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Supportandresitance

BNB/USDT 1D Chart ReviewI invite you to review the chart of BNB in pair with USDT. Here, however, we will start by defining, using a white line, a downward trend line, at which we can see how the price is struggling to maintain the upward trend. Then, using the blue lines, it is worth marking a strong side trend channel, in which we also fight at the upper border. Moreover, this is where you can mark cup and handle formations, the completion of which most often results in an increase in price. Moving forward, you should check the resistance points for the price. And here you can see a strong resistance zone from $354 to $401, which effectively influences the price rebound downwards, only when the price breaks out of it will it be able to try to increase to the resistance at $461. Looking the other way, we see that the price is wavering with support at $317, but here it is worth expanding to the support zone from $317 to $287, then there is support at $266, and then strong support near the bottom of the channel. When we look at the RSI indicator, we will see that there is still room for a price increase, while on the STOCH indicator, we remain above the upper limit, which, however, may result in another attempt at recovery or a temporary sideways trend.
by cryptodailyuk
BTC/USDT 4HInterval Chart Hello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the four-hour interval. First, we will use blue lines to mark the upward trend channel in which the BTC price is moving, and here it is worth emphasizing the strong upward trend line with yellow. Looking at a strong upward movement, we will spread the trend based fib extension grid, thanks to which we can determine a strong resistance at the level of $52,719, but here it is also worth using the Fib Retracement grid, thanks to which we will expand the resistance to a strong resistance zone from $52,695 to $55,519. Looking the other way, we can similarly move on to determining the places of current support. And as we can see, the level of $46,056 will be important, then it is worth marking the zone from $43,552 to $41,763, where the price has bounced many times, and the level around $39,463 will be important. Please look at the RSI indicator, because you can see that we are approaching the downtrend line for the third time, which may affect the end of the upward movement. Also, when we look at the STOCH indicator, we can see how it has gone beyond the upper limit of the range, which may also translate into a needed recovery in the coming hours, which does not mean that we will not see another price increase sooner.
by cryptodailyuk
ETH/USDT 4HInterval Chart ReviewHello everyone, I invite you to review the ETH pair to USDT chart, also on a four-hour time frame. Let's start by determining the downward trend line from which the price moved sideways, but currently we can similarly determine, but this time a local upward trend, over which the price remains. Also, when we turn on EMA Cross 10 and 30, we will see a confirmation of the return to the upward trend, which is maintained for now. Looking at the current increase, when we unfold the trend based fib extension tool, we will see how the price is fighting the resistance at $2,550, but it is also worth defining the resistance zone from $2,658 to $2,790, which the price must test before moving for new ATH. Looking the other way, we can similarly mark places where the price should meet support. And here you can see that the first significant support is at the level of $2,354, and then you can see a significant zone from $2,223 to $2,131. On the RSI indicator, we can see that recovery ends with upward impulses that are higher than the decline itself, but on the STOCH indicator, we can see a quick depletion of energy, which results in a halt to the upward movement and a slight recovery.
by cryptodailyuk
BTC/USDT 1hInterval Chart ReviewHello everyone, let's take a look at the BTC to USDT chart on the 1 hour time frame. As you can see, the price is starting to break out of the local upward trend line. After unfolding the trend based fib extension saitka, you can see support at the level of $48,068, then at $47,738, and then at the price of $47,213. Looking the other way, there is resistance at $48,580, followed by strong resistance at $48,994. The RSI indicator, similarly to the STOCH indicator, has room for further price recovery.
by cryptodailyuk
ETH/USDT 4hIntervalHello everyone, let's take a look at the BTC to USDT chart on a four-hour time frame. As you can see, the price has broken the sapping trend lines. Looking at the increase, it is worth spreading the fib retracement grid, thanks to which you can see how the price is struggling with the resistance at $2,510, then resistance at $2,605, and the next one at $2,722. Looking the other way, you can see support at $2,387, and the support zone from $2,244 to $2,168 is further important. The RSI indicator, similarly to the STOCH indicator, shows a movement towards the upper limit, which may lead to a desire to recover and a price drop.
