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.
4hourchart
SasanSeifi 💁♂️EUR/USD 4H / 1.072 _1.074 ? 🤔HI TRADERS ✌The Possible trends of #EUR/USD are shown on the chart.As you can see, the price faced buying pressure from the order block range of 1.053 and was able to grow up to the range of 1.069. Currently, the price is trading in the range of 1.067. Due to the breaking of the dynamic resistance, if it stabilizes above the range of 1.062, we can expect the price to grow up to the range of 1.072/1.074.
Targets are in the range of 1.072/1.074.
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
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SasanSeifi 💁♂️🟡 #XAUUSD / 4H / 1847 ???🤔HI TRADERS ✌The Possible trends of #XAUUSD are shown on the chart. As you can see, it faced buying pressure from the range of 1804 and was able to grow up to the range of 1838. Currently, the price is trading in the range of 1838.
The scenario that can be considered is the possibility of price correction from the range of 1843/1847. Otherwise, if the price penetrates above the range of 1847 and stabilizes, the target of 1854/1858 can be considered.We have to see how the price will react to the 1847 range.
let's see...
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
IF you like my analysis please LIKE and comment 🙏✌
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.
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As we can see, the price has spectacularly left the downtrend line, recording a 30% price increase in recent days.
When we use the Fib Retracement tool, we can see that key levels like 1, 1.618 Fib, are easily broken, the next significant level is at 2.618 Fib, but before that price must break through the resistance at $21,476.
However, we have the first support at the price of $ 20,101, then at $ 19,368, and below the support zone from $ 18,773 to $ 18,177.
Looking at the CHOP indicator, we see that any collected energy is quickly used for growth, and similarly, on the RSI indicator, despite crossing the upper range, the smallest rebounds are used for price growth.
LTCUSDT 4H Interval - Resistance and SupportI invite you to a short analysis of LTC/USDT based on the four-hour interval.
Let's start by marking with the white lines the uptrend channel in which the price is currently moving.
Next, we can immediately notice a strong support zone from $82.49 to $84.58, which the price is currently struggling with. Moreover, looking at the recent move, we see that the upper border of the zone is strong resistance at 0.618 FIB, then we have resistance at $86.16, $87.99 and $93.16.
When it comes to support, it is worth highlighting the first strong support zone from $78.58 to $75.21, at which the price has been repeatedly stopped.
Looking at the CHOP index, we see that the energy is strongly charged, the MACD indicates a local downtrend, while the RSI index has recovered and has a new place for price growth.
MKRUSDT Are increases coming?Hello everyone, I invite you to review the MKR cryptocurrency pair to USDT, on a four-hour interval. Let's start by marking with blue lines the downtrend channel where the MKR price is moving.
Now, using the Fib Retracement tool, we can determine the support that the price has when the correction deepens. And here in the first place we can mark the support zone from $515 to $509, if the zone is broken, we have the next support at the price of $502, which is the place of the last low.
Looking the other way, we will check resistance points for the price in the same way. As we can see from the $540 to $551 level, we have a strong resistance zone that the price has to face, once we exit above it, there is another resistance at the $564 price, but first the price needs to break the $525 to $530 zone.
It is worth marking the Rounding Bottom here, because such a formation often ends with an increase in price.
As we can see on the CHOP index, we have a lot of energy for the next move, the MACD stays on the edge of the local uptrend, while the RSI is in the middle of the range, but when we look at it on a one-day interval, we will notice that in the long run we are moving in the lower which may also indicate a price increase.
Daily review of ETH interval 4HHello 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 $1244, if the support is broken then the next support is $1226, $1211 and $1197.
Now let's move on to the resistance line, as we can see the price has bounced off the very important $1275 level at 0.618 Fib, if it manages to break it, the next resistance will be $1309 and $1353.
Looking at the CHOP indicator, we see that the energy has been exhausted, the MACD indicates that we are on the verge of entering a local downtrend, while the RSI indicator is at the upper limit, which may indicate a price correction.
Daily review of ETH interval 4HHello everyone, let's look at the ETH to USDT chart on the four hour time frame. As you can see, the price is moving below the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $1170, if the support is broken then the next support is $1152, $1137 and $1122.
