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BTC/USDT 4HInterval ReviewHello everyone, let's take a 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. When we spread the Trend Based Fib Extension grid, we can determine the support zone from $27,652 to $27,401, then we have support at $27,089, and then we can see the price drop to the support level of $26,171. Looking the other way, you can see the resistance zone from $28,141 to $28,439, while further on you can mark the second zone from $28,751 to $29,184. Looking at the CHOP index, we see that the energy is exhausted at this moment, on the STOCH index we are high, which may result in a price drop, and on the RSI index, we are at the upper limit, which may result in a price recovery.
by cryptodailyuk
ETH/USDT Short-Term Review ChartI invite you to review the chart of ETH in pair with USDT, also on the one-hour time frame. Let's start, as in the case of BTC, by marking the local upward trend line from which the price came out lower. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and as you can see, the price remains in a strong support zone from $1,635 to $1,603, but when we fall below this zone, we may see the price drop to the support level of $1,563. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here, on the upward path, there is a strong resistance zone from $1,661 to $1,679, then we have resistance at $1,696, and then the second zone from $1,720 to $1,751. The CHOP index indicates that we have more and more accumulated energy, on the STOCH indicator we are in the process of recovery, which is also confirmed by the RSI indicator, where we could see a quick withdrawal from the upper part of the range.
by cryptodailyuk
BTC/USDT 1H Interval Short-TermHello everyone, I invite you to review the current situation on BTC in the USDT pair, taking into account the one-hour interval. First of all, we will use the yellow line to mark the local upward trend line from which the price broke down. As we can see, despite several attempts to return above this line, the price was rejected. Now we can move on to marking support areas in the event of a correction. And here, first of all, it is worth marking the support zone which stopped the current correction from $27,248 to $27,012, but when we fall below this zone, we may see a drop to around $26,710, and then a quick decline even to the support level at $25,846. Looking the other way, we can determine resistance locations in a similar way using the trend based fib extension tool. First, we will mark the resistance zone from $27,776 to $28,152, when it is overcome, we have resistance at $28,458, and then a strong resistance zone from $28,762 to $29,195. Please pay attention to the CHOP index, which indicates that the energy is gaining more and more strength, the STOCH indicator shows a quick use of energy and then a sudden increase, but looking at the RSI index, we have not exceeded the lower limit, which may still affect the next correction attempt.
by cryptodailyuk
BNB Short-Term 1HInterval ReviewHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving below the local uptrend line. After unfolding the FIb Retracement grid, we can mark a strong support zone with a price ranging from $212 to $209.7, while we still have support at $206.5. Looking the other way, there is a resistance zone from $214.9 to $215.9, then there is resistance at $217.2, another at $219.1, and then there is resistance at $221.6. Looking at the CHOP indicator, we see that there is some energy left for continuation, the STOCH indicator shows that the upper limit has been exceeded, which resulted in another recovery, and the RSI shows a pullback, which may result in a greater drop in the price.
by cryptodailyuk
BTC/USDT 4HInterval ReviewHello everyone, let's take a 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. When we spread the trend based fib extension grid, we can determine the support zone from $27,411 to $27,084, but when this zone is broken, we still have strong support at $26,141. Looking the other way, you can see that the price was rejected by the resistance at $28,156, then we have a second resistance at $28,467, and then a strong resistance zone from $28,783 to $29,218. Looking at the CHOP indicator, we can see that the collected energy is used to increase the price, but the STOCH indicator shows that we have approached the upper limit, which resulted in a recovery, while the RSI indicator has returned to the middle of the range, but there is still a lot of room for recovery.
