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Supportandresitance

ETH/USDT 1H Short-Term ReviewI invite you to a quick preview of ETH to USDT on a one-hour interval. As you can see, the price remains above the local downtrend line. After unfolding the Fib Retracement saitka, support is visible at the level of $2,782, while the level of $2,718 is still important. Looking the other way, you can see an important resistance zone from $2,836 to $2,868. The RSI indicator shows room for an upward price movement, while the STOCH indicator is again approaching the upper limit, which may limit increases.
by cryptodailyuk
1
BTC/USDT 1HInterval ChartHello everyone, I invite you to review the BTC to USDT chart, on a one-hour interval. As you can see, the price remains above the upward trend line. Using the Fib Retracement grid, we can see the support on which the price is based at $51,102, while the zone from $50,047 to $49,289 is still important. Looking the other way, there is significant resistance at $51,964, followed by strong resistance at $52,810. The RSI indicator shows a trend line under which we are staying, while the STOCH indicator shows room to try to increase the price, but also shows rapid declines.
by cryptodailyuk
BNB/USDT 4HInterval ChartPlease see the BNB to USDT chart in the 4-hour time frame. As you can see, the price has dynamically broken out of the local downward trend line. After deploying the trend based fib extension tool, you can see a strong resistance at $371, and then another very strong one at $421. Looking the other way, there is support at $336, another at $317, and then at $287. When we look at the RSI indicator and the STOCH indicator, we will see the beginning of a recovery movement with room for a larger decline.
by cryptodailyuk
LINK/USDT 1DInterval ChartHello everyone, I invite you to review the one-day chart, LINK in pair with USDT. We will start by defining the main downward trend with the yellow line, then it is worth defining in blue the downward trend channel, which gave a dynamic upward trend for the price, which allowed the price to overcome the main downward trend, while creating a dynamic upward trend line. Now, when we unfold the Fib Retracement grid, we can see how the price is struggling to positively test the resistance zone around $19, if the test ends positively, we can get a new upward movement towards the resistance level at $26.47, and then an important level which we should take into account is the level of $40.39. Looking in the other direction, it is equally important to identify potential price support points. And here the level of $14.86 is significant, which should keep the price from falling to the next support levels at $10.97 and then to the price of $8.26. Please look at the RSI indicator, where we can determine the downward trend line from which we can see the indicator bouncing again, there is also a lot of room for a potential recovery. However, the STOCH indicator shows that we were moving towards the upper limit, which resulted in a rebound with room for a larger move.
by cryptodailyuk
ETH 1D Chart ReviewHello everyone, I invite you to review the chart of ETH in pair with USDT, taking into account the interval of one day. Let's start by identifying the main downward trend line from which the price came out on top, creating a new, strong upward trend, which the price is currently above. Looking at the current increases in the market, let's now move on to determining resistance levels, and here, after deploying the Fib Retracement tool, you can see how the price is fighting in a strong resistance zone from $2,553 to $3,009, which so far does not have enough volume to overcome it. However, once it does and the price goes up, it will move towards the resistance at $3,590. Looking the other way, we should identify places of support. And here the first significant resistance that we should take into account is at the level of $2120, then there is resistance around the price of $1650, which I consider to be the maximum downward level, but we will further define the potential level of $1311. It is worth looking at the RSI indicators and the STOCH indicator here, because both of these indicators show that a movement at the upper limit of their ranges results in a slight rebound, but we should still be cautious because the rebound may result in a greater price drop.
by cryptodailyuk
BTC/USDT 4HInterval Chart Review Long-TermHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the four-hour interval. First, using the yellow line, we will determine the main upward trend line, which begins at the last price low around $15,400, then we will move on to determining the second line, also the ongoing upward trend, along which the price is moving nicely. Now we can move on to marking support areas in the event of a correction. And here, using the Trend based fib extension tool, you can see that we first have support at the level of $48765, going further it is worth defining the visible zone in which it bounced repeatedly from $44442 to $42203, however, if we fall below this zone and break out from trend line, we can see a downward impulse towards the support level of $35,634. Looking the other way, we can determine resistance areas in a similar way. However, here we can see exits from the basic Fib levels, and now we are fighting a very strong level of $52,697, which has so far successfully kept the price from moving further. However, when the situation changes and the price breaks above this level and tests it positively, we will be able to see another upward movement towards the next very strong resistance at $61,321. Moving on to the RSI indicator, it is worth marking a trend line here, what is more, there is room for correction, but here you can see that downward movements result in very slight price movements. When we look at the STOCH indicator, we can also see room for a potential rebound in the indicator and price.
