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Will BTC hold up for collection?Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As we can see, the price remains at the upper limit of the downtrend channel Let's start by determining the support line and as you can see, the first support on which the price is based is $66,150, if the support is broken, the next support is $62,510, then at $59,824, and then the fourth very strong support at the lower border of the channel at $56,532 . Looking the other way, there is significant resistance at $68,248, and then just above the downtrend channel, there is a strong resistance zone from $72,012 to $74,000. There is a visible downward trend on the RSI indicator, and each rebound gives room for another price drop, while on the STOCH indicator we remain at the lower limit, which should help maintain the price.
by cryptodailyuk
BTC/USDT 1HInterval Chart ReviewHello 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 moving in the lower part of the channel marked with white lines. Let's start by determining support and here, first of all, you can see a strong support zone from $67,238 to $66,289, while further support is visible at a level close to $65,000. Now let's move on to determining the resistance points. And here we see resistance at the level of $68,240, then we have a second resistance at $69,299, and then the resistance zone from $70,041 to $70,959 is important, only when the price positively tests it will we be able to see new increases. Looking at the EMA Cross 50 and 200 indicator, they indicate the continuation of the local downward trend. The RSI indicator, which remains near the middle of the range, has room for movement in both directions, while the STOCH indicator remains in the upper part, which may again translate into a recovery movement.
by cryptodailyuk
ETH fighting against strong resistanceHello everyone, let's take a look at the ETH to USDT chart on a one-day time frame. As you can see, the price is currently bouncing off the downtrend line. Let's start by determining the support line and as you can see, the first support in the near future is $3,530, then you can see support at $3,250, and then we have a strong support zone from $3,046 to $2,796 Now let's move on to determining the resistance points. And here we must start by identifying a very strong resistance zone from $3,821 to $4,110, only when we manage to break out and positively test this zone, we can see a move towards the resistance at $4,917. Looking at the EMA Cross 50 and 200 indicator, they still indicate that the strong upward trend is maintained. There is still room for growth on the RSI indicator, while the STOCH indicator shows a move towards the upper limit, so you should be careful and take into account a possible recovery.
by cryptodailyuk
BTC/USDT 4HInterval Chart ReviewHello everyone, let's take a look at the 4H BTC to USDT chart as we can see that the price has bounced off the upper boundary of the downtrend channel, potentially giving room for a stronger downward move. However, if BTC tries to exit the channel again, the price must overcome a very strong resistance zone from $71,959 to $73,853. However, after breaking above this resistance zone, an upward impulse to the area of ​​$83,029 will be possible. Now let's move on to the stop loss in case of further market declines: SL1 = $68,378 SL2 = $66,144 SL3 = $62,363 SL4 = $60,014 AND SL5 = $56,634 Looking at the RSI indicators and the STOCH indicator, you can see how both of these indicators rebounded from the upper limit, which resulted in a downward price movement, with room for the price to recover more. It is worth mentioning here that the RSI indicator has approached the upward trend line, which is worth watching because relying on it may again result in an upward movement.
by cryptodailyuk
1
PreLondon Friday analysis☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
BITSTAMP:BTCUSD
by Yelli_trades
BTC/USDT 4HInterval CHART 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 rebounded from the lower border of the downtrend channel. Let's start by determining the support line and as you can see, the first support in the near future is $57,035, which kept the price from a major correction, if the support is broken, the next support is $54,139. Now let's move on to the resistance line, as you can see the first resistance is $59,506 which we are currently fighting, if you manage to break it, the next resistance will be at $61,380, the third at $62,658 and the fourth at $64,334. Looking at the RSI indicator, there is a rebound, but there is still room for the price to go higher, while the STOCH indicator is also near the middle of the range, which potentially gives room for the price to go up even further.
