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Resistence

BTC ANALYSIS 13/06/23BYBIT:BTCUSDT.P Just kicking my journey off with a nice and simple BTC analysis, so its quite obvious that we have come down too an area of support which is around the 25-26k mark. i dont care much for prices and news etc.. i like support and resistance... liquidity whatever... I'm purely a TA trader i have a very healthy strategy/routine that i have been in for a while now i will only be posting on what me as a person thinks is going to happen in the market, anyway btc has reached the 200EMA on the DAILY TF where you will also find a great zone of support (only valid if this support level proves confidence) now that we are in this zone of confidence we can set our SL's tight (under area of support) on a LOWER TF (15M, 1HR) ... then find your entry! Stick with the plan! For more on my routine, mindset, etc... DM me!
by fusfamily
LTC/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the LTC chart in pair to USDT, on a one-day interval. First, we will use the blue lines to mark the downtrend channel where the price is moving in the lower range, while inside the channel we can mark the local downtrend line under which the price is located. Moving on, we can move on to marking support areas when the current correction begins to deepen. And here the price is in front of a very strong support at $75.55, but if the support is broken then the next support is at $69.44. Looking the other way, we see first resistance at $78.88, second resistance at $82.11, then third resistance at $84.88, then we have a very strong resistance zone from $87.48 to $91, $21. At this point, it is worth noting that the current price drop caused the price to drop below the EMA Cross 200 line, which indicates a return to a strong downtrend. Please look at the CHOP index, which indicates that the energy has been used, the MACD confirms the current downtrend, while the RSI has a rebound to the lower end of the range, which may indicate the imminent end of the correction and the upcoming increase.
by cryptodailyuk
XRP/USDT 4HInterval check the shortterm situationHello everyone, I invite you to take a short-term look at the XRP chart this time on a four-hour interval. As we can see, the price, despite the general market correction, XRP remains above the local uptrend line. Let's start by marking the places of support for the price and we see that we first have support at $0.50, but if the price goes lower, we have another support at $0.48, then at $0.46 and another support at $0.46 priced at $0.43. 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 approaching the resistance at $0.52. We continue to have strong resistance at $0.54, once the price breaks it, it will move towards resistance at $0.55 and then $0.58. As we can see, the price had a bigger drop, but quickly returned above the EMA Cross 200, thus maintaining the upward trend. The CHOP index indicates that the energy is slowly gaining strength, the MACD indicates a return to the local uptrend, while the RSI has returned to the upper part of the range and it is worth watching here because when the indicator approaches the upper limit, we will see a correction on the xrp price.
by cryptodailyuk
Daily BTC 1DChart - resistance and supportHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the blue lines to mark the downtrend channel in which the BTC price is moving. Further, we can see that the price bounces in a place just before the EMA Cross 200 line, which indicates the continuation of the long-term uptrend. Now we can move on to marking support areas in case of deepening correction. And here we first have support at $24868, but when the price goes lower we have very strong support at $24049, then third support at $23361 and fourth support at $22672. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. And here the first significant resistance will appear at the price of $28069, then the second resistance at the price of $29725, the third resistance at the price of $31102, only when the price breaks it will move towards the resistance at $32441. Please pay attention to the CHOP index which indicates that we have a lot of energy for the next price movements, the MACD indicator indicates a downward trend, while the RSI shows a visible rebound, but there is still room for the price to go down to lower levels in the coming days.
by cryptodailyuk
1
LTC/USDT 4HInterval ShortTermHello everyone, let's look at the LTC 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 first support in the near future is $73.41, if the support is broken then the next support is $70.02, $67.24 and $64.45. Now let's move to the resistance line, as you can see the first resistance is $78.69, if you break it, the next resistance will be $81.90, the third $84.63 and $87.18. Looking at the CHOP indicator, we can see that there is a lot of energy for the upcoming move, the MACD has returned to the local uptrend while the RSI is moving at the lower border which could give the price an increase in the coming hours.
by cryptodailyuk
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 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 first support in the near future is $1730, if the support is broken then the next support is $1703, $1681 and $1660. Now let's move on to the resistance line, as you can see the first resistance is $1762, if you break it, the next resistance will be $1776, the third $1790 and $1811. Looking at the CHOP indicator, we see that the energy has been used, the MACD is close to trending upwards, while the RSI is moving at the lower end of the range, which may give the price an upward rebound in the coming hours.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello 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 in the near future is $25686, if the support is broken then the next support is $25217 and $23890. Now let's move on to the resistance line, as you can see the first resistance is $26,147, if it breaks down, the next resistance will be $26,389, the third resistance will be $26,631, the fourth $26,968 and the fifth $55,221. Looking at the CHOP indicator, we see that the energy has been used, the MACD is close to trending upwards, while the RSI is rebounding but there is still room for the price to move up in the coming hours.
