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SOL - USDT 4HChart, 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 below the local downtrend line. Let's start with the support line and as you can see the price is currently based on the support at $20.30, if the support is broken we can see a rapid drop to around $16.29. Now let's go from the resistance line, as you can see the first resistance is $21.38 if you manage to break it the next resistance will be $22.46, 23.26 then a strong resistance zone from $24.10 to $25.28 . Looking at the CHOP indicator, we see that the energy is exhausted, the MACD is on the verge of returning to an uptrend, while the RSI is moving in the lower range and there is room for growth.
by cryptodailyuk
3
Daily review of BTC interval 4HHello everyone, I invite you to review the chart of BTC vs USDT, taking into account the four-hour interval. First, we will use the yellow line to mark the local uptrend line from which the price went down. Now we can move on to marking the support and here in the first place it is worth marking the support zone from $ 21239 to $ 20421, but when we fall below this zone, we can see a drop even around $ 18041. Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. And here we have the first resistance at the price of $22158, when it manages to break it, the price will have to break through the strong zone from $22581 to $23662. Once this zone is broken, the price will move towards its latest high at $24,261. Please note the CHOP index which indicates that the energy has been used up and is slowly starting to rise, the MACD indicator indicates a downtrend, while the RSI indicator is moving at the lower end of the range.
by cryptodailyuk
Daily review of ETH interval 4HHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price has fallen below the local uptrend channel. Let's start with setting support and here we immediately see that the price is in a strong support zone from $ 1560 to $ 1518, if the price goes lower we can see a quick drop to around $ 1396. Now let's move on to the resistance ETH is facing, we can see that we have a strong resistance zone from $1621 to $1674, then it will meet resistance at $1716. Looking at the CHOP indicator, we can see that the energy has been used up for the last fall, the MACD indicates a local downtrend, while the RSI has touched the lower range, which gives us room for new highs.
by cryptodailyuk
Daily review of BTC interval 4HHello 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 stopped is $21890, if the support is broken then the next support is $21237 and $20412. Now let's move to the resistance line, as you can see the first resistance is $22443, if you manage to break it, the next resistance will be $22806, then we have a strong resistance zone from $23078 to $23368 and then resistance at $23731. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates a local uptrend, while the RSI has a strong rebound.
by cryptodailyuk
1
USDJPY 4H: 09/02/2023: Short opportunity! Main Idea: Well, here in the USDJPY chart we can see the bearish structure and we can expect the price to move downward. For that, the price can rise till the supply zone and then with a low time frame confirmation, we can enter. You can see all the important zones and levels on the chart. If you have questions, feel free to ask. 💡Wait for the update! 🗓️09/02/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
1
DOT / USDT 4H CHART - Targets and Stoploss!Hello 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, first we have a support zone from $6.66 to $6.57, if the support is broken then the next support is $6.45 and $6.29. Now let's move on to the resistance line, but first we have a resistance zone of $6.82 to $6.95, if we manage to break it, the next resistance will be $7.08 and $7.27. Looking at the CHOP indicator, we see that most of the energy has been used, the MACD is close to entering a downtrend, while the RSI indicates a strong reaction, which creates room for increases.
by cryptodailyuk
1
Daily review of BTC interval 4HHello everyone, I invite you to check the current situation on the BTC pair to USDT, taking into account the four-hour interval. In the first place, we can mark the uptrend line from which the price went down, while locally we move in the downtrend triangle. Now we can move on to marking the places of support in case of deepening the correction. And here, in the first place, it is worth marking the support zone from $ 22,797 to $ 22,342, however, when we fall below this zone, we can see a drop to around $ 21,888, and then to the support zone from $ 21,227 to $ 20,400. Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. We will first mark the resistance zone from $23,458 to $23,923, when we manage to break it, we will move towards the resistance at $24,274 and then $25,276. Now let's pay attention to the EMA Cross 10 and 30, we can see exactly where the red line of the EMA Cross 10 crossed the green line of the EMA Cross 30 from above, which confirmed the entry into the downtrend. Please pay attention to the CHOP index which indicates that the energy has been used, the MACD indicator confirms the entry into the local downtrend, while the RSI shows a visible rebound, which may give room for new increases.
by cryptodailyuk
1
DOT / USDT 4H CHART - Targets and Stoploss!Hello everyone, let's look at the DOT to USDT chart on a four-hour time frame. 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 support in the near future is $6.60, where the price is moving, the next support is $6.46 and $6.04. Now let's move on to the resistance line, first we will mark the resistance zone from $6.85 to $7.01, if you manage to break it, the next resistance will be $7.14, $7.27 and $7.45. Looking at the CHOP indicator, we see that the energy is currently being used for price correction, the MACD indicates a local downtrend, while the RSI has a strong rebound, which creates room for new increases.
