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Resistence

DOT/USDT 4HInterval Resistance and SupportHello everyone, let's look at the DOT 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 $5.28, if the support is broken then the next support is $5.17 and $5.03. Now let's move to the resistance line, as you can see the first resistance is $5.38, if you manage to break it, the next resistance will be $5.46, $5.52 and $5.59. Looking at the CHOP indicator, we see that the energy is gathering strength, the MACD indicates that the price is about to return to a downtrend, while the RSI shows that we are moving at the lower end of the range, which could potentially give a sideways trend or increases.
by cryptodailyuk
USDX BULLRUN EXTHere we see the KING of all pairs, the USD INDEX. It is about time we did a chart on the mac daddy of all price action, the Dollar BASKET. What we have framed here is a solid RETEST of the bear trend that started last year once everyone WOKE UP and realized the dollar is garbage. However Powell and the FED are not done and a long run of strong USD data, including a very good jobs report, has been proping up the dollar. From a technical aspect there was a very solid TREND LINE BREAK and a subsequent DOUBLE RETEST around the 102.5 Area, followed by a BREAK of the RESISTANCE that was established by the bull move that broke our bear trend line. Currently we are seeing a RETEST of this RESISTANCE TURNED SUPPORT and assuming this area can hold the next fib zone should be a stop at 105.5 area, as we see multiple tests here. PMI and FOMC minutes should provide more volumes for any potential move this week.
VANTAGE:USDXLong
by NakedTrading4U
DOT/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the DOT chart in pair to USDT, on a four-hour interval. First, we will use the blue lines to mark the downtrend channel in which the price is moving. Moving on, we can move on to marking support areas when we start a larger correction. As we can see, the price fell below the strong support at 0.618 FIB, and turned back moments before the second very strong support at $5, however when the price drops below the next support is at $4.23. Looking the other way, we see that the first resistance is at $5.81, when the price breaks it, the second resistance is at $6.20, the third is at $6.52 and the fourth is at $6.85. Please look at the CHOP index, which indicates that the energy is slowly starting to rise, the MACD indicates a downtrend, however, there is a change in the direction of the blue line, which can give a trend change. On the other hand, on the RSI we touched the lower limit of the range, which gave a visible price rebound.
by cryptodailyuk
BNB/USDT 4HInterval Resistance and SupportHello everyone, welcome to a review of the BNB chart on a four-hour time frame. First of all, with the help of blue lines, we will mark the downtrend channel in which the price is currently moving. Now let's move on to marking the support spots for the price and we see that we first have very strong support at the so-called golden point of the Fib Retracement at $265, but if the price goes lower, we have another support at $245. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the first resistance is at $282, the second resistance is at $293, and then there is a strong resistance zone from $302 to $310. The CHOP index indicates that the energy has been used, the MACD indicates the continuation of the downward trend, while the RSI has fallen below the lower limit of the range, which has now resulted in a temporary change in the trend.
by cryptodailyuk
Daily ETH 1DChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, on a one-day timeframe. First of all, with the help of blue and yellow, we can mark the main uptrend line from which the price rebounded. Locally, we will mark the local downtrend line with the blue line. 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, we have the first very strong support at the price of $ 1331, while when this level does not hold the price, we can see a drop to around $ 1218. 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 resistance at $1459, the next resistance at $1513, the third resistance at $1556, and then we have a strong resistance zone from $1601 to $1664. Please look at the CHOP index indicates that the energy has been used. The MACD indicator is in a downtrend. On the other hand, we see a strong rebound on the RSI, we are currently touching the lower limit, which, similarly to BTC, may indicate the end of the correction.
by cryptodailyuk
SOL/USDT 1DInterval Resistance and SupportHello everyone, let's look at the SOL to 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 at which the price is currently located is $17.57, if the support is broken then the next very strong support is $15.26 and then $12.05. Now let's move to the resistance line, as you can see the first resistance is $18.57, if it breaks down, the next resistance will be $20.21, the third resistance will be $21.51, then we have a strong resistance zone from $22.85 to $24.68. Looking at the CHOP indicator, we can see that the energy has been used for the current correction, the MACD confirms the downtrend, while the RSI has touched the bottom, which may indicate a change in the trend.
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 local downtrend channel. Let's start with the support line and as you can see the first support in the near future is $1495, if the support is broken then the next support is $1462, $1436 and $1410. Now let's move to the resistance line, as you can see the first resistance is $1590, if you manage to break it, the next resistance will be $1631, $1665 and $1698. Looking at the CHOP indicator, we see that we have a lot of energy to move, the MACD indicates a local downtrend, while the RSI is moving at the lower limit, which may affect the trend change.
