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BTC did not break the $100,000 barrier!Hello everyone, I invite you to review the chart of BTC in pair to USDT taking into account the terval of one day. As we can see, the price was moving in the downward trend channel marked in blue, from which we got a dynamic upward exit, and the increase itself was similar to the height of the channel from which it emerged. However, here we can see that the historical moment of breaking through $100,000 turned out to be too great a psychological barrier at which we could observe the beginning of the recovery movement. using the Fin Retracement tool, we can determine the levels to which the price can probably return and here, first of all, the support level at the price of $89,500 is visible, then the level of $83,800 is visible, but if the price goes lower, we can see a drop to a strong support zone from the level $74,400 to $68,000, which would result in a decline of approximately 27%. It is worth emphasizing that such corrections of 20-30% happen during a bull market.
by cryptodailyuk
LTC/USDT 1D interval chart reviewHello everyone, I invite you to a quick review of the current situation on the LTC to USDT chart, taking into account the interval of one day. As we can see, the price moved sideways from the downward trend line, which resulted in dynamic upward movements. Currently, we can see how the price has bounced off the very strong resistance zone from $106 to $113, only when we manage to move up from this zone will we be able to see an upward movement towards the resistance at $142. Looking the other way, we can see support at $92, then we have a visible level at $82, if the price continues its downward movement, strong support will be found at $68.
by cryptodailyuk
BTC is in the range of $85-90kAs you can see, BTC has made large upward movements in recent days, resulting in a move of approximately 35%, which broke the critical point around $84,600, reaching nearly $90,000. You can see how we are struggling to maintain this movement and the price itself is in the range of $85,000-$90,000. However, here you can see another resistance point at the level of $90,900, then very strong resistance may appear at the price of $94,400, and then the zone in the range of $98,400 to $99,760 will be important, which is a strong psychological barrier. In a situation where we see further price recovery, support is visible at the level of $84,580, then there is a support point at $81,235, then we have the level of $78,481, $75,727 and $71,784. You can see how the price is climbing along the upward trend line and looking at this line, we can expect an attempt to rebound towards this trend line.
by cryptodailyuk
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Will ETH repeat BTC's strong upward move?ETH in a key place, currently fighting with strong resistance at the level of $3,247, this is a key place before the upward movement to around $3,561, which is the last place before the movement towards a very strong resistance zone from $3,948 to $4,102, which is a key place before the establishment of the new ATH. Looking the other way, there is currently a strong upward movement, which may give a moment of relief and here there is support at $2,816, then there is strong support at $2,546, and then the price could go back even to around $2,117, which in the current situation is an unlikely move at this point.
Long
by cryptodailyuk
BTC new ATH what's next?BTC reaches new ATH, but the level around $76,600 is a key place in the four-year cycles lasting for BTC, because from its low in each cycle, it grows less by 5.3 times than in the previous cycle. However, the situation may change with the introduction of ETFs to the market, which changed price movements. If we manage to break out of the $76,600 level, we can see a move towards $83,800, and then the important level is at $89,000. When the price starts to recover, the first important thing for us is the support zone from $73,700 to $70,000, when this zone is broken, the price can quickly return to the level of $66,000, and then the important support is at the price of $59,300. We have also identified a visible upward trend line on which we can currently base critical points in the event of a correction.
Long
by cryptodailyuk
DOGE/USDT chart review 1D I invite you to take a quick look at the chart of DOGE in pair with USDT, taking into account the time frame of one day. As we can see, when the price left the downtrend lines, it gained energy for new increases. But you can see here that the 0.618 Fib level turned out to be a strong resistance at the $0.176 level, only when it is overcome we can see the resistance at the $0.2 level, and then the $0.234 level will be important. Looking the other way, first of all you need to take into account the level of $0.146 as support, then the level of $0.123 is important, and then visible support is at the price of $0.089. When we look at the RSI indicator, we will see a reflection from the upper limit, but the large rebound resulted in a slight downward price movement on the chart, which translated into a strong upward movement.
by cryptodailyuk
ETH/USDT 4h review chartHello everyone, let's look at the current ETH to USDT situation considering the four-hour time frame. In this situation, we can see how the price defends itself from falling to the local upward trend line. Let's start by setting goals for the near future, which include: T1 = $2,560 T2 = $2,628 T3 = $2734 T4 = $2,814 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $2,496 SL2 = $2,441 SL3 = $2,353 SL4 = $2,279 Looking at the RSI indicator on a 4-hour interval, we have touched the bottom of the range, which may indicate a temporary end of the correction, which confirms a quick price rebound.
by cryptodailyuk
BNB/USDT 4h chart review Hello everyone, let's look at the current situation of BNB in ​​the USDT pair considering the four-hour interval. In this situation, we can see how the price, despite the rebound, remains above the local upward trend line. Let's start by setting goals for the near future, which include: T1 = $613 T2 = $626 T3 = $652 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $592 SL2 = $579 SL3 = $559 SL4 = $545 Looking at the RSI indicator, the recovery resulted in a significant move on the indicator, but there is still room for a larger decline.
by cryptodailyuk
LINK-USDT 8h chart reviewHello everyone, let's look at the 8H LINK to USDT chart, in this situation you can see that despite a slight price rebound, we are still in a strong downtrend channel. Let's start by setting goals for the near future, which include: T1 = $12.10 T2 = $12.90 T3 = $13.91 Let's now move on to the stop-loss in case of further market declines: SL1 = $11.07 SL2 = $10.03 SL3 = $8.37. In this situation, it is worth paying attention to the RSI indicator, where we are again approaching the upper limit, which in previous situations resulted in a price correction.
by cryptodailyuk
ETH-USDT 4H chartHello everyone, let's look at the current ETH situation considering the four-hour interval. In this situation, we can see the price fighting against the trend line Let's start by setting goals for the near future, which include: T1-2422$ T2-2583$ T3-2702$ I T4-2854 Now let's move on to the stop-loss in case the market continues to decline: SL1 = 2346$ SL2 = 2210$ SL3 = 2061$ SL4 = 1939$ the RSI shows that we are approaching the upper limit, which may provide relief or inhibit growth in the coming hours
COINBASE:ETHUSD
by cryptodailyuk
BTC/USDT 4H Interval Chart Hello everyone, let's look at the 4H BTC to USDT chart, in this situation we can see how the price is moving in a downtrend channel, and currently we can see how the price has moved upwards from it. Let's start by setting goals for the near future, which include: T1 = $58674 T2 = $60394 T3 = $62412 T4 = $65143 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $55,105 SL2 = $53,217 SL3 = $50,380 And SL4 = $48,219 Looking at the RSI indicator, we can see that we are high on the 4-hour interval, which may slow down the upward movement or try to recover.
COINBASE:BTCUSD
by cryptodailyuk
BNB-USDT 1D ChartHello everyone, I invite you to a quick review of the BNB to USDT chart on a one-day time frame. As you can see, the price has set a new local upward trend line, which is important to stay in the upward phase. After unfolding the Fib Retracement grid, you can see that the price rebounded from the level of $524, then the second support is at $500, the third support is at $477, and the fourth strong support is at $443. Looking the other way, there is strong resistance around $561, but much more important is the level of $605 which has currently rejected the increases.
by cryptodailyuk