COINBASE:BTCUSD
by cryptodailyuk
3
BNB/USDT 4HInterval ReviewHello everyone, I invite you to review the chart of BNB in pair with USDT, also on a four-hour interval. Let's start by marking with a yellow line the local downward trend line from which the price came out on top. However, at this point you can see that despite the top leaving the downtrend line, the price is moving just above it in a downward movement. As we can also see, the attempt to return above EMA Cross 200 and, consequently, to a strong upward trend was unsuccessful and we quickly returned to the previous level. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and as you can see, the price has returned to the strong support zone from $215 to $210, but if the current zone does not hold the price, we may see a drop to the strong support level of $203.4. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here, as the first resistance, we have a zone from $219 to $223, which rejected the price, only after breaking it higher will we be able to see an attempt to attack the resistance levels at $228, and then another resistance at $234.9. The CHOP index indicates that the energy has been used and we are currently experiencing a slight increase, the STOCH indicator also shows a strong depletion of energy, which has slowed down the price declines, while the RSI shows a strong deviation to the lower part of the range, which creates a lot of room for increases, but before that we may still see an attempt to go down prices a little lower.
by cryptodailyuk
BTC/USDT 4HInterval Review ChartHello everyone, I invite you to review the current situation of BTC in the USDT pair, taking into account the four-hour interval. First, we will use the yellow line to mark the downward trend lines from which the price has moved into the upward trend channel marked with blue lines. When we look at the EMA Cross 200, we see that the price remains above the blue 200 moving average line, which indicates that the uptrend is continuing. Now we can move on to marking support areas in the event of a correction. And here, first of all, it is worth marking the support zone in which the price currently ranges from $27,711 to $27,180, but when we fall below this zone, we may see a drop to the area of the second zone from $16,309 to $25,682. Looking the other way, we can determine resistance locations in a similar way using the Fib Retracement tool. As you can see, the price after crossing the resistance at $28,190 and touching the upper border of the channel was quickly reversed, but when we manage to break above this resistance, we can see an attempt to increase towards the strong resistance zone from $29,087 to $30,219. Please pay attention to the CHOP index, which indicates that after the previous strong exhaustion, we are trying to rebuild energy, on the STOCH indicator we are clearly moving towards the lower limit, which confirms the sideways trend and energy collection, while on the RSI indicator, despite the recovery, we returned to the middle of the range, which indicates that there is still room for the price to be brought down.
by cryptodailyuk
3
BTC Short-Term Review ChartHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price is struggling to stay on the local upward trend line. After unfolding the Trend Based Fib Extension tool, we see that the price is based on the support zone from $27,407 to $27,089, but when we fall below this zone, we can see the price quickly return to the support zone at $26,169. Looking the other way, we see that the first resistance is at $27,888, then the second resistance at $28,167, the third resistance at $28,580, and then we have a strong resistance zone from $28,879 to $29,309. Looking at the CHOP indicator, we see that a lot of energy has been accumulated for the move, the STOCH indicator indicates that most of the energy is exhausted, which has slowed down the decline, but the RSI indicator still shows room for the price to go lower.
by cryptodailyuk
1
LTC/USDT 4HInterval ReviewHello everyone, I invite you to review the LTC/USDT chart on a four-hour interval. As we can see, the price remains above the local upward trend line marked in yellow. At this point, it is also worth marking the first and currently second attempt to exit the moving average above 200, which indicates a return to the upward trend, but now the price must remain above the blue line. When we unfold the FIb Retracement grid, we see the first support at the level of $66.24, then we can mark a strong support zone from $64.60 to $63.28, then support at the levels of $61.97, and then another support at the level of 60, $08. Looking the other way, we immediately see that the price has been rejected from the strong resistance at $67.95, and when it overcomes it, it must face another strong resistance at $70.74 before further increases. When we look at the CHOP index, we can see that the recovery affects the gathering of energy, the STOCH indicator shows that despite the decline, the recovery creates room for stronger upward price movements, while the RSI indicator has not reached the upper limit, which may indicate that the price will try to increase again when BTC will stay around $28,000.
by cryptodailyuk
ETH/USDT 1DInterval Review ChartHello everyone, I invite you to review the ETH pair to USDT chart, also on a one-day time frame. First of all, we can use the blue lines to mark the downward trend channel in which the price has been moving for a long time, while locally, using the yellow line we can mark the downward trend lines from which the price has gone up, but here you can see that after crossing the blue line EMA Cross 200 the price was quickly withdrawn, which confirms the continued downward trend. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and as you can see, the price has left the strong support zone from $1,664 to $1,535, only when it falls below this zone can we see a drop to the support level of $1,369. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here we can see the price retreating before the resistance level at $1,765, then we have a visible resistance zone from $1,838 to $1,910, only after breaking upwards from this zone should the price attempt to attack the levels of $2,013 and then the level of $2,143. The CHOP Index indicates that most of the energy has been used. The STOCH indicator shows that the upper limit has been exceeded, which has exhausted the energy and resulted in a price recovery, while the RSI indicator, despite the increase, still shows room for the price to go higher, which indicates that when the energy regains, we may see another upward movement.
