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Supportandresitance

ETH/USDT 4HInterval ReviewHello everyone, let's take a look at the ETH to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local downtrend line. After unfolding the Trend Based Fib Extension grid, we see that the price has returned and remains at the support level of $1,579, but we may still see a decline to the support level of $1,473. Looking the other way, we have a significant resistance zone from $1,662 to $1,694, and then resistance at $1,734 before further increases. Looking at the CHOP indicator, we can see that the energy has been used, while the STOCH and RSI indicators also indicate that the energy has been exhausted, which stopped a further decline in this movement.
by cryptodailyuk
LTC/USDT 4HInterval ReviewHello everyone, I invite you to review the chart of LTC in pair with USDT, on a four-hour interval. First, we will use the yellow line to mark the downward trend lines from which the price has gone up, while locally we can see that we are moving in a sideways trend channel. Moving forward, we can move on to marking support areas when we return to the correction. And here you can see that the lower border of the channel is also a support zone lasting from $63.28 to $61.97, but when we fall lower, we still have support at $60.10, and then support at $57.69. Looking the other way, we see that the price has reached an important resistance zone from $65.71 to $67.91, which it does not have the strength to break yet. However, if we manage to break out of this zone and the upper border of the channel, we still have strong resistance at $70.69. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move. On the STOCH indicator, we are exceeding the upper limit, which may end the current upward movement and translate into a price recovery, while on the RSI indicator, there is still room for the price to grow.
by cryptodailyuk
3
ETH/USDT Short-Term Review ChartI invite you to review the chart of ETH in pair with USDT, also on the one-hour time frame. Let's start, as in the case of BTC, by marking the local upward trend line from which the price came out lower. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and as you can see, the price remains in a strong support zone from $1,635 to $1,603, but when we fall below this zone, we may see the price drop to the support level of $1,563. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here, on the upward path, there is a strong resistance zone from $1,661 to $1,679, then we have resistance at $1,696, and then the second zone from $1,720 to $1,751. The CHOP index indicates that we have more and more accumulated energy, on the STOCH indicator we are in the process of recovery, which is also confirmed by the RSI indicator, where we could see a quick withdrawal from the upper part of the range.
by cryptodailyuk
BTC/USDT 1H Interval Short-TermHello everyone, I invite you to review the current situation on BTC in the USDT pair, taking into account the one-hour interval. First of all, we will use the yellow line to mark the local upward trend line from which the price broke down. As we can see, despite several attempts to return above this line, the price was rejected. Now we can move on to marking support areas in the event of a correction. And here, first of all, it is worth marking the support zone which stopped the current correction from $27,248 to $27,012, but when we fall below this zone, we may see a drop to around $26,710, and then a quick decline even to the support level at $25,846. Looking the other way, we can determine resistance locations in a similar way using the trend based fib extension tool. First, we will mark the resistance zone from $27,776 to $28,152, when it is overcome, we have resistance at $28,458, and then a strong resistance zone from $28,762 to $29,195. Please pay attention to the CHOP index, which indicates that the energy is gaining more and more strength, the STOCH indicator shows a quick use of energy and then a sudden increase, but looking at the RSI index, we have not exceeded the lower limit, which may still affect the next correction attempt.
by cryptodailyuk
BNB Short-Term 1HInterval ReviewHello 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 below the local uptrend line. After unfolding the FIb Retracement grid, we can mark a strong support zone with a price ranging from $212 to $209.7, while we still have support at $206.5. Looking the other way, there is a resistance zone from $214.9 to $215.9, then there is resistance at $217.2, another at $219.1, and then there is resistance at $221.6. Looking at the CHOP indicator, we see that there is some energy left for continuation, the STOCH indicator shows that the upper limit has been exceeded, which resulted in another recovery, and the RSI shows a pullback, which may result in a greater drop in the price.
by cryptodailyuk
BTC/USDT 4HInterval ReviewHello 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. When we spread the trend based fib extension grid, we can determine the support zone from $27,411 to $27,084, but when this zone is broken, we still have strong support at $26,141. Looking the other way, you can see that the price was rejected by the resistance at $28,156, then we have a second resistance at $28,467, and then a strong resistance zone from $28,783 to $29,218. Looking at the CHOP indicator, we can see that the collected energy is used to increase the price, but the STOCH indicator shows that we have approached the upper limit, which resulted in a recovery, while the RSI indicator has returned to the middle of the range, but there is still a lot of room for recovery.
