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Supportandresitance

LTC/USDT Review ChartGoing further, we will check what the situation on LTC looks like, taking into account the four-hour interval. let's start by marking the downward trend channel with blue ones, from which the price went up and started moving along the local upward trend line, above which it is currently staying. At this point, it is worth marking the first and current second attempt to return above ema cross 20o to the upward trend, which has been rejected at this time. After unfolding the Trend Based Fib Extension tool, we can mark the first support zone from $64.86 to $62.94, then we can mark the second zone from $59.85 to $57.66, and then strong support at $54.84. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that currently the price has been rejected by the resistance zone from $66.70 to $69.17, only when it is broken we will see an attempt to attack the resistance at $72.30. The CHOP index indicates that most of the energy has been used, on the RSI we approached the upper limit, to which the chart reacted with a price recovery, while the STOCH indicator indicates that currently the energy needs to recover before the price increases further.
by cryptodailyuk
ETH/USDT 4HInterval Review ChartHello everyone, I invite you to review the ETH pair to USDT chart, also on a four-hour time frame. First of all, we can use the blue lines to mark the downward trend channel from which we could see the exit from the top and we are currently moving above the local upward trend line. However, it is worth noting that at this point it was not possible to break out of the moving average of 200, which indicates that the downward trend remains. Now let's move on to marking the support places. To mark supports, we will use the trend based fib extension tool, and as you can see, first we have a support zone from $1,618 to $1,587, then we will mark the second visible zone from $1,563 to $1,537, and then the third strong zone from $1,500 to $1,454. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here we have the first very strong resistance at the price of $1,652, which has currently rejected the price increase, then we have to overcome a strong resistance zone from $1,685 to $1,727, only after going higher and testing this zone will we see further increases. Index CHOP indicates that energy has been used. On the RSI, despite room for growth, the correction on BTC also had an impact on the entire market, which resulted in a price recovery, while the STOCH indicator showed energy consumption, which resulted in a quick recovery.
by cryptodailyuk
2
BTC/USDT 4HInterval ReviewHello everyone, let's take a 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. When we unfold the Fib Retracement grid, we can determine the first support zone from $26,838 to $26,468, then we have the second support zone from $25,866 to $25,442, and then strong support at $24,899. Looking the other way, we will check the resistance areas and here it is clearly visible that the price is trying to break through the resistance zone from $26,930 to $27,484, and then has to overcome the resistance at $28,190. Looking at the CHOP indicator, we see that the energy has been significantly depleted, while the RSI indicator also indicates that the upper limit has been exceeded, which resulted in a slowdown in the price increase.
COINBASE:BTCUSD
by cryptodailyuk
1
ETH/USDT Short-Term ReviewHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price is moving above the local downtrend line. After unfolding the Fib Retracement grid, we see that the price remains at the upper limit of the support zone from $1,625 to $1,607, then we have the second zone from $1,577 to $1,557, and then strong support at $1,530. Looking the other way, we have to overcome a strong resistance zone from $1,640 to $1,669, and after breaking above it, we can see a strong upward movement to around $1,755. Looking at the CHOP indicator, we see that there is little energy left for the next move, while the RSI indicator shows a return to the lower part of the range, but with room for the price to fall lower.
by cryptodailyuk
2
Strong Bullish Momentum!Despite the news, I've been bullish on the Dollar Yen and it appears the weekly chart is confirming that. It's currently on a bullish movement, having surpassed the immediate resistance level and heading higher. For counter trend traders, I recommend waiting for further confirmation before engaging in shorting opportunities. The four hour chart is on the rise to the previous resistance, but ensure to match your time zone with your trading house broker time. There's presently a violation of the previous high on both the four hour and one hour charts, so it's not ideal to short yet. If you're seeking a buying opportunity, keep an eye out for a pullback at 144.79. On the four hour chart, there's a trend line waiting for a retest at this level. Ensure to wait for candle close before entering trades and watch for the market respecting the trend line. Personally, I choose to look for a buying opportunity at 147.49. My initial stop-loss will be placed at 147.15, and target 1 at 147.94. However, please note this isn't trading advice, so be sure to conduct your own analysis and not follow blindly.
