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Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $27659, if the support is broken then the next support is $27461, $27184 and $26837. Now let's move to the resistance line, as you can see the first resistance is $28129, if you manage to break it, the next resistance will be $28509, $28816 and $29113. Looking at the CHOP indicator, we see that the energy is gathering strength, the MACD indicates entering a local downtrend, while the RSI has a rebound, but there is room for the price to go a little lower in the coming hours.
by cryptodailyuk
8
Daily ETH 4HChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, also on a 4H interval. First, we will use the yellow line to mark the downtrend line above which the price is trying to stay. Now let's move on to marking the places of support. We will use the trend based fib extension tool to mark supports, and here we will first mark the support zone from $1820 to $1788, then the second support at $1755, the third at $1708. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we will also mark the resistance zone which so far the price has no strength to break from $1885 to $1924, if this zone is broken further we have resistance at $1975 and then we can see a strong increase around $2120. The CHOP index indicates that the energy has been used. The MACD indicator is in an uptrend. On the other hand, on the RSI, despite a small correction, we remain in the upper part of the range, which may limit further price growth.
by cryptodailyuk
XRP/USDT 4HInterval check the current situationHello everyone, I invite you to review the XRP chart on the four-hour interval. As we can see, the price has broken the downtrend channel marked with blue lines. Let's start by marking the price support areas and we see that we first have strong support at $0.45, but if the price moves lower, we can mark a strong support zone from $0.43 to $0.42, then support at $0.42 $0.40. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently fighting a strong zone from $0.48 to $0.49. We continue to have a strong resistance at $0.50, once the price breaks it it will move towards the resistance at $0.55. At this point, it is worth noting that the place of the first support is also the point through which the EMA Cross 200 is currently passing. The CHOP index indicates that there is still some energy left, the MACD indicates the continuation of the upward trend, while the RSI goes above the upper limit, which will most likely end with a price correction.
by cryptodailyuk
Daily BTC 1DChart - resistance and supportHello everyone, I invite you to review the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the blue lines to mark the downtrend channel in which the BTC price is moving. Now we can move on to marking support areas in case of deepening correction. And here, in the first place, it is worth marking the support zone from $ 27,462 to $ 26,854, but when we fall below this zone, we can see a drop around $ 26,342, then support at the price of $ 25,830 and even $ 25,148. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. We will first mark the resistance zone from $27793 to $28294, once it is broken the price has to face resistance at $28934 and then we can see a rapid rise to $30864. Please pay attention to the CHOP index which indicates that we have a lot of energy to move further, the MACD indicator indicates an uptrend, while the RSI is in the upper part of the range with a small rebound.
by cryptodailyuk
8
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour timeframe. As you can see, the price is moving above the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $1812, if the support is broken then the next support is $1796, $1782 and $1769. Now let's go to the resistance line, as you can see the first resistance is $1825, if you manage to break it the next resistance will be $1841 and then the third resistance at $1891. Looking at the CHOP indicator, we see that there is energy for further movement, the MACD maintains the local uptrend, while the RSI has a small rebound, which creates room for a future price increase.
by cryptodailyuk
BNB/USDT 1DInterval Resistance and SupportHello everyone, welcome to the BNB vs USDT chart review. As we can see, the price has moved downwards from the uptrend line, while currently we will use the blue lines to mark the downtrend channel in which the price is moving in the lower range. Let's start by marking the support spots for the price and we can see that the price is currently in a strong support zone from $310 to $299, however, if the price goes lower, we can see a strong drop in the price even around $268. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently bouncing off the $312 resistance. Next we have the resistance at $320, and the third resistance at $326, once the price breaks it will move towards the strong resistance zone from $331 to $339. The CHOP index indicates that there is a lot of energy for the move, the MACD, despite several attempts to change the trend, is still in a downtrend, while the RSI is moving in the lower part of the range, which gives room for price growth, but it is worth noting that there is room for the price to fall even more a little lower.