COINBASE:BTCUSD
by cryptodailyuk
3
#OIL selling opportunityHi dear traders and colleagues, lets look at oil and see if there is any selling opportunity in this commodity or not. As you can see on the chart we have done a research and find out that any time when stochastic indicator is in overbought in Weekly timeframe and cross below cross below its signal line we have seen a bearish move by the price. Other things that gives us more confluences to take this trade is the fact that price currently is testing resistance area and also close to tentative bearish trendline. from fundamentally perspective also we know although we shortage supply by the side of suppliers especially from Saudi Arabia but the fact that we are close to the end of hiking cycle by the central banks and as a result we can see some damages in economic which cause lower demand for the oil. These are all showing that at least having a bearish correction move in Oil prices is possible and even if price wants to go higher we can have correction from this area.
CAPITALCOM:OIL_CRUDEShort
by mohemati
DOT Short-Term 1HI invite you to review the chart of DOT in pair with USDT, on a one-hour interval. First, we will use the yellow line to mark the local upward trend line from which the price came out on top. Going further, we can move on to marking support areas when we start a larger correction. And here we can see that the price remains in a strong support zone from $4.06 to $3.97, but when this zone is broken we may see a drop to the area of the second zone from $3.84 to $3.78. Looking the other way, it is worth starting by marking the important resistance zone from $4.17 to $4.22, and then before larger increases the price must overcome the resistance at $4.30. Please look at the CHOP index, which indicates that there is a lot of energy for the upcoming move, the STOCH indicator shows that there is room for the price to go a little higher, similarly on the RSI indicator, we are moving in the lower part, which may result in a rebound.
by cryptodailyuk
BNB/USDT 4HInterval ReviewHello everyone, I invite you to review the chart of BNB in pair with USDT, also on a four-hour interval. Let's start by marking with a yellow line the local downward trend line from which the price came out on top. However, at this point you can see that despite the top leaving the downtrend line, the price is moving just above it in a downward movement. As we can also see, the attempt to return above EMA Cross 200 and, consequently, to a strong upward trend was unsuccessful and we quickly returned to the previous level. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and as you can see, the price has returned to the strong support zone from $215 to $210, but if the current zone does not hold the price, we may see a drop to the strong support level of $203.4. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here, as the first resistance, we have a zone from $219 to $223, which rejected the price, only after breaking it higher will we be able to see an attempt to attack the resistance levels at $228, and then another resistance at $234.9. The CHOP index indicates that the energy has been used and we are currently experiencing a slight increase, the STOCH indicator also shows a strong depletion of energy, which has slowed down the price declines, while the RSI shows a strong deviation to the lower part of the range, which creates a lot of room for increases, but before that we may still see an attempt to go down prices a little lower.
by cryptodailyuk
BTC/USDT 4HInterval Review ChartHello everyone, I invite you to review the current situation of BTC in the USDT pair, taking into account the four-hour interval. First, we will use the yellow line to mark the downward trend lines from which the price has moved into the upward trend channel marked with blue lines. When we look at the EMA Cross 200, we see that the price remains above the blue 200 moving average line, which indicates that the uptrend is continuing. Now we can move on to marking support areas in the event of a correction. And here, first of all, it is worth marking the support zone in which the price currently ranges from $27,711 to $27,180, but when we fall below this zone, we may see a drop to the area of the second zone from $16,309 to $25,682. Looking the other way, we can determine resistance locations in a similar way using the Fib Retracement tool. As you can see, the price after crossing the resistance at $28,190 and touching the upper border of the channel was quickly reversed, but when we manage to break above this resistance, we can see an attempt to increase towards the strong resistance zone from $29,087 to $30,219. Please pay attention to the CHOP index, which indicates that after the previous strong exhaustion, we are trying to rebuild energy, on the STOCH indicator we are clearly moving towards the lower limit, which confirms the sideways trend and energy collection, while on the RSI indicator, despite the recovery, we returned to the middle of the range, which indicates that there is still room for the price to be brought down.
