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Supportandresitance

MATIC/USDT 4HInterval Resistance and SupportI invite you to review the MATIC chart in pair to USDT, as before on the four-hour interval. First, we will use the blue lines to mark the downtrend channel where the price is moving sideways from the downtrend line. Moving on, we can move on to marking support areas when we start a larger correction. And here we are approaching a strong support zone from $1.13 to $1.10, however, if the price goes lower we have a second strong support zone from $1.06 to $0.94, and then we can mark the support line at $0.94. Looking the other way, we see that the price hit the important resistance zone from $1.18 to $1.26, where it immediately turned around. However, if we manage to break out of this zone above, we have the second resistance at $ 1.33, and then the third resistance at $ 1.44. Please look at the CHOP index, which indicates that the energy on the 4-hour interval has been used, the MACD indicates the maintenance of the local uptrend, while the RSI shows a strong rebound right after crossing the upper limit of the range.
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by cryptodailyuk
Daily ETH 1DChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, taking into account the one-day interval. As we can see, the price broke the main downtrend line and then exited the downtrend channel above. We are currently moving in a new uptrend channel. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the support, and as you can see we have the first support at $ 1841, when the price goes lower we have a strong support zone from $ 1658 to $ 1507 and then we have support at $ 1364. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first very strong resistance at the price of $ 2236, when the price goes up and positively tests it, the second resistance will be encountered at the price of $ 2558, then the third resistance at the price of $ 3010, and the next fourth resistance at the price of $ 3585. It is worth paying attention to the EMA Cross 50 and 200, which indicate the place of return to an uptrend after a long-term downward trend. The CHOP index indicates that the energy has been used. The MACD indicator indicates an ongoing uptrend. On the other hand, on the RSI we have crossed the upper border of the range, which may weaken the further increase in the price and give some moments of rest.
by cryptodailyuk
Daily BTC 1DChart - LONGTERMHello everyone, I invite you to review the current situation on BTC in pair to USDT, taking into account the one-day interval. First of all, using the yellow line, it is worth marking the downtrend that the price has overcome and we are currently moving in the uptrend channel marked with blue lines. Now we can move on to marking the places of support in the event of a correction. And here we see that we have the first support at HKEX:27 ,017, when the price goes lower, the second support is at $24,821, then the third support is at HKEX:23 ,030, and below we have the fourth very strong support at HKEX:21 ,181. Looking the other way, in a similar way using the FIB Retracement tool, we can determine the places of resistance. First, we will mark the resistance zone where the price is currently from HKEX:28 ,000 to HKEX:31 ,754, when it manages to break it, the price may encounter resistance at HKEX:35 ,625, then resistance at HKEX:41 ,172 and a fourth resistance at HKEX:48 ,221. It is worth paying attention to the EMA Cross 50 and 200, as we can see when the yellow line of the EMA Cross 50 crossed the blue lines of the EMA Cross 200 from below, this confirmed the entry into an uptrend after a very long decline. Please pay attention to the CHOP index which indicates that we still have the energy to continue the move, the MACD indicator indicates a return to the uptrend, while the RSI has touched the upper limit of the range, which may affect the price going sideways or give a small rebound.
by cryptodailyuk
1
ALGN - Will earnings be the catalyst?ALGN gapped up strongly on Earnings beat during its last earning on 1st Feb23. It then subsequently corrected and partially closed the gap, finding support eventually @ 297 the previous neckline region (now tuned support) and also right at the 38.2% fib retracement of the big recent upswing AB. Since it's last Earnings, the stock had been wedging in a range but what is clear is that the bogger trend is likley still on the upside as there was a Golden Cross that occured on 14 Feb (nearly 2 month ago) with both the 50 and 200 day MA sloping up now (mild slope for the 200 day MA as it will take a longer time to refect the new trend). Plus the fact that the stock has been holding above it's basing formation neckline. Any dip back towards the neckline region (297-303) could be an opportunity to long. I suspect the coming earnings expected on 26th April could provide the catalyst to propel it above this trianglle pattern. However, trade earnings at your own risk. If trade works out, I will be watching to scale out (partially) from 425 - 455, and manage the rest of the position with trailing stops. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:ALGNLong
by Juliac
DOT/USDT 1DInterval Resistance and SupportHello everyone, I invite you to view the DOt/USDT chart on a one-day time frame.. First, we will use the yellow line to mark the downtrend line from which the price went up. Moving on, we can move on to marking support areas when we start a larger correction. And here we see that the price is just below the first support, then we have a support zone from $6.11 to $5.93 in front of the price, third support at $5.74, and then fourth support at $5.49. Looking the other way, we see first resistance at $6.53, then second resistance at $6.86, then third resistance at $7.32 Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the MACD indicates that we have entered an uptrend, while the RSI has left the downtrend.
