W9-22 NZDCHF BEARISH IDEA(BEARISH FLAG) Potential Bearish Entry
Dow Theory In Place - Lower lows and lowers lows Expected in Place (Trend continues)
Formation of bearish flag (continuation pattern)
SL & TP Levels are defined.
Trendanalyse
XRP/USDT 4HInterval check the current situationI invite you to check the ak XRP in pair to USDT, on the interval of four hours. First, we will use the blue lines to mark the sideways trend channel where the price is moving in the lower range. On the other hand, using the yellow line, we can mark the local downtrend line.
Now let's move on to marking the support areas when the correction begins to deepen. And here, the first support is at $0.49 on which the price is currently based, the second support is at $0.47, the third support is at $0.44, and then the fourth support is at $0.40.
Looking the other way, we will first mark a strong resistance zone from $0.53 to $0.54 that price needs to break through first. If it manages to move upwards out of this zone and break through the upper border of the sideways trend channel, the next resistance will appear at $0.56 and then at $0.58.
When we turn on the EMA Cross 10 and 30, we can immediately notice the place where the red line crosses the green one from above, which gives confirmation of entering the local downtrend.
The CHOP index indicates that the energy has been used on the 4-hour interval, the MACD indicates that we are moving in a downtrend, while the RSI has a rebound and we are moving at the lower limit of the range, which may slow down further correction.
Daily ETH 1HChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair USDT, using the time interval of one hour. First of all, with the help of blue lines, we can mark the sideways trend channel from which the price moved decisively downwards.
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 $ 1965.16, as the second support we will mark the strong zone from $ 1939 to $ 1896, the third at $ 1865.93, and then we have the fourth support at priced at $ 1827.68.
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 resistance at $ 2031.12, going further we have a strong resistance zone from $ 2073 to $ 2107 if the price goes up we have the third resistance at $2141.05 and then the fourth resistance at $ 2189.54.
The CHOP index indicates that the energy has been used up and is slowly starting to rebound. The MACD indicator remains in a downtrend. On the other hand, on the RSI we could see a rebound and we see that we are staying below the lower limit of the range, which may indicate a temporary sideways trend and moments of rest.
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 staying above the local uptrend line.
Let's start by drawing a support line in a situation where the correction will deepen, the first support in the near future is TSE:1942 , if the support is broken then the next support is HKEX:1915 , HKEX:1895 and $1871.
Now let's move on to the resistance line, as you can see the first resistance is TWSE:2029 , if you manage to break it, the next resistance will be TSE:2072 , TSE:2107 and $2140.
Looking at the CHOP indicator, we see that the energy has been used up on the short interval, the MACD confirms the local downtrend, while the RSI shows a strong rebound to the lower end of the range, which can give some rest.
SOL/USDT 1DInterval Resistance and SupportHello everyone, let's look at the SOL to USDT chart on a single day timeframe. As you can see, the price is moving above the uptrend line.
Let's start with the support line and as you can see the first support in the near term is $23.40, if the support is broken then the next support is $21.78, $20.44 and $19.10.
Now let's move to the resistance line, as you can see the first resistance is $26.38, if you manage to break it, the next resistance will be $27.84, $29.04 and $30.21.
Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates an ongoing uptrend, while the RSI is moving at the upper limit, which means that the price may recover more.
ETH/USDT 4H - Targets and StoplossHello everyone, let's look at the 4H ETH to USDT chart as you can see that the price is moving in a local sideways trend channel.
Let's start by setting goals for the near future that we can take into account:
T1 = TADAWUL:2080 - $2094
T2 = TSE:2107 - HKEX:2118
T3 = HKEX:2135
AND
T4 = TSE:2157
Now let's move on to the stop loss in case the market goes down further:
SL1 = TSE:2072
SL2 = MYX:TDM
AND
SL3 = FSE:1999
Looking at the CHOP indicator, we see that there is still a lot of energy on the 4H interval, while the MACD indicator indicates a local downtrend. We see a rebound on the RSI, but the indicator is still in the upper limit, which may deepen the correction.
BNB/USDT 4HInterval Resistance and SupportHello everyone, welcome to a review of the BNB chart on a four-hour time frame. With the blue lines we will mark the uptrend channel in which the price is moving.