by cryptodailyuk
Monthly Adam & Eve Breakout Being Re-testedMonthly close is in a little over 5 days. CRYPTO:HBARUSD formed an Adam and Eve double-bottom on the monthly right at center and top of Monthly Support before breaking out to confirm that pattern and is now re-testing it for final confirmation or denial. Hold the monthly neckline at 7.3 cents and we can expect a move up towards Monthly Resistance as we get into February and March. Lose it and we likely will see another test of monthly support instead, which is around a falling wedge top, or this re-test area and/or the 200 day EMA and MA that I have marked and displayed on my weekly chart below. Note that HBAR also saw a 50/200 day EMA and MA Golden Cross during the last few months of 2023, and is presently sitting back below the 50 EMA and MA. However, it has held above the 200 EMA and MA. So, we also need to see it recover the 50 EMA and MA if and after we see a close above the monthly neckline as well or these areas could be tested again. Weekly chart showing Golden Crosses and Falling Wedge break / re-test(s) - also shown in related published ideas below, but updated chart pic here: TL / DR - hold the Adam/Eve double-bottom's monthly neck @ 7.3 cents to continue up, lose it to re-test 200 day EMA/MA and/or the falling wedge re-test area marked on the weekly chart above.
BINANCE:HBARUSDLong
by dudebruhwhoa
3
ETC/USDT 4HInterval Chart ReviewHello everyone, I invite you to review the ETC chart in pair with USDT. First, we will use the yellow line to determine the downward trend from which the price went up and created a local upward trend channel. Moving forward, we will mark support places. And after unfolding the Fib Retracement grid, you can see support at $23.76, which has held the price several times, then there is support at $21.34, and then you can see strong support at $18.30. Looking the other way, we see that the price is testing the resistance at $25.83, then there is resistance at $28.40, and then there is a strong resistance zone from $30.22 to $32.50. There is a visible downward movement on the RSI indicator, but there is still room for growth, while the STOCH indicator also remains at the upper limit, which may potentially result in a price drop.
by cryptodailyuk
ETH/USDT 1D Interval Chart I invite you to review the chart of ETH in pair with USDT, also on a one-day time frame. We will start by identifying the first downward trend line, from which the price moved strongly upwards, and currently we can see that we are moving along the upward trend line. After turning on the EMA Cross 10 and 30 indicator, you can see the red line breaking through the green EMA Cross 30 line from below, which indicates a re-entry into the upward trend. Looking at the current rebound and price increase, we will unfold the trend based fib extension tool, we can see a strong resistance at the level of $2,630, and when we manage to break it and test it positively, we can get an upward impulse to the strong resistance zone from $3,113 to $3,371. Looking the other way, we will again decompose the saitke trend based fib extension, we can see the support zone from $2,236 to $2,104, while further we may get a strong downward impulse towards the support level of $1,725. When we look at the RSI indicator, we can see that we are again approaching the resistance line, above which there is room for greater growth, but on the STOCH indicator, we have a movement above the upper limit, which may affect the current slowdown in growth.
by cryptodailyuk
BTC Long TermHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-day interval. Let's start by defining the upward trend channel in which we are moving using blue lines, and locally it is worth defining the upward trend line. Looking at the current strong growth, it is worth laying out the Fib Retracement grid to check the current resistance. And here you can see how the price is struggling with a strong resistance zone from $46,760 to $48,987, while a positive exit from this zone can give an upward impulse to the resistance level at $55,395. Looking the other way, we can use the Fib Retracement tool to determine support areas in a similar way. First, there is visible support at the level of $44,243, then there is also strong support at the level of $42,010, which kept the price from falling several times. Next, there is a strong support zone from $40,489 to $38,544. When we turn on the EMA Cross 10 and 30 indicator, we will be able to see confirmation of the return to the uptrend when the red EMA Cross 10 line crosses the green EMA Cross 30 line from below. Going further, we have the RSI indicator, which shows that there is still some room for a price increase, but it is worth adding that the STOCH indicator is moving above the upper limit, which slows down the growth and may allow for an attempt at recovery.
by cryptodailyuk
Will BTC positively test the resistance?Hello everyone, let's take a look at the BTC to USDT chart on a four-hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the fib retracement grid, you can see that the price is testing the resistance at $4,677, but there is still a very strong resistance at $49,070. Looking the other way, you can see support at $44,217, then at $42,122, and then a support zone from $40,523 to $38,576. Please look at the RSI because, similarly to the STOCH indicator, you can see movements above the upper limit, which affects the price recovery.
by cryptodailyuk
BTC/USDT 4H ChartHello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the Fib Retracement saitka, you can see that the price is struggling with the resistance at the level of $45,050, while there is still strong resistance at the level of $46,766. Looking the other way, you can see support at $42,816, and then the second support at $41,160. The RSI shows a rebound from the upper limit, which gives a slight rebound, while the STOCH indicator still remains above the upper limit, which may result in a greater price recovery.