by cryptodailyuk
Daily BNB 4HChart - resistance and supportHello everyone, welcome to a chart review of BNB vs USDT on a four-hour time frame. First of all, using the blue lines, we can mark the local downtrend channel in which the price is currently moving. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and here it is worth marking the support zone in the first order where the price is from $ 315.5 to $ 305.8, the second support at the price of $ 296.3, and then the third support at the price of 282, $6. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first strong resistance at $317.6, then we can mark the resistance zone from $323.2 to $328.7, when it manages to break it, the next resistance is at $336.5, and then the fourth at $346 $6. The CHOP index indicates that the energy has been used. The MACD indicator is in an uptrend. On the other hand, on the RSI we see a rebound to the lower part of the range, which creates room for new increases.
by cryptodailyuk
1
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price has bounced off the local downtrend line. Let's start with determining the support line and as you can see, it is worth marking the support zone from $27993 to $27710 first, if the support is broken then the next support is $27481, $27260 and $26929. Now let's move to the resistance line, and here too we can mark the resistance zone from $28275 to $28593, if you manage to break it, the next resistance will be $28911 and $29357. Looking at the CHOP indicator, we see that we have a lot of energy to move further, the MACD is on the verge of returning to an uptrend, while the RSI is in the middle of the range and we can expect a small price rebound.
by cryptodailyuk
1
Support turned Resistance in VoltasVOLTAS weekly chart has exhibited a typical support turns resistance price behavior in the 920 zone. The stock took support in this zone in Apr'21 and again a couple of times in May'22. It finally left this zone toward the down side in Sep'22 only to bounce back against the 920 support zone six months later in Mar'23. However, this time the 920 zone has turned out to be a resistance, a typical behavior in technical analysis, and the stock has fallen sharply from there. The weight of the evidence now points toward further downside in the price.
NSE:VOLTAS
by vipulmehta817
S&P 500 Weekly Technical AnalysisES Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines , Parallel Channel, Cluster, Confluence, Fibonacci Retracement, Pitchfork, Modified Schiff Pitchfork - 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.
CME_MINI:ES1!
by BahamasX
AMAT -Rising Trend Channel [SHORT TERM]- AMAT is in a rising trend channel in the short term. - AMAT has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 119. - Further rise to 128 or more is signaled. - AMAT has support at 110 and resistance at 124. - Overall assessed as technically positive for the short term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price We hope that you have made good gains with the #wavepoint Verify it first and believe later. WavePoint ❤️
NASDAQ:AMATLong
by wavepoint99
EURUSD Monthly Technical AnalysisEURUSD Monthly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Confluence, Cluster, Fibonacci Retracement, Channels - 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.
by BahamasX
2
Short Term Pain / Long Term GainsThe current short term outlook for DOMO doesn't appear to be great. Taking a step back to look at the longer trend makes this chart a lot more bullish . Two lines of curved resistance have been added to reinforce this idea. Could plausibly roll into something like a Cup & Handle , but not enough information/confirmation to chart that. Pivots have been added just because, although I've seen charts where that are more informative. $10 is a significant price level so I added that. It also appears to be relatively where the completion of this Bear Flag would be if it goes through on Opening Bell. The demise of First Republic Bank perhaps would almost assuredly send it to this price range as well. The overarching fear for the tech/startup space is no room for parking cash. This could drastically disturb any noted trends here. Yes, this is a repost, but for some reason the chart was blank until it was clicked on prior. Tell me if I'm wrong. I don't mind. Please don't ad hominem though. DYOR/DYOC.
NASDAQ:DOMOLong
by mrniemeier
JPYX INC BULL SWINGJapanese Yen is nearing a crucial point of FIBO level 61 This level can be see as a pivot point for price action many times over and over again The yen fundamentally is in a 20+ Year run of Qualatative easing and negative interests rates The new BoJ Ueda seems very reluctant to use any type of terminology that leads one to believe that a swift change is on the horizon However the tides are still shifting for the YEN and the consensus of a great majority of economists in the region is that its not a matter of IF QE will stop, its just a matter of WHEN Assuming our critical fibo level holds as support for the WEEKLY uptrend, then we should see the DAILY/H4 trend turn from BEAR to BULL at these levels Our targets are painted by the Fibo Extension of the potential support levels
PEPPERSTONE:JPYXLong
by NakedTrading4U