Long
by RaynLim
BTC Short-Term 1HInterval ReviewHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price has moved higher from the local downtrend line. After unfolding the Fib Retracement grid, we can determine a support zone from $26,422 to $26,132, then we have a second zone from $25,656 to $25,320, and then strong support at $24,885. Looking the other way, we see that the price has turned back before the resistance zone from $26,918 to $27,461, when we overcome it, we have another very strong resistance at the price of $28,160. Looking at the CHOP indicator, we see that the energy is running out, while the RSI indicator is back near the middle of the range, which gives room for a new increase, but it is worth waiting for the energy to regain.
by cryptodailyuk
1
LTC Short-Term 1HIntervalHello everyone, let's take a look at the LTC to USDT chart on a one hour time frame. As you can see, the price is moving above the local downtrend line. After unfolding the Fib Retracement grid, we can determine a support zone from $63 to $62, then we have a second zone from $60 to $59, and then strong support at the price of $57. Looking the other way, we see that the price is struggling with the resistance zone from $64 to $65, then we have resistance at $67, and then strong resistance at $70. Looking at the CHOP indicator, we see that there is still some energy to continue the upward movement, while the RSI indicator is approaching the upper limit, but we also have some room to go higher.
by cryptodailyuk
BTC/USDT 1DInterval ReviewHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-day interval. First, we will use the yellow line to mark the upward trend from which the price came out at the bottom, while currently we are moving under the orange line which indicates that the downward trend remains. Now we can move on to marking support areas in the event of a correction. And here, first of all, it is worth marking a strong support zone from $25,679 to $24,249, which has so far kept the price from further declines, but when we fall below this zone, we may see a drop to the area of $22,184, and further even to the support area at the price of 19,529 $. Looking the other way, we can determine resistance locations in a similar way using the Fib Retracement tool. First, we will mark the resistance zone from $26,541 to $227,585, which the price cannot cope with for now, when it manages to overcome it, we have the second zone from $29,196 to $30,376. When we manage to overcome these two zones, we will go towards the resistance at the price of $31,873, only when the price positively tests it will we be able to see further increases. When we turn on the EMA Cross 200, we see that the price is again approaching an attempt to attack the blue line, which could result in a return to the upward trend. Please pay attention to the CHOP index, which indicates that we have more and more energy for the upcoming move, on the RSI we are moving around the middle of the range, which may result in a price recovery, while the STOCH indicator indicates that the energy of the upward movement is running out, which may also translate into price recovery before further increases.
by cryptodailyuk
1
BTC 1H Interval Review ChartHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price has moved higher from the local downtrend line. After unfolding the Trend Based Fib Extension grid, we see that we have a support zone from $26,040 to $25,573, and then we can designate a second strong support zone from $25,193 to $24,802. Looking the other way, we see that the price is trying to overcome the resistance at $26,741, and when it does, it will move towards the resistance zone from $27,231 to $27,879. The CHOP index indicates that most of the energy was used in the current move, on the RSI we are moving in the upper part of the range and reversals give room for growth, while the STOCH indicator indicates that the energy in this move has been used, which may provide a moment of recovery.
by cryptodailyuk
2
BNB/USDT 1DInterwal Review ChartHello, I invite you to review the BNB chart taking into account the one-day time frame. As we can see, the price is still in the downtrend channel marked with blue lines. When we unfold the Trend Based Fib Extension grid, we see that the price remains in a strong support zone from $212 to $205, but when we fall lower we have a second zone from $199 to $189, and further we can see the price drop to the support level of 176 $. Looking the other way, we can similarly determine the resistance areas that the price must face. And here it is worth marking the main strong resistance zone from $229 to $244, only when the price goes above it and tests positively will we see an increase to the area of strong resistance at $270. The CHOP index indicates that energy is slowly gaining strength. On the RSI we are moving in the lower part of the range, which should bring an increase in the price in the coming days, while on the STOCH indicator we also have a lot of room for the price to start growing, which may have a positive impact on the valuation of BNB.
