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Supportandresitance

ETH - USDT, 1D Interval Resistance and Support Hello everyone, I invite you to review the chart of ETH vs. USDT on the 1D time frame. As you can see, the price of ETH has been moving in a downtrend channel for a long time. Now let's move on to checking what support spots we should consider in the coming days or weeks and here we have the first strong support at $1128, but if the price does not hold at this support, we have the next ones only around $885. Looking the other way, we can also move to the determination of resistance points for ETH, and here we have the first significant resistance at the price of $ 1302, the next resistance is at the price of $ 1441, only further when the price goes towards the strong resistance zone from $ 1552 to $ 1666 and we manage to get out of this zone and test positively, we will get confirmation of leaving the downward channel and opening the way to further increases. What's more, we can indicate with the yellow line that the price is locally moving below the downtrend line. As we can see, the current volume is very low with a slight advantage on the part of the sellers, the CHOP index indicates that the energy has been used to correct the price, but we still have room for continuation. The MACD indicates the entry into a downtrend, while the RSI shows a decline, but with room for a deeper correction.
by cryptodailyuk
BTC 1D Chart ReviewHello everyone, welcome to the BTC/USDT 1D chart review. At the beginning, we can mark with blue lines a downtrend channel in which the BTC price has been moving for a long time. In addition, it is worth determining the main trend line using the white line, valid from the previous ATH. Now let's look at what support to consider should we experience a further price correction that is likely, and here we can see that we first have a support zone of $16,593 to $16,095 where the price is currently located, if the zone will be broken, the next support is at $15488, which is the last low, then we can see a drop to around $13,690, at the 1,618 Fib Retracement. Looking the other way, we have the first significant resistance at $17,777, which the price has already tried to overcome twice, only going above the first resistance and testing it positively will move towards the first zone from $19,198 to $21,512, and then to the second very important zone from $23,120 to $25,251. Please pay attention to the CHOP index, which indicates that we have less and less energy, which can give a respite and a local sideways trend, the MACD indicator indicates that we have entered a downtrend, while the RSI is slightly below the middle of the range, which may give an even bigger correction .
by cryptodailyuk
Large Holders Netflow vs Bitcoin Price📝Overview IntoTheBlock classifies addresses based on their holdings the following way: 🐋Whales: Addresses holding over 1% of a crypto-asset’s circulating supply. 🐬Investors: Addresses holding between 0.1% and 1% of circulating supply. 🐟Retail: Addresses with less than 0.1% of circulating supply. In most cases, any holder with over 0.1% of circulating supply of a large cap crypto-asset holds a substantial amount of funds. Therefore, Large Holders Netflow measures the amount of inflows minus outflows pertaining to these addresses. Spikes in netflow can be seen as accumulation from large players, while drops point to reduced positions or selling. (Source: IntoTheBlock) 📈Analysis Analyzing the Netflow graph of Bitcoin, Ether and main stable coins, we have an exit peak on 📅June 19, 2022, made in USDT, as shown in the green circle. The resistance created on this day needs to be broken to confirm a bullish scenario in Bitcoin price.
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by andre_007
KCSUSDT is testing the supportthe price is still testing the support inside a triangle. We are monitoring the price action and we are waiting for the breakout How to approach it? IF the price is going to have a breakout, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
8
DOT / USDT 1D CHART - Resistance and SupportHello everyone, I invite you to review the DOTUSDT chart on a one-day interval, as we can see, the price went down from the triangle in which we were moving and is currently below the downtrend line marked in yellow. In terms of support, we can see that we have touched the upper border of the support zone which runs from $5,121 to $4,957, however, if we fall below this zone, the price may drop to around $4.48. Looking the other way, it is worth determining the current resistance points for the price and so we see that we have the first resistance at $5,243, the second at $5,419, the third at $5,565, then $5.71 and $5,916. As we can see on the CHOP index, there is a lot of energy for the next move, the MACD indicates that we are on the verge of entering a downtrend, and the RSI that we are below half, however, we still have room for a larger drop, so be careful.
by cryptodailyuk
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 has moved sideways from the local downtrend line. Let's start with the fact that the price shot up and immediately reached the place of 0.61 Trend-Based Fib Retracement, but quickly returned to the starting place, so again we can consider the previous places as valid resistances and so we have the first resistance at the price of $ 17185, the second at $17,216, the third at $17,241 where the price reversed, then $17,267 and $17,303. Only when BTC overcomes these resistances and then positively tests them will we be able to move on. Now let's move to the support line, as you can see in the coming hours we have the first resistance at $17159, if the price goes lower, the next resistance is $17131, $17088 and $17037. Looking at the CHOP indicator, we see that in the 4-hour interval we still have a lot of energy for the next move, the MACD indicator indicates a local downtrend, while on the RSI we are quite high, however, the place where we are may indicate a sideways 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 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 $17132, if the support is broken then the next support is $17080, $16997 and $16897. Now let's move to the resistance line, as you can see the first resistance is $17217, if you manage to break it, the next resistance will be $17319, $17403 and $17480. Looking at the CHOP indicator, we see that almost all energy has been used in the 4-hour interval, the MACD indicator indicates that we are maintaining a local uptrend, and the RSI is very high, which may indicate a price correction.
by cryptodailyuk
1
GBPJPY Pre-Asian Analysis (1st December 2022)GBPJPY Pre-Asian Analysis (1st December 2022) Summary: * Downtrend since the start of the week * Looking for sells below 165.500 Things to look out for: * Tommorow is last trading date (friday) so plan accordinly to that. Dont over risk and if you had a profitable week only take quality trades tommorow. * USD Non-Farm, Employement news, alought its USD news sometimes it brings alot of volatility during the time of the news release, plan accordinly
Short
by DragunovFX
2
GOLD WEEKLY ANALYSIS (Nov 21 - 25)Looking at Gold price action it broke out of a daily major downward trendline together with daily support. It rallied up and currently it is now retracing, here short term sells will be facilitated. As seen by the grey supply and demand zones we expect Gold to retest the previous zone it broke through as it has not re-tested this zone yet. Just below this zone also happens to be a 38.2 fib retracement level which will be a safe spot to put SL below as we ultimately place long term buys to ride Gold all the way up to previous high.
PEPPERSTONE:XAUUSD
by Tadiwa_Bryan_Musere
Silver - Long Above Key SupportWe see Silver moving higher and continuing its recent uptrend from September lows just above $17 whilst it is above key support at around $21. However, we await key data releases such as the Q3 US GDP growth rate tomorrow and non-farm payrolls on Friday. This could indicate whether FED chair Powell will continue with aggressive rate hikes or increase market expectations that he would pivot as the US economy slows in particular with the recent lower than expected inflation data. A more dovish stance would boost Silver demand both as a safe haven and in it's use for industrial production.
FOREXCOM:XAGUSDLong
by KQMarkets