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BTC/USDT 4HInterval ReviewHello everyone, I invite you to the Friday 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 the blue lines to mark the local downtrend channel, from which the price went up by the height of the indicated channel. Now we can move on to marking the support areas when the price recovers from the current increases. And here we first have support at $29,994, then second support at $29,095, then third support at $28,342, however when the price goes lower, we have a strong support zone from $27,589 to $26,520. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. And here we can immediately see that the price is in front of a strong resistance at the golden point of the fib retracement, at $31838, when it manages to break it, the second resistance is at $33,790, and when the price breaks it, it will move towards resistance at the price $36,247. Please pay attention to the CHOP index, which indicates that the energy is gathering more and more strength, the MACD indicator indicates an attempt to maintain an uptrend, while the RSI shows a strong increase, which may bring a slight rebound or a temporary sideways trend.
by cryptodailyuk
2
ETH/USDT 4HIntervalHello everyone, let's look at the ETH to USDT chart on a four-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 coming hours is $1864, if the support is broken then the next support is $1821 and then we have the support zone from $1785 to $1749. Now let's move on from the resistance line, as you can see the first resistance the price rebounded from is $1939, if it breaks down the next resistance will be $1980, then it will move towards the resistance zone from $2019 to $2055. Looking at the CHOP indicator, we see that the energy has been exhausted, the MACD indicates the uptrend is maintained, and the RSI has a rebound, however, we are still above the upper limit, which may give the price a rebound.
by cryptodailyuk
Time to go long on AUDUSDThis pair has been retracing for a few days now. I believe that after Wednesday's close, price is very close to reversing. The presentation of an indecision candle on top of a major support and between the 23.6% and 38.2% fib, signifies that momentum is slowing down for bears. I would wait for more bearish activity during following hours, and potentially for buyers to come in while there's volatility. Reversal candlesticks on top of this support are valid buy opportunities for at minimum 80pips. Look to buy after a false breakout to the downside or after the final low.
Long
by DesharedPierreJr.
BTC/USDT 4H Review, 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 downtrend line. Let's start with the support line and as you can see the first support in the near future is $26334, if the support is broken then the next support is $25806, $25359 and $24944. Now let's go from the resistance line, as you can see the first resistance is $27234, if you manage to break it, the next resistance will be $27567, $27863 and $28146. Looking at the CHOP indicator, we see that there is still energy for the continuation of the move, MACD indicates the continuation of the uptrend, however, we have touched the upper limit on the RSI, which will most likely reverse the trend in the coming hours and give the price a rebound.
by cryptodailyuk
ETH/USDT 4HInterval 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 $1712, if the support is broken then the next support is $1694, $1676 and $1650. Now let's move on to the resistance line, as you can see the first resistance is $1746, if you manage to break it, the next resistance will be $1767, $1784 and $1801. Looking at the CHOP indicator, we see that there is a lot of energy for the move, the MACD indicates a return to the local downtrend, while the RSI also has a rebound and room for the price to go a little lower.
by cryptodailyuk
BNB/USDT 4HInterval resistance and supportHello everyone, let's look at the BNB 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 $244.8, if the support is broken then the next support is $241.5, $238.9, $236.3 and $232.6. Now let's move on to the resistance line, as you can see the first resistance is $246.9, if you manage to break it, the next resistance will be $250.7, $256.4 and $263.2. Looking at the CHOP indicator, we see that most of the energy has been used, the MACD indicates staying in a local uptrend, while the RSI is moving in the upper part of the range, which may indicate a local sideways trend or a small rebound.
by cryptodailyuk
ETH/USDT 4H Interval Targets and StoplossHello 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 by setting goals for the near future that we can take into account: T1 = $1774 T2 = $1790 T3 = $1809 T4 = $1834 AND T5 = $1864 Now let's move on to the stop loss in case the market goes down further: SL1 = $1700 SL2 = $1656 SL3 = $1619 AND SL4 = $1585 Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates an ongoing local uptrend, while the RSI has a large increase, which may give the price a rebound or a sideways trend in the coming hours.