Now let's go from the resistance line, as you can see the first resistance is $1182, if you manage to break it, the next resistance will be $1199, $1212 and $1225.
Looking at the CHOP indicator, we see that in the four-hour interval, the energy is gaining strength, the MACD indicates entering a local uptrend, while the RSI is at the lower limit, which may indicate a small price rebound.
COTI / USDT 4H CHART - Targets and Stoploss!Hello everyone, let's look at the 4H COTI to USDT chart as you can see that 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 = $0.0686
T2 = $0.06943
T3 = $0.07013
T4 = $0.07077
and
T5 = $0.07176
Now let's move on to the stop loss in case the market goes down further:
SL1 = $0.0675
SL2 = $0.06638
and
SL3 = $0.06494
Looking at the CHOP indicator, we see that the energy is gathering more and more strength on the 4H interval, while the MACD indicator indicates a local downtrend. It is also worth adding that we have a rebound on the RSI.
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price has moved sideways from the local downtrend line.
Let's start with the fact that the price shot up and immediately reached the place of 0.61 Trend-Based Fib Retracement, but quickly returned to the starting place, so again we can consider the previous places as valid resistances and so we have the first resistance at the price of $ 17185, the second at $17,216, the third at $17,241 where the price reversed, then $17,267 and $17,303. Only when BTC overcomes these resistances and then positively tests them will we be able to move on.
Now let's move to the support line, as you can see in the coming hours we have the first resistance at $17159, if the price goes lower, the next resistance is $17131, $17088 and $17037.
Looking at the CHOP indicator, we see that in the 4-hour interval we still have a lot of energy for the next move, the MACD indicator indicates a local downtrend, while on the RSI we are quite high, however, the place where we are may indicate a sideways trend.
LUNAUSDT - 4H Interval - Targets and StoplossHello everyone, let's look at the 4H LUNAUSDT chart as you can see that the price is moving in the uptrend channel, however it has locally moved sideways from the uptrend line in the channel.
Let's start by setting goals for the near future that we can take into account:
T1 - $1.6663
T2 - $1.6928
T3 - $1.7154
T4 - $1.7373
and
T5 - $1.7694
Now let's move on to the stop loss in case the market goes down further:
SL1 - $1.6464
SL2 - $1.6114
SL3 - $1.5821
SL4 - $1.5533
and
SL5 - $1.5145
Looking at the CHOP indicator, we see that the energy is strongly charged on the 4H interval, the MACD indicator indicates entering a local uptrend, while the RSI shows that despite we are high, we have room for further growth, but it is worth keeping the SL.
Price watch CTCUSDT.P - 4H Ichimoku levelsHere we trade CTCUSDT.P using 4H Ichimoku levels.
As prices go up, we're looking to go short. Here are some price levels to watch.
What do we see?
Price is coming up. Just above the previous high there are some resistance levels we identify using Ichimoku indicator. We were actually surprised price did not reach those levels on the previous high.
How can we trade those levels?
Watch for signs of a rejection and/or reversal. Taking out liquidity above the previous high(s).
Remember: this is just an idea, NOT financial advice. Do NOT take this trade, as it may run into a loss. Only take trades that fit YOUR plan and/or risk tolerance. If you do like this idea consider giving us a boost. Happy trading!
Daily review of BTC interval 4HHello 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 $17132, if the support is broken then the next support is $17080, $16997 and $16897.
Now let's move to the resistance line, as you can see the first resistance is $17217, if you manage to break it, the next resistance will be $17319, $17403 and $17480.
Looking at the CHOP indicator, we see that almost all energy has been used in the 4-hour interval, the MACD indicator indicates that we are maintaining a local uptrend, and the RSI is very high, which may indicate a price correction.
BTCUSD.P trade idea - 4H Ichimoku levelsHere we analyse BTCUSD.P.
Price action up until this point still looks rather corrective. This is supported by the 4H Ichimoku levels drawn in the chart. We trade at the zone of resistance, while the zone of support is found below the current swing lows. Unless we see a definite and powerfull break of the zone indicated, this trade idea is in our opinion still valid.
What do we see?
Bitcoin made a higher high, breaking above the zone (17.1-17.2k). However, RSI(14) showed bearish divergence, a higher high in price corresponding with a lower high on the RSI. Volume on the push up was also not bullish.
