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Resistence

BNB/USDT 1D Long TimeBNB is fighting to break out of the falling channel on top, it is currently struggling with the upper limit of a specific channel, as you can see, breaking out of the downtrend line with the top gave a strong upward signal. Resistance lines are visible just above the upper border of the downtrend channel, while the next significant resistance levels are $666 and $724. However, if the price is rejected and we experience declines again, we can see the first support zone from $564 to $544, then we have support at $509, and then the second very strong zone from $486 to $454.
by cryptodailyuk
LINK/USDT 1D Hello, I invite everyone to review LINK in pairs to USDT, taking into account the interval of one day. As we can see, the price has moved upwards from the downward trend line. After unfolding the trend based fib extension grid, we can determine a strong resistance at the level of $14.87, only an upward move can give room for an upward movement towards $15.98, and then we can see resistance at the level of $17.41. Looking at the second stone, we will similarly determine the support places. However, here there is a strong support zone from $12.54 to $11.30, only a break from this zone may result in a drop to around $9.55. It is worth looking at the RSI indicator here, which shows a strong movement beyond the upper limit, which translates into a loss of growth power and may change the direction of the price.
by cryptodailyuk
6
BTC/USDT 4h Interval ChartHello, I invite everyone to a quick review of BTC to USDT pair, taking into account the four-hour interval. as we can see, the price has moved upwards from the downward trend line. After unfolding the fib retracement grid, we can determine a strong resistance zone from $62,799 to $64,952, only the upward exit from this zone can give room for an upward movement towards $68,000. Looking at the second stone, we will determine the support places in a similar way. And here you can see support at the level of $61,000, then the second support level is visible at the price of $59,594, and the next support is at the price of $57,355. It is worth looking at the RSI indicator here, which shows a strong movement beyond the upper limit, which translates into a loss of growth power and may change the direction of the price.
by cryptodailyuk
1
FTM/USDT 1D Interval Hello everyone, I invite you to review the FTM chart in pair with USDT on a one-day time frame. Let's start by identifying the main downtrend channel in which the price is systematically falling with the blue lines. However, locally we can also determine a downward trend line, which currently shows how the price is struggling to go higher. Going further, we can see how strongly we are approaching a very important support point, which is currently the main support for the price at $0.31. Looking the other way, it is worth determining the resistance that FTM must face. And here you can see how we are approaching the resistance zone from $0.52 to $0.61, then there is strong resistance at $0.75, and then the price will have to face a very strong resistance zone from $0.84 to $0.97. It is worth looking at the RSi indicator here, where we can see a reflection from the lower border with room for continued growth, but here we can see how there is currently a fight to maintain the place where we could repeatedly observe reflections in one and the other direction.
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by cryptodailyuk
ETC/USDT 1D Chart ReviewHello everyone, I invite you to review the ETC pair to USDT chart on a one-day time frame. Let's start by identifying the downward trend in which the price is moving using the yellow channels. Currently, you can see how we bounced off the lower border of the channel, which resulted in a 23% price rebound. Going further, we can see how the price reacted in our strong support zone from $21 to $18, when the price dropped to the lower border of the zone, we could see a strong rebound. However, if the price were to break down, the next very strong support is at $15.5. Looking the other way, we can determine resistances in a similar way, and as you can see, the price is currently struggling with the resistance at $22.5, when we break out of it, the next resistance is at $25.4 and then very strong resistance at the price of 29.8 $. Looking at the RSI indicator, you can see how an upward movement does not result in price increases, while a downward movement of the indicator gives a greater reaction, which may lead to another attempt at declines. Even though the RSI indicator shows room for the price to move up from the current resistance, the STOCH RSI indicator indicates that the upper limit has been exceeded, which in previous situations resulted in price declines.
by cryptodailyuk
ETH/USDT 4h interval chart Hello everyone, I invite you to a quick review of the ETH to USDT chart for the 4H period. As we can see, the price is approaching leaving the local triangle, which indicates a possible direction for further movement. When the price starts to reverse, support levels are visible at $3,088, then support levels are visible at $3,048, and support levels are at $2,986, $2,942, and $2,885. However, when the price moves up again, it must overcome the resistance at $3,166 to continue towards the strong resistance at $3,264. Looking at the RSI indicator, we can see that we have entered the upper part of the range, but there is still room for the price to go up.
by cryptodailyuk
Silver: Thoughts and Analysis Today's focus: Silver Pattern – resistance stall, continuation Support – $28.70 Resistance – $31.30 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at Silver on the daily chart. As per most reports, we have started looking out, highlighting the main trend and key points before moving into the current price action. Looking at the current break higher and resistance point, will we see the current continuation contnue? We have run over what we are looking for to confirm this and some warning signs to watch out for as well. Good trading.