by cryptodailyuk
ETH/USDT 4H interval reviewHello everyone, I invite you to review the chart of ETH in pair to USDT, also on a four-hour interval. First of all, as in the BTC chart, we can use blue lines to mark the downtrend channel in which the price is currently moving. At this point, it is worth watching the EMA cross 10 and 30 because as you can see, the red line 10 starts to move sideways and when it turns around and crosses the green 30 from the bottom, it will confirm the change of the trend to an upward one. 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 can first determine the support zone from $1653 to $1626, but when we go lower, the next support is at the price of $1592, and then the third support at the price of $1539. 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 $1690, then we have a strong resistance zone from $1730 to $1762, then we have a third resistance at $1793 and then a fourth resistance at $1839. As we can see, the power of green candles begins to appear, but their volume is lower than the previous red candles. The CHOP index moves sideways, which can increase the price. The MACD indicator returned to the local uptrend. On the other hand, the RSI is moving at the lower end of the range, which may also indicate an upcoming price increase.
by cryptodailyuk
BTC/USDT 4HInterval Analysis Hello everyone, I invite you to check 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 downtrend channel in which the BTC price is moving. Going further with the Fib Retracement tool, we will check where we can expect support for the price when the correction begins to deepen. And here we see that currently the price has held a strong support at $25307, however when the support is broken another very strong support is at the so-called fibon golden point of its 0.618FIB, equal to $23955, and then we can see the price return to around $22017 . At this point, it's worth looking at the EMA Cross 200, and here you can see that the price fell below the moving average, which indicated the place of return to the downtrend. However, now it is worth watching if the red line of the ema cross 10 will cross the green line of the ema cross 30 from below, which may give an upward impulse and an attempt to break the ema cross 200. Looking the other way, we can determine the places of resistance in a similar way. First there is resistance at $26,238, once it is broken, the next resistance is at $27,169, then the third strong resistance at $27,906, then the price will have to break the strong resistance zone from $28,657 to $29,708 to could go further up. Please pay attention to the CHOP index, which indicates that we have a lot of room for further growth, the MACD indicator indicates entering a local uptrend, while the RSI shows a visible increase, but with room for the price to try to attack the first marked resistance. Finally, we can see that the recent downward movements had a much larger volume, but it can be seen that the predominance of green candles with a slight increase in their volume is beginning to appear.
COINBASE:BTCUSD
by cryptodailyuk
2
BTC/USDT ShortTerm 4hInterval Targets and StoplossHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving right at the local downtrend line. Let's start by setting goals for the near future that we can take into account: T1 = $25598 T2 = $25793 T3 = $26074 AND T4 = $26,433 Now let's move on to the stop loss in case the market goes down further: SL1 = $25518 SL2 = $25366 SL3 = $25252 SL4 = $25,129 AND SL5 = $24961 Looking at the CHOP indicator, we see that there is room to gather energy, the MACD indicates a transition into a local uptrend, while the RSI is moving around the middle of the range with room for the price to attack the current resistance.
COINBASE:BTCUSD
by cryptodailyuk
Daily BTC 4HChart - targets and stoplossHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line. Let's start with setting targets for the near future that we can take into account: T1 = 25401$ T2 = 25579$ T3 = 25806$ and T4 = 26469$ Now let's move on to the stop loss in case of further market declines: SL1 = 25107$ SL2 = 24861$ SL3 = 24660$ and SL4 = 24456$ Looking at the CHOP indicator, we see that the energy has been used, the MACD, despite the price increase, remains in a downward trend, while the RSI has a visible rebound, we still have room for the price to overcome the current resistance.
COINBASE:BTCUSD
by cryptodailyuk
BTC/USDT 4H - Targets and StoplossHello everyone, let's take a look at the 4H BTC to USDT chart as you can see that the price has moved up from the local downtrend channel. Let's start by setting goals for the near future that we can take into account: T1 = $26,132 T2 = zone from $26383 to $26626 AND T3 = $26970 Now let's move on to the stop loss in case the market goes down further: SL1 = $25,951 to $25,655 zone SL2 = $25413 AND SL3 = $25,178 Looking at the CHOP indicator, we see that there is a lot of energy on the 4H interval, the MACD indicates a local uptrend, and the RSI is moving sideways around the middle of the range, which makes it difficult to clearly choose the direction of movement.
