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Supportandresitance

BTC 4H Resistance and supportWhat to expect on the BTC chart? As you can see, the price broke out of the local downtrend line. Looking at the price rebound, it is worth spreading the trend based fib extension grid, thanks to which you can see the resistance zone from $42,819 to $43,692. On the other hand, there is support at the level of $40,857, and then we have an important zone from $39,401 to $38,613. The RSI indicator still shows room for a price increase, while the STOCH indicator remains above the upper limit, which may result in a price recovery.
by cryptodailyuk
SOL/USDT 4HInterval ChartI invite you to review the SOL chart in the USDT pair. also here you can see how the price is moving in the local downtrend channel, in which, as you can see, the price is approaching the upper limit. At this point, it is worth looking at the Ema cross 10 and 30 indicator, because we can see the red line 10 crossing the green line 30 from below, which indicates a local return to the upward trend. In such a situation, it is worth laying out a trend based fib extension grid, thanks to which you can see how the price is struggling with the resistance zone from $92 to $95.5, and when it goes above it and from the downtrend channel, the next significant resistance should appear around 106 $. However, when the price starts to reverse, it can be seen that from the level of $84 to the level of $78.5, a strong support zone has formed. Only when it is broken can we see the price drop further to around $69. When we look at the RSI indicator, we will see that there is still room for an upward price movement, but enthusiasm may be limited by the STOCH indicator on which we exceeded the upper limit, which should potentially result in a price recovery or a temporary sideways trend.
by cryptodailyuk
BNB/USDT 4HInterval ChartHello everyone, I invite you to review the BNB chart on a four-hour interval. Let's start by identifying with the blue lines the downtrend channel where the price goes towards the upper limit. Now let's move on to marking the support areas for the price and after unfolding the trend based fib extension saitka, we can see that first of all we have support at the level of $291, which has already held the price several times, and then it is worth defining the support zone from $277 to $270. Looking the other way, we can similarly determine the resistance areas and here we can immediately see how the price is struggling with the strong resistance zone from $300 to $304, if we manage to break out of it, it is worth taking into account the resistance at $315. When we look at the RSI indicator, we can see that there is still room for the price to increase, but we have approached the downward trend line, and additionally, we have exceeded the upper limit on the STOCH indicator, which may translate into another price recovery.
by cryptodailyuk
BTC/USDT 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 Fib Retracement grid, you can see that the price has returned to the strong resistance zone from $41,419 to $42,198, when this zone is broken, there is still strong resistance around $44,448. Looking the other way, it is worth marking support at the level of $40,376, and further significant support is at the level of $38,534. The RSI indicator, similarly to the STOCH indicator, shows a rebound from the upper limit, which should translate into a price recovery.
by cryptodailyuk
Wyckoff Upthrust - EURAUDThat can be a valid entry for an Upthrust from an obvious support/resistance line. Previous high taken and price reverses. Some people call this a fake-out, you can see it as a double top in a downtrend. It's a matter of interpretation. The longer target is the 1 to 1 AB = CD shown in the chart. Higher timeframe confluence: Daily is below 10 EMA although overall in an uptrend, but my bet is an ABCD correction down. The Entry bar is a solid Engulfing bar on raising volume. We shall see.
Short
by TheSpringHunter
BTC/USDT 1H IntervalHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price is moving below the local downtrend line. After unfolding the trend based fib extension grid, you can see support around $39,185, then the second support at $38,334, and then the third support at $36,932. Looking the other way, there is significant resistance at $40,260, followed by a resistance zone from $41,091 to $41,502. The RSI shows room for further decline, while the STOCH indicator is approaching the lower limit, which may result in a price rebound.
by cryptodailyuk
LINK/USDT 4H ChartI invite you to review the LINK chart in pair with USDT. Let's start by identifying the downward trend channel from which the price broke out at the bottom using the blue lines. However, here the exit from the channel could have resulted in a drop close to the height of the channel itself, which indicates a potential place for further declines. Locally, we can mark a downward trend line that keeps the price in a downward movement. After unfolding the fib retracement grid, you can see how the support at $13.91 kept the price from falling further, but if the price breaks below the current support, we still see a very strong support zone from $13.17 to $12.22. Looking the other way, we can also determine the resistance areas. And here there is visible resistance at $14.73, and when the price breaks out, it will have to face a strong resistance zone from $15.98 to $16.63 before moving towards the new ATH. Please look at the RSI indicator as there is still room for growth, but the indicator is starting to turn down again. However, on the STOCH indicator we are moving at the lower part of the range, but here too there is no energy for a stronger upward movement.
