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Trendbasedfib

BTC/USD 1D LongTerm1. Price and main trend • Current price: 113,448 USD (decrease -2.42%). • On the daily chart you can see that Bitcoin pierced the yellow upward trend line and descended below the average walking (SMA). This is a signal of weakening the trend. 2. Support and resistance • resistance: • 117,687 (SMA - local resistance). • 120,645 and 122.766 (stronger resistance zones). • Support: • 113.016 (first, local support). • 110.541 (important support). • 106,238 (key support - if it falls, more correction possible). 3. Medium walking (SMA/EMA) • The price has gone below short -term medium (red and green lines). • This suggests that the advantage has temporarily switched to the side of sellers. 4. MacD • MacD histogram goes into a negative zone. • The MacD line drops below the signal → This is a sales signal. 5. RSI • RSI oscillates below 50 and slightly reduces. • This means weakening the momentum of bulls and a potentially place for further decline (only around the RSI 30 would mean a strong sale). 6. Summary of the situation • Technically the market looks weak - a breach of an upward trend, exit below medium and negative MacD. • The next key support is: 113K → 110.5k → 106.2k. • If 113K persists, it is possible to bounce up to 117k -120k, but only a return above 120K would change the sentiment to a more bullish.
BITSTAMP:BTCUSD
by cryptodailyuk
BNB/USDT 4H chart reviewKey levels: • Resistance: 845.64 → 867.39 → 898.75 • Support: 819.84 → 788.98 → 765.21 • Current price: ~ 835 USDT Structure: • The upward trend is still in force (black rising trend line). • After the summit around 867, the market made a correction to 819 and bounced. • Now the price consolidates between 819 and 845, just above the trend line. Scenarios: 1. Bullish (advantage of buyers) • If the price stays over Trendline and 845, a possible attack on 867, and then to 898. • Confirmation of increases will be closed with a 4h candle above 845. 2. Bearish (sellers' advantage) • Support loss 819 = weakness signal. • Further goals: 789 and 765 (key support). • Trendline fracture will further strengthen the pressure of supply. 📊 Summary: • As long as 819 and the trend line hold the advantage on the bull side. • 845–867 is a strong resistance zone - here you have to be careful about the implementation of profits. • Breaking below 819 will open the way to a deeper correction.
by cryptodailyuk
NVDA goes to $200NVDA keeps pushing towards $200 major resistance area, a very good momentum showed by a clear bullish trendline and stochastic momentum. No sign of bearish yet but still we've seen a slow but steady gain over the last couple days. Trend-based fibonacci is used to project the target price for NVDA. Short-term downward momentum might appear, however if NVDA isn't break down the 1.618 fibonacci level ($165-$170 price range) from the previous trend-based fibonacci, we could say that NVDA still remain bullish. Stop loss is optional on that level.
NASDAQ:NVDALong
by FractalNoise
BTC/USD 1D1. Price Structure and Patterns Medium-Term Trend: Since mid-June, the price has been consolidating between ~$112,000 and ~$121,000, but with a slight upward slope. Upward Channel: Marked with orange lines – the current candlestick is near the top of this channel. Triangle Breakout: The white dashed line indicates an upward breakout from the converging triangle (symmetrical) formation, which could signal continued growth. 2. Support and Resistance Levels Nearest Support: USD 117,009 (Fib. Level 0.236 and local low) USD 115,912 (SMA200 – red line) USD 112,167 (lower consolidation boundary and prior support) Nearest Resistance: USD 121,151 (Fib. Level 0.382) USD 123,966 (Fib. Level 0.5 – key psychological and technical resistance) USD 126,781 (Fib. Level 0.618 – strong resistance) USD 130,788 (Fib. Level 0.786 – breakout target) 3. Technical Indicators MACD: The MACD line is beginning to intersect with the upside signal line – suggesting the beginning of upward momentum. RSI: 59 – rising, but not yet in the overbought zone (above 70). This means there is room for further growth. Moving Averages: The SMA50 (~$114,020) and SMA200 (~$115,912) are below the price – a bullish pattern. The price has rebounded from the SMA50, which is often a good starting point for further growth. 4. Scenarios Bullish (more likely at this point) If the price holds above $118,000 and breaks $121,151, a quick move to $123,966 and then $126,781 is possible. Confirmation – the daily candle closes above $121,151 on increasing volume. Bearish If the price falls below $117,000, a retest of $115,912 is possible, followed by $112,167. A break of $112,167 could signal a downtrend reversal. 5. Key Observations Volume is increasing on bullish candles → a sign of accumulation. The price is near strong resistance at $121,000–$122,000 – a correction is possible here. Longer term (Fib from the March low), there is potential for a move towards $130,000–$135,000 if the trend continues.