by cryptodailyuk
ETH/USDT 4HHello everyone, let's take a look at the ETH to USDT chart on a 4-hour time frame. As you can see, the price has moved higher from the local downtrend line. After unfolding the trend based fib extension tool, you can see how the price is struggling with the resistance at $2,413 and may then rise to the resistance at $2,503. Looking the other way, you can see support at $2,367, followed by a support zone from $2,306 to $2,273. There is still some room for growth on the RSI, but the STOCH indicator shows a move above the upper limit again, which may limit the upward movement.
by cryptodailyuk
2
ATOM/USDT 4HInterval ChartHello everyone, I invite you to review the ATOM chart in the USDT pair, taking into account the four-hour interval. First, we will mark the upward trend channel with the blue lines, where we could see the price breaking down, and the decline itself was close to the height of the previously defined channel. Currently, using the yellow lines, it is worth defining a triangle from which the price starts to exit with an upward movement. Moving forward, we can move on to marking support areas in the event that the price turns again. And here the first support is at the price of $9.11, which effectively kept the price from further declines. However, if we see a break from the current support again, it may result in a drop to around $8.18. Looking the other way, we see that the first important resistance is at the level of $10.18, and if the price positively crosses it, it may move towards the second resistance at the level of $11.11. Please look at the RSI indicator, as there is still room for price increases, and if we look at the STOCH indicator, it should raise caution as we are moving at the upper end of the range, which may influence the willingness to react.
by cryptodailyuk
BTC/USDT 4HInterval Chart ReviewHello everyone, I invite you to check the current situation on BTC in pair with USDT, taking into account the four-hour interval. First, we will use blue lines to mark a strong downward trend channel from which the price moved sideways, from which we can determine a local upward trend. Looking at the current price consolidation, it is worth deploying the Trend Based Fib Extension tool, thanks to which we can determine the resistance to which the price is approaching at the level of $ 43,942, when it comes out on top and tests it positively, it may go towards the next strong resistance at the price $45,193. However, the price still has to face a very strong resistance zone from $46,094 to $47,220. Looking the other way, in a similar way, you can determine support when the price changes the direction of movement. And here, first of all, it is worth defining a strong support zone from $42,501 to $41,721, and then we can see support around $40,481, which is the first support after returning to the sapping trend channel. The RSI indicator shows that we have broken out of the downtrend line, with room for the price to go further. And when we look at the STOCH indicator, we will see that it also has room for further growth, and just like the RSI indicator, it came out on top from the sapping trend line.
by cryptodailyuk
IBKR Weekly Technical AnalysisIBKR Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Pitchfork, Confluence, Clusters, Trend Lines, ABCD Pattern, Fibonacci Extensions - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
NASDAQ:IBKR
by BahamasX
HALLIBURTON Weekly Technical AnalysisHAL Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Confluence, Clusters, Trend Lines , Parallel Chanel, Fibonacci, Gap, Triangle - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
NYSE:HAL
by BahamasX
ETH/USDT 4HInterval ChartHello everyone, I invite you to the ETH chart on a four-hour interval. As you can see, the price broke out of the local downtrend line. After unfolding the Fib Retracement saitka, there is a strong resistance zone from $2,359 to $2,392, which keeps the price from increasing further. Looking the other way, there is support at $2,315, followed by a strong zone from $2,264 to $2,236. The RSI indicator shows how the downtrend line has been broken, with room for growth. However, the STOCH indicator is at the upper limit, which temporarily limits a larger price increase.
by cryptodailyuk
BNB/USDT 4H Chart ReviewI invite you to review the BNB chart on a four-hour interval. We will start by defining, using the blue lines, the downward trend channel in which the price holds, and slightly using the yellow lines, we can determine the upward trend channel in which we are approaching the lower border. Let's now move on to marking the support areas for the price and after unfolding the Fib Retracement grid, you can see strong support at the lower border of the channel at $291, but here it is worth spreading the grid again in a smaller range, thanks to which you can see the support that currently holds the price around $297, however, when the price bottoms out from the first and second support, we may see a drop to around $272. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the price is effectively rejected by the strong resistance zone from $308 to $321, but when it breaks above it, we will be able to see an upward movement towards the resistance level at $342. When we look at the RSI indicator, we will see that, similarly to the STOCH indicator, we are near the middle of the range, with room for a potential deepening of the correction.
by cryptodailyuk