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Resistence

Daily ETH 4HChart - 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 in the downtrend channel. Let's start with the support line and as you can see the first support in the near future is $1806, if the support is broken then the next support is $1766, $1734 and $1701. Now let's move on to the resistances that the price has to overcome and here is the first zone from $1842 to $1861, then the second zone from $1892 to $1915 and then the resistance at $1944. Looking at the CHOP indicator, we see that the energy is gaining more and more strength, the MACD indicates a return to the local downtrend, and the RSI has a strong rebound, which creates room for further increases.
by cryptodailyuk
Bank Nifty Trade Setup (24-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. So today BNF Opened gap up and unable to sustain the gap again as happening from last week and keep in consolidation. From price action this is forming a ascending triangle and price is moving in wave as plotted in chart. Today BNF Took Support near lower trendline and for tomorrow setup i will keep these things in mind: 1.) Price is moving in wave which might move up from this level to the upper ATH level. If opens flat and price sustains i will initiate CE Buy trade. 2.) If opens gap down or doesn't sustain the opening 15 minutes i will Take PE Buy for Next near Support (43730-43700). 3.) If Opens gap up between this triangle i will wait for price action to form and then trade accordingly. Also on Break of this Pattern on either side will be a good move. so will try to have some patience and will not buy aggressively. also will stop loss less than 35 points as if there will be good move even 35 points stop loss doesn't trigger as it does in sideways when there is price manipulation. Hit like to keep me motivated for keeping my trading journal. also one can comment how i can make it better or any improvements i can make in my trading setups or improving this journal.
NSE:BANKNIFTY
by TradeInsights
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 in the downtrend channel. Let's start with the support line and as you can see the first support in the near future is $26692, if the support is broken then the next support is $26063, $25562 and $25071. Now let's move on to the resistance line, as you can see the first resistance the price is currently fighting is $27380, if it breaks through, the next resistance will be $27744, $28285 and then the fourth resistance at $28934. Looking at the CHOP indicator, we see that most of the energy has been used, MACD indicates entering a local uptrend, while the RSI approached the upper limit, which quickly gave the price a rebound.
COINBASE:BTCUSD
by cryptodailyuk
10
XRP/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the chart of XRP in pair to USDT, as before, taking into account the time interval of four hours. First, we will use the blue lines to mark the downtrend channel where the price is moving in the upper range. Moving on, we can move on to marking support areas when we start a larger correction. And here in the first place we have a support zone from $0.43 to $0.40, we have a second support at $0.38, and then we have a third support at $0.36. Looking the other way, we see that the price has hit an important resistance at $0.46, which so far has no strength to break. However, if we manage to move upwards from this resistance, which will result in exiting the descending channel, we will move towards the resistance at $0.49, and further at $0.52. Please look at the CHOP index, which indicates that there is still energy for the upcoming move, MACD indicates that we are moving in a downtrend, while on the RSI we see that a small price move gives a big move on the indicator and there is currently room for a new increase, but still the price may go lower.
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, we will use the yellow line to mark the downtrend line from which the black has gone sideways, while locally, with the help of blue lines, we can mark the sideways trend triangle in which we are approaching the exit direction. 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 $1782, the second support at $1741, the third at $1708, and then we can mark the fourth support at $1675. 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 $ 1823, from which the price has already rebounded several times, the next resistance is at the price of $ 1848, then the third resistance at the price of $ 1873 and the fourth at the price of $ 1909. The CHOP index indicates that there is a lot of energy for a new move. The MACD indicator indicates a transition to a local uptrend. On the other hand, on the RSI we see that a slight price movement causes a large movement on the indicator, which in the long run may affect the price correction.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, I invite you to every Monday's cryptocurrency review. Let's start by checking the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will use the yellow lines to mark the local downtrend channel in which the BTC price is moving. Now we can move on to marking the places of support in the event of a correction. And here, the first support that is currently holding the price is $26,717, however, when we go lower, we have the second support at $26,124, the third support at $25,653, and then the fourth support at $25,154. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First, we will mark the resistance zone from $26971 to $27329, when we manage to break it, we have a second zone from $27687 to $28195. Once these two zones are broken, we will move towards resistance at $28,854. When we turn on the EMA Cross 10 and 30, we see that we are in a downtrend. The CHOP index indicates that the energy is starting to gain strength, the MACD indicator remains in a downward trend, while the RSI is moving around the middle of the range, which indicates the continuation of the local sideways trend.