by cryptodailyuk
1
Unveiling Bitcoin's Golden Bull Run | Masters EditionUnveiling Bitcoin's Golden Bull Run: A Comprehensive Technical Forecast Bitcoin, the flagship of cryptocurrencies, has once again surged into the spotlight, signaling a potential golden bull run on the horizon. This comprehensive analysis leverages Fibonacci levels, trendline analysis, moving averages, and now, an exploration into long-term candlestick formations and their interplay with horizontal support and resistance levels. Let's delve deeper into the technical indicators forecasting Bitcoin's luminous path ahead. 1. Fibonacci Retracement: A Dance with the 78.6% Level Bitcoin's recent price action has been nothing short of a technical analyst's dream. The cryptocurrency has tested the 78.6% Fibonacci retracement level, only to pull back to the 61.8% level, creating a suspenseful build-up. However, Bitcoin's resilience shone through as it catapulted back above the 78.6% level, setting its sights on the all-time high of $69,000. This movement not only demonstrates Bitcoin's strong market sentiment but also underscores the reliability of Fibonacci retracement levels as indicators of significant resistance and support. 2. Fibonacci Extension: Forecasting a Stellar Target The Fibonacci extension tool, a favorite among traders for its uncanny ability to predict future valuations, has once again provided a glimpse into Bitcoin's potential trajectory. Currently, the tool forecasts an ambitious target of at least $128,000. This prediction is not plucked from thin air but is rooted in the tool's historical accuracy in pinpointing major price milestones for Bitcoin, offering a tantalizing glimpse into what the future might hold. 3. Trendline Analysis: Controversy Turns to Gold While trendline analysis may spark debate among traders, its success in identifying key levels in Bitcoin's price history cannot be overlooked. Presently, these trendlines suggest the commencement of a golden bull run, pointing towards unprecedented higher levels. This analysis provides a roadmap for traders and investors, indicating significant points of interest and potential strategy adjustments. 4. Weekly MA and EMA: Shifting Sentiments The weekly Moving Average (MA) and Exponential Moving Average (EMA) are showing a major shift in market sentiment, tilting the scales in favor of the bulls. These indicators, especially when configured with the right periods, can accurately pinpoint market reversals. The alignment of both MA and EMA in a bullish configuration underscores a growing optimism in the cryptocurrency market, suggesting that the current momentum could have the legs to sustain a prolonged upward trajectory. 5. Long-term Candlestick Patterns and Horizontal Support and Resistance Adding another layer to our analysis, long-term candlestick formations offer invaluable insights into Bitcoin's market behavior. Over the years, these patterns have interacted with major levels of horizontal support and resistance, providing a historical context that underscores the significance of current price movements. These interactions reveal how Bitcoin has responded to previous periods of consolidation and breakout, informing predictions about its future trajectory. The examination of how Bitcoin has navigated through these levels in the past can help anticipate its future movements. For instance, a break above a long-established resistance level might signal a strong continuation of the current bullish trend, while support levels that have held firm over the years could indicate potential rebound zones during pullbacks. Conclusion: The Dawn of Bitcoin's Golden Era The synthesis of Fibonacci retracement and extension levels, trendline analysis, moving averages, and long-term candlestick patterns with horizontal support and resistance provides a robust framework for understanding Bitcoin's potential. As we chart this journey, the anticipation of Bitcoin's next phases grows, with technical indicators aligning in favor of a significant bullish phase. While the insights derived from these analyses offer a compelling narrative for Bitcoin's future, it's essential to approach investment with caution, recognizing the inherent volatility of the cryptocurrency market. Conducting thorough research and seeking diverse perspectives remain critical for making informed investment decisions. To Learn More, Check Out Latest Analysis & Educational Publications Mastering Fibonacci Retracement :Navigating Bitcoin's Volatility Ethereum's Breakthrough: Navigating the Bull Run and Beyond Disclaimer: This post is for informational purposes only and not financial advice. The cryptocurrency market is highly volatile and unpredictable. Engage in your research or consult with a financial advisor before making any investment decisions. BITSTAMP:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSD BINANCE:BTCUSDT.P
Long
by FikratTrades
BTC/USDT 1H Short-Term I invite you to a quick review of BTC. As you can see, the price is climbing along the local upward trend line. After deploying the trend based fib extension tool, there is significant resistance at $52,646, followed by strong resistance at $55,289. Looking the other way, you can see the support zone from $51,539 to $51,191, and then support at $49,425. On the RSI indicator, despite the recovery, we have three upward impulses that increase the price, while the STOCH indicator still has room for a decline, which may result in a slight reaction.
