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Trendanalyse

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 below the local uptrend line. Let's start with the support line and as you can see the first support in the near term is $ 326.8, if the support is broken then the next support is $ 321.2, $ 313.4 and $ 303.2. Now let's move on to the resistance line, as you can see the first resistance is $ 334.4, if you manage to break it, the next resistance will be $ 340.5, $ 346.7 and $ 355. Looking at the CHOP indicator, we see that the energy is gaining more and more strength, the MACD indicates a local uptrend return, while the RSI also has a rebound.
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Where BTC is heading, a test of the current correction.Hello everyone, I invite you to review the current situation on the BTC pair to USDT, taking into account the four-hour interval and the one-day interval. First, we will use the white line to mark the first uptrend line, and then the second uptrend line, as you can see the price stays above them. We further see that in the current cycle the price is based on the local uptrend line, a similar situation took place in the previous uptrend cycle, until the price went down. After unfolding the Fib Retracement grid, we can check how strong the correction was and here we see that we have retraced to a strong resistance zone at the so-called Fib golden point of 0.618. Going further, we will develop the Fib Retracement grid on the current growth cycle, thanks to which we can mark the next support spot at the price of $ 26654, while comparing the current cycle to the previous one, we can see a drop around the strong support zone from $ 25252 to $ 23927. When the price breaks through the support zone, the next strong support is at $ 22040. We will now switch the chart to a one-day interval, which will make it easier for us to identify resistance points that the price will have to face first. And here we can see that the price has broken through a very strong resistance at 0.786 Fib, however, the attempt to retest the resistance failed and we have entered a correction period, only when price moves back above the resistance level and then positively tests it will we be able to see the resistance attack attempt at a price of $ 32389. Please pay attention to the CHOP index which indicates that after using the energy we are in a period of reaccumulation, the MACD indicator indicates entering a local downtrend, while the RSI shows a visible rebound, but at this point it must be made clear that there is still room for the price to go down to the previously mentioned levels. It is worth watching the price level in conjunction with the RSI indicator, taking into account the example scenario that the price will go down to the first current support and the RSI will indicate a rebound to or above the lower end of the range, giving us a greater probability of the end of the correction. Finally, when we turn on the Cross 50 and 200 EMAs, we can clearly see the place of return to the uptrend after a long bear market, moreover, the current correction at this moment does not indicate a threat regarding the possible continuation of the bull market.
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 has fallen below the local uptrend line. Let's start with the support line and as you can see we have the first strong support at $ 27798, however if the price falls below the support we can see a correction around the next strong support at $ 25824. Now let's move to the resistance line, as you can see the first resistance is $ 29155, if it breaks down the next resistance will be $ 29709, the third resistance will be $ 30165, the fourth resistance will be $ 30602 and then the fifth resistance at $ 31236. Looking at the CHOP indicator, we see that any collected energy is quickly used up, the MACD confirms the downtrend, while the RSI has crossed the lower limit of the range, which can give you a moment of breath.
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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.
by cryptodailyuk
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.
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 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.
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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.
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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.
by cryptodailyuk
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.
by cryptodailyuk
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.
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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 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.
by cryptodailyuk
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.
by cryptodailyuk
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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.
by cryptodailyuk
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.
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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.
by cryptodailyuk