by cryptodailyuk
Daily ETH 1DChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, also on a one-day interval. First of all, using the blue lines, we can mark the uptrend channel in which the price is currently moving. Now let's move on to marking the places of support. We will use the trend based fib extension tool to mark the supports, and as you can see, we have the first support at $1809, the second support at $1767, the third support at $1734, and then we have support at $1703. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here price is fighting resistance at $1830, next resistance is at $1857, then third resistance at $1884 and fourth resistance at $1923. The CHOP index indicates that there is a lot of energy for the next move. The MACD indicator indicates the transition to an uptrend. On the other hand, on the RSI we see that a small price movement gives visible movements on the indicator, which can quickly reduce the room for further increases.
by cryptodailyuk
BTC/USDT 1daychart Review Hello everyone, I invite you to review the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the yellow line to mark the uptrend line from which the price went down, while we are currently moving in the downtrend channel, for which we used the blue line. Now we can move on to marking the places of support in the event of a correction. And here we see that the price is at the support level of $26640, then it is worth marking a strong support zone from $25289 to $23939, however, when we fall below this zone, we can see a drop to around $22028. Looking the other way, in a similar way using the fib retracement tool, we can determine the places of resistance. We will first mark a strong resistance zone from $29,008 to $29,880 when it is broken, then we have a second support at $31,023 and then a third support at $34,201. Please pay attention to the CHOP index which indicates that we have a lot of energy, the MACD indicator is on the verge of returning to an uptrend, while the RSI is moving in the lower part of the range, but it is worth noting that a small upward movement gives a visible movement on the indicator, which in the long run can quickly limit room for price 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 broken out of the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $26328, if the support is broken then the next support is $26089 and then $25904. Now let's move to the resistance line, as you can see the price is moving towards the resistance at $26804, if you manage to break it then we can see an attempt to attack the resistance at $27395 Looking at the CHOP indicator, we see that there is energy to continue the move, MACD indicates a transition to a local uptrend, while the RSI shows a visible increase, but there is room for the price to attack the first resistance.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving in the downtrend channel. Let's start with the support line and as you can see the first support in the near future is $26692, if the support is broken then the next support is $26063, $25562 and $25071. Now let's move on to the resistance line, as you can see the first resistance the price is currently fighting is $27380, if it breaks through, the next resistance will be $27744, $28285 and then the fourth resistance at $28934. Looking at the CHOP indicator, we see that most of the energy has been used, MACD indicates entering a local uptrend, while the RSI approached the upper limit, which quickly gave the price a rebound.
COINBASE:BTCUSD
by cryptodailyuk
10
XRP/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the chart of XRP in pair to USDT, as before, taking into account the time interval of four hours. First, we will use the blue lines to mark the downtrend channel where the price is moving in the upper range. Moving on, we can move on to marking support areas when we start a larger correction. And here in the first place we have a support zone from $0.43 to $0.40, we have a second support at $0.38, and then we have a third support at $0.36. Looking the other way, we see that the price has hit an important resistance at $0.46, which so far has no strength to break. However, if we manage to move upwards from this resistance, which will result in exiting the descending channel, we will move towards the resistance at $0.49, and further at $0.52. Please look at the CHOP index, which indicates that there is still energy for the upcoming move, MACD indicates that we are moving in a downtrend, while on the RSI we see that a small price move gives a big move on the indicator and there is currently room for a new increase, but still the price may go lower.
by cryptodailyuk
Daily ETH 4HChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, also on a four-hour interval. First, we will use the yellow line to mark the downtrend line from which the black has gone sideways, while locally, with the help of blue lines, we can mark the sideways trend triangle in which we are approaching the exit direction. Now let's move on to marking the places of support. We will use the trend based fib extension tool to mark the supports, and as you can see, we have the first support at $1782, the second support at $1741, the third at $1708, and then we can mark the fourth support at $1675. 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 $ 1823, from which the price has already rebounded several times, the next resistance is at the price of $ 1848, then the third resistance at the price of $ 1873 and the fourth at the price of $ 1909. The CHOP index indicates that there is a lot of energy for a new move. The MACD indicator indicates a transition to a local uptrend. On the other hand, on the RSI we see that a slight price movement causes a large movement on the indicator, which in the long run may affect the price correction.
