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Fundamentalanalsysis

BTC target $36,653 or $25,218BTC has been consolidating in symmetrical triangle for last 1 month and still there is more room to consolidate further. Upon breakout and retest from triangle, Technical target of this pattern is $36,653 and upon breakdown and retest we can see the target of of $25,218. So right now BTC is ranging in purgatory. There was a wick down on 12th may towards $26,702 but price went back up so right now BTC is in state of wait and watch. Don't take any positions until we have clarity plus weekend is here so expect some choppy movements.
by NasirCrypto
4
BTC broke the target short and fights with $ 31,822Hello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 31,100, if the support breaks down, the next one is $ 30,340 and $ 29,619 and $ 28,859. Now let's move from the resistance line as you can see the first resistance is $ 31,822, if you can break it the next resistance will be $ 33,417 and $ 34,974 and $ 37,177. Looking at the CHOP indicator, we can see that in the 1-day interval we still have a lot of energy to use, while the MACD indicator shows that we are in a local upward trend.
by cryptodailyuk
BTC price is based on support!Hello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support where the price is currently at is $ 29,519, if the support breaks down, the next is $ 28,833 and $ 27,866 and $ 26,650. Now let's move from the resistance line as you can see the first resistance is $ 29799, if you can break it the next resistance will be $ 31764 and $ 33354 and $ 34944. Looking at the CHOP indicator, we can see that on the 1-day interval we have a lot of energy to make the next move, while on the MACD indicator we see that the blue line is approaching the red one, if it crosses the red one from above, it can potentially give a local downward trend.
by cryptodailyuk
Will we see a triple top on BTC?Hello everyone, let's take a look at the BTC to USDT chart over the weekend 1 timeframe. As you can see, the price is moving in the uptrend channel. Let's start with marking the support line and as you can see we are currently in the designated support zone from $ 31,251 to $ 26,665, if the support zone is broken, we are still around the previous ATH. Now let's move from the resistance line as you can see the first resistance is $ 36,758, if you can break it the next resistance will be $ 43,001 and $ 47,937 and $ 53,018. Looking at the CHOP indicator, we can see that during the weekend interval, some energy has been used, but we still have some further move, while the MACD indicator shows that we are on a decline and we are waiting for the blue line to go up, crossing the red line from the bottom.
Long
by cryptodailyuk
2
BTC continues the sideways trendHello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price is moving below the downtrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 28,551, if the support breaks down, the next one is $ 27,719 and $ 26,727. Now let's move from the resistance line as you can see the first resistance is $ 29,860, if you can break it the next resistance will be $ 31,764 and $ 33,351. Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, while the MACD indicator shows that the blue line is moving over the red one. When the blue line crosses the red one from above, we can start a further downward trend.
by cryptodailyuk
1
USD/CAD: Alexa, Play "Put your head on my shoulder"Cute caption, but enough romance, time to get to business! As we can see USDCAD is forming a very nice H&S pattern. The price that is currently at 1.28 is expected to complete the neckline at 1.27 (support #1) with some further correction. This should set up us for a longer-term goal of 1.246. Obviously, these types of trades don’t happen overnight. However, once we zoom in it is important to keep this bigger image in mind and not get caught in crossfire!
Short
by Investroy
52
IS BITCOIN ON THE VERGE OF FURTHER DIP?Investors are fleeing speculative assets as central banks tighten monetary policy to battle spiraling inflation and dwindling liquidity. The value of TerraUSD or UST, an algorithmic stablecoin that attempts to maintain a one-to-one peg to the dollar, dropped below $1 over the weekend before rebounding, adding to the concern surrounding digital assets. Fears of increasing inflation have caused most investors to take a risk-averse attitude, selling both equities and cryptos to reduce risk. As a results, we've come to the situation we're currently in. Now, the big question is.. Are we done yet? The answer is most likely no. Though, the variable we can't predict is the longevity of this process. Are we expecting a quick sellout to 25k$ with subsequent recovery or some tedious ranging? Let's try to take it one step at a time. If we look at the BTCUSD graph right now, one could notice a symmetrical triangle forming after a downtrend. This is usually an indication of another attempt to test lower levels. 25k$ is an important psychological level to watch out for once/if the breakout happens. Stay safe, fam, and no matter what let's kill this week!
BITSTAMP:BTCUSDShort
by Investroy
15
GOLD READY TO BOOM?Gold has rejected 1796 within last week and it seems it was the turning point for Gold to start a strong bullish trend. Is it going to break all time Highs? Technically Gold is testing important resistance at 1852-1856 atm. If it breaks this resistance today, we can expect gold to test 1870 and then extend its move to 1885 respectively. On the other hand, if gold reject 1856, I am expecting gold to rebound to 1830 and then to 1810 where it should adopt the consolidation for a while before making any major breakout. Another thing that is driving gold atm is Dollar Index. DX is testing an important support currently after a few back to back bearish candles on H1 timeframe. If it rejects the support and continue its bullish trend back, there are more chances that gold will be bearish in coming US sessions. I am more biased on bearish move but considering the other possibility aswel, I am using a strict stop loss for my trade. I'll be sharing my trade idea on my channel.