by cryptodailyuk
3
ETH/USDT 4HInterval ReviewHello everyone, I invite you to review the chart of ETH in pair with USDT, also on a four-hour interval. First of all, we can use the blue lines to mark the downward trend channel in which the price is currently moving and, as we can see, we have another attempt to exit the prevailing downward channel. Now let's move on to marking the support places. We will use the Trend Based Fib Extension tool to mark supports, and as you can see, the first one we have is a support zone from $1,575 to $1,544, which has kept the price from falling further, and then we have a second strong support zone from $1,493 to $1,457. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here we have resistance at the level of $1,606, then there is a strong resistance zone from $1,628 to $1,683, if it manages to break out of it, the price must overcome the resistance at $1,726 before further increases. The CHOP index indicates that there is a lot of energy for a move, there is a visible increase on the RSI and there is room for the price to go higher, while the STOCH indicator indicates that there is no energy for an upward move, which may result in an increase in the price and then a slight rebound to gain energy.
by cryptodailyuk
BTC/USDT 4HInterval Review ChartHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the four-hour interval. First of all, we will mark the side trend channel with blue lines, in which, as we can see, the price tried to go up, but quickly returned to the channel and currently the attempt to leave the channel down also ended with the price quickly returning to the side trend channel. When we turn on EMA Cross 200, we see that the price is still in a downward trend under this line, but an upside exit from EMA Cross 200 may result in an upside exit from the channel and a return to the uptrend. Now we can move on to marking support areas in the event of a correction. For this purpose, we will use the Trend Based Fib Extension tool and we can see that first we have a support zone from $25,760 to $25,287, then we have a second zone which has kept the price from falling further from $24,901 to $24,515 for now. Looking the other way, we can determine resistance areas in a similar way. First, we will mark the resistance zone from $26,093 to $26,466, when it is overcome, we have resistance at the level of $26,839, which is located at the upper border of the side trend channel, and when it is overcome, we have a second zone from $27,365 to $28,037, only when the price tests it positively, it will be able to go up further. Please pay attention to the CHOP index which indicates that the energy for growth is slightly increasing, on the RSI we are moving in the upper part, which may result in a slight recovery, while the STOCH indicator also indicates that the energy for growth is running out, which may result in a slight price recovery.
by cryptodailyuk
2
Look for support and resistance lines to help with daytradesI'm looking for a DT entry here on AMD but instead of entering prematurely and hoping it goes up, I'm waiting for bullish confirmation that will happen if bulls reclaim the resistance and use it as support. Meaning, it should shoot above resistance, then dip down to that line as SUPPORT. That would be my ideal entry. Watch to see what happens here. Good learning experience even if you are not in the trade. You are welcome to use volume and moving averages to assist you with your entries. NASDAQ:AMD
NASDAQ:AMDEducation
by kingdips
GBPJPY will fluctuate in a wide range!Strong Bullish candles and weaker bearish moves. Candles are begging traders: BUY! But the super bullish channel might be broken this time. Remember these kind of channel won't last long! Take a look at GBPUSD Pound is going to be weaker against USD Same for USDJPY: If I want to favor one to another I'll choose GBP so our suggested entries in lower time frames could be found around: LONG AT: 181.05 AND : 177.71 SL : below 176.71 Take profit points: 183.00 186.00 Any breaking news or an important one, could devaluate this analysis. Also, breaks out of the yellow range is expiration of the idea.
by AliSignals
BTC Short-Term Review 1H ChartHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As we can see, the price moved upwards from the local downtrend line. After unfolding the Fib Retracement grid, we see that first we have a support zone from $25,994 to $25,787, then support at $25,618, then a second zone from $25,452 to $25,210, and then support at $24,906. Looking the other way, we are in the resistance zone from $26,113 to $26,450, after breaking higher we can see an increase to the resistance at $27,390. As we can see, every energy collected on the CHOP index is used for growth, on the RSI we have reached the upper limit, and the STOCH index has also exceeded the upper limit, which may result in a slowdown in the current growth and a moment of recovery before further growth.
by cryptodailyuk
2
XRPBTC Possibly The Most Bullish Chart In Crypto!I applied the fixed range volume profile tool to the history of XRPBTC pair on Bittrex on a weekly timeframe. It shows a very well defined clear level of support and resistance formed by the POC. This has to be the most bullish chart out there. No doubt once XRPBTC breaks out of this zone, it will significantly outperform BTC. This is a regular scale / nonlogarithmic chart, which I think gives you a better image of what XRP can do once it breaks out of this range.
Long
by jaepayne