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Uptrend

DOT/USDT 4HInterval ReviewHello everyone, let's look at the DOT to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the downtrend line. Let's start with the support line and as you can see the first support in the near future is the support zone from $5.93 to $5.75, if the support is broken then the next support is $5.61, $5.46 and $5.26. Now let's move on to the resistance line, as you can see the first resistance is $6.2, if you manage to break it, the next resistance will be $6.47, $6.69 and $6.90. Looking at the CHOP indicator, we see that most of the energy has been used, the MACD indicates a local uptrend, while the RSI is approaching the upper limit, which may also slow down the current upward movement.
by cryptodailyuk
BTC/USDT Review 4H !Hello everyone, I invite you to review the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will mark the local downtrend line with the yellow line, and as you can see, the price has definitely moved back above it. Now we can move on to marking the support spots in case of a return to the downtrend. And here, in the first place, it is worth marking support at $29082, but when we go lower, we have second support at HKEX:28 ,489, third at HKEX:27 ,991, and then fourth at HKEX:27 ,504. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. Here we see that the first significant support is at HKEX:30 ,512, then at HKEX:31 ,475, once it is broken, we can see a strong increase to around HKEX:34 ,271. At this point, however, it is worth mentioning that the price is fighting to maintain the level of 0.618Fib Retracement, moreover, we can observe a phenomenon between the chart and the RSI indicator, which often ends up returning to the previously conducted downtrend. As we can see on the chart, the price is lower and the RSI indicator is higher, such a pattern often turns into a price reversal. However, the movement is not over yet and you should watch if the price will break out above the marked spot. Please pay attention to the CHOP index which indicates that the energy has been heavily used and here it is necessary to observe whether it is enough for a further price increase, the MACD indicator confirms the local upward trend.
COINBASE:BTCUSD
by cryptodailyuk
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BNB/USDT 4HInterval Resistance and SupportI invite you to review the BNB chart on a four-hour interval. As we can see, the price is moving in the uptrend channel, marked with purple lines. Let's start by marking the support spots for the price and we see that we first have support at $ 336.8, but if the price goes lower, we have a support zone from $ 332 to $ 328, then support at $ 323.5 and another support at a price of $ 317.4. 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 now rebounded from the resistance at $ 346.2. We continue to have strong resistance at $ 354.8, once the price breaks it it will move towards the resistance at $ 365.4. The CHOP index indicates that the energy has been used up, the MACD indicates that the uptrend is maintained, while the RSI is moving at the upper limit of the range, which may slow down the current movement.
by cryptodailyuk