by cryptodailyuk
4
BTC growth, what's next?Hello everyone, I invite you to review the current situation of BTC in the USDT pair, taking into account the one-day time frame. First, we will use the yellow line to mark the downward trend line and, as we can see, the price has moved upwards from this line, and we can also see that in the same place the price has broken the blue EMA Cross 200 line, which indicates a return to the upward trend. Now we can move on to marking support areas in the event of a correction. And here, after unfolding the Fib Retracement grid, we first have support at the level of $27,483, and then we need to mark a very strong support zone from $26,284 to $24,777. Looking the other way, we can determine resistance areas in a similar way. First of all, we will mark the resistance that the price is currently struggling with at the level of $28,360. As you can see, at the moment the price has returned to this level, only when it is positively tested will it move towards the resistance zone from $29,175 to $30,337. and then we have strong resistance at $31,819. Please pay attention to the CHOP index, which indicates that most of the energy has been used, the STOCH index also exceeded the upper limit, which resulted in the inhibition of the upward movement, but the RSI index shows an increase, but with room for the price to go further, which is worth taking into account .
by cryptodailyuk
2
DOT/USDT 4H interval Review ChartHello everyone, let's take a look at the DOT to USDT chart on a 4-hour time frame. As you can see, the price has broken out of the downward trend line and is currently fighting with EMA Cross 200 to return to the strong upward trend. After unfolding the Trend Based Fib Extension grid, we have a visible support zone from $4.13 to $4.07, and then there is a strong zone from $4.03 to $3.98. Looking the other way, you can see that the price is fighting a strong resistance at $4.19, and when it overcomes it, it must pass a second resistance at $4.26 before further increases. Looking at the CHOP indicator, we see that most of the energy has been used, while the STOCH indicator and the RSI indicator indicate that the upper limit has been exceeded, which may slow down the current growth and provide a moment of relief.
by cryptodailyuk
2
BNB Short-Term Review 1HHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the Fib Retracement grid, we can mark support at $215, while if we fall lower, we can see the price return to the support zone from $210.8 to $208.9. Looking the other way, we see that the price is in a strong resistance zone from $215.7 to $218.2, and when it breaks it, it has strong resistance at $221.3. Looking at the CHOP indicator, we see that there is still energy to continue the movement, but on the STOCH indicator, the energy is used up in the short term, which may result in a temporary sideways trend or a small recovery.
by cryptodailyuk
2
BTC/USDT 4HInterval Review ChartHello everyone, I invite you to review the BTC to USDT chart taking into account the four-hour interval. First, we will use blue lines to mark the local triangle in which the price is approaching the exit direction. When we turn on EMA Cross 200, we can see that the price is struggling to stay in an upward trend above EMA Cross 200. Now let's move on to the distribution of the Fib Retracement grid, and here you can see that the price is based on the support zone from $26,879 to $26,500, when it falls below this zone there is a second support zone from $25,883 to $25,463, and then there is strong support at the price of $24,902. Looking the other way, in a similar way we can check the resistance areas and here immediately above the price there is a strong resistance zone from $26,915 to $27,461, only when we manage to get out of it and test positively, we can see an increase to the resistance level at $28,162. Please pay attention to the CHOP index, which indicates that there is still energy to continue the correction, the STOCH indicator is still in the upper part, which may also indicate a deepening correction, while the RSI index, despite the recovery, has room for the price to go a little lower.
by cryptodailyuk
1
ETH/USDT Short-Term ReviewHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price quickly came back and is currently staying just above the downtrend line. After unfolding the trend based fib extension grid, we see that we have a strong support zone from $1,594 to $1,581, and then a second zone from $1,568 to $1,551. Looking the other way, you can see that the price is struggling with resistance at $1,600, but we still have an important zone from $1,627 to $1,639. Looking at the CHOP indicator, we can see that the energy in the downtrend has been used, while the STOCH indicator also shows the energy used for the price drop, which may result in another increase.
