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Supportzones

SOL/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the SOL chart in pair to USDT, the same as its predecessors on the four-hour interval. First, we will use the blue lines to mark the sideways trend channel where the price is moving at the lower border, while locally, with the yellow line, we can mark the local downtrend line. Moving on, we can move on to marking the places of support. And here we see that the price is in a strong support zone from $21.52 to $20.02, if this zone does not hold the price, we can see a strong drop to around $15.62. Looking the other way, we see that the first resistance is at $22.09, which was previously support for the price. Next we have support at $23.18, third at 24.08, fourth at $24.98 and fifth at $26.25, at the upper limit of the sideways trend channel. Please look at the CHOP index, which indicates that the energy has been used, the MACD indicates that we are in a downtrend, while the RSI is moving in the lower part of the range, which could potentially be the reason for the trend reversal.
by cryptodailyuk
BNB/USDT - Resistance and Support - 4H IntervalHello everyone, welcome to a chart review of BNB vs USDT on a four-hour time frame. First, we will use the yellow lines to mark the triangle in which the price is moving. Moving on, we can move on to marking support areas when we start a larger correction. And here, first of all, we have a support zone from $311 to $305, when the price goes lower, we have another support at $300, and then around $292. Looking the other way, we see that the price is fighting a strong resistance at $ 317, which so far it has no strength to break. However, if it manages to break out higher, the next resistance will appear at $326, and then at $338. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, MACD indicates that we are moving in a downtrend, while the RSI shows a rebound, which may positively affect the price increase.
by cryptodailyuk
Future daily inverse H&S in TESLA? CPI reading could be decisiveThe recent rally of Tesla could be unstoppable. At least, until $316.10 level. A formation of an inverse head and shoulders could be underway should inflation lay low next Tuesday 14th of February CPI reading. However, in the context of high tensions between China and the US and Russia and Europe; other variables may affect the market destroying any prediction based on Chart Patterns. That is why, the support level of $166.47 should not be lost to continue believing in the beautiful bullish figure of the inverse H&S. The level $258.58 could act as a resistance after the figure is completed, dragging TSLA down following the downtrend channel since Nov 3, 2021. Let's see how it develops!
NASDAQ:TSLALong
by alexinve
3
CROUSD - Oversold - Small PumpOn the 1h timeframe chart of Cronos (CROSUSD), we can see that the price is oversold. The indicators used are the Bollinger Bands, Relative Strength Index and Stochastics. All three indicators are identifying the same oversold condition. The price is approaching a support zone. Previously this support zone was strong resistance. So it's likely that the price is going to be supported. In combination with the oversold condition, it's a double confirmation for the price to increase. All further details are shown on the chart. Goodluck!
COINBASE:CROUSDLong
by vf_investment
1
RAIN - Bullish Swing Reversal with VolumesNSE: RAIN is closing with a bullish candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 13% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:RAINLong
by BrahmaBull31
ITI - Bullish Swing Reversal with VolumesNSE: ITI is closing with a bullish candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 13% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:ITILong
by BrahmaBull31
Daily review of BTC interval 1HHello everyone, let's look at the BTC to USDT chart on a 1-hour time frame. As you can see, the price is moving in a triangle marked with blue lines where it is approaching the exit. Let's start with the support line and as you can see the first support in the near future is the support zone from $16952 to $16927, if the support is broken then the next support is $16903 and $16870. Now let's go from the resistance line, as you can see the first resistance is $16969, if you manage to break it, the next resistance will be $17021, $17064 and $17105. Looking at the CHOP indicator, we see that we have a lot of energy to make a move, the MACD indicates a local downtrend, while the RSI turns up.
COINBASE:BTCUSD
by cryptodailyuk
2
Daily review of BTC interval 1DHello everyone, let's look at the BTC to USDT chart in the 4-hour timeframe as you can see we are moving in the downtrend channel marked with the blue lines. As for support, we should watch BTC price behavior within the channel, as a break below the designated channel can give a quick drop to a strong support zone from $13,172 to $12,709. On the other hand, when the price starts to rise, we can mark resistance places with green lines and in this situation, the first resistance is at $ 17,771, if the price breaks it, the next resistance is at $ 19,203 and $ 20,352. As you can see on the one-day interval, we have a lot of energy, the MACD indicator indicates a change in the trend to an upward one, and the volume for the last two days indicates the advantage of sellers, but it is clearly low.
by cryptodailyuk
2
CHZUSDTHello Dear friends If this month's candle closes positively, the situation will be very attractive, isn't it!?!? On the weekly time frame, is it possible to complete the head and shoulder pattern at the end of the downward trend? On the daily time frame a bullish overlapping candle has been created for us, the $0.129 support area has been maintained so far. At the same time we have an LL. Currently, due to the type of movement, we are not in a mindset to see areas above $0.291. The CHZ token is one of the most important sports fan tokens, which has a high probability of positive fluctuations due to the World Cup. We would be happy to hear your comments
Long
by FiboTech
2
The Dow Jones Has Bullishly Confirmed A Partial DeclineBoth the DJI and the SSPX have been trading within this Descending Broadening Wedge since the year begun and both have shown Bullish Variables that have allowed it to hold above a Horizontal Support Level. In this time The Potential for a Partial Decline has made itself present on the chart but the SPX has yet to confirm the Partial Decline of the Descending Channel. However, where the SPX has so far failed to the Dow has Succeeded in that it has come back up to challenge the Supply Line of the Broadening Wedge after having failed to come back down 100% of the way to test the Demand Line thanks to it being held up by a strong weekly horizontal support level and some strong amounts of Bullish Divergence at that very level. If we are to go by Bulkowski's statistics for Descending Broadening Wedge Partial Declines the DJI now has an 87% chance of successfully breaking out of the Wedge to the upside. The measured move for such a pattern would take us back up to the inception of the pattern. I personally will be targeting the 0.886 and 1.13 Retraces. Hopefully this will be a sign of things to come to the SPX which is still trading near it's Equally as Important Horizontal Support Level.