by cryptodailyuk
1
SOL - USDT 4HChart, targets and stoplossHello everyone, let's look at the SOL to USDT chart on a 4-hour time frame. As you can see, the price is moving in the local uptrend channel. Let's start with the determination of the support line and as you can see, in the first order, it is worth marking the support zone from $ 24.33 to $ 23.55, if the support is broken, then the next support is $ 22.79, then we have the second support zone from $ 21.70 up to $20.33.. Now let's move on to the resistance line, and here again we will start by marking the resistance zone from $25.16 to $25.87, if we manage to break it, the next resistance will be $26.81, and then around $29.44. Looking at the CHOP indicator, we see that there is some energy left for the next move, the MACD indicates the limits of the return to the local uptrend, while the RSI is moving in the middle of the range and tries to break above the downtrend line.
by cryptodailyuk
2
Daily review of ETH interval 4HHello everyone, I invite you to review the chart of ETH in pair to USDT, on a four-hour interval. First of all, using the blue lines, we can mark the uptrend channel in which the price is currently moving. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and as you can see we have the first support at $1562, the second support at $1468, the third at $1392, and then we can mark the strong support zone from $1319 to $1208. 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 $1666 which is the so-called golden point of 0.618 Fib, the next resistance is at the price of $1827 and then the third resistance at the price of $2032. When we turn on the EMA Cross 10 and 30, we can see that they indicate an uptrend. The CHOP index indicates that the energy has been used. The MACD indicator is on the verge of entering a local downtrend. On the other hand, we see a rebound on the RSI, but we remain in an uptrend.
by cryptodailyuk
BNB / USDT 4H INTERVAL, Support and ResistanceHello everyone, welcome to a review of the BNB chart on a four-hour time frame. As we can see, the price has broken the downtrend lines, while currently we will use the blue lines to mark the uptrend channel in which the price is moving. Let's start by marking the support spots for the price and we see that we first have a support zone from $308 to $292, but if the price goes lower, we have another support at $278, then at $264 and another support at $245 . 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 resistance at $330 equal to 0.618 Fib. We continue to have strong resistance at $360, once the price breaks it it will move towards resistance at $398. The CHOP index indicates that the energy has been consumed and is slowly rising, the MACD indicates an uptrend is maintained, while the RSI is moving in the upper part of the range on the edge of the downtrend line, which may indicate a temporary correction.
by cryptodailyuk
Daily review of BTC interval 4HHello 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 blue lines to mark the local uptrend 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, in the first place, it is worth marking the support zone from $ 23,361 to $ 22,779, but when we fall below this zone, we can see a drop to around $ 21,883 and even $ 20,406. 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 $23,769 to $24,209, when we manage to break it, we have a second zone from $24,445 to $24,744. Once these two zones are broken, we will move towards resistance at $25,121 and then $26,221. Please pay attention to the CHOP index which indicates that most of the energy has been used, the MACD indicator indicates entering a local downtrend, while the RSI shows a visible rebound, which may give room for new increases.
by cryptodailyuk
2 overlapping 4hr chart bullish patterns on ethusdWe can see a bit of a pump in price action on the 4hr chart for ether here. It appears to be breaking above the neckline of an inverse head and shoulders pattern(in yellow). Of course many times these patterns do not trigger their breakout on the first break above the neckline but rather dip back below it and wait until the 2nd or sometimes even 3rd break back above the neckline before confirming the breakout. Always a chance though this one could confirm on the first candle break above the neckline so its always wise to prepare for all possibilities. If it does indeed trigger the breakout of this 4hr inverse h&s pattern, the measured move target should carry price action above the neckline of a slightly larger double bottom pattern (in green). We’re this to happen, it could very well then flip that green neckline from resistance to support upon retesting it, thus triggering a double bottom breakout next which would take us to the green price target. Of course it could also trigger the breakout of the double bottom without retesting the green neckline, or it could break back below the green neckline and not actually trigger the double bottom breakout until the 2nd or even 3rd time above the green neckline (just like with the yellow inv h&s neckline)If I remember to be open to all of these possibilities, await for confirmation, and then make my move I’m sure I will play these 2 patterns wisely. We must also remember that a fakeout of the double bottom pattern or both patterns is also a possibility as well. The resistances/supports, price candles, and volume candles, should clue us into into which one of these possibilities will be the ultimate outcome soon enough *not financial advice*
BITSTAMP:ETHUSD
by DrDovetail
4
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 in the channel marked with yellow lines. Let's start with the support line and as you can see the first support in the near future is $1576, if the support is broken then the next support is $1557, $1542 and $1527. Now let's go to the resistance line, as you can see the first resistance is $1607 where the price turned around, the next resistance will be $1623, $1647 and $1678. Looking at the CHOP indicator, we see that energy has been used for the recent move, the MACD indicates a local downtrend, while on the rsi we see a rebound after a rebound.
