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Supportandresitance

BTC Short-Term Chart 30MIntervalHello everyone, let's take a look at the BTC to USDT chart on a short time frame of 30 minutes. As you can see, the price is moving above the local uptrend line. When we break down the Trend Based Fib Extension, we see support at the level of $36,757, and then we have a strong support zone from $35,752 to $35,222. Looking the other way, you can see that the price is ahead of a strong resistance zone from $37,505 to $38,050, and further resistance may appear at $38,730. Looking at the CHOP indicator, we see that there is still some energy left, the RSI indicator returns to the middle of the range, which creates room for a move in both directions, but the STOCH indicator shows that the upper limit has been exceeded, which should slow down the current increase and give a small price correction.
COINBASE:BTCUSD
by cryptodailyuk
ETH 1HInterval Chart Short-TermHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price came out at the top of the indicated triangle. When we unfold the Trend Based Fib Extension grid, we can determine the support level at $1948, and then we have a support zone from $1928 to $1913. Looking the other way, we see that the price is approaching the resistance zone from $1984 to $1995, and then must overcome the resistance at $2010 before further increases. Looking at the CHOP indicator, we see that there is energy to continue the movement, the RSI indicator, despite the increase, has room for the price to go further, while the STOCH indicator has exceeded the upper limit, which may result in a correction in the coming hours.
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 moved sideways from the local downtrend line. When we unfold the Fib Retracement grid, we see a support zone from $36,361 to $35,976, then there is support at $35,432, and then at $34,742. Looking the other way, we have a visible resistance zone from $36,724 to $37,021, and then a strong zone from $37,421 to $37,958. Looking at the CHOP indicator, we see that energy is being collected again, the RSI indicator shows an upward trend, and despite there being room for further growth, when we look at the STOCH indicator, we can see that we are rapidly approaching the upper limit, which may limit further increases.
by cryptodailyuk
LTC/USDT 1DInterval ChartI invite you to review the chart of LTC in pair with USDT, this time taking into account the one-day time frame. Let's start by defining with the white line the upward trend that holds the price, and then using the blue lines we can mark the local channel of the upward trend in which we are currently located. When we unfold the FIb Retracement grid, we can see that the price is based on a strong support zone from $68.87 to $56.33, but at this point let's also check for smaller movement and here the zone covering the trend lines and the lower border of the ongoing channel will be important. However, when the price breaks below the current channel and support zone, we may see a drop to the very strong support level of $40.45. Looking the other way, we can see that the upper border of the channel is also the first place of significant resistance for the price at $78.34, the next important resistance is at $92.42, and then the price must overcome the strong resistance zone from $102 up to $115. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the RSI indicator is in the process of recovering, and there is a lot of room for further declines, similarly, the STOCH indicator shows a strong downward movement, which may drag the valuation to a lower level.
by cryptodailyuk
2
ETH to USDT chart analysis on a 4H intervalHello everyone, I invite you to a detailed review of the ETH pair to USDT chart, also on a four-hour interval. First, we will use the blue lines to mark the upward trend channel in which the price has dynamically moved upwards, moving along the local upward trend line, from which it has currently broken downwards. And here we will again define the current downtrend channel, where we have approached the lower border of the channel, using blue lines. Now let's move on to marking the support places. We will use Fib Retracement tools to mark the supports, and as you can see, the price is fighting in the support zone from $1,939 to $1,895, if it comes out of it and breaks out of the channel, then we have support at $1,829 and then around $1,745. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here the first resistance is at $1996, then we have the second resistance at $2048, and then the price must face a very strong resistance zone from $2088 to $2136. When we turn on EMA Cross 10 and 30, we can notice the place where the indicator showed a return to the local downtrend in which we are currently staying. The CHOP index indicates that there is energy for a continuation of the move, the RSI indicator shows that we are in a downward trend, with room for the price to go lower, but at this point it is worth looking at the STOCH indicator, which has clearly exceeded the lower limit, which may result in a slowdown in the correction and give an upward movement.