BINANCE:BTCUSD
by cryptodailyuk
ETH/USDT 12h chart1. Punction of the downward trend • The black inheritance trend line has been broken up - this is a strong signal of Bycza. • Breaking was confirmed by a strong candle movement and high growth dynamics. ⸻ 2. Key levels of support and resistance • Support: • 3930 USDT - previous resistance, now the defensive zone with possible correction. • 3709 USDT - deeper support. • 3488 USDT - critical support, below which the upward trend would be negated. • resistance: • 4048 USDT - current local resistance (the candle touched and lightly reflected). • 4304 USDT - another strong resistance. • 4484 USDT - long -term resistance and potential goal when continuing to grow. ⸻ 3. RSI • RSI is around 70 - close to the purchase zone. • suggests the possibility of a short correction or consolidation before the upward trend continues. ⸻ 4. Scenarios Bycza (continuation of growth) • Maintenance above 3930 USDT. • Breaking over 4048 USDT opens the road to around 4300–4480 USDT. Bear (correction) • Rejection to USDTT 4048 and a decrease below 3930 USDT may bring a rate to around 3709 USDT.
by cryptodailyuk
Chainlink (LINK/USDT) from 1D interval📈 Trend and Market Structure Current trend: Upward (higher lows and highs) The price is moving within an ascending price channel, marked by two black trend lines. The recent rebound occurred from support around 14.83 USDT, which coincides with the lower boundary of the channel. 🔍 Key Levels ✅ Resistance (green horizontal lines) 18.98 USDT – local high 21.16 USDT – main resistance, possible target after breaking $19 18.27 USDT – current local resistance zone, currently being tested 17.62 USDT – mid-range resistance 🛑 Support (red horizontal lines) 15.97 USDT – first local support 14.83 USDT – important support (price reaction, trend confirmation) 13.30–13.50 USDT – key demand zone 12.50 USDT – lower historical support 📊 Indicators 🔄 Stochastic RSI %K and %D lines cross from below → buy signal Currently emerging from oversold levels (< 20), which could indicate a continuation Growth 📉 MACD The histogram is decreasing, but the rate of decline is slowing. Possible buy signal if the MACD line crosses the signal line from below. 🔊 Volume Increasing volume during gains, lower volume during corrections – confirms bullish strength. The recent decrease in volume may indicate consolidation or preparation for the next move. 📌 Scenarios 🟢 Bullish Scenario: Uptrend maintained within the channel. Breakout above 18.27 and 18.98 → possible rally to 21.16. Confirmation by MACD/Stoch RSI. 🔴 Bearish Scenario: Break of support at 15.97 and the trend line → possible decline to 14.83 or lower (13.30). MACD may continue to decline if a strong rebound is not achieved. 🧠 Summary Trend: Bullish Price is currently testing resistance at 18.27. Key support levels to watch: 15.97 and 14.83. Indicators are providing potential buy signals, but confirmation will be needed on higher time frames or on stronger volume.
by cryptodailyuk
BNBUSDT 4H Review🔍 Technical Structure 📉 Descending Channel (orange lines) The price was moving in a clear downtrend within the channel. A breakout from the channel to the top occurred, which is a potentially bullish signal. The price is currently testing a level above the channel—a classic retarget (retest) of the breakout. 🟩 Support/Resistance Levels (green and red lines) ✅ Support: 760.97 USDT – currently tested as support after the breakout from the channel. 739.81 USDT – local support, previous resistance. 717.89 USDT – stronger support, lower boundary of the channel. ❌ Resistance: 779.87 USDT – short-term resistance. 809.72 USDT – key resistance on the higher timeframes. 📊 Volume Volume increased during the breakout from the channel, supporting its credibility. It is currently declining slightly, which may suggest consolidation or waiting for another impulse. 🔄 Stoch RSI Oscillator (at the bottom of the chart) Currently leaving the overbought zone (>80) and heading down. Potential bearish or consolidation signal for the coming sessions. 🧠 Scenarios 1. Bullish Scenario (continuation of the breakout): If the 760.97 level holds as support, A move to 779.87 is possible, followed by a test of 809.72. 2. Bearish Scenario (false breakout): If the price falls below 760.97 and fails to stay above 739.81, A retest of 717.89 or even a return to the descending channel is possible. 📌 Conclusions Currently, the key level is 760.97 USDT – maintaining it will confirm the bulls' strength. Oscillators suggest a possible correction or consolidation. For a long position: a good place to test 760.97 with a narrow SL below 739.81. For a short position: a potential signal if 760.97 is not maintained.
