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Resistence

DOT/USDT 4HInterval Chart ReviewHello everyone, let's take a look at the DOT to USDT chart on a 4-hour time frame. As you can see, the price is moving in the upward trend channel, at its upper limit. Let's start by determining the support and as you can see, the first support in the near future is $7.31, if the support is broken, the zone from $7.07 to $6.89 is visible, then we can go down to the level of $6.67 and then in In the event of a bottom exit from the upward channel, the drop may result in a price around $6. Now let's move on to the resistance line, as you can see the first resistance is $7.39, if it manages to break it, the price will have to break the resistance zone from $7.68 to $7.89 and then it will move towards the resistance at the price of 8.17 $. Looking at the EMA Cross 20 and 50, they indicate the return of the yellow line above the blue, which indicates a change to an uptrend. However, here it is worth paying attention to the RSI indicator, which shows how we are approaching the downward trend line, and in addition, on the STOCH indicator we are at the upper limit, which may translate into a change in direction.
by cryptodailyuk
BTC/USDT 4HInterval Chart ReviewHello everyone, let's take a look at the 4H BTC to USDT chart, as we can see how the uptrend is maintained locally and the price has been offset by the main downtrend. Let's start by setting goals for the near future that we can include: T1 = $69,452 AND T2 = $72,943 Now let's move on to the stop-loss in case of further market declines: SL1 = $66,148 SL2 = $64,376 SL3 = $62,515 AND SL4 = $59,857 Looking at the RSI indicator, we can see that we are in the process of recovery and there is still room for a price drop. When we look at the STOCH indicator, we can see that there is room for a temporary price increase before it recovers again.
by cryptodailyuk
BTC/USDT 4HInterval Chart ReviewHello everyone, let's take a look at the 4H BTC to USDT chart as we can see that the price has bounced off the upper boundary of the downtrend channel, potentially giving room for a stronger downward move. However, if BTC tries to exit the channel again, the price must overcome a very strong resistance zone from $71,959 to $73,853. However, after breaking above this resistance zone, an upward impulse to the area of ​​$83,029 will be possible. Now let's move on to the stop loss in case of further market declines: SL1 = $68,378 SL2 = $66,144 SL3 = $62,363 SL4 = $60,014 AND SL5 = $56,634 Looking at the RSI indicators and the STOCH indicator, you can see how both of these indicators rebounded from the upper limit, which resulted in a downward price movement, with room for the price to recover more. It is worth mentioning here that the RSI indicator has approached the upward trend line, which is worth watching because relying on it may again result in an upward movement.
by cryptodailyuk
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BNB/USDT 4HInterval Chart ReviewHello everyone, let's take a look at the MKR to USDT chart on a 4-hour time frame. As you can see, the price broke sideways from the downward trend line. Let's start by determining the support line and as you can see, the first support in the near future is $2,658, if the support is broken, the next support is $2,274 and $1,777. Now let's move on to the resistance line, as you can see the first resistance is at $3,023, if you manage to break it, the next resistance will be at $3,438, then at $3,727 and then at $4,105. Looking at the RSI indicator, you can see that we are approaching support, which may result in another attempt to rebound the price, and the STOCH indicator shows that there is still some room left to go down before it increases again.
by cryptodailyuk
BTC/USDT 1HInterval Chart ReviewHello everyone, let's look at the 1H BTC to USDT chart, as we can see the price is moving in an upward trend channel, defined by white lines. Let's start by setting goals for the near future that we can include: T1 = $67,339 T2 = $68,015 T3 = $68,493 AND T4 = $69,168 Now let's move on to the stop loss in case of further market declines: SL1 = $66,722 SL2 = $66,186 SL3 = $65,836 SL4 = $65,370 AND SL4 = $65,370 Looking at the RSI indicator, we can see a movement towards the middle of the range, which still leaves room for a price increase, and when we look at the STOCH indicator, we can also see room for an upward movement.