by cryptodailyuk
3
BNB/USDT 4H ReviewHello everyone, I invite you to review the chart of BNB in pair with USDT, also on a four-hour interval. First of all, we can use the blue lines to mark the triangle in which the price is moving, what's more, at this point we can see that the price quickly dropped from the place where we touched the blue ema cross 200 line, remaining in a downward trend. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and as you can see, we can first mark the support zone from $210 to $207, while we still have strong support at $204. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here the first resistance zone starts at $215 and ends at $219, then we have the second zone from $223 to $228, and then strong resistance at $234. The CHOP index indicates that the energy has been used and is currently slowly growing, the RSI showed an increase and now a strong recovery is visible, while the STOCH index also exceeded the upper limit, which resulted in a strong price recovery.
by cryptodailyuk
1
BTC/USDT 4H Interval Review ChartHello everyone, I invite you to review the current situation of BTC in the USDT pair, taking into account the four-hour interval. First, we will use blue lines to mark the sideways trend channel in which the price approached the upper limit. At this point, it is worth determining the height of the channel, because when the price confirms the upper exit and tests it, the increase may be similar to the height itself. Next, it is worth marking the local downward trend line from which the price dynamically went up. Now we can move on to marking support areas in the event of a correction. And here, after unfolding the Fib Retracement grid, it is worth marking the support zone from $26,513 to $26,200 first, but when we fall below this zone, we have a second strong zone from $25,893 to $25,462, and then strong support at $24,909. Looking the other way, we can determine resistance areas in a similar way. First, we will mark a strong resistance zone, in front of which the price is located from $26,910 to $27,453, when the price breaks out of this zone and then holds it, we can see an attack on the resistance at the price of $28,151 before further increases. At this point, it is worth turning on EMA Cross 200 and, as we can see, the price was above the moving average of 200, which indicates a return to the upward trend, but it is important that this level is positively tested. Please pay attention to the CHOP index, which indicates that there is still some energy left, the RSI shows a visible increase and there is some room for the price to go higher, but the STOCH index clearly shows that the upper limit has been clearly exceeded, which also resulted in a deceleration of the growth and a visible rebound in order to regain gathering energy.
by cryptodailyuk
5
BTC/USDT 4HInterval Review Hello everyone, I invite you to every Friday cryptocurrency review. Let's start by checking the current situation on the BTC to USDT pair, taking into account the four-hour interval. First, we will use the yellow line to mark the downward trend line from which the price has gone up and is currently staying just above the line. However, it is still worth marking the side trend channel to which the price has returned with blue lines. Now we can move on to marking support areas in the event of a correction. And here, first of all, it is worth marking the support zone from $26,233 to $25,851, but when we fall below this zone, we have a second strong zone from $25,468 to $24,920, and then support at $24,218. Looking the other way, we can determine resistance locations in a similar way using the trend based fib extension tool. First, we have resistance at $26,647, then it is worth marking the resistance zone from $27,019 to $27,329, when the price breaks it, we have the second zone from $27,629 to $28,073, and then resistance at $28,631. Please pay attention to the CHOP index, which indicates that the energy in the downward movement has been used up and is currently slowly growing, the RSI showed a rebound to the lower limit and we are currently rebounding, while the STOCH indicator also confirmed the exhaustion of energy in the downward movement, which stopped a further price decline in this movement.
by cryptodailyuk
BNB/USDT 1H Review ChartHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price has fallen below the local uptrend line. After unfolding the Fib Retracement grid, we see that the price remains just above the support zone from $210 to $207, but when we fall lower, the next support is at $203. Looking the other way, we see that the resistance at the level of $212 rejects the price, but then we have a significant resistance zone from $216 to $218, and then the resistance at the level of $221. Looking at the CHOP indicator, we see that there is still a lot of energy for the move, and on the RSI indicator, despite a very small increase on the chart, we see an increase on the indicator, which may result in a small price increase in the coming hours.