by cryptodailyuk
1
ETHUSDT 4H Chart Review🔍 General Technical Context: Prior Trend: Upward (strong rally from around 3,150 USDT). Current Structure: After breaking out of the ascending channel, there was a strong decline, but is currently rebounding upward – it looks like a test of prior support as resistance. 📈 Key Horizontal Levels (Support/Resistance): Resistance: 3,794 USDT – strong resistance resulting from the prior high (green line). 3,943 USDT – high of the ascending channel. Support: 3,504 USDT – prior support, now potentially acting as resistance (red line). 3,383 USDT – July support. 3,132 USDT – strong base support, potential correction low. 📉 Technical Patterns: Broken Upward Channel (orange lines): A clear downward breakout suggests a weakening of the previous trend. Downward Trendline (purple): The current price is approaching it – a test and reaction (bounce or breakout) may occur. 📊 Stochastic RSI (oscillator at the bottom): The indicator is entering the overbought zone (>80). This may indicate an impending slowdown or correction, especially if the price encounters resistance at the purple downward trendline. 🔮 Scenarios: ✅ Bullish (if the breakout is upward): A breakout of the purple trendline and resistance at 3,794 USDT could signal further gains towards 3,943 USDT or higher. Confirmation could come from a retest of the purple line as support. ❌ Bearish (if resistance rejected): Rejection from the trendline or the 3,794 USDT zone = possible correction to 3,504 or 3,383 USDT. Break of 3,383 = potential decline to the 3,132–3,150 USDT zone. 🧭 Conclusion: The market has regained strength from the local low but is at a potentially strong resistance zone. Stochastic RSI overbought + near resistance = high risk of a near-term correction. The key will be price performance within the purple trendline and 3,794 USDT.
by cryptodailyuk
MKR/USDT 4H Chart📉 Short-term situation: The price is currently trading around 2028 USDT, after a sharp decline from around 2273 USDT (resistance). The support level around 2000 USDT is currently being tested (coinciding with the SMA 200 – blue line). A dynamic uptrend line (orange) is also visible, which could act as a key support level in the event of further declines. 🔍 Support and Resistance Levels: Resistance: 🔴 2188 USDT – recent local high and convergence with the SMA 21. 🟢 2273 USDT – major resistance; previous rebound and point of significant price reaction. Support: 🔵 1980 USDT – local support + SMA200. 🟠 Uptrend line (~1940–1960 USDT). 🔴 1832 USDT – stronger horizontal support with multiple confirmations. 🔴 1623 USDT – very strong support, from previous lows. 📊 Technical indicators: RSI (Relative Strength Index): Current value: ~42, neutral, but approaching the oversold zone (<30). The RSI is falling rapidly, suggesting selling pressure, but a reaction is possible near current support. MACD: Negative signal: signal line crossing from above + descending histogram. Indicates a continuation of the correction, but we are approaching the potential exhaustion of the downward momentum. 📈 Moving averages: EMA/SMA 50 and 200: The price is currently testing the SMA200 – crucial for the medium-term trend. SMA21 (red) and SMA50 (green) – have reversed downward, which may suggest a weakening of bullish momentum. 🔮 Scenarios: 🟢 Bullish scenario (confirmation of support): A rebound from 1980–2000 USDT and further upward movement. Potential target: first ~2180 USDT, then ~2273 USDT. The condition is a demand response at the current level + an improvement in the RSI/MACD. 🔴 Bearish scenario (breakout of support): If the 1980 USDT level is broken and the price falls below the uptrend line, a continued decline to 1832 USDT or even lower is possible. Confirmation will be a strong bearish candle with high volume and a further decline in the RSI/MACD.