by cryptodailyuk
SOL/USDT 4HInterval Resistance and SupportHello everyone, let's look at the SOL to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $19.33, if the support is broken then the next support is $18.73 and $17.97. Now let's move on to the resistance line, but here it is worth marking the resistance zone from $20.40 to $20.69 first, then we have resistance at $21.1, and $22.22. Looking at the CHOP indicator, we see that the energy is slowly regaining strength, the MACD indicates an ongoing local downtrend, while the RSI is moving at the lower limit, which in the short term may give the price an upward rebound.
by cryptodailyuk
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving below the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $1781, if the support is broken then the next support is $1739, $1706 and $1674. Now let's move to the resistance line, as you can see the first resistance is $1820, if you manage to break it, the next resistance will be $1848, $1872 and $1909. Looking at the CHOP indicator, we see that there is a lot of energy to move, the MACD is on the verge of returning to the downtrend, and the RSI is in the middle of the range, which makes it hard to point to one direction.
by cryptodailyuk
☆ The Relative Strenght Index (RSI) # on4 ! ☆The Relative Strength Index (RSI) - is a popular technical indicator used by traders to identify overbought and oversold conditions in the market. The RSI with a period of 4 is a shorter-term version that can provide more frequent signals. I use RSI 4 effectively following these steps: Understanding RSI Basics: The RSI measures the strength and speed of price movements. It oscillates between 0 and 100, with values above 89 indicating overbought conditions and values below 11 indicating oversold conditions. Identifying Overbought and Oversold Conditions: When the RSI 4 rises above 89, it suggests that the market may be overbought, indicating a potential reversal or a corrective pullback. When the RSI 4 falls below 11, it suggests that the market may be oversold, indicating a potential buying opportunity. Confirming Signals with Price Action: While RSI 4 can provide valuable insights, it is important to confirm its signals with other technical indicators or price action. Look for additional confirmation such as trendlines, support/resistance levels, or candlestick patterns to strengthen the validity of the RSI signals. Divergence Analysis: RSI 4 can also be used to identify bullish or bearish divergences. Bullish divergence occurs when price makes a lower low while RSI 4 makes a higher low, indicating potential upward momentum. Bearish divergence occurs when price makes a higher high while RSI 4 makes a lower high, suggesting potential downward pressure. Setting Stop Loss and Take Profit Levels: Determine appropriate stop-loss levels to protect your trades in case the market moves against you. Set take-profit levels based on your risk-reward ratio and the potential of the trade. Remember, RSI 4 is just one tool in your trading arsenal. It is essential to combine it with other technical indicators, chart patterns, and fundamental analysis for a comprehensive trading strategy. Regularly monitor the performance of RSI 4 in different market conditions and adjust your trading approach accordingly. Note: The use of any technical indicator, including RSI 4, does not guarantee successful trades. It is important to practice risk management, conduct thorough analysis, and make informed trading decisions based on a holistic view of the market. Always remember that no single indicator or strategy can predict market movements with 100% accuracy. Utilize RSI 4 as part of a well-rounded trading methodology, and continually refine your skills and knowledge through experience and ongoing education. HappyForexTrading ☆ J
OANDA:XAUUSDEducation
by ATU_TAD
DOT/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the DOT chart on a one-day interval. At the beginning, we will mark with blue lines a downward triangle in which the price is currently moving. Now we will move on to mark the price support spots and we can see that the price has dropped below the strong support at 0.618 FIB and is now facing a very strong support at $5.02, if it goes lower then the next support is at $4.24 . Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that first the price will have to break the resistance zone from $5.78 to $6.18, then the second resistance zone from $6.51 to $6.84, only after breaking above these two zones will we be further increases could be observed. The CHOP index indicates that there is energy for the next move, the MACD indicates the transition to an uptrend, while the RSI is at the lower limit, thanks to which we have room for the price to start rising.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is holding at the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $ 26829, if the support is broken then the next support is $ 26637, $ 26408, and then we can see a drop to around $ 25718. Now let's move to the resistance line, as you can see the first resistance is $ 26952, if you manage to break it, the next resistance will be $ 27133, $ 27311 and $ 27912. Looking at the CHOP indicator, we see that there is energy for the continuation of the move, the MACD remains in a downtrend, while the RSI has room for the price to go up more in the short term.