by cryptodailyuk
End of the week - Market analysis☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
by Yelli_trades
✅ Daily Market Analysis - 01 MAY 2024Economic events: USA - ADP Nonfarm Employment Change (Apr) USA - S&P Global US Manufacturing PMI (Apr) USA - ISM Manufacturing PMI (Apr) USA - ISM Manufacturing Prices (Apr) USA - JOLTs Job Openings (Mar) USA - Crude Oil Inventories USA - FOMC Statement USA - Fed Interest Rate Decision USA - FOMC Press Conference On Tuesday, the S&P 500 underwent a decline, terminating its five-month streak of consecutive gains. This downturn was propelled by apprehensions surrounding inflation, ignited by data highlighting wage pressure. Concurrently, this development aligns with the commencement of the Federal Reserve's two-day meeting. The Dow Jones Industrial Average witnessed a decline of 570 points, equating to a 1.1% decrease, while the S&P 500 experienced a 1.5% drop, and the NASDAQ Composite saw a 2% downturn. Particularly noteworthy is the S&P 500's recording of a 3% loss for the month. NDX, SPX, and DJI indices daily chart The escalation in US labor costs throughout the first quarter exceeded expectations, primarily propelled by rising wages and benefits. This development has revived apprehensions regarding inflation, particularly amid a diminishing investor confidence in potential Federal Reserve rate reductions. As per the Employment Cost Index, labor expenses surged by 1.2% in the preceding quarter, following an unrevised 0.9% uptick in the quarter prior. On a year-over-year basis, labor costs climbed by 4.2%. This report emerges following recent data indicating a buildup of price pressures in the initial quarter, amplifying concerns surrounding inflation. The downtrend of EUR/USD persists for the second consecutive day, with the pair hovering around the 1.0650 level during Asian trading hours on Wednesday. Amid European market closures in observance of Labour Day, market participants eagerly anticipate the Federal Reserve's forthcoming policy decision. EUR/USD daily chart Despite the release of robust Eurozone data on Tuesday, the Euro encountered challenges in sustaining its upward trajectory. Notably, Eurozone GDP surpassed expectations, expanding by 0.3% in the first quarter. Moreover, the Harmonized Index of Consumer Prices (HICP) exhibited stable year-over-year growth, meeting anticipated levels. However, the core HICP, excluding food and energy prices, exhibited a softening trend, albeit still surpassing estimates. Investor sentiment remains optimistic regarding the possibility of interest rate cuts by the European Central Bank in June, as a majority of ECB policymakers have signaled their endorsement for such measures. On Tuesday, the Japanese Yen incurred notable losses against its American counterpart, reversing a significant portion of the gains witnessed the previous day, driven by the potential intervention by Japanese authorities. The primary contributor to the JPY's weakness is the substantial interest rate differential between Japan and the United States, a trend expected to persist in the foreseeable future. This, combined with heightened demand for the US Dollar, propelled the USD/JPY pair higher during intraday trading. USD/JPY daily chart Following the publication of the AiG Industry Index on Wednesday, indicating a continued contraction in Australia's private business activity for March, the Australian Dollar remains subdued. Despite this, market sentiment suggests that the Reserve Bank of Australia will maintain its current interest rates of 4.35% in the upcoming meeting scheduled for next week. The Australian Dollar faced additional downward pressure following the release of disappointing Aussie Retail Sales data on Tuesday, raising speculation about its potential impact on the RBA's interest rate stance. However, optimism stemming from higher-than-anticipated domestic inflation figures from the previous week has led to speculation that the central bank might delay any decisions regarding interest rate cuts. AUD/USD daily chart During the early Asian session on Wednesday, the NZD/USD pair faces selling pressure around the 0.5880 level. The New Zealand Dollar depreciates in response to worse-than-expected employment data from New Zealand. NZD/USD daily chart In the first quarter of this year, New Zealand faced a notable increase in its unemployment rate amidst a prolonged recession compounded by high-interest rate conditions. According to Statistics New Zealand's report on Wednesday, the nation's Unemployment Rate rose to 4.3% in Q1 from 4.0% in Q4, surpassing market expectations of 4.2%. Simultaneously, Employment Change figures recorded a decrease of 0.2% in Q1, contrasting with the previous reading's 0.4% rise and falling short of the projected 0.3% increase. The upsurge in the unemployment rate may prompt the Reserve Bank of New Zealand to uphold its elevated rate for an extended duration to counter inflationary pressures. Market sentiment suggests that the RBNZ is inclined to maintain a restrictive Official Cash Rate, with any potential for rate cuts unlikely until 2025. As the Federal Reserve initiates its two-day policy-setting meeting, market consensus leans towards the central bank maintaining its benchmark interest rate within the current range of 5.25%-5.50%, a level sustained since July. Investors are particularly attentive to Federal Reserve Chair Jerome Powell's subsequent remarks following the monetary policy statement. These remarks are expected to carry substantial significance, with investors keen to glean insights into Powell's alignment with the market's less dovish perspective on the rate outlook.