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by cryptodailyuk
ETH/USDT 4H Chart📊 General Context Ethereum is rising in a strong short-term uptrend, supported by a rising trendline (orange). Current price: 3831 USDT We are approaching a significant resistance level around 3842–3850 USDT (green line). Technical support is located around 3760 USDT (previous consolidation level and 50/200 SMA). 🔍 Technical Levels Resistance: 3842–3850 USDT – local high, currently being tested. 4006 USDT – key psychological level and the last local high on the chart. Support: 3762 USDT – previous resistance, currently turned into support (may be tested in a correction). 3650 USDT – strong technical support, confirmed several times in the past. SMA50 and SMA200 – currently just below the price, also acting as dynamic support. 📈 Technical Indicators MACD: The histogram is rising and positive → bullish momentum. The MACD line crosses the signal line from below → a buy signal. RSI (14): Currently: around 64 → not yet overbought, but close to the overbought zone. Slightly rising trend, but may suggest impending market overheating with further gains. 🧭 Trend Short-term: strong uptrend (trend line, green candles, breakout from consolidation). Medium-term: higher lows and higher highs – the uptrend is maintained. The price is holding above the 50 and 200 SMAs – confirming bullish sentiment. ⚠️ What to watch next? A 4-hour candle close above 3842 USDT → confirmation of a breakout, a potential attack on 4000–4010 USDT. A break of the trend line (orange) → a possible correction to 3760 or even 3650 USDT is possible. An RSI rise above 70 → an overbought signal, a possible pullback or consolidation.
by cryptodailyuk
MKR/USDT 4H📈 Trend and price structure • The price has just been above the downward trend line (yellow line), which suggests the potential reversal of the trend to the upward. • Breaking was strong - a candle with a large growth volume and an increase +9.13%, which emphasizes the pressure of buyers. ⸻ 🔍 levels of support and resistance • resistance: • ~ 2342 USDT - a clear level of resistance (green line) - may be the target for the next upward movement. • 2246.8 USDT - first resistance to overcome. • Support: • 2111.7 USDT - level of local support after struggling (earlier resistance). • 2048.8 USDT - SMA #1 (red medium), can be support at the back. • 1945.5 USDT - strong support in the form of long -term SMA (blue line, SMA #5). ⸻ 📊 Technical indicators ✅ MacD (below) • The MacD line cut the signal line up - buy signal. • The histogram is growing, which confirms the growth moment. ✅ RSI • RSI has bounced from level 40 and is currently above 60 - it suggests upward momentum, but it is not yet purchased, so there may be room for further growth. ⸻ ✅ Medium walking (SMAS) • The price was pierced by SMA #1 (red) and SMA #2 (green) with impetus, which means a change in sentiment. • If it stays above these medium - a bull signal. • SMA 50 (green)> SMA 200 (blue) = potentially a golden cross is formed on a longer TF. ⸻ 📌 Summary - technical scenario: 🐂 Bycza scenario: • If the price lasts above 2111.7 USDT, it may continue to increase to USDTt and further up to $ 2,342. • Confirmation will be the continuation of growth on MacD and RSI over 60-70. 🐻 Bear scenario (threats): • If the price drops below 2048 USDT, possible correction up to 1945 USDT. • RSI returning below 50 and Macd Cross down would be a reversal signal.
M
by cryptodailyuk
SOLUSDT 1H Short-Term🔍 Technical Structure: Short-Term Trend: SOL is currently in an uptrend, with local higher lows. This is evident from the orange uptrend line, which has been tested multiple times. Local Resistance: 205.14 USDT – yellow line – a resistance level that the price has touched several times but failed to break (this could be a double-top formation). Local Support: 198.48 USDT – the price is currently testing this level as support. 194.36 USDT – lower, more crucial support (stronger upon a trend breakout). 187.74 USDT – important support that would be tested in the event of a larger breakout. 📉 Oscillator – Stoch RSI: The Stoch RSI is currently in oversold territory (below 20), suggesting the possibility of a local rebound. However, there has been no upward crossover yet, so there is no strong buy signal. 🔊 Volume: We are observing a decrease in volume during the current correction, suggesting that the declines are relatively weak – there is no strong supply impulse. 🧠 Short-term scenarios: ✅ Bullish scenario: Price is rebounding from the trend line (orange) and the 198.48 USDT level. A break of the 205.14 USDT resistance could open the way to: 209.37 USDT 216.02 USDT (next target) ❌ Bearish scenario: A break of the trend line and the 198.48 USDT level with the 1-hour candle closing below. Possible decline to: 194.36 USDT (first support) and further to 187.74 USDT if selling pressure increases.