by cryptodailyuk
16
SOL/USDT 4HInterval Resistance and SupportHello everyone, let's look at the SOL 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 $19.33, if the support is broken then the next support is $18.73 and $17.97. Now let's move on to the resistance line, but here it is worth marking the resistance zone from $20.40 to $20.69 first, then we have resistance at $21.1, and $22.22. Looking at the CHOP indicator, we see that the energy is slowly regaining strength, the MACD indicates an ongoing local downtrend, while the RSI is moving at the lower limit, which in the short term may give the price an upward rebound.
by cryptodailyuk
BTC UPDATE! NEXT POSSIBLE SCENARIO!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. For the past few days, we haven't seen much movement in the market. The market is consolidating in the same range. Sooner or later volatility comes in and we see a big movement. Let's discuss where it wants to go first. In 6hr time frame, it is still showing continuation and moving inside a symmetrical triangle after local H&S towards the $24k- FWB:25K area. From here, the price needs to hold this symmetrical triangle and must break the upside for bullish movement. Reclaiming $27,800 may bring bullishness back to the chart, till then FWB:25K is more likely after some more consolidation. What do you think about this? Do you think FWB:25K is coming from here or do we see a pump up to FWB:29K -$30k before any further drop. Share your views, in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
2
Daily ETH 4HChart - 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 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 $1781, if the support is broken then the next support is $1739, $1706 and $1674. Now let's move to the resistance line, as you can see the first resistance is $1820, if you manage to break it, the next resistance will be $1848, $1872 and $1909. Looking at the CHOP indicator, we see that there is a lot of energy to move, the MACD is on the verge of returning to the downtrend, and the RSI is in the middle of the range, which makes it hard to point to one direction.
by cryptodailyuk
Bitcoin Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium. When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin 🔴Resistance Line 28828$ 🔴Resistance Line 28186$ 🟢Support Line 27373$ 🟢Support Line 26806$ The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions. Thank you for reading my poor analysi
by WhaleGO_BTC
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 in the local downtrend channel. Let's start with the support line and as you can see the first support in the near future is $307.6, if the support is broken then the next support is $305.6, and then we can see a drop to $299.9. Now let's move on to the resistance line, as you can see the first resistance is $309.6, if you manage to break it, the next resistance will be $311.8, $313.6 and $315.4. Looking at the CHOP indicator, we see that there is still some energy left for the next move, the MACD remains in the local downtrend, while the RSI is moving in the lower part of the range, but there is room for the price to go a little lower.
by cryptodailyuk
MATIC/USDT 1DInterval Resistance and SupportHello, I invite you to review the MATIC chart in pair to USDT, on a one-day interval. First, we will use the blue lines to mark the uptrend channel from which the price came down. Moving on, we can move on to marking support areas when we start a larger correction. And here the first strong support is at the price of $ 0.79 when the price drops below the next support is at $ 0.58 Looking the other way, we see that the first resistance is at $0.99, the second resistance is at $1.10, the third is at $1.19 and then we have a strong resistance zone from $1.28 to $1. $41. Please look at the CHOP index, which indicates that most of the energy has been used, the MACD indicates a change in the trend to an upward trend, while the RSI shows that a small increase in price has given a strong move on the indicator, which in the long run can affect a quick correction.
M
by cryptodailyuk
2
DOT/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the DOT chart on a one-day interval. At the beginning, we will mark with blue lines a downward triangle in which the price is currently moving. Now we will move on to mark the price support spots and we can see that the price has dropped below the strong support at 0.618 FIB and is now facing a very strong support at $5.02, if it goes lower then the next support is at $4.24 . Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that first the price will have to break the resistance zone from $5.78 to $6.18, then the second resistance zone from $6.51 to $6.84, only after breaking above these two zones will we be further increases could be observed. The CHOP index indicates that there is energy for the next move, the MACD indicates the transition to an uptrend, while the RSI is at the lower limit, thanks to which we have room for the price to start rising.
