicates the entry into a local uptrend, while on the RSI we went above the upper limit, which quickly turned the price back.
by cryptodailyuk
1
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