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Resistence

Bitcoin Short-Term Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium. When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin ⓡ Resistance Line 28570$ ⓡ Resistance Line 28317$ ⓢ Support Line 27682$ ⓢ Support Line 27229$ ⓢ Support Line 26693$ The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions. Thank you for reading my poor analysi
by WhaleGO_BTC
Daily ETH 1DChart - resistance and supportI invite you to review the chart of ETH in pair to USDT, on a one-day interval. First of all, with the help of yellow lines, we can mark the downtrend channel, which the price overcame, while we are currently moving in the uptrend channel, for which we used blue lines. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the support, and as you can see we have a strong support zone from $1673 to $1552 first, but as we go lower we have a support at $1462 and then a third support at $1372. 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 $ 1828, with which the price has been fighting for several days, when it manages to overcome it, the next very strong resistance is at the price of $ 2028. The CHOP index, similarly to the BTC situation, indicates that we have a lot of energy for the upcoming move. The MACD indicator is on the verge of entering a downtrend. On the other hand, we see a rebound on the RSI after recent increases.
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 of all, we will use the yellow line to mark the downtrend line, which the price has overcome upwards. Now we can move on to marking the places of support in the event of a correction. And here it is worth first to mark the first support at $25965, then we have the second support at $23905, the third support at $22459, and then the fourth support at $20768. Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. First, we will mark a very strong resistance at $28,794, from which the price bounced several times, but when it comes out higher, we have another very strong resistance at $32,422. As we can see the EMA Cross 10 and 30 indicate an ongoing uptrend. Please pay attention to the CHOP index which indicates that we have a lot of energy for the upcoming move, the MACD indicator indicates entering a local downtrend, while the RSI is in the process of a slight rebound, but there is still room for a deeper correction.
by cryptodailyuk
DOT/USDT 4HInterval Resistance and SupportHello everyone, welcome to the DOT chart on today's chart of USDT pair, on a one-day time frame. First, we will use the yellow line to mark the downtrend line from which the price has increased. Moving forward, we can move on to marking support areas as we begin a major correction. And here we see the price is just below the first support, then we have the $6.11 to $5.93 support zone ahead of the price, the third support at $5.74 and then the fourth support at $5.49. Looking the other way, we see first resistance at $6.53, then second resistance at $6.86, then third resistance at $7.32 Please look at the CHOP index which indicates we have a lot of energy for the move ahead, the MACD indicates we have entered a downtrend while the RSI is in recovery.
by cryptodailyuk
Gold Price is @ major Resistance.As shown in this simple chart that Gold is Trading in between our resistance zone...with 1884 being most important for this whole week...we are watching price behavior in this resistance zone and will look that either 1884 hold or not... minimum in hourly chart. Take 1884 as a pivot point and you can buy above after an hourly closing...and if it fails to break 1884 then we'll see selling in gold and targets are mentioned in chart... Good Luck and Trade wisely.
FX:XAUUSD
by AdilHussain731333
6
BNB/USDT 4HInterval ShortTerm 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 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 $309, if the support is broken then the next support is $306.1 and $302.1. Now let's move to the resistance line, first we have a resistance zone from $312.3 to $314.4, then a second resistance zone from $316.2 to $317.9, a third resistance at $320.5, then a fourth resistance at $323.6. Looking at the CHOP indicator, we see that the energy is starting to rise, the MACD confirms the local downtrend, while the RSI is moving in the lower part of the range, which may indicate an upcoming price increase.
by cryptodailyuk
Daily ETH 4HChart - resistance and support SHORTTERMHello everyone, let's look at the ETH to USDT chart on the 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 the first support in the near future is $1782, if the support is broken then the next support is $1762, $1741 and $1713. Now let's move on to the resistance line, as you can see the first resistance is $1823, if you manage to break it, the next resistance will be $1846, $1865 and $1885. Looking at the CHOP indicator, we see that there is energy to continue the move, MACD confirms the local downtrend, while the RSI shows a rebound, which positively creates room for a future price increase.
by cryptodailyuk
DXY - Higher Prices in Sight / Risk OFF The US-Dollar Index has aligned itself for long-term Bullishness (Risk OFF). If the DXY goes higher, all other markets will get pressured lower as a result of that (Forex, Indices, Treasury Bonds, Crypto & Commodities) ... Monthly Timeframe: Price is respecting the BISI + Discount OB. I like how the wicks tested the BISI and OB by leaving wicks in them, but the bodies of the candles closed outside. That's usually a great indication for a run higher. As a first target, I'm aiming for the Monthly SIBI. Does price break through it to the upside, BSL priced at 114.800 is the next target. If price breaks through that, I'm aiming for a run above the BSL into 124.000. Important: If price goes Lower instead, and a Monthly candle Closes Below the BISI (see the image below), we should get a clean run lower to SSL at 88.250. But as long as price remains closed above the BISI, I'm Bullish. Weekly Timeframe: Price ran out SSL, and we can further expect a move higher. Orderflow has also shifted bullishly as price traded through a Bearish Orderblock to the upside. We should now see every OB and FVG get supported in the trend higher. Weekly SIBI in sight on the weekly timeframe. Daily Timeframe: Price is currently in a Market Maker Buy Model. The MMBM is completed if price reaches the BSL high at 114.800. Each re-distribution should get mitigated with an accumulation to the upside. Also see that as price swept the SSL, price created a market shift to the upside and rebalanced the BISI, and continued running higher from there. The BSL High is a LRLR, Low Resistance Liquidity Run. It's easier for price to take these levels out, and the runs toward these levels are usually met with cleaner runs with less retracements to the opposing direction. This is my speculation. It is not financial advice. Do your own research and analysis before engaging the market.