DJ:DJILong
by RizeSenpai
Daily review of BTC interval 1DHello everyone, I invite you to the BTC / USDT review on a 1 day interval, as you can see locally the price is above the uptrend line and above the first trend. Let's move on to determining the support as you can see the first support zone in the near future starts from $ 20,225 to $ 19,974, while the next support zone is much larger and starts from $ 19,295 to $ 17,640. If we look the other way around, we'll set the points of resistance and in this situation the first resistance zone starts from $ 2790 to $ 21119, while the second resistance zone starts from $ 22,510 to $ 23,675. Please pay attention to the CHOP index which indicates that in the 1D interval most of the energy has been used, and the MACD indicator indicates that we are close to a downward trend change.
by cryptodailyuk
Chiliz Analysis for Mid-TermHi all. lets take a look at CHZ altcoin. according to its growing platform and awsome plans for FIFA World Cup 2020 Qatar. lets analyze it with Elliot waves: CHZ starts an impulsive wave from 18 june 2020 and after end its 1st and 3rd wave its near the end of wave 4th and will start the last 5th wave in coming days. like you can see in my chart we are completing the B wave of 4th wave and it seems to be a Zigzag(5-3-5). after that wave C starts and according to bearish condition of the market i think wave 4th end in 0.16 level , a strong support level near 200MA and 100% level of fibo projection of wave A. after we reach this level i think wave 5th starts and the target is 0.2280 or more. if you take a position or purchase CHZ at spot market please dont forget to set a stoploss below the support level. wait for the end of wave C and after that you can enter this amazing altcoin. hope all of you have good trades and protect your capitals. thanks for reading my idea. share me your opinion in comments and make me happy.
Long
by TraderAmin-KZ
CRO / USDT 1W Interval- support and resistanceHi, let's take a look at the 1W CROUSDT chart. It is worth noting that we have dropped below the long-term uptrend and we are currently in the downtrend channel marked in blue. Looking further, it is worth determining the support that the CRO has in the event of further declines and here we can see that the price is currently in the support zone, which is from $ 0.111 to $ 0.098. If the price drops below this zone, the next strong support is around $ 0.584. Now let's move on to the resistance that the price will have to overcome to keep rising, and here we see that the first resistance zone starts at $ 0.137 to $ 0.162. The next zone starts at $ 0.199 to $ 0.261. Let us pay attention to the CHOP indicator which shows that we have a lot of collected energy. and the MACD indicator which shows that despite the current decline we are in an uptrend.
by cryptodailyuk
ETH - USDT, 1D Interval Resistance and Support ZonesHello everyone, let's take a look at the ETH to USDT chart on the one day timeframe as you can see the price is moving in the downtrend channel. Let's start with the designation of the support zone and we can see that we are currently in the upper limit of the zone, which is between $ 1,320 and $ 1,126. Now let's move on to the resistance zone, and as you can see, the first zone is from $ 1,527 to $ 1,629, while the second resistance zone is from $ 1,724 to $ 1,860. It is worth paying attention to the CHOP indicator which indicates that we have a lot of energy for the next move, while the MACD indicator indicates a local upward trend.
by cryptodailyuk
Lesson 2: Support & Resistance ZonesSupport an resistance zones are critical in the market. These are the juicy spots from which market-makers get to feed themselves immensely. Many traders get trapped in these zones. Buyers are trapped when the market-maker's intention is to SELL and sellers are trapped when the intention is to BUY. It very important for ordinary retail traders like you and I to be able to play the game the market-makers plays at SUPPORT AND RESISTANCE levels. This is how one can truly profit from the market. There's a lot of price manipulation going on at the S&R levels. Market-makers are also in this business to make money. Unfortunately it is the retail trader who fattens their pockets. The good news is that this can be avoided through PATIENCE, PROPER RISK MANAGEMENT ANN HIGH LEVEL OF TRADING PSYCHOLOGY. Things to avoid doing at SUPPORT & RESISTANCE levels: 1. Trading BREAK-OUTS instantly (a sure way to be caught in the opposite side) 2. Placing STOP LOSSES right on the zone (whipsaws will destroy you) -------------------------------------------------------------------------------------------------------------------------------------- I hope this bit of education will help you trade carefully at critical SUPPORT AND RESISTANCE ZONES. HAPPY TRADING!!
TVC:USOILEducation
by SMCSmartSniper1
Dark Pool Buy Zones and Sell Short Risk: LCIDDark Pool buy zones tend to provide strong support for stocks running down. If a stock violates the lows of such support, the rebound tends to come quickly, erasing any sell short profits. This young EV auto manufacturing company is near its IPO price range, which is strong support. The retest of the lows of this bottoming action doesn't show much downside potential for a strong sell short. There is risk that LCID may gap or run down but then reverse quickly and move back up. Whipsaw reversal candles near Dark Pool buy zones can cause big losses for short sellers at this level.
NASDAQ:LCID
by MarthaStokesCMT-TechniTrader