by cryptodailyuk
3
LTC/USDT 4HInterval ReviewHello everyone, I invite you to review the LTC/USDT chart on a four-hour interval. As we can see, the price remains above the local upward trend line marked in yellow. At this point, it is also worth marking the first and currently second attempt to exit the moving average above 200, which indicates a return to the upward trend, but now the price must remain above the blue line. When we unfold the FIb Retracement grid, we see the first support at the level of $66.24, then we can mark a strong support zone from $64.60 to $63.28, then support at the levels of $61.97, and then another support at the level of 60, $08. Looking the other way, we immediately see that the price has been rejected from the strong resistance at $67.95, and when it overcomes it, it must face another strong resistance at $70.74 before further increases. When we look at the CHOP index, we can see that the recovery affects the gathering of energy, the STOCH indicator shows that despite the decline, the recovery creates room for stronger upward price movements, while the RSI indicator has not reached the upper limit, which may indicate that the price will try to increase again when BTC will stay around $28,000.
by cryptodailyuk
ETH/USDT 1DInterval Review ChartHello everyone, I invite you to review the ETH pair to USDT chart, also on a one-day time frame. First of all, we can use the blue lines to mark the downward trend channel in which the price has been moving for a long time, while locally, using the yellow line we can mark the downward trend lines from which the price has gone up, but here you can see that after crossing the blue line EMA Cross 200 the price was quickly withdrawn, which confirms the continued downward trend. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and as you can see, the price has left the strong support zone from $1,664 to $1,535, only when it falls below this zone can we see a drop to the support level of $1,369. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here we can see the price retreating before the resistance level at $1,765, then we have a visible resistance zone from $1,838 to $1,910, only after breaking upwards from this zone should the price attempt to attack the levels of $2,013 and then the level of $2,143. The CHOP Index indicates that most of the energy has been used. The STOCH indicator shows that the upper limit has been exceeded, which has exhausted the energy and resulted in a price recovery, while the RSI indicator, despite the increase, still shows room for the price to go higher, which indicates that when the energy regains, we may see another upward movement.
by cryptodailyuk
4
BTC growth, what's next?Hello everyone, I invite you to review the current situation of BTC in the USDT pair, taking into account the one-day time frame. First, we will use the yellow line to mark the downward trend line and, as we can see, the price has moved upwards from this line, and we can also see that in the same place the price has broken the blue EMA Cross 200 line, which indicates a return to the upward trend. Now we can move on to marking support areas in the event of a correction. And here, after unfolding the Fib Retracement grid, we first have support at the level of $27,483, and then we need to mark a very strong support zone from $26,284 to $24,777. Looking the other way, we can determine resistance areas in a similar way. First of all, we will mark the resistance that the price is currently struggling with at the level of $28,360. As you can see, at the moment the price has returned to this level, only when it is positively tested will it move towards the resistance zone from $29,175 to $30,337. and then we have strong resistance at $31,819. Please pay attention to the CHOP index, which indicates that most of the energy has been used, the STOCH index also exceeded the upper limit, which resulted in the inhibition of the upward movement, but the RSI index shows an increase, but with room for the price to go further, which is worth taking into account .
by cryptodailyuk
2
DOT/USDT 4H interval Review ChartHello everyone, let's take a look at the DOT to USDT chart on a 4-hour time frame. As you can see, the price has broken out of the downward trend line and is currently fighting with EMA Cross 200 to return to the strong upward trend. After unfolding the Trend Based Fib Extension grid, we have a visible support zone from $4.13 to $4.07, and then there is a strong zone from $4.03 to $3.98. Looking the other way, you can see that the price is fighting a strong resistance at $4.19, and when it overcomes it, it must pass a second resistance at $4.26 before further increases. Looking at the CHOP indicator, we see that most of the energy has been used, while the STOCH indicator and the RSI indicator indicate that the upper limit has been exceeded, which may slow down the current growth and provide a moment of relief.