OANDA:XAUUSDShort
by TradingSwirls
2
Will BNB be able to break the resistance at $ 311?Hello everyone, let's take a look at the BNB to USDT chart on a 1 day time frame. As you can see, the price is moving below the downtrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 291, if the support breaks down, the next one is $ 277 and $ 266. Now let's move from the resistance line as you can see the first resistance is $ 311, if you can break it the next resistance will be $ 339 and $ 368. Looking at the CHOP indicator, we can see that the energy has been used in the 1-day interval, but after the rebound, the MACD indicator shows that the blue line has crossed the red one from the bottom, which may be a confirmation of the trend change.
by cryptodailyuk
GST stabilizes around $ 3Hello everyone, let's take a look at the GST to USDT chart over the 1 day timeframe. As you can see, the price is moving above the downtrend line. Let's start with determining the support line and as you can see the nearest support is at $ 2.65, if the support is broken, the next one is at $ 1.39. Now let's move from the resistance line as you can see the first resistance is $ 3.70, if you can break it the next resistance will be $ 4.77 and $ 5.67. Looking at the CHOP indicator, we can see that the energy has been used on the 1-day interval, while the MACD indicator shows that the blue line is approaching the red line if it crosses it from the bottom, it could confirm the trend change.
G
by cryptodailyuk
1
DOGE on support, no energy.Hello everyone, let's take a look at the DOGE to USDT chart on a 1 day time frame. As you can see, the price is moving in the downtrend channel. Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.0858, if the support breaks, the next one is $ 0.0662. Now let's move from the resistance line, as you can see, the first resistance is $ 0.0929, if you manage to break it, the next resistance will be $ 0.1079 and $ 0.1201. Looking at the CHOP indicator, we can see that in the 1-day interval we have run out of energy, and the MACD indicator slowly changes direction but is still under the red line.
by cryptodailyuk
Does DOT change the direction of the trend?Hello everyone, let's take a look at the DOT to USDT chart on the 1 day timeframe. As you can see, the price is moving in the downtrend channel. Let's start with the line of support and as you can see we are in the support zone from $ 11.36 to $ 8.07, then the first support in the near future is $ 7.43, if the support breaks, the next one is $ 4.6. Now let's move from the resistance line, as you can see the first resistance is $ 11.24, if you can break it the next resistance will be $ 13.68 and $ 15.63 plus $ 17.59. Looking at the CHOP indicator we can see that the energy has been used on the 1 day interval, looking at the MACD indicator we can see that the blue line has crossed the red one from the bottom, which may confirm an uptrend.
by cryptodailyuk
2
MACD indicates a change of BTC trendHello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price is in the downtrend. Let's start with the designation of the support line and as you can see the price is currently in the fundamental support zone from $ 31,251 to $ 28,798. The first support in the near future is $ 28,546, if the support breaks down, the next ones are $ 27,702 and $ 26,700. Now let's move from the resistance line as you can see the first resistance is $ 31,765, if you can break it the next resistance will be $ 34,931 and $ 37,463. Looking at the CHOP indicator, we can see that the energy has been depleted on the 1-day interval, while the MACD indicator shows that the blue line has turned back and crosses the red line from the bottom, which may confirm an uptrend.
by cryptodailyuk
2
LSPD: One Up Day Is NOT A ReversalLSPD is going to report lower quarterly revenues than last month in next week's earnings results, but its stock is in a sympathy move upward with the rest of the market bounce today. This is a prime example of the need to wait for confirmation of a bottom developing. As always, one up day is not a reversal. It may be the start of a bottom formation, but bottoms can take months to get hammered out. This stock's current situation is a good reason to incorporate some fundamental analysis into your technical studies. There are just a few key things to check. Do yourself a favor and learn to do your own research; upgrades, downgrades and all that jazz is market manipulation. Go look at the press release of the last earnings report yourself to see what the company guided for the upcoming report. Nasdaq.com is a good site for this. I wouldn't short here because it's nearing the end of the downtrend now. I wouldn't buy yet because there's a little further to go before the strong support is reached and a bottom can take a while to develop. PLUS, the knee-jerk crowd is bound to be surprised on May 19th. Meanwhile, the institutions have already accounted for a rough 4th quarter for this stock, but they also know that annual revenues have doubled this year. LSPD is one for a watchlist to wait until the bottom is confirmed.