by cryptodailyuk
2
BTC/USDT 1H Chart Review Short-TermHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As we can see, the price breaks sideways from the local upward trend line. When we unfold the Fib Retracement grid, we see that the price maintains support at $26,513, while it is worth marking the support zone from $25,897 to $25,454. Looking the other way, we will similarly check the resistance areas and here we can see that the first resistance appears at the level of $26,624, then we have a resistance zone from $27,067 to $27,255, and then resistance at the level of $27,506. Looking at the CHOP indicator, we see that there is still a lot of energy for the upcoming move, while on the RSI indicator, despite a slight price movement, we see a visible increase, which reduces the scope for possible increases in the coming hours.
COINBASE:BTCUSD
by cryptodailyuk
1
BNB/USDTShort-Term 1H ReviewHello everyone, I invite you to review the BNB/USDT chart. As we can see, the price has broken down from the upward trend channel, and currently we remain below the downward trend line, and what's more, when we look at the EMA Cross 200, we see that we have also fallen below the moving average, which means a return to the downward trend. Let's start by marking support points for the price and we can see that first we have a support zone in which the price stays from $212 to $209, but if the price drops lower, the next support is at $206.4. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the current rebound was reversed before it reached the first resistance zone from $213 to $215, then we have resistance at $217.8, and then a strong resistance zone from $219 to $222, where the price ended the previous move growth. The CHOP Index indicates that most of the energy is currently being used. On the RSI, we are reflecting from the mid-range border, at which the price is declining, while on the STOCH indicator we have confirmation that when the energy reached the upper limit, the price rebounded and we are currently in the energy loading trend.
by cryptodailyuk
2
ETH/USDT 1HInterval Review ChartHello everyone, I invite you to review the ETH pair to USDT chart, also on a one-hour time frame. First, using the yellow line, we will mark the local upward trend from which the price broke down. At this point we can see that the break from the trend line also resulted in a drop below the EMA Cross 200, indicating a return to the downtrend. Now let's move on to marking the support places. We will use the Trend based fib extension tool to mark supports, and as you can see, first we can mark the support zone from $1,583 to $1,560, but if we fall below this zone, we may see a drop to the strong support level of $1,530. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here you can see that the price has been reduced by the resistance at the level of $1,600, when it overcomes it we have the second resistance at the level of $1,620, then we have the third resistance at the level of $1,637, and going further, it is worth defining a strong resistance zone from $1,654 to $1,677. The CHOP Index indicates that most of the energy has been used. the RSI indicator shows an increase towards the middle of the range, which indicates that there is still room for price increases, while the STOCH indicator has exceeded the upper limit and we are currently recovering and gathering energy for a new move, which confirms that the growth on the chart has stopped.
by cryptodailyuk
BTC Short-Term 1HInterval ReviewHello everyone, I invite you to review the BTC to USDT chart, taking into account the short time frame of one hour. First, we will use the yellow line to mark the downward trend from which the price has gone up, entering the upward trend channel which we can use the blue lines to define. As we can see, the price is moving at the lower border of the mentioned channel. When we turn on the EMA Cross 200, we can see a drop below the blue moving average line 200, with which the price is currently struggling to stay in the upward trend. Going further, we will check support areas for the price when the correction begins to deepen. For this purpose, we will use the Trend Based Fib Extension tool and after unfolding the grid, we see that the price remains in the support zone from $26,725 to $26,249, when we exit the upward channel at the bottom and fall below this zone, we have a second support zone from $25,861 to $25,472 , and we still have strong support at $24,930. Looking the other way, we can determine resistance areas in a similar way. And here you can immediately see that just above the current support zone, a strong resistance zone begins from $26,840 to $27,371, only when the price breaks out of it and maintains it positively, will we see a move towards the support at $28,044. Please pay attention to the CHOP index which indicates that we have a lot of energy to use, the RSI shows a visible increase towards the middle of the range, which indicates that there is still a lot of room for a price increase, but at this point it is worth looking at the STOCH indicator where the energy was used in an upward movement, which is why you should be careful because it may result in another price rebound or, in a better scenario, a temporary sideways trend.
by cryptodailyuk
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