by cryptodailyuk
1
LINK/USDT 4H Chart📉 Indicators and Market Structure: 🔶 Trend: Current trend: up, as long as it remains above the trend line and the 19.14 USDT level. Local resistance: 20.28 USDT (recent high). Next resistances: 20.99 USDT and 22.13 USDT (green lines). Supports: 19.14 USDT, 18.44 USDT, 17.29 USDT (red lines). 🔷 Stochastic RSI (lower indicator): Located in the oversold zone (below 20) and starting to reverse upward. Potential signal of buying pressure if the %K and %D lines cross bullishly. 🧠 Scenarios: ✅ Bullish scenario (trend continuation): Bounce from the trend line and the 19.14 level → breakout of 20.28 → test of 20.99–22.13. Confirmation will be a clear bullish candle with high volume and a Stochastic RSI cross up. ❌ Bearish scenario (trend break): Closing below the trend line and the 19.14 level → correction towards 18.44, and then even to 17.29. An oversold RSI could support continued declines if a rebound does not occur. 📌 Summary: Currently, the key level is the trend line and support at 19.14 USDT. The market is waiting for a reaction – a rebound or a downward breakout. Stochastic RSI suggests a possible rebound, but candlestick confirmation is needed.
by cryptodailyuk
1
BTC/USD Short-Term🔷 Pattern: Symmetrical Triangle (Consolidation) The price is inside the triangle formation (orange lines) and is approaching its completion. An impending breakout (up or down) is highly probable within the next few hours. 📉 Support Levels (red lines): 117.210 – local horizontal support. 116.324 – 115.050 – strong demand zone (potential target in the event of a downward breakout). 📈 Resistance Levels (green lines): 118.900 – 119.700 – local resistance zone. 121.011 – 121.813 – higher target in the event of an upward breakout from the triangle. 📊 Technical indicators: ✅ RSI (Relative Strength Index): Currently: 69.05 – close to overbought levels, but not yet at an extreme. Potential for a short-term pullback unless a strong breakout occurs. ✅ MACD: Signal lines are tightly intertwined, histogram flat → no dominant momentum. Waiting for a breakout signal (bullish or bearish crossover). ✅ SMA: Price currently below the 50 and 200 SMA for 1 hour → slight downward momentum. The 50-SMA (red) is turning down, which may signal a continuation of the sideways or downward trend. 📌 Short-term conclusions (1–6 hours): Scenario 1: Bullish breakout: Confirmation: H1 candle close above 118,900. Targets: 119,700 and potentially 121,000–121,800. Scenario 2: Bearish breakout: Confirmation: H1 candle close below 117,200. Targets: 116,300, then 115,000–115,300. 📍 Watch for: Breakout of the triangle boundaries with volume. RSI behavior relative to the 70 level. MACD crossover and histogram.
COINBASE:BTCUSD
by cryptodailyuk
BTC daily, and 4 hr. Bullish Patterns Stack Up!Looking at the Daily and 4-hour charts for BTC, we can see multiple bullish formations unfolding. An inverse head and shoulders - daily A cup and handle - daily An ascending triangle - daily Price action looks strong, as we’ve begun the breakout from the neckline on the inverse H&S, as well as the cup and handle and ascending triangle simultaneously, and momentum is building fast. Also, on the 4-hour chart, there’s a pretty substantial bull pennant taking shape. A breakout here could be the next leg up, and the push needed to keep momentum alive. Zooming out, when we apply the trend-based Fibonacci extension, it reveals a $131,000 golden pocket, on both the the daily as well as the 4 hr. And that could be a major upside target if these bullish structures hold. Stay tuned to see if BTC continues its move and sets a new all-time high.