TVC:DXYLong
by Bastianelton
4
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 has moved out of the local downtrend channel. Let's start with the support line and as you can see the first support in the near future is $28187, if the support is broken then the next support is $27996, $27792 and $27517. Now let's move on to the resistance line, as you can see the first resistance is $28525, if you manage to break it, the next resistance will be $28716, $28874, $29029 and $29253. Looking at the CHOP indicator, we see that we have a lot of energy to move, MACD is on the verge of returning to a downtrend, while the RSI is moving in the upper part, which may affect the price's slight rebound.
by cryptodailyuk
DOT/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the DOT chart in pair to USDT, on a one-day interval. First, we will use the yellow line to mark the downtrend line from which the price went up. Moving on, we can move on to marking support areas when we start a larger correction. And here we see that the price is just below the first support, then we have a support zone from $6.11 to $5.93 in front of the price, third support at $5.74, and then fourth support at $5.49. Looking the other way, we see first resistance at $6.53, then second resistance at $6.86, then third resistance at $7.32 It is worth paying attention to the EMA Cross 10 and 30, we can see that the red line of the EMA Cros 10 is moving just below the EMA Cross 30, the crossing of the green line by the red line can confirm the change of the trend to an uptrend. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the MACD indicates that we have entered an uptrend, while the RSI has left the downtrend.
by cryptodailyuk
Daily BNB 4HChart - 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 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 $315.3, if the support is broken then the next support is $311.8, $308.9 and $306.2. Now let's move on to the resistance line, as you can see the first resistance the price is currently fighting is $319.2, if it holds, the next resistance will be $320.9, then $323.5 and $326.7. Looking at the CHOP indicator, we see that there is a lot of energy for a move, MACD indicates a local uptrend, while the RSI, despite a small increase, still has room for an upward move.
by cryptodailyuk
LTC/USDT 4HInterval Resistance and SupportAs the second chart in today's review, we'll be looking at LTC against USDT, also on a four-hour timeframe. First of all, using the yellow line, we can mark the downtrend line from which the price went up, while locally, we can mark the uptrend channel in which the price is currently holding with blue lines. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the support, and as you can see, we have the first support at $88.69, then we can mark the support zone from $86 to $84, however, when the price falls below this zone, we can see a drop around the support at $76.77. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here, the first resistance that LTC is fighting is at $90.09, the next resistance is at $96.98, and then the third resistance at $105.58. The CHOP index indicates that the energy is slowly gaining strength. The MACD indicator indicates a local downtrend. On the other hand, on the RSI, after a slight rebound, we have room for growth, when the price breaks the current resistance, we can see an attack on the second resistance.
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 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 near future is $1765, if the support is broken then the next support is $1745, $1725 and then $1696. Now let's move to the resistance line, as you can see the first resistance is $1800, if it breaks through, the next resistance will be $1822, the third resistance will be $1839 and the fourth will be $1856. Looking at the CHOP indicator, we see that we have a lot of energy, the MACD is on the verge of returning to a downtrend, while the RSI has a rebound, but with room for a deeper correction.
by cryptodailyuk
1
Bitcoin Short-Term Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium. When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin ⓡ Resistance Line 28567$ ⓢ Support Line 28319$ ⓢ Support Line 27561$ ⓢ Support Line 27229$ ⓢ Support Line 26894$ The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions. Thank you for reading my poor analysi
by WhaleGO_BTC
BTC QUICK UPDATE! TIME TO BE CAUTIOUS!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC gives a huge rally in Q1 of 2023. It pumps almost 100% from the bottom. In HTF we have a strong resistance at the $29k-$32k level. According to this chart, BTC formed a parallel channel in a 4hr time frame and currently trading at the upper boundary of the channel. Expecting a rejection from here. Invalidation:- If the 4hr candle closes above the channel then this bearish scenario will be invalidated. What do you think about this?| Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
2
DOT/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the DOT chart in tandem with USDT on a four-hour interval. As we can see, the price has broken out of the local downtrend channel which we have marked with blue lines and is struggling to hold the price. Let's start by marking the support spots for the price and we see that we first have support at $6.06 just as we return to the descending channel, but if the price goes lower, we have another support at $5.92, then at $5.81. 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 bounced off a strong resistance at $6.27, then we have a resistance at $6.35, a third resistance at $6.42, and then a fourth resistance at $6.48. The CHOP index indicates that there is some energy left for the next move, the MACD confirms the ongoing local uptrend, while the RSI has reached the upper part of the range after a nice price increase and now we have a healthy correction.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, I invite you to every Wednesday 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 channel of the sideways trend, and using . Now we can move on to marking the places of support in the event of a correction. And here we see that we have the first support at the price of $28163, the second support at the level of $27853, the third support at the price of $27592, and then it is worth marking the support zone from $27347 to $26982. Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. First we have very strong resistance at $28,419, second resistance at $28,930 and third resistance at $30,427. Please pay attention to the CHOP index, which indicates that most of the energy has been used, but there is still some movement left, the MACD indicator indicates a local uptrend, while the RSI indicates entering the upper part of the range, which can give you a moment of breath or a slight rebound.
COINBASE:BTCUSD
by cryptodailyuk
1