by cryptodailyuk
XRP/USDT 4HInterval check the shortterm situationHello everyone, I invite you to take a short-term look at the XRP chart this time on a four-hour interval. As we can see, the price, despite the general market correction, XRP remains above the local uptrend line. Let's start by marking the places of support for the price and we see that we first have support at $0.50, but if the price goes lower, we have another support at $0.48, then at $0.46 and another support at $0.46 priced at $0.43. 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 approaching the resistance at $0.52. We continue to have strong resistance at $0.54, once the price breaks it, it will move towards resistance at $0.55 and then $0.58. As we can see, the price had a bigger drop, but quickly returned above the EMA Cross 200, thus maintaining the upward trend. The CHOP index indicates that the energy is slowly gaining strength, the MACD indicates a return to the local uptrend, while the RSI has returned to the upper part of the range and it is worth watching here because when the indicator approaches the upper limit, we will see a correction on the xrp price.
by cryptodailyuk
LTC/USDT 4HInterval ShortTermHello everyone, let's look at the LTC 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 $73.41, if the support is broken then the next support is $70.02, $67.24 and $64.45. Now let's move to the resistance line, as you can see the first resistance is $78.69, if you break it, the next resistance will be $81.90, the third $84.63 and $87.18. Looking at the CHOP indicator, we can see that there is a lot of energy for the upcoming move, the MACD has returned to the local uptrend while the RSI is moving at the lower border which could give the price an increase in the coming hours.
by cryptodailyuk
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 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 $1730, if the support is broken then the next support is $1703, $1681 and $1660. Now let's move on to the resistance line, as you can see the first resistance is $1762, if you break it, the next resistance will be $1776, the third $1790 and $1811. Looking at the CHOP indicator, we see that the energy has been used, the MACD is close to trending upwards, while the RSI is moving at the lower end of the range, which may give the price an upward rebound in the coming hours.
by cryptodailyuk
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 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 $25686, if the support is broken then the next support is $25217 and $23890. Now let's move on to the resistance line, as you can see the first resistance is $26,147, if it breaks down, the next resistance will be $26,389, the third resistance will be $26,631, the fourth $26,968 and the fifth $55,221. Looking at the CHOP indicator, we see that the energy has been used, the MACD is close to trending upwards, while the RSI is rebounding but there is still room for the price to move up in the coming hours.
by cryptodailyuk
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 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 $1843, if the support is broken then the next support is $1832, $1823 and $1813. Now let's move on to the resistance line, as you can see the first resistance is $1849, if you manage to break it, the next resistance will be $1866, $1881 and $1895. Looking at the CHOP indicator, we see that the energy is gathering strength, the MACD is on the verge of returning to the local pattern trend, and the RSI is moving in the lower part of the range one closer to the center, which makes it difficult to clearly determine the direction of the price in the short term.
by cryptodailyuk
SOL/USDT targets and stoplossHello everyone, let's look at the SOL to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local uptrend line. Let's start by setting goals for the near future that we can take into account: T1 = $19.89 T2 = $20.40 T3 = $20.84 T4 = $21.26 AND T5 = $21.89 Now let's move on to the stop loss in case the market goes down further: SL1 = $19.45 SL2 = $19.07 SL3 = $18.67 AND SL4 = $18.12 Looking at the CHOP indicator, we see that the energy is recovering, the MACD indicates the continuation of the local downtrend, while the RSI is approaching the lower limit, which in the coming hours may give the price an upward rebound.
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 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 $25476, if the support is broken then the next support is $25017 and $24654. Now let's move to the resistance line, as you can see the first resistance is $26327, if you manage to break it, the next resistance will be $26649, $26941 and $27375. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates a continuation in the downtrend, while the RSI shows an increase, however, in the coming hours, we can still see the price increase.
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 of all, we will use the yellow line to mark the downtrend line, from which the price went up and currently turned out to be a support for the price. 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 $1789, the second support at $1756, the third at $1708, and then the fourth support at $1649. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here in the first place we should mark the strong resistance zone from $1872 to $1925, when the price defeats it we have resistance at $1967, and then resistance at $2081. The CHOP index indicates that the energy has been used. The MACD indicator indicates a transition to a local downtrend. On the other hand, we have a strong rebound on the RSI, which crossed the lower limit of the range, which may stop the price from falling further in the coming hours.
by cryptodailyuk
3
AUDUSD pivots suggest a short scalp`I believe that price is retracing bearish for its 4H higher low, in the meantime, intraday swings on a lower timeframe must correlate with becoming bearish. The 1H has already began creating lower lows and a lower high. I will monitor to see if price creates a higher high of gets rejected at a key neckline, resistance, trendline, and reversal area. There's a lot confluence in this area. Currently price is relatively close to breaching the bearish correction, indecision is needed, along with volatility and indecision or a reversal at a key area.
Short
by DesharedPierreJr.