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Daily review of BTC interval 4HHello 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 at which the price stopped is $21890, if the support is broken then the next support is $21237 and $20412. Now let's move to the resistance line, as you can see the first resistance is $22443, if you manage to break it, the next resistance will be $22806, then we have a strong resistance zone from $23078 to $23368 and then resistance at $23731. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates a local uptrend, while the RSI has a strong rebound.
by cryptodailyuk
1
MATIC / USDT 1D chart Resistance and SupportHello everyone, I invite you to review the MATIC chart in pair to USDT, on a one-day timeframe. First, we will use the yellow lines to mark the uptrend channel in which the price is currently moving. Moving on, we can move on to marking support areas when we start a larger correction. And here the first support is at $1.11, the second support is at $0.95, then we have support from $0.83 to $0.71, then the price may drop to around $0.53. Looking the other way, we see that the first strong support is at $1.45 and then we have support at $1.75. However, before that, the price must maintain the level of $ 1.31 at which it turned back last time. Take a look at the CHOP index, which indicates that the energy is being used for an upward move, the MACD indicates that we are moving in an uptrend, while the RSI is moving in the upper range, which may indicate an imminent rebound.
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by cryptodailyuk
3
Daily review of ETH interval 1DAs the second chart in today's review, we'll be looking at ETH versus USDT on a one-day timeframe. 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 Fib Retracement tool to mark the supports, and as you can see we have the first support at $1563, the second support at $1470, the third at $1393, and then we can mark the strong support zone from $1319 to $1208. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we can mark a strong resistance zone from $1666 to $1825, then we will move towards resistance at $2032 The CHOP index indicates that we have a lot of energy for the next move. The MACD indicator is in a downtrend. On the other hand, we see a rebound on the RSI, and we maintain a downward trend.
by cryptodailyuk
1
DOT / USDT 4H CHART - Targets and Stoploss!Hello everyone, let's look at the DOT 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, first we have a support zone from $6.66 to $6.57, if the support is broken then the next support is $6.45 and $6.29. Now let's move on to the resistance line, but first we have a resistance zone of $6.82 to $6.95, if we manage to break it, the next resistance will be $7.08 and $7.27. Looking at the CHOP indicator, we see that most of the energy has been used, the MACD is close to entering a downtrend, while the RSI indicates a strong reaction, which creates room for increases.
by cryptodailyuk
1
Daily review of BTC interval 1HHello everyone, let's look at the BTC to USDT chart on a 1-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 $22827, if the support is broken then the next support is $22626, $22430 and $22158. Now let's move on to the resistance line, as you can see the first resistance is $23044, if you manage to break it, the next resistance will be $23300, $23511 and $23718. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates a downtrend, while the RSI indicates a strong reaction, which creates room for increases.
by cryptodailyuk
1
SOL - USDT 1DChart, resistance and support zonesHello everyone, I invite you to review the SOL chart in pair to USDT, on a one-day timeframe. 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, the first support is at $22.38, the second support is at $19.68, the third support is at $17.44, and then we have a strong support zone from $15.20 to $12. Looking the other way, we see that the price has reached an important resistance zone from $ 27.14 to $ 32.34, which so far has no strength to break. However, if it manages to exit the descending channel upwards and break through the resistance zone, the next resistance will appear at the price of $38.89. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, MACD indicates that we are moving in a downtrend, while the RSI has a rebound and we are moving at the downtrend line, which may indicate a larger correction.
by cryptodailyuk
Daily review of ETH interval 4HHello everyone, I invite you to review the chart of ETH in pair to USDT, on a four-hour 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 Fib Retracement tool to mark the supports, and as you can see we have the first support at $1562, the second support at $1468, the third at $1392, and then we can mark the strong support zone from $1319 to $1208. 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 $1666 which is the so-called golden point of 0.618 Fib, the next resistance is at the price of $1827 and then the third resistance at the price of $2032. When we turn on the EMA Cross 10 and 30, we can see that they indicate an uptrend. The CHOP index indicates that the energy has been used. The MACD indicator is on the verge of entering a local downtrend. On the other hand, we see a rebound on the RSI, but we remain in an uptrend.
by cryptodailyuk
BNB / USDT 4H INTERVAL, Support and ResistanceHello everyone, welcome to a review of the BNB chart on a four-hour time frame. As we can see, the price has broken the downtrend lines, while currently we will use the blue lines to mark the uptrend channel in which the price is moving. Let's start by marking the support spots for the price and we see that we first have a support zone from $308 to $292, but if the price goes lower, we have another support at $278, then at $264 and another support at $245 . 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 $330 equal to 0.618 Fib. We continue to have strong resistance at $360, once the price breaks it it will move towards resistance at $398. The CHOP index indicates that the energy has been consumed and is slowly rising, the MACD indicates an uptrend is maintained, while the RSI is moving in the upper part of the range on the edge of the downtrend line, which may indicate a temporary correction.