Long
by UnknownUnicorn18924538
ETH/USDT 4H Chart✅ Market Trend and Structure: Uptrend: The highlighted orange trend line shows continuous growth since mid-April. The price is trading above the 50- and 200-period moving averages (EMA and SMA), confirming bullish sentiment. Current price: around 3556 USDT – very close to local highs. Resistance break in the 3200–3300 USDT area, which now acts as support. 📈 Technical Levels: Resistance (red horizontal lines): 3600–3650 USDT – local resistance resulting from market reaction. 3888 USDT – next historical resistance level. 4133 USDT – established long-term target (green dashed line at the top). Support: 3300 USDT – strong support after a previous breakout. 3080 USDT – previous high, now the next support level. 3070 / 2900 USDT – key technical support levels in the event of a larger correction. 📊 Indicators: MACD: The MACD is in a strongly bullish zone, but: The histogram is flattening. A bearish crossover pattern is possible in the following candles – a signal of weakening momentum. RSI: RSI ~74 – is in the overbought zone, which often heralds a correction or at least consolidation. A value above 70 confirms the bullish trend but may suggest that momentum is overheated. 📌 Conclusions and Scenarios: 🔼 Upside Scenario (trend continuation): If the price remains above 3300–3350 USDT, it could move towards 3888, and then 4133 USDT. A break above 3650 USDT on heavy volume will be a strong continuation signal. 🔽 Corrective scenario (short-term pullback): The RSI and MACD suggest a possible correction. Potential pullback to: 3300 USDT (retest of previous resistance as support). SMA 200 (~2600 USDT) with a deeper downward move.
by cryptodailyuk
1
ETCUSDT 4H📊 Price: Currently around 20.05 USDT ⸻ 🔶 Technical formation: • Ascending channel - clearly marked with two orange trend lines. • The price is currently testing the upper edge of the channel - it is possible to break or correction. ⸻ 📉 Support and resistance: • ✅ Support: • 19.73 (local, on the closure of the candles) • 19.51 (technical, tested several times) • 18.94 (stronger, historical) • 🚫 resistance: • 20.31 - the closest local resistance • 20.91 - key level • 21.34 - strong resistance from higher intervals ⸻ 🔄 oscillators: • STOCHASTIC RSI - in the inheritance phase (descent from buying), possible local decline / correction. • RSI (14) - approx. 60, slightly positive trend, but without exaggeration - no purchase, place for further increases. 📌 Fast strategy: • 🟢 Long: After breaking and Retescia 20.31 → TP 20.91 / 21.34 • 🔴 Short: after rejection 20.31 or the upper line of the channel → TP 19.73 / 19.51 • 📉 SL: In both cases, it is best 0.3–0.4% above the last high/low
by cryptodailyuk
XRP 1D Chart Review📊 Support and Resistance Levels: 🔼 Resistance: $2.95 - $3.02 – currently being tested, a local resistance zone. Price slightly rejected. $3.40 – another strong resistance level from the previous high (visible on the left side of the chart). 🔽 Support: $2.75 – the closest, recently broken support level. $2.58 – another local support level. $2.28–$2.30 – a very strong support zone that has been tested multiple times. 📈 Pattern and Momentum: A breakout from a wedge-shaped downtrend with very high volume and long bullish candles indicates strong demand. We are currently observing a correction/rejection at $3.02 – a possible short-term pullback. 🔄 Oscillator – Stochastic RSI: The Stochastic RSI oscillator is in the overbought zone (near 100) – indicating possible consolidation or correction. The curves are starting to curve downwards – a potential signal for a slight correction in the coming days. 🧠 Scenarios: ✅ Bullish (continued growth): If the $2.95–$3.02 level is broken strongly and confirmed (e.g., by a daily candlestick closing above it), the target will be $3.40. In this case, a quick rally to $3.40 is possible without major obstacles. ⚠️ Bearish (correction): If the $3.02 zone holds as resistance, the price could retrace to $2.75 (the first local support). If downward pressure persists, $2.58 could be tested. 📌 Summary: XRP is in a strong uptrend after breaking out of long-term resistance. In the short term, overbought prices on the Stoch RSI could trigger a correction to $2.75. Key resistance: $3.02 – breaking it could signal further gains towards $3.40. It's worth monitoring price reaction in this zone and candlestick confirmation.
