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Downtrend

XRP/USDT 4HInterval check the current situationI invite you to review the XRP chart in pair to USDT, also on a one-day interval. First, we will use the purple lines to mark the downtrend channel in which the price is currently moving. Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $0.45, the second support is at $0.43, the third support is at $0.41, and then the fourth support is at $0.39. Looking the other way, we see that the price has reached the first resistance at $ 0.48, which so far has no strength to break. However, if it manages to break out above, the second resistance is at $0.51, the third at $0.53, and then the fourth at $0.55. At this point, it is worth looking at the EMA Cross 10 and 30, which indicate that we are on the verge of returning to an uptrend. The CHOP index indicates that most of the energy has been used, the MACD indicates that we are moving in a local uptrend, while the RSI has a return to the upper part of the range, which may give a moment of recovery before further growth.
by cryptodailyuk
BTC/USDT Review 4H !Hello everyone, I invite you to review the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will mark the local downtrend line with the yellow line, and as you can see, the price has definitely moved back above it. Now we can move on to marking the support spots in case of a return to the downtrend. And here, in the first place, it is worth marking support at $29082, but when we go lower, we have second support at HKEX:28 ,489, third at HKEX:27 ,991, and then fourth at HKEX:27 ,504. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. Here we see that the first significant support is at HKEX:30 ,512, then at HKEX:31 ,475, once it is broken, we can see a strong increase to around HKEX:34 ,271. At this point, however, it is worth mentioning that the price is fighting to maintain the level of 0.618Fib Retracement, moreover, we can observe a phenomenon between the chart and the RSI indicator, which often ends up returning to the previously conducted downtrend. As we can see on the chart, the price is lower and the RSI indicator is higher, such a pattern often turns into a price reversal. However, the movement is not over yet and you should watch if the price will break out above the marked spot. Please pay attention to the CHOP index which indicates that the energy has been heavily used and here it is necessary to observe whether it is enough for a further price increase, the MACD indicator confirms the local upward trend.
COINBASE:BTCUSD
by cryptodailyuk
3
Apple easing back from its one-year downtrendI suspect that we are seeing some profit taking in this market ahead of its one-year downtrend. Near term uptrend supports are 165.00 and about 160 but the key support is going to be the 157.38/74 band - the October 2022 high and the February 2023 peak, also found here is the 23.6% retracement of the move higher seen this year. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
NASDAQ:AAPL
by The_STA
Is this the top for Bitcoin?One of the top reasons why i am turning bearish and puting my 46k level on hold is because bears have turned bullish after we broke every target that they set. We also have volume decrising on the every push up which is the indication that the buying pressure is slowing down. On the weekly timeframe we have a ascending channel that we just touched so rejection should come. However on the 4 hourly timeframe we have ascendig channel and i expect a move up until we reach 31.2k where i am going to short, of course with the proper stop loss because we are still in abullish trend. What do you are we going to get rejeted from the weekly channel. Feel free to leave a comment. If you like my ideas please follow me and like the post because you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. Thanks for wathing. BTC TO THE MOON!!!
Short
by Mladen94