by cryptodailyuk
Cardano Wedge turbulent developmentHey trader! This analysis is based on the idea of a bullish wedge with a strongly experienced resistance. As the wedge indicates, the price undoubtedly has the potential to rise and assume a higher return. However, according to fibonacci, there is also a strong resistance area experienced which can affect the current price of Cardano. These mentioned resistance levels are located at 0.4855, 0.4606, 0.4398 respectively. The strong resistance can therefore send the price out for a free fall until it will land at a support level (0.2996) to identify itself by another current price loss and brake the support level at 0.2654. However, after this hyper development in the price, Cardano has a high buying power at the support levels where it could potentially record a bullish trend and fresh price target for Cardano.
Long
by Aksel_Rom
Daily review of ETH interval 1HHello everyone, let's look at the ETH to USDT chart on a 1-hour time frame. As you can see, the price is moving on the border of the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $1667, if the support is broken then the next support is $1653, $1638 and $1617. Now let's move to the resistance line, as you can see the first resistance is $1687, if you manage to break it, the next resistance will be $1711, $1730 and $1750. Looking at the CHOP indicator, we see that the collected energy was used for a correction, the MACD indicates the maintenance of the local downtrend, while the RSI showed a rebound and an immediate rebound.
by cryptodailyuk
ETH - USDT, 1D Interval Resistance and Support Hello everyone, I invite you to review the ETH to USDT chart on a one-day interval. First, we will mark the downtrend channel that the price has left the top. However, locally, we can determine the downtrend under which the price is moving. Now we can move on to marking support and in this situation we have first support at $1539, second support at $1449, third support at $1380, if the price goes lower we have a strong support zone from $1309 to $1204. Looking the other way, we can similarly mark the places of resistance that the ETH price has to face, as we see the first resistance at $ 1669 at the so-called golden point fib 0.618, then we have strong resistance at $ 1825 and the third resistance at $ 2032. It is worth looking at the EMA Cross 10 and 30, because we can see that the 10 marked with the red line on the chart starts to bend, when it crosses the 30 marked with the green line on the chart, it can give confirmation of entering a longer downtrend. The CHOP index indicates that we have a lot of energy for a new move, MACD indicates entering a downtrend, while the RSI is moving in a downtrend.
by cryptodailyuk
BTC/USDT Revive 1D IntervalHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. As we can see, the price has broken the downtrend lines and has gone up. Let's start by identifying where we should see price support, and here we see that the first support is at $21,991, the second support is at $20,750, the third support is at $19,739, and the fourth support is at $18,728. below we have a strong support zone from $17,313 to $15,494. Looking the other way, we can immediately see that the price is struggling to maintain a very strong resistance at $23147 equal to 0.786 FIB, the next resistance is at $25226, only when the price breaks out and tests it positively will it be able to go towards $30000. Please look at the CHOP index, which indicates that on a one-day interval we are gathering more and more energy for a new move, MACD after recent increases begins to indicate entering a downward trend, while the RSI also shows a downward trend and recovery.
by cryptodailyuk
1
Daily review of BTC interval 1HHello everyone, let's look at the BTC to USDT chart on a 1-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 $22985, if the support is broken then the next support is $22774 and $22601. Now let's move to the resistance line, as you can see the first resistance is $23040, if you manage to break it, the next resistance will be $23213, $23381 and $23624. Looking at the CHOP indicator, we see that we have a lot of energy for a new move, the MACD indicates a local downtrend, while the RSI is moving around the middle of the range in a local downtrend.
by cryptodailyuk
Daily review of ETH interval 4HHello everyone, let's look at the ETH to USDT chart on the 4-hour timeframe. As you can see, the price is moving in the channel marked with yellow lines. Let's start with the support line and as you can see the first support in the near future is $1576, if the support is broken then the next support is $1557, $1542 and $1527. Now let's go to the resistance line, as you can see the first resistance is $1607 where the price turned around, the next resistance will be $1623, $1647 and $1678. Looking at the CHOP indicator, we see that energy has been used for the recent move, the MACD indicates a local downtrend, while on the rsi we see a rebound after a rebound.
by cryptodailyuk
1
DOT / USDT 1D CHART - Resistance and SupportHello everyone, I invite you to review the DOT chart in pair to USDT on a one-day timeframe. Let's start by marking the downtrend line, which the price has broken above, and we are currently moving above the uptrend line. Let's move on to denoting the resistances that the price must overcome, and here we see that the first resistance is at $7.14, the second resistance is at $8.06, the third is at $8.96 and the fourth is at $10.24. Looking the other way, we can similarly determine the places of support. And here we have the first support at $6.23, the second at $5.85, then we can mark the support zone from $5.55 to $5.20, and the second support zone from $4.78 to $4.20. As we can see, the EMA Cross 10 and 30 indicate an uptrend, the CHOP index indicates entering a local downtrend, while the RSI shows a rebound and a downtrend.