by cryptodailyuk
XAUUSD LONG AND SHORT Hi Friends I'm back with another analysis, To begin with gold is in a downtrend and there are multiple supply levels which the immediate one is a 5 min supply level around 2025-2026. then above it we have 2027 level which this morning market reacted to. Currently market is above the demand level of 19 and has reacted to it multiple times already. incase market continues downward other levels do exist for a long trade. In case we go up supply levels are also drawn. * As always add your intuition and logic into this analysis and trade cautiously *Be honorable
OANDA:XAUUSD
by AliHassanzadeh
Mastering Fibonacci Retracement :Navigating Bitcoin's VolatilityMastering Fibonacci Retracement :Navigating Bitcoin's Volatility Navigating the volatile landscape of Bitcoin trading can be a daunting task for both novice and experienced traders alike. However, equipped with the right tools, traders can identify potential support and resistance levels, make informed decisions, and capitalize on market movements. One such tool that has stood the test of time is the Fibonacci retracement tool, a staple in the arsenal of many traders due to its uncanny ability to forecast potential price reversals with remarkable accuracy. Understanding Fibonacci Retracement Fibonacci retracement is based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction. The concept draws from the Fibonacci sequence, a series of numbers where each number is the sum of the two preceding ones (0, 1, 1, 2, 3, 5, 8, 13, 21, and so on). In trading, these numbers are translated into percentage levels that traders use to identify potential reversal points on price charts. Key Levels to Watch The most commonly used Fibonacci retracement levels are 23.6%, 38.2%, 50%, 61.8%, and 78.6%. These percentages represent potential support and resistance levels where the price of an asset like Bitcoin could experience a reversal or consolidation. The 61.8% level, often referred to as the "golden ratio," is particularly noteworthy for its reliability in predicting price movements. Applying Fibonacci to Bitcoin Trading When applying Fibonacci retracement levels to Bitcoin's price action, traders often look for significant highs and lows to place their retracement lines. From there, the tool provides a visual representation of potential areas where the price may stall or reverse. For instance, during a downtrend, a retracement to a higher Fibonacci level like 61.8% could indicate a potential area of resistance where traders might consider taking profits or entering short positions. The Significance of the 78.6% Level Recent discussions among traders have highlighted the 78.6% retracement level as a crucial point for Bitcoin, suggesting that reaching this level often precedes significant corrections. This phenomenon underscores the importance of Fibonacci levels in anticipating market movements, allowing traders to adjust their strategies accordingly. Real-world Application Consider Bitcoin's historic rally and subsequent corrections. Traders have observed that significant pullbacks often align with key Fibonacci levels. For example, during a bullish phase, if Bitcoin's price retraces to the 61.8% or 78.6% levels before bouncing back, this could be seen as a strong signal for trend continuation. Conclusion The Fibonacci retracement tool is more than just a mathematical curiosity; it's a reflection of human psychology and market sentiment. By identifying levels where price action may change direction, traders can make more informed decisions, manage risk more effectively, and potentially increase their chances of success in the market. As with any trading tool, it's important to use Fibonacci retracements in conjunction with other indicators and analysis methods to validate potential trading signals. Remember, no tool can predict market movements with absolute certainty, but by understanding the tendencies and patterns, traders can navigate the Bitcoin market with greater confidence. BINANCE:BTCUSDT BITSTAMP:BTCUSD BINANCE:BTCUSDT.P Don't forget to check our latest publications
BITSTAMP:BTCUSDEducation
by FikratTrades
6
ETC/USDT 1D Long-Term CHartI invite you to review the ETC chart in pair with USDT, on a one-day time frame. First, we will use the yellow line to determine the main upward trend line. However, using blue lines locally, it is worth marking the local upward trend channel in which the price is currently located. Moving on, we can move on to marking the resistance points. And here, after unfolding the Fib Retracement tool, there is significant resistance at the level of $28.39, and then the price must face a strong resistance zone from $30.17 to $32.44. Looking the other way, we can see that there is support at the level of $23.68, then there is support at the level of $21.33, and further there is support around the level of $18.33. When we look at the RSI indicator, we can see that we remain in the upper part of the range, but with room for price increases, while on the STOCH indicator, we are bouncing off the upper limit, which could potentially provide a rebound, but the current BTC increases keep the market in the growth phase.
by cryptodailyuk
ETH/USDT 1HInterval ChartHello everyone, I invite you to a quick review of ETH to USDT on a one-hour interval. As you can see, the price is moving above the local upward trend line. As we can see, when the recovery begins, we first see a support zone from $2,685 to $2,664, and then support at $2,604. Looking the other way, you can see how the price is struggling to enter the resistance zone from $2,757 to $2,803, and then it can give a strong upward impulse to around $2,934. The RSI indicator shows a movement in the upper part of the range, similarly to the STOCH indicator, however, the movement is above the upper limit, which causes the movement to decelerate.
by cryptodailyuk
1
BTC Short-Term 1HInterval ChartHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price remains above the local upward trend line. After unfolding the trend based fib extension, you can see the support on which the price is fighting, but when the support is broken, it may result in a drop to the support at $47,409. Looking the other way, there is resistance at $49,398, followed by strong resistance at $50,500. The EMA Cross 10 and 30 indicator shows the entry into a downward trend, the RSI indicator has room for a greater recovery, while the STOCH indicator is moving at the lower limit, which could have resulted in a slowdown in the decline.
by cryptodailyuk
Gartley222 in SP500Planning to buy the 78% Fib level (if the structure doesn't change) which also is a previous support/resistance level. Stochastics is also showing some hidden divergence. Longer target is the 161% extension. Look on the left - the same setup played out pretty well. The 161% extension was reached in a bit over 3 days. Why do I mention that? In an uptrent the Gartleys or Springs work. I know it might sound pretty simplistic, but it is in line with the old saying - "When do you buy? -> When the price goes up". Similarly, when I see my Spring work I know we are in an uptrend and I must take all of them.
BLACKBULL:SPX500Long
by TheSpringHunter
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