On the push down that followed, we did see an increase in volume. Furthermore, we made a lower low on the RSI. These observations combined indicate that a definite revearsal could be in for Bitcoin.
What do we look for?
If price comes back to the zone, there are two scenario's possible:
(A) we'd be looking for a powerful break of the zone upwards (momentum increase, high volume)
(B) we look for a liquidity grab above the zone followed by a continuation of the down trend
We set our alert to $17.080 and trade the reaction of the zone. In case of a rejection, this is the only position where we want to enter a short. If we miss it, we sit on our hands and wait for long opportunities (!).
Remember: this is just an idea, NOT financial advice. Please do NOT take this trade, as it may run into a loss. Only take trades that fit YOUR plan and/or risk tollerance. If you did like this idea consider giving it a boost. Happy trading!
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, we managed to get out of the downtrend line under which we were moving.
Let's start with the support line and as you can see the first support in the near future is $16870, if the support is broken then the next support is $16801, $16743 and $16688.
Now let's move to the resistance line, as you can see the first resistance is $17049, if you manage to break it, the next resistance will be $17140, $17265 and $17426.
Looking at the CHOP indicator, we see that in the 4-hour interval we have a lot of energy for further movement, the MACD indicator indicates entering a local uptrend, and the RSI shows that we still have room for more growth.
Scalping Bitcoin - 4H Ichimoku levelsHere we trade Bitcoin using 4H Ichimoku levels.
After closing our last short position it looks like Bitcoin is ready for some upside. We analyse the chart for new trading opportunities.
What do we observe?
Bitcoin made a lower low. After fully penetrating our support zone we see a strong rejection to the upside. RSI(14) formed a higher low which may indicate that downward momentum is fading for the time being. We identify a trading range roughly between 17.1k and 16.7k.
What is our strategy?
We scalp, as we're trading in the range. This for us is not a place to enter longer term swing trades. At the moment we simply don't know (or care) if we'll continue our way down, or break towards the upside. However, we can identify some levels that may offer us some shorter term trading opportunities. So scalping it is!
Trading ideas: we are likely to take liquidity above the previous local highs, indicated by the red ellipse. Thereby breaking resistance at $16,909. As prices go up, we look to enter shorts.
The orange zone is the first price range where we'll be looking for short opportunities. For profit target we consider the previous resistance, $16,909 or base our exit on lower time frame price action. Stop above the resistance at $17,014.
Second level to look for a viable trade is the level at $17,051. For profit target we consider the orange zone, and the previous resistance at $16,909. Stop above the blue zone.
If we don't see a rejection at these levels, we sit on our hands and wait for prices to break out of the range.
Note: in our analyses a 4H candle close below $16,700.5 is also a sell or short signal. We would effectively be trading below the base of the green Ichimoku cloud, which for us is a bearish indication.
Remember: this is just an idea, NOT financial advice. Do NOT take this trade, as it may run into a loss. Only take trades that fit YOUR plan and/or risk tolerance. If you do like this idea consider giving us a boost. Happy trading!
FTMUSDT.P - 4H Ichimoku levelsHere we trade FTMUSDT.P using 4H Ichimoku support/resistance levels.
Note: this is not a high probability trade, so we enter with relatively low volume and place our stop close to our entries. If markets run against us, we'll take a comfortable loss and not suffer too much.
What do we see?
In our opinion, FTM did not yet reach its target: the orange zone indicated on the chart. This zone would be our price range to look for a short entry.
Since we did not yet reach our target, we are willing to play the long. Key to this descission is the slight increase in momentum on the last high formed, RSI(14) made a higher high compared to the latest RSI high. Had we not seen this increase in momentum, although very small, this trade would not have been on our list.
Once again, prices might just as well go down further. Meaning we will get stopped out. But since we don't take crazy risks here, we're comfortable with a potential loss. In that case we'll just set an alert and trade the zone at a later time.
Remember: this is just an idea, NOT financial advice. Please do NOT take this trade, as it may run into a loss. Only take trades that fit YOUR plan and/or risk tollerance. If you did like this idea consider giving it a boost. Happy trading!
