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Resistence

ETH/USDT 4HIntervalHello everyone, let's look at the ETH to USDT chart on a four-hour time frame. As you can see, the price has broken out of the local downtrend line. Let's start with the support line and as you can see the first support in the coming hours is $1864, if the support is broken then the next support is $1821 and then we have the support zone from $1785 to $1749. Now let's move on from the resistance line, as you can see the first resistance the price rebounded from is $1939, if it breaks down the next resistance will be $1980, then it will move towards the resistance zone from $2019 to $2055. Looking at the CHOP indicator, we see that the energy has been exhausted, the MACD indicates the uptrend is maintained, and the RSI has a rebound, however, we are still above the upper limit, which may give the price a rebound.
by cryptodailyuk
USDJPY Is Approaching Strong ResistanceUSDJPY made a sharp reversal in 2022 on a daily chart, and touched 126-130 area after BoJ policy YCC adjustment back in December. However that drop appears completed as we have seen a strong bullish reversal in the lat few months, but it's just another corrective recovery that can be now slowly approaching the end. It's ideally an A-B-C move up to 142 resistance area where we can expect a bearish turn still this year. Alternatively, this can even be W-X-Y from 127 lows, but still a corrective and temporary higher degree pause for wave B/II. A drop and turn back below 137 can be the first evidence of a top in place.
Short
by ew-forecast
BNB/USDT 1DInterval ReviewHello everyone, welcome to the BNB review on a one-day interval. As we can see, the price left the bottom of the uptrend channel marked with blue lines, what's more, leaving the channel downwards also gave a drop below the EMA Cross 20o and thus a return to a strong downtrend. Let's start by marking the support spots for the price and we can see that first we have a very strong support zone from $240 to $210 which is currently holding the price, however if the price goes lower we can see a drop to around $172. 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 the first resistance at $251, the second resistance is at $270, the third is at $286, and further we have a very strong resistance zone from $301 to $323. The CHOP index indicates that the energy is gaining more and more strength, the MACD indicates a return to an uptrend, while the RSI had a strong rebound and now we can see a rebound, but also that there is plenty of room for the price to continue to grow.
by cryptodailyuk
BTC UPDATE! WAIT FOR A RETEST BEFORE GOING LONG!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to the new BTC update. The previous BTC update plays out perfectly. Do check it out, if you haven't yet (Link given below) Now, let's analyze what's the next possible scenario from here. As you see in the chart, BTC breaks out the falling wedge in a 12hr time frame and made a high of FWB:29K Lots of shorts getting REKT today. Now, it's time for a cool down for a while. I'm expecting it to retest the wedge ($26.6k-$27.2k) I'm not going to long anything here. Patiently waiting for the dip to go long again. After the successful retest, the target is FWB:31K -$32k Hope my content will help you in making better trade decisions. If you like the ideas then do not forget to smash the like button and follow for all the latest updates. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
2
BTC/USDT 4HInterval ReviewHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price has definitely moved upwards from the downtrend channel by the height of the channel. Let's start by drawing a support line and as you can see the first support if the price wants to pull back is $28785, the second support is at $28016, then we have a strong support zone from $27409 to $26801 and then a strong support at $25933. Now let's go from the resistance line, as you can see the price has broken a strong resistance and it's important that it holds it now, the second resistance is at $31017 and once we break it we will move towards the resistance at $34838 Looking at the CHOP indicator, we see that the energy has been used in the recent increase, the MACD confirms a strong upward trend, while the RSI shows a definite overheating of the indicator, which may translate into a rebound in the price.
by cryptodailyuk
1
BTC/USDT 4H Review, 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 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 $26334, if the support is broken then the next support is $25806, $25359 and $24944. Now let's go from the resistance line, as you can see the first resistance is $27234, if you manage to break it, the next resistance will be $27567, $27863 and $28146. Looking at the CHOP indicator, we see that there is still energy for the continuation of the move, MACD indicates the continuation of the uptrend, however, we have touched the upper limit on the RSI, which will most likely reverse the trend in the coming hours and give the price a rebound.
by cryptodailyuk
SOL !DInterval ReviewHello everyone, I invite you to review the SOL chart in pair to USDT, as before, using a one-day interval. First, we will use the blue lines to mark the downtrend channel in which the price is currently moving. Moving on, we can move on to marking support areas when we start a larger correction. And here the first one that currently holds the price is $13.34, then we have a second very strong support at $12.09, and then a third very strong support at $7.99. Looking the other way, we see that the price has hit the first resistance at $16.19, if we manage to break above that resistance, then we have a second resistance at $18.22 and then a very strong resistance zone from $19.95 to $21.62, only when the price breaks it will move towards the resistance at $24.08. Please look at the CHOP index, which indicates that we may see some major movement, the MACD is on the verge of returning to an uptrend, while the RSI has a slight increase, but we are still at the lower end of the range, which gives a lot of room for the price to go up.
by cryptodailyuk
ETH/USDT 4HInterval resistance and supportHello 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 uptrend line. Let's start with the support line and as you can see the first support in the near future is $1712, if the support is broken then the next support is $1694, $1676 and $1650. Now let's move on to the resistance line, as you can see the first resistance is $1746, if you manage to break it, the next resistance will be $1767, $1784 and $1801. Looking at the CHOP indicator, we see that there is a lot of energy for the move, the MACD indicates a return to the local downtrend, while the RSI also has a rebound and room for the price to go a little lower.
by cryptodailyuk
BNB/USDT 4HInterval resistance and supportHello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is staying above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $244.8, if the support is broken then the next support is $241.5, $238.9, $236.3 and $232.6. Now let's move on to the resistance line, as you can see the first resistance is $246.9, if you manage to break it, the next resistance will be $250.7, $256.4 and $263.2. Looking at the CHOP indicator, we see that most of the energy has been used, the MACD indicates staying in a local uptrend, while the RSI is moving in the upper part of the range, which may indicate a local sideways trend or a small rebound.
by cryptodailyuk
ETH/USDT 4H interval reviewHello everyone, I invite you to review the chart of ETH in pair to USDT, also on a four-hour interval. First of all, as in the BTC chart, we can use blue lines to mark the downtrend channel in which the price is currently moving. At this point, it is worth watching the EMA cross 10 and 30 because as you can see, the red line 10 starts to move sideways and when it turns around and crosses the green 30 from the bottom, it will confirm the change of the trend to an upward one. 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 can first determine the support zone from $1653 to $1626, but when we go lower, the next support is at the price of $1592, and then the third support at the price of $1539. 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 strong resistance at $1690, then we have a strong resistance zone from $1730 to $1762, then we have a third resistance at $1793 and then a fourth resistance at $1839. As we can see, the power of green candles begins to appear, but their volume is lower than the previous red candles. The CHOP index moves sideways, which can increase the price. The MACD indicator returned to the local uptrend. On the other hand, the RSI is moving at the lower end of the range, which may also indicate an upcoming price increase.
by cryptodailyuk
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