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Resistence

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
3
XRP/USDT 1DInterval Targets and StoplossHello everyone, let's look at the 1D XRP to USDT chart as you can see that the price is moving above the local downtrend line. Let's start by setting goals for the near future that we can take into account: T1 - $0.55 T2 - $0.59 AND T3 - $0.64 Now let's move on to the stop loss in case the market goes down further: SL1 - $0.50 SL2 - $0.48 SL3 - $0.46 SL4 - $0.44 AND SL5 - $0.41 Looking at the CHOP indicator, we see that the energy has been used, the MACD confirms the ongoing uptrend, while the RSI is at the upper limit, which may affect the change of the trend to the downside.
by cryptodailyuk
Daily BTC 1DChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a single day timeframe. As you can see, the price is moving below the downtrend line. Let's start with determining the support line and here in the first place it is worth marking the support zone from $ 26858 to $ 26357, if the support is broken then the next support is $ 25864 and $ 25170. Now let's move on to the resistance line, as you can see the first resistance is $27494, if you manage to break it, the next resistance will be $27811, $28580 and $28129. Looking at the CHOP indicator, we see that there is still a lot of energy for the move, MACD, despite the corrections, remains in an uptrend, while the RSI is moving around the middle of the range, which makes it difficult to clearly determine the direction of the move.
by cryptodailyuk
USD/CHF perfectly aligned for sustainable grid trading USD/CHF has had a nice bullish short term ride and I believe it will, in general, continue until it reaches a firm resistance zone of $1.02ish, first established in November, 2014. This zone has been tested several times, so its a good selling area. Overall support is roughly at $0.87ish and has been holding and tested since May, 2014. The really is an exceptional set up that looks like it will continue for a while. When using a traditional grid trading technique, settng an upper boundary of $1.03 and a lower boundary of $0.86, yielding a spread of 1700 pips, gives a very nice grid structure with 17 pips between each level, with a maximum of 100 levels. Using automated methods would provide a very consistent flow of profits. The fact that the price action is so close to the lower boundary means profitability will occur in a shorter time frame as saturation will occur quicker. For manual trading, the boundaries could easily be adjusted to a level where a few minutes a day could be used to maintain the grid while still being quite profitable, since this is based upon the daily chart. Another technique would be to use a floating grid that encompases a stoploss such that the grid is more dymanic to the market, while providing consistency in both budget and profitability (see signature for more details). A floating grid will provide a better level of analysis as well, since it manages less positions and has a stronger and more beneficial rule set. Overall, regardless of trading technique, the USD/CHF market is poised to be profitable for a while, with a significant histocical record of being reliable.
Long
by RobertD7723
BNB/USDT 4HInterval Resistance and SupportHello everyone, let's look at the BNB 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 that is currently holding the price is $305.9, if the support is broken then the next support is $298.6, $292.9 and $287.1. Now let's move on to the resistance line, as you can see the first resistance is $313.1, if you manage to break it, the next resistance will be $320.4, $326.3 and $332.6. Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, the MACD indicates that the local uptrend is maintained, while the RSI is in the lower part, although the price may go a little lower, there is a lot of room for growth.
by cryptodailyuk
XRP/USDT 4HInterval check the current situationHello everyone, I invite you to review the chart of XRP in pair to USDT, on a four-hour interval. First, we will use the blue lines to mark the uptrend channel in which the price has been moving locally since it exited the downtrend line marked with the yellow line. Moving on, we can move on to marking support areas when we start a larger correction. And here the first support is at the price of $0.50, the second support is at the price of $0.48, the third support is at the price of $0.47, and then we have the strength Looking the other way, we see that the price has hit the resistance at $0.52, then we have the resistance at $0.55, and when we manage to break it, we will move towards the resistance at $0.58 Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, MACD indicates that we are on the verge of changing the trend to an upward trend, while the RSI, despite the rebound, we are at the upper limit, which may lead to another correction of the price.
by cryptodailyuk
Daily ETH 4HChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, on a four-hour interval. First, we will use the yellow line to mark the downtrend line from which the price went up. At this point, it is worth checking how the EMA Cross 200 is going and as we can see, the EMA Cross 200 kept the price in an uptrend. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the support, and here we can mark the support zone from $1883 to $1856, the lower border of which is just at the EMA cross 200. Then we can mark the second strong support zone from 0.618 fib to 0.786 fib, which gives us a range priced from $1810 to $1780. 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 $ 1941, going further we have a strong resistance at the price of $ 1987 and then the price will move in the direction of the resistance at $ 2055 The CHOP index indicates that we have a lot of energy for the upcoming move. The MACD indicator indicates a transition to a local uptrend. On the other hand, on the RSI we see an increase to the upper part of the range, but there is still some room left for the price to go a little higher in the coming hours.
by cryptodailyuk
1
SOL/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the SOL chart in pair to USDT, on a one-day interval. Let's start by marking with a yellow line, an uptrend from which the price went down and entered a downward triangle marked with blue lines. Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $19.91, the second support is at $17.66, the third support is at $15.21, and then we can see a drop to $12.12. Looking the other way, we see that the price will first have to break through the strong resistance zone from $23.41 to $27.01. However, if it manages to break out of this zone upwards, the next resistance will appear at the price of $ 32.20, and then at the price of 38.80. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, MACD indicates that we are in an uptrend, while the RSI shows an increase to the upper part of the range with minimal rebound.
by cryptodailyuk