by cryptodailyuk
1
Daily review of BTC interval 4HHello everyone, I invite you to review the chart of BTC vs. USDT on a four-hour timeframe. As we can see, the price is moving in the local pattern trend channel. Now let's move on to marking the support points that the price has in case of further declines. And we can see that the first support is at $22955, the second support at $22679, if the price goes lower we can see a drop to around $21873 in line with the pattern being formed. Looking the other way, in a similar way, we can determine the places of resistance that the price has to face. As you can see, we have the first resistance at $23,305, the second resistance at $23,509, the third resistance at $23,663, and then a strong resistance zone from $23,842 to $24,078. It is worth watching the EMA Cross here, because we can see that the red EMA Cross 10 line turns around and when it crosses the green EMA Cross 30 line from above, we can see the entry into a downtrend. The CHOP index indicates that the energy is gathering strength, the MACD indicates a local downtrend, while the RSI has a healthy rebound, which may make room for new increases.
by cryptodailyuk
1
Daily review of ETH interval 4HHello 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 $1604, if the support is broken then the next support is $1578, $1560 and $1540. Now let's move to the resistance line, as you can see the first resistance is $1627, if you manage to break it, the next resistance will be $1648, $1674 and $1751. Looking at the CHOP indicator, we see that we have a lot of energy for the next move, the MACD indicates a local uptrend, while the RSI indicates an uptrend and the upper part of the range.
by cryptodailyuk
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 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 $23003, if the support is broken then the next support is $22846, $22700 and $22480. Now let's go from the resistance line, as you can see the first resistance is $23092, if you manage to break it the next resistance will be $23270, $23447 and $23698. Looking at the CHOP indicator, we see that there is still energy for a new move, the MACD indicates a local downtrend, while the RSI has a rebound and is moving in a downtrend.
by cryptodailyuk
Daily review of ETH interval 4HNow let's move on to the chart of ETH against USDT, also on a four-hour time frame. And here we can start by identifying with the yellow lines the triangle in which the price is moving. Going further, we see that we have the first support at $1602, the second support at $1579, the third at $1560, the fourth at $1540 and the fifth at $1514. Looking the other way, we can also identify places where the price may encounter resistance. And here we have the first resistance at $1613, the second resistance at $1628, the third at $1648 and the fourth at $1675. As we can see, EMA Cros indicated entering a local downtrend, but now it should be observed whether EMA Cross red 10 will cross the green line from below, which may be a confirmation of entering a local uptrend. The CHOP index indicates that we have more and more energy for the next move, the MACD indicates entering a local uptrend, while the RSI has changed the direction of the trend to an upward one.
by cryptodailyuk
Daily review of BTC interval 4HHello everyone, I invite you to the Friday cryptocurrency review. Let's start by checking the situation on BTC in pair to USDT on a four-hour interval. First of all, it is worth marking the uptrend channel in which the price is moving, while locally we are moving under the downtrend line. Now let's move on to determining the support places for the price and here, using the trend based fib extension tool, we can mark the first support at $ 22,750, if it is broken, we have the second support at $ 22,078, and the third at $ 20,989. Looking the other way, in a similar way, we can identify resistance points for the price, and as you can see, the first resistance is at $22995, at which the price turns around when we break it, the second resistance will appear at $23,438, the third strong resistance at $23,782 and fourth at $24,126. Let's also pay attention to the CHOP index, which indicates energy depletion, the MACD indicates a local downtrend, while the RSI shows a rebound and a downtrend.
by cryptodailyuk
1
Daily review of ETH interval 4HHello everyone, let's look at the ETH to USDT chart on a 4-hour time frame. As you can see, the price is moving in a triangle and is getting closer to leaving it. Let's start with the support line and as you can see the first support in the near future is $1562, if the support is broken then the next support is $1542, $1515 and $1480. Now let's move to the resistance line, as you can see the first resistance is $1583, if you manage to break it, the next resistance will be $1600, $1615 and $1630. Looking at the CHOP indicator, we see that there is some energy left for further movement, the MACD indicates entering a local downtrend, while the RSI shows a rebound and a downtrend.
by cryptodailyuk