DASHUSDT.P trade idea - 4H Ichimoku levelsHere we trade 4H Ichimoku levels on DASHUSDT.P.
What do we see?
Price hit our sell zone, with what looks like bearish RSI(14) divergence. We were unfortunately a bit late on our entry. Therefore we took a quick profit, that we now can add to our position in case price goes up to test the zone again. We are willing to add to our position further at "Entry sell 2", as long as momentum is dying down.
When is this trade invalidated? Threefold: we get stopped out above the resistance level, 4H candle closes above the zone itself or RSI momentum increases.
One could still trade this zone, set your alert to 47.5 USDT and trade the reaction. Happy trading!
Remember: this is just an idea, NOT financial advice. Please do NOT take this trade, as it may run into a loss. Only take trades that fit YOUR plan and/or risk tollerance. If you did like this idea give it a boost. Happy trading!
SANDUSDT.P trade idea - 4H Ichimoku levelsHere we trade SANDUSDT using 4H Ichimoku levels/zones.
What do we see?
- price made a higher high
- RSI appears to remain bullish (higher high)
It further looks like we did not yet reach our take profit area. We might therefore expect a higher push, towards zone 1.
For our entry, we identified what looks like a gap in the 4H Ichimku conversion line (Tenkan sen, bleu line). Indicated by the arrows left on the chart. We draw a zone and yes, it looks like we did find support on that level. We enter for a long position with 25% of our budget, 1x leverage. Take profit on zone 1. Stop loss below the next support level underneath our zone.
Remember: this is just an idea, NOT financial advice. Please do NOT take this trade, as it may run into a loss. Only take trades that fit YOUR plan and/or risk tolerance. Happy trading!
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving within the uptrend channel indicated by the blue lines.
Let's start with the support line and as you can see the first support in the near future is $16967, if the support is broken then the next support is $16677, $16453 and $16222.
Now let's move on to the resistance line, as you can see we've managed to break the resistance at 0.618 Fib and we currently have resistance at $17609 if we manage to break it the next resistance will be $18199 which is very important as the previous price breakout was at the same point only when the price goes up and then positively tests this place, we can expect further increases.
Looking at the CHOP indicator, we see that in the 4-hour interval, some of the energy has been used, but we have some time to continue the move, the MACD indicator indicates the entry into a local uptrend, while the volume shows red candles, which means the advantage of sellers, however, you can see that it is she is very small.
Daily review of BTC interval 4HHello 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 $16919, if the support is broken then the next support is $16826, $16687 and $16513.
Now let's go from the resistance line, as you can see the first resistance is $17099, if you manage to break it, the next resistance will be $17288, $17446 and $17605.
Looking at the CHOP indicator, we see that we have a lot of energy in the 4-hour interval, the MACD indicator indicates a local downtrend, and the volume, as you can see, is low with no apparent advantage.
Bitcoin trade idea - 4H Ichimoku levels
When prices go up, look for shorts. Here we trade 4H Ichimoku levels.
Bitcoin price hit an important level on the 4H Ichimoku cloud ($17,209). On November 30th we wicked above the level, only to come back for a higher high on December 1st. However, on the daily and 1H chart, the increase in price lacks conviction. Price action looks rather corrective up until now.
This could potentially mean that we've just made a new swing high and are going to reverse for a new swing low.
What levels does Ichimoku give us for a potential long entry, when prices go down?
Below $16,659 we're trading below the base of the green Ichimoku cloud , which gives a higher probability for lower prices to be tested. In such a correction we might expect a reaction around the $16,360 mark. However, any price movements to the upside from that level are probably corrective, and lower lows are to be expected.
For support we look at the 4H Ichimoku levels formed end of 2020. These levels are all below the previous two lows, formed on November 9 and 21.
Breaking these lows will make a lot of traders extremely bearish . However, this is not a favorable position to short (on the break itself), as prices are trading on support. There's a higher probability of buyers stepping in on these levels, absorbing selling pressure. In that case a 'D' might be formed, rather than another impulsive move to the downside.
Without the impulse to the downside, short traders will soon find themselves in an uncomfortable position. Stops from short positions will give buying pressure, leading up to the 'E' wave to be formed.
Remember, set your alert and trade the reaction. Happy trading!