EIGHTCAP:XAGUSDLong
by Eightcap
4
Is LTC approaching a trend reversal?I invite you to check the situation of LTC in pair with USDT on a one-weekend basis. We see on the chart that the price is at the intersection of two lines, an upward trend line and a downward trend line. These are the two main trend lines that have currently formed a triangle from which the price will choose the direction of movement. Locally, we can see a sideways trend channel with smaller and smaller lows. The RSI indicator shows that we have approached the place where we could previously observe price rebounds, the STOCH indicator looks similar, but here we can see a movement at the lower limit, which may translate into an upward movement. Moreover, the chart shows how the price remains in a strong support zone, which may also influence the upcoming rebound towards the designated resistances.
Long
by cryptodailyuk
SOL/USDT 1D Chart Review Hello everyone, I invite you to review the SOL chart in pair with USDT on a one-day time frame. As you can see, the price has approached the downward trend line, but will it be enough to break it up? after unfolding the Terran Based Fib Extension net, you can see that we are fighting against the current resistance at $149, then there is resistance at $165, the third at $179, and the fourth very strong resistance at $193. Looking the other way, we can similarly determine places of support. And here, the first support level is visible at $136, then the second resistance at $125, the third at $109, and the fourth at $98. When we look at the RSI indicator, we can see that it is at the upper limit, which may result in the inhibition of growth or even another attempt at recovery.
by cryptodailyuk
#BTCUSDT: QUICK UPDATE!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! Welcome to this quick BTC update. Bitcoin (BTC) is currently trading in a pattern resembling a falling wedge in the 6-hour timeframe. This pattern can indicate a potential breakout in either direction, so further confirmation is needed. Here's what we're watching: Breakout Confirmation: A clean break and close above the upper trendline of the wedge would be a bullish signal, potentially leading to a price increase towards the $66k- FWB:67K zone. Rejection: If the price fails to break out and falls back below the wedge, it could test the support level around $60k again. Looking Ahead: The weekly candle close can offer additional insights into potential future price movements. What are your thoughts on BTC's current price action? What are you watching in the altcoin market? Share your analysis in the comments below!
by CoreCrypto1
1
huge waterfall coming for GOLD this week, Be ready!GOLD may retest 2318 area and complete an inverted head and shoulders, and then head up to resistance level which lines up perfectly on trendline resistance AND lines up perfectly at the 61.8% Fibonacci level, this is a very interesting level for these 3 lining up this trendline has been valid for months and very strong trendline resistance that has been tested multiple times. I suspect GOLD will plummet down to 2300-2280 by the end of this week, probably during London session as from my personal experience I have seen this happen multiple times and have taken this opportunity to profit off this pattern moreover the DXY has been making impulses to the upside and healthy retracements to continue with another impulse this week if the trend continues, keeping on eye on news to support this bias and watching these levels on particular the 2340-2350 area
OANDA:XAUUSDShort
by halabirobin
Huge waterfall coming this week for Gold be ready !!GOLD may retest 2318 area and complete an inverted head and shoulders, and then head up to resistance level which lines up perfectly on trendline resistance AND lines up perfectly at the 61.8% Fibonacci level, this is a very interesting level for these 3 lining up this trendline has been valid for months and very strong trendline resistance that has been tested multiple times. I suspect GOLD will plummet down to 2300-2280 by the end of this week, probably during London session as from my personal experience I have seen this happen multiple times and have taken this opportunity to profit off this pattern moreover the DXY has been making impulses to the upside and healthy retracements to continue with another impulse this week if the trend continues, keeping on eye on news to support this bias and watching these levels on particular the 2340-2350 area
OANDA:XAUUSDShort
by halabirobin
1
MKR/USDT 1D Chart ReviewHello everyone, let's look at the 1D MKR to USDT chart, we can see how the price is moving in a descending triangle defined by yellow lines. Let's start by setting goals for the near future that we can include: T1 = $2,599 T2 = $2,946 T3 = $3,512 AND T4 = $3,909 Now let's move on to the stop loss in case of further market declines: SL1 = $2,200 SL2 = $1,890 SL3 = $1,724 AND SL4 = $1,407 When we look at the RSi indicator, we can see it moving around the middle of the range, with room to move in both directions. However, the STOCH indicator shows that we are bouncing off the upper limit, but the price movement itself is not large.