by cryptodailyuk
BTC/USDT 4HInterval ChartHello everyone, I invite you to check the current situation on BTC in pair with USDT, taking into account the four-hour interval. As you can see, the upward trend line marked in yellow has been broken, and currently we can designate a local downward trend channel using blue lines. Going further, using the fib retracement tool, we will determine the supports that we should take into account when the price starts falling again. And here you can see how the support at the level of $39,024 kept the price from falling further, but if the support is broken, the next level is $36,280, and then around $32,831. Looking the other way, we can also use Fib Retracement to determine the resistances that should be taken into account. And here you can see that first we have resistance at the level of $45,469, then the level around $45,000 is significant, and then the price must overcome the strong resistance zone from $46,726 to $49,000. Now please look at the RSI indicator because you can see that a small price increase was reflected in the indicator, which still has room for growth. However, the STOCH indicator shows that we are approaching the downward trend line, which may potentially cause the price to decline and drop again.
by cryptodailyuk
ETH/USDT 4HIntervalHello everyone, please look at the ETH chart on a four-hour time frame. As you can see, the price remains below the local downtrend line. After unfolding the Fib Retracement grid, you can see how the support at $2,212 held the price, and then there is strong support at $2,074. Looking the other way, we have significant resistance at $2,375, followed by a strong zone from $2,599 to $2,715. The RSI indicator shows a fight against the downward trend line, while the STOCH indicator still has room to try to raise the price.
by cryptodailyuk
MACY'S Weekly Technical AnalysisM weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Confluence, Cluster, Modified Schiff Pitchfork, Fibonacci Extension - 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:M
by BahamasX
DOT/USDT 4HInterval ChartHello everyone, I invite you to review the chart of DOT in pair with USDT. First, we will use the yellow line to determine the downward trend line, and additionally, we can define the local downward trend channel using the blue lines. Moving on, we can move on to marking support places using the trend based fib extension grid. And here we have a visible strong support zone with prices ranging from $6.67 to $6.15, but if we break out of this zone, we still have support at $5.48. Looking the other way, we see resistance at $7.09, then we can mark an important support zone from $7.94 to $8.37, and then we have very strong resistance at $9.64. It is also worth paying attention to the RSI indicator and the STOCH indicator, where we observe a rebound from the lower limit, which results in a slight price rebound with room for greater growth.
by cryptodailyuk
ETH/USDT 4HInterval I invite you to review the chart of ETH in pair with USDT, taking into account the four-hour interval. We will start by identifying the upward trend line from which the price broke lower and created a local downtrend channel, from which the price also broke lower. By looking at the current price decline using the Fib Retracement tool, we will check the current supports that we should take into account. And here you can see that the price is approaching the support level of $2,319, then we have visible support at $2,209, and then it is worth marking strong support at $2,073. At this point, it is worth turning on the EMA Cross 10 and 30 indicator, which confirms the moment of transition into a local downtrend. However, when we turn on ema cross 50 and 200, we can see that despite the current correction, we are still in a strong upward trend. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here we have the first resistance at the price of $2,491, then we can see strong resistance that twice rejected the price at $2,578. And then there is a strong resistance zone from $2,640 to $2,717, which has kept the price from making more gains. Please look at the RSI indicator, you can see here that we are approaching the lower limit, which may stop the current trend, the situation is similar with the STOCH indicator, which is based on the lower limit of the range.
by cryptodailyuk
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BTC/USDT 1HInterval ChartHello everyone, I invite you to check the BTC situation on an hourly basis. First, we will use the blue lines to mark the local channel of the sideways trend, in which this time we will use the yellow line to define the downward trend. As you can see, the price remains at the lower border of the channel, and after unfolding the FIb Retracement grid, we can see how the price is struggling with the support zone from $40,689 to $40,278. However, if we see a break from the current channel and the price drops below the zone, it may result in a drop to the support level of $39,094. Looking the other way, we can similarly determine resistance when the price starts to rise, and here we see resistance at the level of $41,050, while further it is worth defining the resistance zone from $41,798 to $42,200, which has so far effectively kept the price from further increases. To confirm the local downward trend, we can turn on the EMA Cross 10 and 30 indicator, which shows how systematically the red ema cross 10 line remains below the green ema cross 30 line. However, on the RSI indicator and the STOCH indicator, we see a visible movement in the lower part of the range and we can see how small rebounds are used to bring the BTC price to a lower level.
by cryptodailyuk
BNB/USDT 4H ChartI invite you to a quick review of BNB to USDT on a four-hour interval. As you can see, the price is moving above the local uptrend line. Looking at the current increase, we will unfold the Fib Retracement grid, and we can see that the price is fighting a strong resistance zone from $317 to $321, while we still have resistance at $330. Looking the other way, there is support at $308.5, while the support zone from $296 to $289 is still important. The RSI indicator remains in the upper part of the range, while the STOCH indicator exceeds the upper limit, which may result in a price recovery.
by cryptodailyuk
BTC/USDT 1HInterval ChartHello everyone, please look at the BTC to USDT chart on a one hour time frame. As you can see, the price is fighting against the local downtrend line. After unfolding the trend based fib extension saitka, you can see support at the level of $41,410, the second one at $40,926, and the next one around $40,132. Looking the other way, there is significant resistance at $42,176, and then a second one at $42,663. The RSI indicator moves sideways, near the middle of the range, while the STOCH indicator shows a movement in the lower part, which may result in an upward movement in the price.
by cryptodailyuk