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Daily BTC 4HChart - 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 yellow line to mark the uptrend line above which the price is moving. Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking the support on which the price is currently based at $23740, then we have a strong support zone from $23245 to $22841, below we have support at $22199, and then $21337. Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. First, we have resistance at $24,049, once it is broken, we have a strong zone from $24,299 to $24,850. When the price moves up out of this zone, it will have strong resistance at $25,255. Please pay attention to the CHOP index, which indicates that the energy is slowly growing all the time, the MACD indicator shows the upward trend, while the RSI shows a visible rebound, which may give room for new increases.
by cryptodailyuk
Gold - Too good to be true?Hey fellows!!! Gold is still pushing down, On the lower TF we gat what looks like to be a couple of bearish flags breakouts going on. After gold has been trading in a tight ascending range all week, it finally broke the flag down yeasterday following US news, And today, it came back to retest the 1870 level and again, US news kicked in! So here are we now, breaking another flag, to, maybe, go get the 1830ish + level where gold could find some support, so that would be a great target, Reasons that make me think of a fall until the Target Area: 1) Gold getting a lot of selling pressure 2) It broke a bearish flag yesterday, and retested it today 3) It's breaking another flag right now 4) It retested 1870 with an ugly "not in the textbooks" inside bar on H2, nice wicks on H4, several engulfings on H1 5) 1870 was also the 50% fib retracement of the last impulse down move 6) the break of the mother bar in H2 is a signal for a sell, like were the past two H4 candles as well, Ok well again we will see what the market decides to do but hey gold, that a lots of facts that go in favor of a meltdown! Even just temporary, there's only one thing, the 1850 level is on the way. Price bounced on it once, so, it's gat to make it trought otherwise we might see another restet of 1870. But then after that, ther'es virtually no resistance all the way to the Target Area, knowing that there's an imbalance if you look left on gibber TF The whole thing about it is, is it too good to be true or, is it like sometimes it's just like in the textbooks? Market will tell :) Thanks for reading Cheers and happy trading!!!
FOREXCOM:XAUUSDShort
by aemerydufoug
2
BTCUSDT - Trading Range (Retest)2Hour Chart - UTC+1 My best effort attempting to draw a trading range that the price if currently retesting to enter back into the range. Will create a separate chart idea for a possible trading range should we continue to the upside. Trading range: Bottom 21,500 Top 24,300 and Middle 22,900. At the time of writing, possible retest of the top of the range. Not having yet hit the weekly at 24,295 could possibly be a signal for a front run however, levels between this weekly and daily levels above seem to be well respected. * The weekly was tapped. Nice reaction, lots a resistance above after recent daily action. Fibs: Fib Channel from low on Saturday 14 Jan at 11:00, to low Mon 13 Feb at 17:00, to higgh Thurs 2 Feb at 01:00. Fib Retracemet from low Mon 13 Feb 2022 at 17:00 to high Thurs 16 Feb at 17:00. Interesting level is 0.618 about mid of the channel including a daily an nPoc. Assumptions: All monthly, weekly, daily, and nPoc Horizontal rays act as support and resistance levels. Support when price is above and resistance on price action below. Fib channel also used for indication of past and present possible support/resistance levels. My bias: Bullish for a break to the upside. Plenty of price discovery above should the range be broken to the upside. Although bias I'm always trading the levels as they come.
by hmaroudas
Daily review of BTC interval 4HHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the interval of four hours. First, we will use blue lines to mark the local uptrend channel in which the BTC price is moving. Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking the support at the price of $ 24,129, when the price drops lower, the second support is at $ 23,789, then at the price of $ 23,434 and $ 22,952. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. We will first mark support at $24,825, when it breaks, then we have second support at $25,300, then support at $25,741, and then support at $26,404. Please pay attention to the CHOP index, which indicates that we are gathering energy again, the MACD indicator indicates entering a local downtrend, while the RSI shows a visible rebound, but we are still moving in the upper part of the range.
by cryptodailyuk
DOT / USDT 4H CHART - Targets and Stoploss!Hello everyone, let's look at the DOT 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, first we have a support zone from $6.66 to $6.57, if the support is broken then the next support is $6.45 and $6.29. Now let's move on to the resistance line, but first we have a resistance zone of $6.82 to $6.95, if we manage to break it, the next resistance will be $7.08 and $7.27. Looking at the CHOP indicator, we see that most of the energy has been used, the MACD is close to entering a downtrend, while the RSI indicates a strong reaction, which creates room for increases.
by cryptodailyuk
1