by cryptodailyuk
BTC/USDT 4HInterval Chart ReviewHello everyone, I invite you to every Friday cryptocurrency review. Let's start by checking the current situation on the BTC to USDT pair, taking into account the four-hour interval. First, we will use blue lines to mark the local downward trend channel to which the price has returned. In order to check the support areas, we will use the Trend Based Fib Extension tool, and after unfolding the grid we can see that the price is based on the support zone from $36,023 to $35,492, but when the zone does not maintain the price, we can see a drop to the support level of $34,808 . Looking the other way, we can determine resistance areas in a similar way. First, the price must again overcome the resistance at $36,721, only then will we move towards the strong resistance zone from $37,470 to $38,001. Please pay attention to the CHOP index, which indicates that there is energy for further movements, on the RSI indicator there is still room for the price to go lower, while on the STOCH indicator we are approaching the lower limit, but there is still some room for further downward movements.
by cryptodailyuk
BNB/USDT 4HInterval ChartHello everyone, let's take a look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price has returned below the downtrend lines. When we unfold the Trend Based Fib Extension grid, we will see a support zone created from $24 to $241, while it is worth marking the support level at $231.8. Looking the other way, we have significant resistance at $248.6, but it is worth defining the resistance zone from $253.8 to $257.5. Looking at the CHOP indicator, we see that there is still energy for a new move, on the RSI indicator we have a rebound with room for further declines, while on the STOCH indicator we are approaching the lower limit, which could have resulted in a temporary deceleration of the correction.
by cryptodailyuk
BTC 4hInterval 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 has returned below the local downtrend line. When we unfold the Trend based Fib Extension tool, we can see that the price is approaching the support level of $35,977, and then we have a strong support zone from $35,431 to $34,748. Looking the other way, the resistance level is again the $37,300 level, and then the price will move towards the zone from $38,069 to $38,608, before which the price is rejected. Looking at the CHOP indicator, we see that there is some energy for the move, the RSI indicator, similarly to the STOCH indicator, shows a current rebound, but there is also room for further price decline.
by cryptodailyuk
EURUSD APPROACHES THE RESISTANCEThe EUR/USD currency pair recently experienced a notable bearish movement as it broke through a significant support level and trendline, signaling a downward trend. The price subsequently reached a key monthly support level, from which it initiated a retracement. This retracement is currently in progress and is aimed at reaching the 50% Fibonacci retracement level(1.0900). The overall trajectory for the week remains bullish, with the price expected to continue its retracement toward the 50% Fibonacci level. We can use the slight pullback to add buy positions with the initial target at 1.08100.
Long
by DennisDims
2
ETH/USDT 4H Chart Hello everyone, let's take a look at the ETH to USDT chart on a four-hour time frame. As you can see, the price managed to stay on the local downtrend line. When we unfold the trend based fib extension grid, we see that the strong support at $1,960 has maintained the price and is still support, but we may still see a decline to the support level at $1,850. Looking the other way, you can see the current resistance zone from $2,088 to $2,135, and then there is visible resistance at $2,247. The CHOP indicator shows that there is still energy that can be used to drop the price, the RSI indicator shows a slight rebound, but with room for the price to fall lower, and the STOCH indicator shows a rebound from the lower limit, which may result in a slightly larger price increase in the current movement. .
by cryptodailyuk
DOT/USDT 4H Interval ChartI invite you to review the chart of DOT in pair with USDT. First, we will use the blue lines to mark the downward trend channel from which the price emerged with dynamic upward movements, moving along the locally created upward trend line. Going further, we can move on to marking support areas when we start a larger correction. however, here we have significant support at the level of $5.04, which has kept the price from further declines for now, only after it is broken, we can see the price return to the support zone from $4.51 to $4.14. Looking the other way, for now, an important level for further increases is the resistance at the price of $6.09; only after it is overcome and positively tested will we be able to see attempts at further increases in the DOT price. Please look at the CHOP index, which indicates that there is still energy to make a move, the RSI indicator shows a visible rebound, adding the STOCH indicator, which shows a reflection from the lower end of the range and visible room for growth, we can see a continuation of the upward movement before the upcoming correction.
