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Supportandresitance

XRP/USDT 1H Interval ReviewI invite you to review the chart of XRP paired with USDT. First of all, we will use the blue lines to mark the downward trend channel from which the price emerged at the top, which is important that the exit from the channel was based on an increase similar to the height of the downward channel itself. Currently, it can be seen that the price is moving along a local upward trend line, with three resistance points visible. It is worth mentioning that XRP is one of the few that stays above the blue 200 moving average line, and therefore remains in an upward trend. Going further, we can move on to marking places of support when the recovery begins to deepen. And here you can see that the price remained in the support zone from $0.51 to $0.50, but it is still worth defining a second, similar strong zone from $0.48 to $0.47. Looking the other way, we see that the price has been rejected from the resistance zone from $0.515 to $0.53, only when we manage to break out of it, we will see an attempt to increase towards the resistance level at $0.55. Please look at the CHOP index, which indicates that we still have a lot of energy to make a move, on RSI we are staying around the middle of the range, but adding the STOCH indicator to this, we have a visible rebound when we cross the upper limit in order to gather new energy for the move.
by cryptodailyuk
2
ETH/USDT 1HInterval Review ChartHello everyone, I invite you to review the ETH pair to USDT chart, also on a one-hour time frame. First, using the yellow line, we will mark the local upward trend from which the price broke down. At this point we can see that the break from the trend line also resulted in a drop below the EMA Cross 200, indicating a return to the downtrend. 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, first we can mark the support zone from $1,583 to $1,560, but if we fall below this zone, we may see a drop to the strong support level of $1,530. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here you can see that the price has been reduced by the resistance at the level of $1,600, when it overcomes it we have the second resistance at the level of $1,620, then we have the third resistance at the level of $1,637, and going further, it is worth defining a strong resistance zone from $1,654 to $1,677. The CHOP Index indicates that most of the energy has been used. the RSI indicator shows an increase towards the middle of the range, which indicates that there is still room for price increases, while the STOCH indicator has exceeded the upper limit and we are currently recovering and gathering energy for a new move, which confirms that the growth on the chart has stopped.
by cryptodailyuk
BTC/USDT Short-Term 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 is moving above the local downtrend line. After unfolding the Fib Retracement grid, we have a visible support zone from $26,493 to $26,192, then a second strong zone from $25,891 to $25,455, and then strong support at $24,884. Looking the other way, we have a strong resistance zone from $26,916 to $27,463, which has rejected the price increase, but when it is broken, there is still strong resistance at $28,181. Looking at the CHOP indicator, we see that the energy has been used, and on the RSI we have a strong rebound to the lower limit, which stopped further declines.
by cryptodailyuk
#GBPJPY Potential upside continuation*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in all pairs. since price rejected from the long term bullish channel upper line, price formed a bearish corrective structure with the possibility of upside continuation in favor of long term price movement. As it can be seen in the chart price struggling with supply area for the past few days and failed several times to break below this supportive area. more importantly today after another failed attempt to break below the support price rejected and formed strong bullish hammer candlestick pattern which can potentially shows buyers strength. Now in order to trade this pair I'm looking for price to fail to go lower than the 4H bullish hammer candle low or break above lower timeframe bearish trendline.
Long
by mohemati
#EURUSD 2 interesting areas for bearish continuation*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in the pairs specially USD pairs during news and while FOMC chairman speaks. Other than that we have 2 very important area for price to turn and possible continuation of downside movement. As you can see in the chart we have clear downtrend move in action in EURUSD pair and price been forming bullish corrective move since new low was formed.
Short
by mohemati
#CHFJPY bullish continuation*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in all pairs. As you can see in the chart price broke above short-term bearish trendline with strong 4H time frame Marubozu like candlestick which revels buyers strength. This bearish move since the completion of 4H time frame candle can be interpreted as pullback to test the broken trendline and its possible to be looking to buy in this area.
Long
by mohemati
USOIL : Trade Using Band of Midas 1. Clear all drawings and indicators. 2. A horizontal resistance level, observe if price reversed at here (React Don't Predict). 3. Add BandofMidas from indicators. Use Midas factor of 9.( suitable for this chart) 4. Price fall into Midas zone and reversed. Midas signal came out on 19Sep2023. Go Short. 5. Midas trend line still in pink. Take 50% profit at midas line, keep the other 50% position waiting the trend line turn white OR hit bottom midas zone. (Still an uptrend, this should be a profit taking area instead of going big short) 6. Plan your trade, risk reward ratio and position size.
FX:USOIL
by MidasAlgo
XRP/USDT 4H Review ChartHello everyone, let's take a look at the XRP to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local downtrend line. After unfolding the trend based fib extension grid, we see that first we have a support zone from $0.49 to $0.48, and then we have a second zone from $0.46 to $0.44. Looking the other way, we can see that the price has broken out of strong resistance and is struggling to maintain its position, while we still have resistance at $0.53, and then strong resistance at $0.58. Looking at the CHOP indicator, we see that there is still energy to continue the movement, while the RSI shows a visible increase, but there is some room for the price to go slightly higher.
by cryptodailyuk
2
SOL/USDT 4HInterval ReviewHello everyone, I invite you to review the SOL chart in the USDT pair, like the predecessors, on a four-hour interval. First, we will use the blue lines to mark the downward trend channel from which the price went up. Moving further after unfolding the Fib Retracement grid, we can mark a strong support zone in which, despite the increase, the price still remains from $20.22 to $16.98, but when we break out of it at the bottom, we can see the price drop to the area of strong support at 12.86 $. Looking the other way, we see that the price on its upward path has an important zone from $23.04 to $24.78, then we have a second zone from $26.56 to $29.03, and then a strong resistance at the level of 32.20 $. The CHOP index indicates that most of the energy was used in the upward movement, while the RSI and STOCH indicators confirm the exhaustion of energy in the movement, which allows for a current recovery and gathering energy for a new movement.
by cryptodailyuk
1
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