by cryptodailyuk
2
Daily review of BTC interval 4HHello everyone, I invite you to review the chart of BTC vs. USDT on a four-hour timeframe. As we can see, the price is moving in the local pattern trend channel. Now let's move on to marking the support points that the price has in case of further declines. And we can see that the first support is at $22955, the second support at $22679, if the price goes lower we can see a drop to around $21873 in line with the pattern being formed. Looking the other way, in a similar way, we can determine the places of resistance that the price has to face. As you can see, we have the first resistance at $23,305, the second resistance at $23,509, the third resistance at $23,663, and then a strong resistance zone from $23,842 to $24,078. It is worth watching the EMA Cross here, because we can see that the red EMA Cross 10 line turns around and when it crosses the green EMA Cross 30 line from above, we can see the entry into a downtrend. The CHOP index indicates that the energy is gathering strength, the MACD indicates a local downtrend, while the RSI has a healthy rebound, which may make room for new increases.
by cryptodailyuk
1
XRP/USDT - XRP is testing an abandoned formationHello everyone, I invite you to take a look at the XRP/USDT chart on the one-day time frame. As we can see, we are just below the downtrend line that XRP is clearly trying to break. Moreover, we see a rounded bottom pattern which after a positive resistance test is characterized by an upward breakout, in this situation we need to positively test the $0.40 resistance which is now price support, then we can see the $0.43 resistance, then a strong resistance zone from $0.46 to $0.50. However, if it happens that the price does not keep up with the pattern and our expectations, we can see a correction in this situation, we have the first support at $0.40, the second support at $0.38, the third at $0.37, then the support zone from $0.35 to $0.34. The CHOP index indicates that we have a lot of energy, the MACD indicates the entry into a downward trend, while the RSI shows a rebound and a visible downward trend.
by cryptodailyuk
1
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving in a triangle marked with yellow lines. Let's start with the support line and as you can see the first support in the near future is $23003, if the support is broken then the next support is $22846, $22700 and $22480. Now let's go from the resistance line, as you can see the first resistance is $23092, if you manage to break it the next resistance will be $23270, $23447 and $23698. Looking at the CHOP indicator, we see that there is still energy for a new move, the MACD indicates a local downtrend, while the RSI has a rebound and is moving in a downtrend.
by cryptodailyuk
Cardano Ascending Triangle formationHey Trader! This analysis is based on the Ascending Triangle concept, which is formed by the price of Cardano. In the analysis two support levels are visualized; Strong support at 0.2983 - 0.3290 , allocating back to mid-December, and the support level at 0.3632 . As the drawn triangle shows, the price follows bullish also called an "Ascending Triangle". This triangle combined with the Fibonacci tool can create a true picture of how the price of Cardano may land at the target at 0.5178 . I hope this analysis helped to give an instructive picture of Cardano's evolution and can be taken into consideration for the current situation as well as the future.
Long
by Aksel_Rom
Daily review of ETH interval 4HNow let's move on to the chart of ETH against USDT, also on a four-hour time frame. And here we can start by identifying with the yellow lines the triangle in which the price is moving. Going further, we see that we have the first support at $1602, the second support at $1579, the third at $1560, the fourth at $1540 and the fifth at $1514. Looking the other way, we can also identify places where the price may encounter resistance. And here we have the first resistance at $1613, the second resistance at $1628, the third at $1648 and the fourth at $1675. As we can see, EMA Cros indicated entering a local downtrend, but now it should be observed whether EMA Cross red 10 will cross the green line from below, which may be a confirmation of entering a local uptrend. The CHOP index indicates that we have more and more energy for the next move, the MACD indicates entering a local uptrend, while the RSI has changed the direction of the trend to an upward one.
by cryptodailyuk
Daily review of BTC interval 4HHello everyone, I invite you to the Friday cryptocurrency review. Let's start by checking the situation on BTC in pair to USDT on a four-hour interval. First of all, it is worth marking the uptrend channel in which the price is moving, while locally we are moving under the downtrend line. Now let's move on to determining the support places for the price and here, using the trend based fib extension tool, we can mark the first support at $ 22,750, if it is broken, we have the second support at $ 22,078, and the third at $ 20,989. Looking the other way, in a similar way, we can identify resistance points for the price, and as you can see, the first resistance is at $22995, at which the price turns around when we break it, the second resistance will appear at $23,438, the third strong resistance at $23,782 and fourth at $24,126. Let's also pay attention to the CHOP index, which indicates energy depletion, the MACD indicates a local downtrend, while the RSI shows a rebound and a downtrend.
by cryptodailyuk
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