by cryptodailyuk
MKR/USDT 4HInterval ChartHello everyone, I invite you to review the MKR chart on a four-hour interval. Let's start with the blue lines marking the upward trend channel, in which the price has locally entered a falling triangle formation, but currently we can see an attempt to exit the ongoing triangle at the top and an attempt to return to the previously prevailing upward channel. When we unfold the Fib Retracement grid, we can see that the recent price decline was maintained by a strong support zone from $1,236 to $1,124, but now the price has returned higher, above the visible support at $1,396. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the price is currently fighting the resistance at $1,451, only when it breaks above it will it move again towards the strong resistance zone at $1,566 to $1,654. The CHOP index indicates that there is more and more energy for the move, the RSI indicator is growing again after a slight recovery, while the STOCH indicator exceeds the upper limit, which may slow down the current upward movement or result in a new rebound.
by cryptodailyuk
BTC 1HInterval Short-TermHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we will use the blue lines to mark the local channel of the upward trend, in which the price tried to break out at the bottom, but quickly returned to the ongoing channel. Going further, we will use the Fib Retracement tool, and here we can see that the price decline was maintained by a strong support zone from $34923 to $34090, but now that the price has quickly rebounded, we should keep in mind the support at $36096, where the price can currently resist. Looking the other way, we will similarly check the current resistance points that BTC will have to face again in further increases. And here you can see that the first significant resistance should appear at the level of $36,777, and then the price will be able to move towards a strong resistance zone from the level of $37,326 to the level of $38,026. When we turn on the EMA Cross 10 and 30 indicator, we can see that the red ema corss 10 line is approaching the intersection of the green ema cross 30 line from below, which will potentially confirm the return to the local uptrend. Please pay attention to the CHOP index, which indicates that there is still some energy left for movement, the RSI indicator shows a dynamic increase with room for the price to go higher, but the STOCH index exceeded the upper limit, which may result in a local price recovery.
COINBASE:BTCUSD
by cryptodailyuk
1
#GBPCHF buying opportunityHello dear traders and friends, let's take a look at this chart and explore the potential buying opportunity. As observed in the chart, we have a clear bullish market structure. Therefore, as long as the price remains above our horizontal arrow, which marks the 1-hour timeframe low in the market, as well as the previous day's low, we are interested in taking long positions. In addition to the market structure, other confluences include the price being above the 1-hour and 4-hour timeframe EMAs, and above the 4-hour timeframe bullish trendline. This recent bearish move could also be viewed as a pullback to the bullish trendline, as indicated in the chart. With the market structure in our favor and supported by a cluster of bullish confluences, we have sufficient confidence to open a long position in this pair. I'll place my stop-loss just below the arrow line because if the price is able to go lower than that, it would signify a break in the structure to the downside. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
2
BTC/USDT Short-Term Chart 1HHello 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 struggling to stay in the local horizontal trend channel. After unfolding the trend based fib extension grid, you can see a support zone just below the side trend channel from $26,113 to $35,711, and further decline may stop the support at $25,220. Looking the other way, a resistance zone has formed from $36,568 to $36,784, followed by a strong zone from $37,324 to $37,725. Looking at the CHOP indicator, we see that there is still energy for a decline, and the RSI indicator, similarly to the STOCH indicator, also shows room for a deepening downward move.