by cryptodailyuk
Daily ETH 1DChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, taking into account the one-day interval. First of all, with the help of yellow lines, we will mark the uptrend channel in which the price is currently moving at its lower border. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the support, and as you can see the first support that is currently holding the price is $1851, then we have a support zone from $1687 to $1555, however when the price drops below this zone we can see a drop around the strong support at 1423 $. 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 $1916, from which the price bounced several times, the next resistance is at the price of $2230, and then the third resistance at the price of $2553. When we turn on the EMA Cross 200, we can see that they indicate an uptrend. The CHOP index indicates that we have a lot of energy for the upcoming move. The MACD indicator indicates the transition to a downtrend. On the other hand, the RSI is moving around the middle of the range, which makes it difficult to clearly determine the upcoming price direction.
by cryptodailyuk
ADA/USDT 1DInterval Resistance and SupportHello everyone, let's look at the ADA vs USDT chart on a single day timeframe. As you can see, the price is moving below the local downtrend line. Let's start with setting the support line and as you can see the first support in the near future is $0.30, if the support is broken then we can see a strong drop in the price around $0.21. Now let's move to the resistance line, as you can see the first resistance is $0.34, if you break it, the next resistance will be $0.36, then you have a resistance zone of $0.38 to $0.39, then resistance at 0 $42. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates that we are in a downtrend, while the RSI has crossed the lower limit of the range, which could potentially result in an uptrend reversal.
by cryptodailyuk
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour timeframe. As you can see, the price is holding at the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $1843, if the support is broken then the next support is $1832, $1823 and $1813. Now let's move on to the resistance line, as you can see the first resistance is $1849, if you manage to break it, the next resistance will be $1866, $1881 and $1895. Looking at the CHOP indicator, we see that the energy is gathering strength, the MACD is on the verge of returning to the local pattern trend, and the RSI is moving in the lower part of the range one closer to the center, which makes it difficult to clearly determine the direction of the price in the short term.
by cryptodailyuk
Will JPY momentum carry forward and set off further selling?Today's focus: JPY AUDJPY GBPJPY Pattern – Fade Resistance holds Possible targets – AUDJPY 92.50/92.30 GBPJPY 173.39/172.95 Support – AUDJPY 92.30 GBPJPY 173.15 Resistance – AUDJPY 93.30 GBPJPY 174.20 Today’s update focuses on JPY strength, that we have seen picking up since yesterday’s US session. We have looked at the AUDJPY and GBPJPY in detail. Are we seeing a turn in momentum? Both of these markets showed strength in the short term or sit in uptrends. After seeing the fades yesterday and today combined with resistance, could this be of sellers gaining control? Thanks for stopping by. Good trading, and have a great day.
Short
by Eightcap
BNB/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review BNB in pair to USDT, on a one-day interval. First, we will use the yellow line to mark the uptrend lines, as we can see the price is currently staying just below this line. Moving on, we can move on to marking support areas when the correction begins to deepen. And here, the first support that currently holds the price is $257.2, but if the support is broken, we have another support at $230.7, and then a third very strong support at $197. Looking the other way, we see that on the way up, the price has to overcome a very strong resistance zone from $ 294 to $ 324, only when it positively tests it, we will move towards the resistance at $ 353.8, and then towards the very strong resistance at the price $396.3. When we turn on the EMA Cross 200, we see that for a long time the price struggled to stay above this level, but the bottom exit resulted in a strong price rebound and a return to the downward trend. Please look at the CHOP index, which indicates that the energy has been used, the MACD strongly confirms the return to the downtrend, while the RSI can also see a strong rebound where we crossed the lower limit of the range, which may indicate that the current correction is coming to an end.
by cryptodailyuk
1
Looking at near term support and resistance for EUR/USDGenerally, I find that once something starts trending, the combination of a 20-day ma, coupled with cloud resistance on a 4-hourly chart and Fibonacci resistance is a good guide to likely resistance in this case. The 2020 low at 1.0636 is expected to act as your near-term break point on the downside. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Short
by The_STA
1
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC 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 first support in the near future is $25476, if the support is broken then the next support is $25017 and $24654. Now let's move to the resistance line, as you can see the first resistance is $26327, if you manage to break it, the next resistance will be $26649, $26941 and $27375. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates a continuation in the downtrend, while the RSI shows an increase, however, in the coming hours, we can still see the price increase.
by cryptodailyuk
Daily ETH 4HChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, also on a four-hour interval. First of all, we will use the yellow line to mark the downtrend line, from which the price went up and currently turned out to be a support for the price. 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 $1789, the second support at $1756, the third at $1708, and then the fourth support at $1649. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here in the first place we should mark the strong resistance zone from $1872 to $1925, when the price defeats it we have resistance at $1967, and then resistance at $2081. The CHOP index indicates that the energy has been used. The MACD indicator indicates a transition to a local downtrend. On the other hand, we have a strong rebound on the RSI, which crossed the lower limit of the range, which may stop the price from falling further in the coming hours.
by cryptodailyuk
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