Let's start by marking the support places for the price and we see that we first have support at $337.3, but if the price goes lower, we have another support at $333.8, then at $323.5, then we can see strong drop to around $307.2
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 has failed to break through the strong resistance zone from $ 345 to $350 at the moment. Next is resistance at $354.4, third resistance at $358.5, and then fourth resistance at $364.
The CHOP index indicates that the energy is slowly regaining strength, the MACD indicates a transition to a local downtrend, while the RSI indicates a rebound, but in this situation we are still in the upper part of the range.
BTC Analysis of the current correctionHello everyone, I invite you to every Monday's cryptocurrency review. Let's start by checking the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will use blue lines to mark the local uptrend channel in which the BTC price is moving.
At this point, it is worth looking at the EMA Cross 10 and 30, which confirm the return to the local downtrend, but on the volume, which also indicates a definite advantage of sellers, we can observe that this volume is quite low.
Now we can move on to marking support areas in case of deepening of the current correction. And here we see that the price is just before the support at $ 29359, then we have the second support at $ 28850, then there is a strong support zone from $ 28314 to $ 27570, if the zone is broken the next support is at $ 26635.
Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. The first resistance is at $ 29696, then we will mark the resistance zone from $ 29947 to $ 30660 when it is broken, and the next resistance is at $ 31045. Further we can see an increase to around $ 32117.
Please pay attention to the CHOP index which indicates that the energy has been used in the current correction, the MACD indicator confirms the ongoing local downtrend, while the RSI has a strong rebound, which may indicate that the current correction will start to slow down.
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 staying 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 $ 29090, if the support is broken we can see a quick return of the price to around $ 27891, but here it is worth noting that the price remains just below a very strong support.
Now let's move on to the resistance line, as you can see the first resistance is $ 30159, if you manage to break it, the next resistance will be $ 30711, $ 31152 and $ 31600.
Looking at the CHOP indicator, we see that the energy in the current correction has been used, the MACD indicates a downward trend, while the RSI has a strong rebound, which may also indicate the end of the current rebound.
Daily BNB 4HChart - 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.
Let's start with the support line and as you can see the first support in the near future is $333.4, if the support is broken then the next support is $326.4, $320.9 and $315.1.
Now let's move to the resistance line, as you can see the first resistance is $ 344, if you manage to break it, the next resistance will be $348.4, $352.7 and $359.
Looking at the CHOP indicator, we see that the energy has been used, the MACD confirms the local uptrend, while the RSI has crossed the upper limit again, which may result in a temporary price rebound.
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 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 $ 2065, if the support is broken then the next support is $ 2024, $ 1990 and $ 1958.
Now let's move on to the resistance line, and here we first have a resistance zone from $ 2111 to $ 2129, if it breaks out the next resistance will be $ 2182 and $ 2269.
Looking at the CHOP indicator, we see that the energy is gaining strength, the MACD indicates entering a local downtrend, while the RSI remains at the upper limit, which may also indicate the need for a price rebound.
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.
DOT/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the DOT chart on the four-hour interval. As we can see, the price is moving in the uptrend channel.
Let's start by marking the support spots for the price and we see that we first have a support zone from $6.46 to $6.21, however if the price goes lower we have a second support zone from $6.01 to $5.80.
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 resistance at $6.85 equal to 0.618 Fib. We continue to have a strong resistance at $7.31, once the price breaks it, it will move towards the resistance at $7.90.
The CHOP index indicates that the energy has been used up, the MACD indicates that the uptrend is maintained, while the RSI has crossed the upper limit of the range, which, according to our rule, often ends with a price rebound and so we see a small correction.
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.
Daily BTC 4HChart - resistance and supportHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the interval of four hours. First, we will use blue lines to mark the local uptrend channel in which the BTC price is moving in the upper limit.
Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking the support at $ 30592, when we go lower, the second support is at $ 30318, then we have a strong support zone from $ 30072 to $ 29826, and then support at $ 29523.
Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. The price must first break the first resistance at $ 30911, when it manages to break the second resistance is at $ 31311, then $ 31694 and then the resistance at $ 32258.