NYSE:LSPD
by MarthaStokesCMT-TechniTrader
Will BTC stabilize the price?Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving in the triangle of the downturn channel. Let's start with the designation of the support line and as you can see the first support is the support zone where the price is currently moving from $ 31,251 to $ 28,798, if the support breaks, the next one is $ 28,333 another at $ 27,606, $ 26,619 and $ 23,970. Now let's move from the resistance line as you can see the first resistance is $ 31,864, if you can break it the next resistance will be $ 33,370 and $ 34928 or $ 37,213. Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy, while the MACD indicator shows an upward trend.
by cryptodailyuk
SOL -85% from ATHHello everyone, let's take a look at the SOL to USDT overnight chart. As you can see, the price has dropped below the uptrend line. Let's start with the support line and as you can see, the first support is at $ 36.6, if the support breaks down, the next support is $ 28.73, and the next one is $ 19.54. Now let's move from the resistance line as you can see the first resistance is $ 50.41, if you can break it the next resistance will be $ 58.64 and $ 66.12. Looking at the CHOP indicator, we can see that the energy has been consumed in the 1-day range, while the MACD indicator shows a downward trend.
by cryptodailyuk
1
BTC returns to the support zone after a strong correctionHello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price has dropped and remains just below the uptrend. Let's start with the designation of the support line and as you can see the first is a fundamental support zone from $ 31,251 to $ 28,798, if the support breaks down, the next is $ 25,674. Now let's move from the resistance line as you can see the first resistance is $ 31,858, if you can break it the next resistance will be $ 34,892 and $ 37,459. Looking at the CHOP indicator, we can see that the energy has been used in the 1-day interval, while the MACD indicator shows a downward trend.
by cryptodailyuk
2
SHIB has exhausted energy on an interval of 1 dayHello everyone, let's take a look at the SHIB to USDT chart on a 1 day time frame. Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.00001351, if the support is broken, the next support is $ 0.00001163 and $ 0.00000847. Now let's move from the resistance line, as you can see the first resistance is $ 0.00001585, if you manage to break it, the next resistance will be $ 0.00001850 and $ 0.00002068 and $ 0.00002287. As you can see, the price is based on the first support, while the CHOP indicator shows that the energy was consumed on the 1-day interval.
by cryptodailyuk
Will BTC start gaining after the second big correction?Hello everyone, let's take a look at the BTC to USDT chart on a 1 day timeframe. As you can see, the price is moving above the uptrend line, but it has already relied on it once. Let's start with the designation of the support line, and as you can see, we first have a support zone from $ 31,251 to $ 28,798, which currently has the BTC price, if the support breaks, the next one is $ 22,513. Now let's move from the resistance line as you can see the first resistance is $ 38,498, if you can break it the next resistance will be $ 44,418 and $ 48,859. Looking at the CHOP indicator, we can see that the energy has been used in the 1-day interval, which could give us moments of breath.
by cryptodailyuk
XCAD / USDT has bounced off the resistance and takes away energyHello everyone, let's take a look at the XCAD to USDT chart on the 1D interval. As you can see, price is moving above the local uptrend line. Let's start with the line of support and as you can see the first support that the price is currently based on is $ 3.09, if the support breaks down, the next ones are $ 2.09 and $ 1.30. Now let's move from the resistance line, as you can see, the first resistance is $ 4.38, if you can break it, the next resistance will be at $ 5.65 and the next resistance at $ 6.68. Looking at the CHOP indicator, we can see that in the 1D interval we are starting to recover energy, while the MACD indicator shows an upward trend.
by cryptodailyuk
APE has used up its energy and remains in an uptrendHello everyone, let's take a look at the APE to USDT chart on the 1D interval. As you can see, the price moves in an uptrend channel marked by blue lianims. Let's start with the designation of the support line and as you can see the first support in the near future is $ 14.31, if the support breaks, the next one is $ 11.77, another one at $ 9.68 and $ 7.72. Now let's move from the resistance line, as you can see, the first resistance that APE is currently struggling with is $ 18.25, if it can be broken the next resistance will be $ 20.53 and $ 23.91. Looking at the CHOP indicator, we can see that in the 1D interval most of the energy has been exhausted, while the MACD indicator shows a continuation of the upward trend
by cryptodailyuk
1
BTC energy in the 1D interval has been exhausted.Hello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price is moving in the uptrend channel marked by the blue lines. Let's start with the designation of the support line and as you can see the first support in the near future is $ 39,798, if the support breaks down, the next one is $ 37,539. Now let's move from the resistance line as you can see the first resistance is $ 41,287, if you can break it the next resistance will be $ 42,616 and $ 43,679. Looking at the CHOP indicator, we can see that in the 1 day interval most of the energy has been depleted, we should not see more movement in the next day.
by cryptodailyuk