by cryptodailyuk
BNB 4HInterval Chart ReviewHello everyone, let's look at the 4H BNB to USDT chart, in this situation we can see how the price is moving in a sideways trend channel, staying below the local downtrend line. Let's start by setting goals for the near future that we can include: T1 = USD 579.2 at which the price struggles T2 = $605.9 T3 = $623.6 AND T4 = $648.3 Now let's move on to the stop-loss in case of further market declines: SL1 = $570.1 SL2 = $539.4 SL3 = $518.2 AND SL4 = $491.50
by cryptodailyuk
ATOM/USDT 4HInterval Chart ReviewI invite you to review the chart of ATOM in pair to USDT, on a four-hour interval. Let's start by identifying the upward trend channel in which the price is approaching the lower border using the blue lines. After unfolding the trend based fib extension net and using the fib retracement net, we can determine the support at the level of $8.28, then support is visible at the price of $7.91, and then we have a strong support zone from $7.72 - $7.24 $. Looking the other way, you can see the first resistance at $9.19, then significant resistance at the upper border of the channel at $9.63, the next resistance at $9.93 and the next resistance at $10.35. When we look at the RSi and STOCH indicators, we will see a move below the downtrend line, now we need to wait for the move to break above this line.
by cryptodailyuk
Will Solana stay on current support?Hello everyone, let's look at the 4H SOL to USDT chart, as we can see the price is staying in the sideways trend channel marked with blue lines. Let's start by setting goals for the near future that we can include: T1 = $145.9 was rejected T2 = strong zone that effectively reverses the price from $153-$163 AND T3 = $189 Now let's move on to the stop loss in case of further market declines: SL1 = $143.4 SL2 = $133.56 SL3 = $126.48 AND SL4 = $117.53 Looking at the RSI indicator, you can see that we are moving around the middle of the range, which gives a possible move in both directions, but the STOCH indicator is moving at the lower border, which should result in an upward price rebound if the price stays at the current support.
by cryptodailyuk
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LINK/USDT 4H ChartHello everyone, let's take a look at the LINK to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. Let's start by determining support and, as you can see, first we have a support zone from $13.77 to $12.90, then we have visible support at $12.34 and then the third support at $11.55. Now let's move on to the resistance lines, as you can see the first resistance is at $13.98, if you manage to break it, the next resistance will be at $15.02, $15.71 and the fourth resistance at $16.67. The RSI indicator and the STOCH indicator are approaching the lower limit, which may slow down the current correction, which will keep the price in the support zone.
by cryptodailyuk
MATIC/USDT 4H Chart ReviewHello everyone, let's look at the 4H MATIC to USDT chart as we can see that the price is staying on a lopsided uptrend line. Let's start by setting goals for the near future that we can include: T1 = $0.73 T2 = $0.76 T3 = $0.79 AND T4 = $0.82 Now let's move on to the stop-loss in case of further market declines: SL1 = $0.67 SL2 = $0.64 AND SL3 = $0.56 When we look at the RSI and STOCH indicators, we can see that the indicators are low and we additionally rely on the trend line, which may affect the price maintenance.
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by cryptodailyuk
Will BTC break through the resistance?Hello everyone, let's look at the 1D BTC to USDT chart, as we can see the price is moving in a downtrend channel, where we are currently close to the middle of the channel where the price has encountered strong resistance. Let's start by setting goals for the near future, which include: T1 = $64,088 T2 = $66,151 T3 = $69,473 T4 = $72,895 AND T5 = USD 76,015 Now let's move on to the stop loss in case of further market declines: SL1 = $58,351 SL2 = $54,678 SL3 = $51,709 AND SL4 = $48,237 The RSI indicator shows an upside from the first downward trend line, and there is still some space left to the second line, while the STOCH indicator remains near the middle of the range, also above the downward trend line, which may push the price higher.
by cryptodailyuk
GBP/USD maintains upward despite dipping to 1.2550 post-US NFPThe British Pound continues its upward momentum against the US Dollar, however, there has been a decline below the 1.2550 mark after surging to a high in the past three weeks at 1.2634 following the release of the US Non-Farm Payrolls (NFP) report. On the 4-hour chart, the Relative Strength Index (RSI) has been trading above the 50 level and continues to trend upwards without any signs of change. This indicates stability and the continuation of the bullish trend in the market.
by Lily_Anna
GBP/USD Trades Below 1.2550 After US Jobs ReportGBP/USD is struggling to maintain its upward momentum and is trading below the 1.2550 level in the US trading session. Earlier in the day, disappointing April employment report from the US triggered a sell-off in the US Dolla (USD) and helped this currency pair reach its highest level in weeks above 1.2600. The disparity in economic data between the US and the UK has led to significant fluctuations in the currency market, creating both opportunities and challenges for investors. Looking at the chart, we can see that prices are trading around the Simple Moving Averages (SMA). The Relative Strength Index (RSI) is trading above the 50 level, indicating that buying pressure remains dominant with no significant changes, a sign of normalization. This may suggest that the market is undergoing a period of stability after the recent intense fluctuations.
by Stephen_Anders