Please pay attention to the CHOP index which indicates that most of the energy has been used, the MACD indicator indicates the maintenance of the local uptrend, while the RSI is moving above the upper limit of the range, despite slight increases, we can still expect an upcoming rebound that will cool down the indicators before further increases.
Daily BNB 4HChart - resistance and support - shorttermHello 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.
Let's start with the support line and as you can see the first support in the near future is $ 332, if the support is broken then the next support is $ 329, $ 327 and $ 325.
Now let's move to the resistance line, as you can see the first resistance is $ 336, if you manage to break it, the next resistance will be $ 339, $ 341 and $ 343.
Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates an uptrend, while the RSI is moving above the upper limit, which may affect the price correction.
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 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 $30135, if the support is broken then the next support is $29849, $ 29615 and $29374.
Now let's move on to the resistance line, as you can see the first resistance the price is currently fighting is $30435, if it manages to break it, the next resistance will be $30917, $31313 and $31700.
Looking at the CHOP indicator, we see that there is a lot of energy for a new move, the MACD indicates the maintenance of the local downtrend, while the RSI is very high, which may give the price a rebound.
LTC/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the chart of LTC in pair to USDT, also on a four-hour interval. First of all, we will use the blue lines to mark the uptrend channel in which the price is moving in the lower border.
Moving on, we can move on to marking support areas when the correction begins to deepen. And here, the first support is at $89.60, the second support is at $84.76, the third support is at $81.05, and then the fourth support is at $77.20.
Looking the other way, we see that the price has hit an important and strong resistance at 0.786FIB at $97.03 from which it rebounded, but when it manages to break it, another strong resistance will appear at $105.85.
Please look at the CHOP index, which indicates that the energy is gathering strength, the MACD indicates a local downtrend, while the RSI has a strong rebound, which may positively affect creating room for new growth.
BNB/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the BNB chart in pair to USDT, also on a one-day timeframe. First of all, using the blue lines, we can mark the sideways trend channel in which we are approaching the upper limit, while locally we managed to beat the downtrend lines.
Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and as you can see we have the first support at $317.1, the second support at $298.5, the third support at $283.5 and then the fourth support at the lower border of the sideways channel at $268.4.
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 HKEX:330 , which is the so-called golden point of 0.618 Fib, the next resistance is at $359.9, and then the third resistance at $398.3.
The CHOP index indicates that most of the energy has been used. The MACD indicator is back in an uptrend. On the other hand, on the RSI we are moving in the upper part of the range with a small rebound visible.
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.
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 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 HKEX:1901 , if the support is broken then the next support is $1874, TSE:1853 and $1832.
Now let's move on to the resistance line, as you can see the first resistance is HKEX:1919 , if you break it the next resistance will be HKEX:1943 and $2016.
Looking at the CHOP indicator, we see that there is more and more energy, the MACD remains in the local downtrend, while the RSI moves in the upper range, which limits the room for further increases.
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 gone up from the triangle.
Let's start with the support line and as you can see the first support in the near future is $29971, if the support is broken then the next support is $29689, $29462 and $29222.
Now let's move on to the resistance line, as you can see the first resistance is $30540, if you manage to break it, the next resistance will be $31001, $31386 and $31754.
Looking at the CHOP indicator, we see that the energy has been consumed, the MACD confirms the upward trend, while the RSI has strongly exceeded the upper limit of the range, which may affect the price correction.
Daily BTC 4HChart - resistance and supportHello everyone, I invite you to review the chart of BTC in pair USDT taking into account the interval of four hours. First, we will use the blue lines to mark the local uptrend channel where the BTC price is approaching the upper limit.
Now we can move on to marking the places of support in the event of a correction. And here in the first place it is worth marking support at HKEX:28840 , then second support at $28555, third support at $28324, and then we have a strong support zone from $28092 to $27760.
Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. And here in the first place we have a very strong resistance at $29325 equal to 0.786 Fib from which the price has currently rebounded, but when it manages to break it, the next strong resistance will appear at the price of $29910.
Please note the CHOP index which indicates that the energy has been used, the MACD indicator indicates the entry into an uptrend, while the RSI has crossed the upper limit of the range, which may lead to a price correction or a temporary sideways trend.