by cryptodailyuk
2
GOLD sellGold was Bearish current month and will could be bearish in next month the if it goes bullish then first target could be 1858 level and if Remains bearish then the next target 1831 to 1827 level the we could see a possible move in bearish trend to 1815 level which is last year lowest for gold then we could possibly see gold to rally upwards so we hope gold will show us some patatince on next month opening keep trading take care of balances keep an eye on R:R if you will sustain in market you will earn
OANDA:XAUUSD
by Wakeel_Saab
📈 Charting Lesson: What do I even look for in a chart?!Full-time trader here. Sharing some knowledge for free . If this helps you, show some love: follow me for more and like this idea. 👍 Why do I need a chart anyway? First, we need to convince you of why you need a chart. No problem. Let's say you're a fundamental analysis investor. The stock has to make sense. The stock has to last forever. It needs to be a growth stock. Let's say... NASDAQ:AAPL NASDAQ:GOOG NASDAQ:NVDA NASDAQ:TSLA is a good example over the last few years. Now that you found a good candidate, when are you going to buy? At an all-time high? At an all-time low? One share a day? One share a week? No. Buying a stock without looking at the chart is like driving with a blindfold. Don't do it. Pull up a chart. Observe past price action. Try to find a trend. Plan your entry. Do this even if you're going to hold for 20 years. When I pull up a chart, what do I look for? I just see a bunch of lines. Let's first make sure you are looking at the correct view. On the top left corner of your screen, you'll see your user icon. Next to it is the ticker. Next to it is the interval. Next to THAT is the chart type. Make sure you select "CANDLES". Not "hollow candles". Here's how it should look: Mine may look a bit different because I changed my theme. But the candles is what we care about. Now the juicy part. Support and Resistance are Key Reversal Levels. When you open a chart, the first thing you want to do is look for areas where the price has reached in the past and reversed or got rejected or bounced. For example, every time SPY reached 443.37 in the chart above, it reversed. Let's call this a, "key level". If the price is ABOVE that key level, the line is called SUPPORT. If the price is BELOW that key level, the line is called RESISTANCE. Using the horizontal line tool, make sure you have these key support and resistance levels on your chart. Try to ONLY buy near support and sell near resistance. If the stock is choppy, do your best. If you can't, skip it and go to another stock. There's thousands! Stocks, Currencies, and Cryptos Move in Trends. Up or Down. Next, try to find a "trend". A trend is something where if you connect the dots, the price jumps right from that straight line. Pull out your trendline tool and try to connect some dots. Don't go through any candle bodies. Going through wicks is okay. It's actually recommended. Three touches are required to make a valid trendline. If you see only TWO touches? Is the price going TOWARDS the trendline if you were to extend it? There's a good chance it's going to head towards that TL and bounce! Good job. You found a good trade potential. Identify Reversal or Continuation Patterns. Look for known patterns. In the example above, there is a "head and shoulders" pattern. This is a bearish reversal pattern. Know that not all patterns will come true. It's good to know the overall signal the market is giving. If every trader sees it, it's likely not going to happen. In the above example, a looming H/S pattern is scary given already bad economic conditions and recession/ inflation worries. In this case, the market may be trying to tell you something. Understand that these patterns are not just nice-looking drawings on a chart. They work because they display some sort of buyer/ seller psychology. I will post more examples of known patterns on my TradingView profile soon. Be sure to follow if you want to learn more. If you benefitted from this, you are welcome to follow me, comment any questions, or share this with your friends. Good knowledge should be free. I'll post more insight soon. Thank you for reading and for your continued support. 👍
AMEX:SPYEducation
by kingdips
3