by cryptodailyuk
1
BTC/USD 1H ShortTerm🔍 Trend: The short-term uptrend remains in effect, supported by the orange trendline. The price has tested dynamic support but has not yet broken it. 🟥 Supports (Important Levels): 🔻 1. 119.550 Key support. The price is currently testing it. Holding = potential upside rebound. Breaking = greater downside risk. 🔻 2. 117.260–118.040 USD Clear demand zone (reinforced by prior consolidation). If the price breaks below current support, this is the next logical stopping point. 🔻 3. 115.237–115.500 USD Strong weekly support – very important in the event of a stronger correction. Historically, it has responded many times. 🟩 Resistance: 🔼 1. USD 121.673 The nearest local resistance – this could pose a problem for further growth. 🔼 2. USD 123.961 The last local high. Breaking it confirms the continuation of the uptrend. 🔼 3. USD 125.785 The next resistance – a potential target after a breakout to the upside. 📈 Technical Indicators: RSI (classic): Still below 50, but starting to reverse slightly upward – neutral with a slight potential for a rebound. Stochastic RSI: Gives a long signal – the lines have crossed in the oversold zone and are pointing upward. 📊 Scenarios: 🟢 Bullish: Maintaining the current support zone (119.5–120k). Breakout above 121.673 → target: 123.961. Breakout of 123.961 = trend confirmation and target: 125.8k+ 🔴 Bearish: Break of the trend line and support at 119.550 → possible quick decline to 117.2k–118k. If this doesn't hold, target: 115.2k ✅ Summary: Decisive moment – tested trend line + support = rebound or breakout point. The Stochastic RSI indicates a potential upside breakout, but the RSI needs confirmation. Careful monitoring of volume and reaction to 120k in the coming hours.
COINBASE:BTCUSD
by cryptodailyuk
1
BTC/USD 1H chart short-term🔻 Trend: • Currently visible inheritance channel - confirmed by the yellow inheritance trend (decreasing peaks). • The price tests resistance in the area 117.564 - possible to break out, but requires confirmation of the volume. ⸻ 📊 levels of support and resistance: • resistance: • 117,564 (here we are now - resistance test) • 117,939 • 118,206 (key level - potential breaking from the channel) • Support: • 117,205 - a recent hole, valid short -term • 116,905 • 116,680 - deeper support, possible target with further decline ⸻ 📉 Macd: • The histogram begins to decrease, but the MacD line and the signal line still below zero → still weakness. • Possibility to build a base for reversing the trend, but there is no clear signal intersection. ⸻ 📉 RSI (Relative Strength Index): • RSI below 50, but it starts to reflect slightly. • MA RSI is still falling → no strong growth dynamics. ⸻ 🔍 Applications: • The downward trend still dominates, but the price is trying to pierce local resistance (117.564). • If it breaks above 117,939–118,206 and persists, a possible change in the direction at a short interval. • If he rejects the resistance - a quick descend to 117.205 or lower (116,900-116,680). ⸻ ⚠️ Signals for observation: • Closing the candle 1h above 118.206 - Bullly Breakout. • Rejection of level 117.564 and descent below 117,200 - confirmation of further decline. • MacD and RSI - 50 - potential change of direction.
COINBASE:BTCUSD
by cryptodailyuk
MKR/USDT 4H Chart🔍 1. Technical Pattern: The chart shows a descending wedge (orange lines) that has broken out upward. The breakout occurred on increasing volume (a signal of bullish strength). The price is currently trading above a resistance line, which is now acting as support (~1980 USDT). 📊 2. Support and Resistance Levels: Support (red lines): 1903 USDT – local consolidation support. 1801 USDT – strong support at the previous bottom. 1727 and 1632 USDT – fallback zones in case of strong declines. Resistance (green and blue lines): 2120 USDT – first target after the breakout. 2168 USDT – another strong resistance from the previous consolidation. 2312 USDT – high resistance, potential target if the uptrend continues. 📈 3. Indicators: 🔹 Stochastic RSI: Close to the overbought zone, but not yet giving a sell signal. A short consolidation or correction may occur in the coming hours. 🔹 MACD: The MACD line is above the signal and the histogram is still rising – a buy signal. No signs of weakening momentum. 🔹 RSI: The RSI is rising, but not yet in the overbought zone (>70). Shows the strength of the trend, but there is room for further upward movement. 🧠 Summary and scenarios: ✅ Bullish scenario: If the price remains above 1980 USDT, the next targets are: 2120 USDT 2168 USDT Potentially 2312 USDT with continued demand ⚠️ Bearish scenario (less likely at this time): If the price returns below 1980 USDT and does not regain this level: Possible return to 1903 or lower (1801 USDT).