by FOREXN1
1
BTC/USDT 4HInterval Chart 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 came out of the local upward trend line. Let's start by determining the support line and as you can see, the first support in the near future is $64,988, when the price comes out the bottom, the next one is at $63,198 and then at $60,780. Looking further, we can see two important support zones from $59,393 to $57,736 and the other from $55,543 to $53,976. Looking the other way, you can see resistance at the level of $68,928 and another one at $71,390, then the resistance zone from $73,225 to $75,642 is important, where the recently formed price peak is located, only when the price leaves it the top can move towards the resistance at level of $82,402. Looking at the RSI indicator, you can see the moment of breaking from the support line, while the STOCH indicator can be seen falling below the lower limit, which confirms the current decline.
by cryptodailyuk
Will BTC maintain its price in the previous ATH zone?Hello everyone, I invite you to review the situation on BTC. As you can see, the price is struggling to maintain the level above the previous ATH, you should observe the behavior and be vigilant because just above a specific zone there is a very strong resistance level where the price should reach according to cyclicality. The RSI indicator and the STOCH indicator show that we are maintaining the movement above the upper limit, which could potentially result in a recovery that would provide a healthy correction and gather energy for new increases.
by cryptodailyuk
🛢 CL OIL, H4 🛢 27 March 2024🛢 CL OIL, H4 🛢 27 March 2024 Crude oil prices retreated from significant resistance levels as market sentiment remained tepid ahead of key events. Investors opted to shed high-risk commodities amidst lingering uncertainties. However, losses were tempered by concerns over potential supply disruptions, notably after Russia's directive to companies to curtail output in line with OPEC+ commitments. With US crude inventories registering a significant uptick, attention shifts to the upcoming EIA Oil inventories release and broader economic performance for crucial trading cues. Oil prices are trading lower following the prior retracement from the resistance level. Suggesting the commodity might extend its losses toward support level. Resistance level: 82.85, 84.10📉 Support level: 80.20, 78.00📈
TVC:USOILShort
by top_fx
DOLLAR_INDX,DXY H4 27 March 2024💵 DOLLAR_INDX, H4 💵 27 March 2024 The Dollar Index, tracking against a basket of major currencies, held firm amidst a wait-and-see sentiment among investors. With anticipation mounting for the release of the PCE Price Index data crucial for gauging inflation and scheduled for Good Friday, market movement is expected to remain subdued. Despite the holiday, Top Fed officials, including Chair Jerome Powell and Mary Daly, are slated to provide insights, setting the stage for potential market shifts. Traders are advised to stay vigilant and strategize as economic data released over the weekend could spur heightened volatility come Monday. The Dollar Index is trading higher while currently testing the resistance level. Suggesting the index might extend its gains after breakout . Resistance level: 104.45, 104.95📉 Support level:104.00, 103.65📈
TVC:DXYLong
by top_fx
BTC/USDT 1HInterval Chart ReviewHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As we can see, the price has broken lower from the local upward trend line. Let's start by determining the support and, as you can see, first we have a visible support zone from $69,984 to $69,553, and then there is support at the level of $68,307. Looking the other way, we see the price rising above the first resistance level at $70,147, the next one is at $70,678, and then it is worth marking the resistance zone from $71,067 to $71,561. Looking at the volume indicator, you can see two green candles, but they are much weaker than the previous red candles, indicating a local downward trend. On the RSI indicator, we have approached the middle of the range, which still leaves room for a price decline.