COINBASE:BTCUSD
by cryptodailyuk
BNB/USDT 4HInterval Chart Hello everyone, I invite you to review the BNB chart taking into account the four-hour interval. We will start by defining the upward trend channel from which the price broke out at the bottom and the decline itself was similar in size to the channel, then using the yellow line we define the downward trend line from which the price broke out at the top and created the upward trend channel in which we are currently moving. Let's start by marking support areas for the price and we can see that the first support zone is from $244 to $236, but if the price drops lower, we can see the price return to the second zone from $223 to $214. Looking the other way, we can similarly determine resistance, but here, after unfolding the Fib Retracement grid, we have a visible strong resistance zone from $248 to $261, until the price overcomes it it will not be able to grow further. The CHOP index indicates that there is still energy for a move, the RSI indicator shows a recovery, despite a small movement on the price chart, there is still room for the price to go lower, while on the STOCH indicator we fell to the lower limit, which resulted in a slowdown in the recovery and gives a temporary sideways trend.
by cryptodailyuk
ETH Short-Term Chart 1HIntervalHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price has moved higher from the local downtrend line. After unfolding the Trend Based Fib Extension grid, we can see the price increasing towards the strong resistance zone from $2,100 to $2,124, which effectively stopped the increase, and then there is resistance at $2,155. Looking the other way, you can see the support zone from the level of $2077 to the level of $2059, and then we have support at the level of $2009, before a larger correction. Looking at the CHOP indicator, we can see that energy is currently being used for growth, the RSI indicator has room for the price to go higher, while the STOCH indicator approached the upper limit, which stopped the current upward movement.
by cryptodailyuk
1
EURUSD TOP DOWN ANALYSIS FOR 13/NOV/2023From the daily timeframe, you can see that eurusd is in an upward channel. I will expect to see the channel last for the next few weeks because there's a possibility that the price will touch a weekly resistance zone for a retracement up above. However, the price moves in trends and made a higher high two weeks ago. Throughout last week, the price has been on a retracement move downwards and I expect the retracement to continue even lower than last week's low before the next impulse for the higher high comes. On the 4h timeframe, we have a temporary downward channel which we expect the price to respect all the way down to 1.06500 or even lower within this week before the next move upwards again. On the 1h timeframe, that's where I look for trading levels and from what I can see, the price is trading between 1.07000 and 1.06500. Like I already said, I expect to see the price drop so before I will take any trade, I will expect to see the price rise to the most recent resistance which is the 0.07000 level which will meet with the descending trendline resistance and act as a confluence for a possible move downwards. In a nutshell, I will expect to see the price rise to the 0.07000 level before I start looking for selling opportunities down to last week's lows and ultimately 0.06500. Tune in by 6:30am WAT for a video analysis on the pair.
by Francisbluepipsfx
2
BTC/USDT 1H Chart Hello everyone, let's take a look at the BTC to USDT chart for one hour. As you can see, the price is struggling to maintain the downtrend line. After unfolding the Trend based fib extension grid, you can see a strong support zone from the level of $37,011 to the level of $36,673, with a larger decline, the price should have support at the level of $35,735. Looking the other way, we can see that the level of $37,428 is reducing the price, but we still have a strong resistance zone from $37,866 to $38,183. Looking at the CHOP indicator, we see that there is energy for a continuation of the movement, the RSI indicator is moving in a sideways trend, while the STOCH indicator indicates a possible price drop.
COINBASE:BTCUSD
by cryptodailyuk
7203_Breakout (Bullish)7203 has been in bearish trend (correction) for a while after making All Time High. Formation of LL, LH respecting a descending trendline resistance (Triangle Top) Recently has made a double Bottom confluenced with Golden Pocket, Good Support Level. Breakout of Descending Trendline is observed for first time in a while. After retest, trendline is respected (acting as support). Long position above horizontal resistance line can be taken (confirmation after formation of HH) Bullish trend will be confirmed after formation of HL Trade with SL
TADAWUL:7203Long
by YASIRWA
BNB Short-Term Chart 1HHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the Trend Based Fib Extension grid, you can see the support lines at $252.6, and then there is a visible support zone from $247.9 to $245.8. Looking the other way, you can see that the price is approaching the resistance zone from $255.8 to $258, and then we have resistance at $261.3. Looking at the CHOP indicator, we see that there is still some energy left for the move, the RSI indicator shows an increase with room for the price to go slightly higher, but the STOCH indicator shows that the upper limit has been exceeded, which may result in a price recovery.
by cryptodailyuk