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by cryptodailyuk
LINK/USDT (Chainlink to Tether) from the 4H interval⚡️ Technical situation – quick overview ✅ Breakout from the descending channel (purple lines) ✅ Resistance zone 14.42 – currently being tested ✅ Target within the breakout range – around 17.73 USDT ⚠️ Stochastic RSI in the overbought zone – local correction possible 🟪 Descending channel – broken! The descending channel that has been in place since mid-May has been broken upwards. Such breakouts often signal a change in the local trend. Theoretical range of movement = channel height (~3.30 USDT) added to the breakout point (around 14.42) = ~17.73 USDT – perfectly aligned with your resistance level. 🟢 Key Resistance Levels (green): Level Meaning 14.42 USDT Current tested resistance – psychologically significant 15.65 USDT Local high + June price gap 17.73 USDT Potential target after a breakout – range from the formation 🔴 Support Levels (red): Level Meaning 12.73 USDT Support from the pre-breakout consolidation 11.91 USDT Key defensive level of the uptrend 11.07 / 10.12 USDT Historical support with strong demand reactions 📉 Stochastic RSI (oscillator): Currently deep in the overbought zone (above 80). This may indicate local exhaustion of momentum and a short correction before further upward movement. However: in strong trends, the RSI may remain high for an extended period – it does not automatically provide a sell signal. 📈 Bullish scenario: Retest of the 14.42 level as support → confirmation of the breakout Then a move towards: 15.65 – local stop 17.73 – final target from the channel breakout 🟩 Stop-loss: e.g., below 12.73 USDT (loss of key support) 📉 Bearish scenario: False breakout and decline below 14.42 Loss of the 12.73 level → possible quick decline to 11.91–11.07 🔴 In this case, a new swing low could open the way to 10.12 USDT. 📌 Summary: Element Rating Technical Pattern ✅ Breakout from a descending channel (bullish signal) Current Level ❗ Test of Key Resistance – Decision Point RSI (Momentum) ⚠️ Overbought – Correction Possible Upside Potential (Target) 📈 17.73 USDT Threat ❌ False breakout and return to below 12.73 USDT 🧠 My suggestion (not investment advice): Observe the price reaction at 14.42 – if it holds above and consolidation forms → a signal to continue. If the 4H/1D candle closes below, consider caution, as this could be a bull trap.
by cryptodailyuk
ETH/USDT 1W Chart📊 Trend structure (Price Action) Downtrend (historical): A series of Lower Highs (LH) and Lower Lows (LL) — a classic downtrend. Confirmed by the orange downtrend line. A change in structure — a possible beginning of an uptrend: A Higher Low (HL) has recently been formed after a Lower Low (LL). Suggests a possible end to the downtrend and an attempt to break out upwards. Currently: The price is testing the upper downtrend line. A breakout above the orange line may confirm a trend change. 🟢 Key Resistance Levels (Green Lines): Level Meaning 3.058 USDT Potential target after a breakout from consolidation 2.767 USDT Nearest strong resistance - currently being tested 3.427 USDT Deep resistance level from the previous high (HH) 🔴 Key Support Levels (Red Lines): Level Meaning 2.234 USDT Nearest support - previous breakout 1.883 USDT Early 2023 support 1.507 USDT Local bottom 1.204 USDT Historical support - LL extreme 📉 Stochastic RSI (Momentum Indicator): Currently in the overbought zone. This may suggest a short-term correction before an actual breakout. However, in a strong uptrend, the indicator may "hang out" in the overbought zone for a long time. 📈 Potential scenario: If the breakout above 2.767 and the orange trendline holds: A possible move to 3.058 USDT as the first target. Extended target: 3.427 USDT (HH). If the breakout fails: Correction to 2.234 USDT or lower. There is a risk of returning to a downtrend. ✅ Bullish signals: Higher Low (HL) formation after Lower Low (LL). Testing the upper downtrend line with an attempt to breakout. Volume is increasing (based on candles). ⚠️ Bearish threats: Stochastic RSI in the overbought zone. Breakout not confirmed by 100% (needs a weekly closing candle above 2.767). Resistance at 3,058 could halt the move. 📌 Conclusion: Ethereum (ETH) could be on the cusp of a new uptrend, but a breakout above 2,767 USDT is needed for confirmation. If it does, a move to 3,058 and then 3,427 is possible. However, the current overbought level on the Stochastic RSI could signal a short-term correction before the trend gains strength.
by cryptodailyuk