by cryptodailyuk
BTC: BOUNCE OR MORE DUMP??Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this BTC update. If you are following me and reading my updates then definitely you are safe. In my previous BTC update, I clearly told you that BTC is not looking good, forming a bear flag pattern and we see a dump soon. Currently, BTC is trading around the $21.7k level so what's the next possible scenario from here? Let's discuss this. According to this 8hr chart, BTC is forming a descending triangle in 8hr time frame and currently hovering at the lower trendline of the triangle which is our last hope of any bounce. If BTC held this support and bounce from here then we see a pump up to the $22.5k level but for more bounce, BTC needs to break out from the triangle and close above the resistance line. And according to the second scenario which is highly likely, once BTC breaks down the triangle and close below the $21.5k level then be ready for the $18k-$18.5k level. IMO you should be ready to short any bounce from here with an invalidation of close above $22.5k What do you think about this? Do you think we might see a bounce from here or do you think that $18k is on the board? 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
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LTC/USDT 1DInterval Resistance and SupportI 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 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 support is at $83, where the price is currently located, the second support is at $77, the third support is at $70, and then we have the fourth support at $60. Looking the other way, we see first resistance at $88 to $91, then second resistance at $94 to $97, then support at $100, then support at $105. Please look at the CHOP index, which indicates that there is some energy left for further movement, the MACD indicates that we are moving in a downtrend, while the RSI has a rebound and we are approaching the lower limit of the range.
by cryptodailyuk
MATIC/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the MATIC chart in pair to USDT, also on a four-hour interval. First of all, using the yellow lines, we can mark the downtrend channel in which the price is currently moving. 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 $1.06, the second support at $0.99, the third at $0.93, and the fourth at $0.87. 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 significant resistance at $1.18, the next resistance at $1.24, then the third resistance at $1.30, and the fourth at $1.34. Now let's move on to Index CHOP which indicates that energy has been used for the correction but there is still some left. The MACD indicator is on the verge of entering a local downtrend. On the other hand, we see a significant rebound on the RSI, we are approaching the lower limit of the range, which may indicate an upcoming trend change.
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by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, I invite you to take a slightly broader look at the BTC chart against USDT, taking into account the four-hour interval. First, we will use the blue lines to mark the sideways trend channel, but locally, we will use the yellow lines to mark the second downtrend channel. Now we can move on to marking the places of support in the event of a correction. And here we have the first support at $21951, the second support at $21834, the third at $21736, and then it is worth marking a strong support zone from $21640 to $21500. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. And as you can see, we have the first resistance at $22016, the second at $22118, the third at $22197, and then we have a strong resistance zone from $22283 to $22403. Please pay attention to the CHOP index which indicates that there is still energy to continue the move, the MACD indicator indicates entering a local downtrend, while on the RSI we are moving at the lower end of the range, which can potentially give a change in the trend.
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 in the lower part of the downtrend channel. Let's start with the support line and as you can see the first support in the near future is $21954, if the support is broken then the next support is $21833 and $21738 . Now let's move on to the resistance line, as you can see the first resistance is $22014, if you manage to break it the next resistance will be $22115 and $22198. Looking at the CHOP indicator, we see that we still have the energy to move, the MACD indicates entering a local downtrend, while the RSI is moving at the lower end of the range, which can potentially give a change in the trend.
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 at which the price is located is $22219, if the support is broken then the next support is $22114, $22026 and $21942. Now let's move on to the resistance line, as you can see the first resistance is $22282, if it is broken then the next resistance will be $22365, $22480 and $22630. Looking at the CHOP indicator, we see that some of the energy has been used, but there is still some left for further movement, the MACD indicates that we are maintaining a local uptrend, while the RSi shows a rebound and we are approaching the lower limit of the range, which may potentially change the trend.
by cryptodailyuk
BNB/USDT 4HInterval Resistance and SupportI invite you to review the BNB chart against USDT, also on a four-hour interval. First of all, using the blue lines, we can mark the downtrend channel in which the price is currently moving. 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 $279, the second support at $272, the third at $267, and then at $262. 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 resistance at $294, the next resistance at $301, then the third resistance at $306 and the fourth at $311. The CHOP index indicates that there is still energy for movement. The MACD indicator is on the verge of entering a local uptrend. On the other hand, the RSI shows an increase, but there is plenty of room to continue it.
by cryptodailyuk
FTM/USDT 4HInterval Resistance and SupportThe last one in today's chart is the FTM vs. USDT chart. First, we will use the white line to mark the main trend that the price must overcome, but locally, with the blue lines, we will mark the downtrend channel in which the price is fighting for an uptrend. Moving on, we can move on to marking the places of support. And here we can immediately see that the support at $0.41 is very strong and held the price, but looking further, the next support is at $0.36. Looking the other way, we see that the price has hit an important resistance zone from $0.43 to $0.46 that it has to face. Then we have resistance at $0.48, then a second zone from $0.50 to $0.53, and another resistance at $0.57. Please take a look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the MACD indicates that we are moving in a local uptrend, while the RSI has gone to the middle of the range and there is still room for further increases.
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by cryptodailyuk
SOL/USDT 1HInterval Resistance and SupportHello everyone, let's look at the SOL to USDT chart on a 1-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 $21.01, if the support is broken then the next support is $20.84, $20.61 and $20.30. Now let's move to the resistance line, as you can see the first resistance is $21.32, if you manage to break it, the next resistance will be $21.54, $21.72 and $21.90. Looking at the CHOP indicator, we see that the energy is used for a correction, the MACD indicates entering a local downtrend, while the RSI shows a rebound and entering the lower part of the range.
by cryptodailyuk