by cryptodailyuk
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 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 $ 26829, if the support is broken then the next support is $ 26637, $ 26408, and then we can see a drop to around $ 25718. Now let's move to the resistance line, as you can see the first resistance is $ 26952, if you manage to break it, the next resistance will be $ 27133, $ 27311 and $ 27912. Looking at the CHOP indicator, we see that there is energy for the continuation of the move, the MACD remains in a downtrend, while the RSI has room for the price to go up more in the short term.
by cryptodailyuk
Daily ETH 4HChart - 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 in the downtrend channel. Let's start with the support line and as you can see the first support in the near future is $1754, if the support is broken then the next support is $1695, $1650 and then we have a support zone from $1601 to $1533. Now let's move to the resistance line, as you can see the first resistance is $1924, if you manage to break it the next resistance will be $2035 and $2127. Looking at the CHOP indicator, we see that there is a lot of energy on the short interval, the MACD is on the verge of returning to the downtrend, while the RSI is moving in the middle of the range, which makes it difficult to clearly determine the direction of the price.
by cryptodailyuk
NQ - Bull intact but approaching near term resistence Despite a generally choppy market since February this year, Nasdaq had a Golden Cross on 13 March which turned out to be sustainable and some encouraging signs are also observed since: 1. NQ began to lead the other indices (namely SPX and IWM), a sign of a "risk off" sentiment as it means more money had been piling back into "riskier" tech & discretionary stocks 2. NQ had stayed above it's 50 day moving average (> 2 months now) with rather "shallow" retracements no more than 38% of each mini swing. 3. However, SPX was mostly stuck in a range for the past 1.5 months (despite being above it's 200 day MA), hence it can still make trading the wrong stocks rather frustrating. 4. IWM (Russell 2000, ie., small caps) has been the laggard, still unable to rise (much, if at all). This is normal during an "early" bull market. Small caps usually begin to rise in a more sustainable manner when the bull market is well underway, and should they start to get extremely bullish, then it is usually a sign that a market top might be in the horizon. Now that Nasdaq has been taking leadership (especially the FAANGS) for the past 2 months+, the sentiment remains sanguine. Some caution now as it is approaching a critical resistence zone 13650 - 13720 (prior peak in Aug2022), and some pullback in the near term will not be too surprising The depth of the next retracement going forward will give a clue if the uptrend is still intact. Should NQ be able to clear this resistence zone (13720) eventually, then the overall market sentiment could get a good boost (including the small caps). Perhaps the resolution of the Debt Ceiling could be the catalyst? But until then. Just my take. Let's see :) Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:NDX
by Juliac
2
Daily BTC 1DChart - resistance and supportHello everyone, welcome to Thursday's Cryptocurrency Review. Let's start by checking the current situation on the BTC pair to USDT, taking into account the one-day interval. First, we will use the blue lines to mark the uptrend channel in which the BTC price is moving at the lower limit. Now we can move on to marking the places of support in the event of a correction. And here in the first place we have support that currently holds the price at $ 26692, then it is worth marking a strong support zone from $ 25298 to $ 23979, however, when we fall below this zone, we can see a drop around $ 22002. Looking the other way, in a similar way, using the fib retracement tool, we can determine the places of resistance. First, the price has to break through the strong resistance zone from $ 29050 to $ 29887, when it manages to break it, we have strong resistance at $ 31053. When it manages to overcome it, the price will be able to move towards the resistance at $ 34324. Next, it is worth looking at the EMA Cross 10 and 30, which so far indicate a downtrend. Please pay attention to the CHOP index which indicates that most of the energy has been used, the MACD indicator indicates the maintenance of the local downtrend, while the RSI after rebounding, a small price increase will give a visible movement on the indicator, which may pull the price lower around the previously defined support zone.
by cryptodailyuk
SOL/USDT 4HChart - resistance and supportHello everyone, let's look at the SOL to USDT chart on a single day 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 term is $19.84, if the support is broken then the next support is $18.16 and $16.01. Now let's move on to the resistance line, as you can see the first resistance is $21.20, if you manage to break it, the next resistance will be $22.10, $22.87 and $23.62. Looking at the CHOP indicator, we see that there is still energy to continue the move, the MACD remains in a downtrend, while the RSI, despite the rebound, still has room for the price to go lower.
by cryptodailyuk