Get started

Resistence

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
SOL !DInterval ReviewHello everyone, I invite you to review the SOL chart in pair to USDT, as before, using a one-day interval. First, we will use the blue lines to mark the downtrend 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 one that currently holds the price is $13.34, then we have a second very strong support at $12.09, and then a third very strong support at $7.99. Looking the other way, we see that the price has hit the first resistance at $16.19, if we manage to break above that resistance, then we have a second resistance at $18.22 and then a very strong resistance zone from $19.95 to $21.62, only when the price breaks it will move towards the resistance at $24.08. Please look at the CHOP index, which indicates that we may see some major movement, the MACD is on the verge of returning to an uptrend, while the RSI has a slight increase, but we are still at the lower end of the range, which gives a lot of room for the price to go up.
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 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 ANALYSIS 13/06/23BYBIT:BTCUSDT.P Just kicking my journey off with a nice and simple BTC analysis, so its quite obvious that we have come down too an area of support which is around the 25-26k mark. i dont care much for prices and news etc.. i like support and resistance... liquidity whatever... I'm purely a TA trader i have a very healthy strategy/routine that i have been in for a while now i will only be posting on what me as a person thinks is going to happen in the market, anyway btc has reached the 200EMA on the DAILY TF where you will also find a great zone of support (only valid if this support level proves confidence) now that we are in this zone of confidence we can set our SL's tight (under area of support) on a LOWER TF (15M, 1HR) ... then find your entry! Stick with the plan! For more on my routine, mindset, etc... DM me!
by fusfamily
LTC/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the LTC chart in pair to USDT, on a one-day interval. First, we will use the blue lines to mark the downtrend channel where the price is moving in the lower range, while inside the channel we can mark the local downtrend line under which the price is located. Moving on, we can move on to marking support areas when the current correction begins to deepen. And here the price is in front of a very strong support at $75.55, but if the support is broken then the next support is at $69.44. Looking the other way, we see first resistance at $78.88, second resistance at $82.11, then third resistance at $84.88, then we have a very strong resistance zone from $87.48 to $91, $21. At this point, it is worth noting that the current price drop caused the price to drop below the EMA Cross 200 line, which indicates a return to a strong downtrend. Please look at the CHOP index, which indicates that the energy has been used, the MACD confirms the current downtrend, while the RSI has a rebound to the lower end of the range, which may indicate the imminent end of the correction and the upcoming increase.
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
Daily BTC 1DChart - resistance and supportHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the blue lines to mark the downtrend channel in which the BTC price is moving. Further, we can see that the price bounces in a place just before the EMA Cross 200 line, which indicates the continuation of the long-term uptrend. Now we can move on to marking support areas in case of deepening correction. And here we first have support at $24868, but when the price goes lower we have very strong support at $24049, then third support at $23361 and fourth support at $22672. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. And here the first significant resistance will appear at the price of $28069, then the second resistance at the price of $29725, the third resistance at the price of $31102, only when the price breaks it will move towards the resistance at $32441. Please pay attention to the CHOP index which indicates that we have a lot of energy for the next price movements, the MACD indicator indicates a downward trend, while the RSI shows a visible rebound, but there is still room for the price to go down to lower levels in the coming days.
by cryptodailyuk
1
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