by cryptodailyuk
Will BTC break through the first resistance zone?Hello everyone, let's take a look at the BTC to USDT chart on a 1 hour time frame. As you can see, the price has moved above the downward trend line. Let's start by determining support and as you can see, the first support in the near future is $68,540, in case of breaking the support, the next support is $67,089, and then it is worth defining the support zone from $64,856 to $64,576. Looking the other way, we can see how the price is fighting against the strong resistance zone from $69,660 to $71,064, and when it breaks above it, we can see another attack towards the ATH to the zone from $73,638 to $74,323. Looking at the RSI indicator, we can see how it goes beyond the upper limit in the one-hour interval, which may result in a deceleration of growth, also when we look at the STOCH indicator, we will see an exit from the upper limit, which may also cause a change in direction.
by cryptodailyuk
🛢 CL OIL H4 🛢 25 March 2024🛢 CL OIL, H4 🛢 25 March 2024 Crude oil prices witnessed a slight retreat amidst optimism surrounding potential ceasefire negotiations between Israel and Hamas. US Secretary of State Antony Blinken's remarks, indicating progress in talks held in Qatar aimed at reaching a ceasefire agreement for Gaza, tempered concerns over oil supply disruptions. This development, coupled with the potential alleviation of geopolitical tensions, contributed to the easing of fears in the oil market. Oil prices are trading lower while currently testing the support level. Suggesting the commodity might experience technical corrections. Resistance level: 82.85, 84.10📉 Support level: 80.20, 78.00📈
TVC:USOIL
by top_fx
GBPUSD H4 25 March 2024GBP/USD, H4 25 March 2024 The GBP/USD currency pair is exhibiting sustained bullish momentum, currently hovering near the 1.2600 level as the market anticipates further developments. Revisions in market expectations regarding a potential Federal Reserve rate cut in 2024 have emerged due to ongoing inflationary pressures in the U.S., contributing to the strengthening of the dollar. Additionally, traders are closely monitoring the upcoming release of the UK's GDP data on Thursday, which is expected to provide insights into the economic health of the UK and its potential impact on the strength of the Sterling. GBP/USD continues to trade with strong bearish momentum despite recording a slight rebound at near 1.2600 levels. Suggesting that the bearish momentum remains strong. Resistance level: 1.2630, 1.2710📉 Support level: 1.2530, 1.2440📈
Short
by top_fx
XAUUSD H4 25 March 2024🔖XAU/USD, H4🔖 25 March 2024 Gold prices experienced a downturn as the robust US Dollar continued to dampen the appeal of non-yielding assets such as gold. The resurgence of the Dollar, particularly following signals from several major central banks, including the Swiss National Bank, hinting at potential rate cuts in 2024, weighed heavily on the precious metal market. Despite dovish sentiments expressed by some Fed members regarding rate cuts, the recent outperformance of the US economy could cloud the outlook for gold prices. Gold prices are trading lower while currently testing the support level. Suggesting the commodity might experience technical correction. Resistance level: 2240.00, 2315.00📉 Support level: 2150.00, 2080.00📈
FX:XAUUSDShort
by top_fx
BNB?USDT 1HInterval Chart ReviewHello everyone, let's take a look at the 1H BNB to USDT chart, as we can see the zena is staying above the upward trend line, and locally we can see an upside exit from the triangle. Let's start by setting goals for the near future that we can include: T1 = $570.8 T2 = $592.50 T3 = $608.4 AND T4 = $627.6 Now let's move on to the stop-loss in case of further market declines: SL1 = $547.1 SL2 = $535.3 SL3 = $514.6 AND SL4 = $482.4 Looking at the RSI indicator, it can be seen that it has returned to the upward trend, with room for a possible continuation of growth. However, on the STOCH indicator we can see that it is approaching the upper limit, but it also has some room before recovery.
by cryptodailyuk
BTC/USDT 1HInterval ChartHello everyone, let's take a look at the 1H BTC to USDT chart as we can see that the price is staying on the local uptrend line, also at the first support. Let's start by setting goals for the near future that we can include: T1 = $67,834 T2 = $69,089 T3 = $70,367 AND T4 = $72,328 Now let's move on to the stop-loss in case of further market declines: SL1 = $65,094 SL2 = $63,101 SL3 = $61,813 AND SL4 = $60,039 Looking at the RSI indicator, there is still room for a continuation of the rebound, while the STOCH indicator is rebounding from the lower limit, but one should be careful whether this rebound will not be followed by another decline, looking at the predominance of the falling volume.
by cryptodailyuk