by cryptodailyuk
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving in the downtrend channel. Let's start with the support line and as you can see the first support in the near future is $1754, if the support is broken then the next support is $1695, $1650 and then we have a support zone from $1601 to $1533. Now let's move to the resistance line, as you can see the first resistance is $1924, if you manage to break it the next resistance will be $2035 and $2127. Looking at the CHOP indicator, we see that there is a lot of energy on the short interval, the MACD is on the verge of returning to the downtrend, while the RSI is moving in the middle of the range, which makes it difficult to clearly determine the direction of the price.
by cryptodailyuk
Daily ETH 1DChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, also on a one-day interval. First, we will use the yellow line to mark the uptrend line above which the price is currently holding. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark support, and as you can see, it is worth marking the strong support zone from $ 1757 to $ 1666 in the first place, but when the price drops below the zone, we can see a drop around $ 1533.. 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 significant resistance zone from $1989 to $2054, then a strong resistance at $2142, only after breaking above this resistance will the price move towards $2391. The CHOP index indicates that most of the energy has been used. The MACD indicator is in a downtrend. On the other hand, on the RSI we are moving around the middle of the range, which may cause the price to break down towards the previously mentioned support zone.
by cryptodailyuk
SOL/USDT 4HChart - resistance and supportHello everyone, let's look at the SOL to USDT chart on a single day time frame. As you can see, the price is moving below the local downtrend line. Let's start with the support line and as you can see the first support in the near term is $19.84, if the support is broken then the next support is $18.16 and $16.01. Now let's move on to the resistance line, as you can see the first resistance is $21.20, if you manage to break it, the next resistance will be $22.10, $22.87 and $23.62. Looking at the CHOP indicator, we see that there is still energy to continue the move, the MACD remains in a downtrend, while the RSI, despite the rebound, still has room for the price to go lower.
by cryptodailyuk
BNB/USDT 4HInterval Resistance and SupportHello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line, however, on the EMA Cross 10 and 30 we see an attempt to return to the downtrend. Let's start with the support line and as you can see the first support in the near future is $309.7, if the support is broken then the next support is $305.6, $302.2 and $299. Now let's move on to the resistance line, but here we will first mark the $313 to $315 resistance zone, then we have the second $317 to $319 resistance zone, then strong resistance at $321.2 Looking at the CHOP indicator, we see that the collected energy is used for the initiated price correction, the MACD indicates a transition to a local downtrend, while the RSI shows a rebound, however, there is room for the price to go lower.
by cryptodailyuk
5
BNB/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the BNB chart in pair to USDT, on a one-day timeframe. First, we will check the EMA Cross 10 and 30, where we can see confirmation of the transition to an uptrend. Now, using the blue lines, we will mark the downtrend channel where the price has been moving for a long time. Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $307, the second very strong support is at $301, the third support is at $297, and then the fourth support is at $292. Looking the other way, we see that the price has reached an important resistance zone from $ 314 to $ 318, which so far has no strength to break. However, if it manages to break out of this zone upwards, the next resistance will appear at the price of $322, and then we can see a strong increase to around $335. At this point, it is also worth marking the local downtrend line from which the price went up. Please look at the CHOP index, which indicates that we have a lot of energy for further movement, the MACD confirms the local uptrend, while the RSI shows a visible increase, it is worth being careful here, because price corrections often occur at the upper end of the range.
by cryptodailyuk