by cryptodailyuk
$TOTAL is flerting with important Fibonacci Circle resistenceAfter a fake breakout from important Fibonacci Circle resistence and a fake breakout from the downward blue continuous line, CRYPTOCAP:TOTAL is trying to find now support over the daily 200 EMA (green line) that coincides exactaly over an important VWAP reset line If prices continue to fall, a very important support will be over the market "Support Box" Once the price breakout from the red Fib Circle, market will continue its move upward
CRYPTOCAP:TOTAL
by CCCLopes
6/28 New Day New Idea..... Will the bulls save it GREATTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT MORNING YALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL!!!!! 😏 😏 😏 06/28/2024 **News** ON THE BLOCK TODAY!!!! ***Personal Income and Outlays*** ⚠️ **RED FOLDER** ⚠️ 8:30 AM ET ***Chicago PMI*** 9:45 AM ET ***Consumer Sentiment*** 10:00 AM ET @everyone ***Midnight*** **CONSENTRATED CONSOLIDATION ** *#ES 5560.50* *#NQ 20131.50* 💰 **BUYSIDE**💰 ***#ES 5588.25***.--->Above this level we look for --->.... 🟢 5604 🟢 5616.75 🟢 5639.50 🟢 5653.25 🟢 5676.85 ***#NQ 20141.50***...---> Above this level we look for--> 🟢 20151.50 🟢 20201.50 🟢 20246.00 🟢 20292.25 🟢 20332.50 💰 **SELLSIDE**💰 ***#ES 5552.50***--- Below this level and we look for 🔴 5537.50 🔴 5509 🔴 5489.25 🔴 5468.75 🔴 5436.50 🔴 5406 ***#NQ 20092***---> Below this level and we look for 🔴 20052.25 🔴 20012.50 🔴 19956.5 🔴 19904.00 🔴 19880.25 🔴 19812.50 🔴 19775.25 🔴 19749.50 🔴 19693.25 🔴 19647.75
CME_MINI:NQU2024
by Stockqueenie
NZDUSD Possible retest and continuation to the downsideThe price recently broke out of the ascending channel (4H) and went on to retest the recent swing high, creating an Equal High (EQH). It then rejected the wedge (W) and downtrend line (M) resistance convergence and continued to push downward. Currently, the price is converging with resistance and the 38.2% Fibonacci retracement level. We anticipate that the price may continue to reject this resistance area and push further to the downside. **Rationale:** ~ Wedge (W) and downtrend line (M) resistance convergence ~ Multiple rejections of resistance ~ Shallow pullback (Fib 38.2%) resistance convergence ~ Possible retest ~ Possible lower low formation **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday
Short
by Forexity
Total market capitalization decline1) Total market capitalization declined has confirmed. This is one more argument that the price action since December 2022 is a bear structure. 2) Right now, Bitcoin price has gone under the 2009 trend line. The single relatively safe entry point to i see on BTC for speculations is 38k. Due to massive SMA support there the pattern might be more complex than straight ABC structure. 3) 5 ways down is never the end of a structure, according to Elliot waves principle. There are no certainties in the market, only probabilities, so the bearish scenario is invalidated if BTC price fixes above 74 thousand, within 2 days. Find more morę arguments in previous postings. Good luck in your trading and have a massive profit!
CRYPTOCAP:TOTALShort
by dogecoin_chain
AUDUSD: Multiple Rejections, Potential ReversalPrice has recently rejected this level multiple times. As-well-as multiple rejections and long-wick candlesticks, we have a rounding top chart pattern. I anticipate price will continue to reject this level and eventually breakout of the uptrend line, suggesting a bearish bias. **Rationale:** ~ Area of resistance ~ Multiple rejections ~ Long-wick candlesticks ~ Rounding top ~ Break of trendline --- **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday #daytrading
Short
by Forexity
BTC undergoing correctionHello everyone, let's take a look at the BTC to USDT chart on a one-day time frame. As we can see, the price rebounded from the upper border of the downward trend channel, and what is more, we can see how the local downward trend line was broken inside the channel. Let's start by determining the support line and here there is a strong support at the level of $65,372, at which the price currently holds, then there is support at the level of $61,397, the third support at the price of $58,444, and further support at the lower border of the downward trend channel at the level of $54,792 . Looking the other way again using the trend based fib extension tool, we can determine resistance. However, here it is worth starting by marking a strong resistance zone which the price cannot overcome from $70,105 to $73,515, then there is resistance at $76,267 and then at around $80,000. Looking at the RSI indicator, we can see how we have approached the place where we could previously observe a change in direction, while on the STOCH indicator we are moving towards the lower border, which may also indicate an upcoming change in direction.
by cryptodailyuk
GBPUSD Retest Completed, Downside Continuation ImminentThe price recently broke out of the ascending channel (4H) and now appears to have retested resistance. The price seems to be rejecting resistance around 1.27337 and converging with the 38.2% Fibonacci retracement level. It seems to have failed to make a new higher high, forming a lower high instead. I anticipate that the price will continue to move downward. **Rationale:** ~ Breakout of channel ~ Retest of resistance level ~ Resistance and 38.2% Fib retracement convergence ~ Rejection candlestick patterns forming ~ Possible lower high forming **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday
Short
by Forexity