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Trendanalyse

BTC new ATH and CorrectionHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price dynamically moved lower from the local upward trend line. Let's start by determining the support and as you can see, the price is in the support zone from $62,971 to $61,218, and may continue to stay around $58,999. Looking the other way, you can see resistance at the level of $64,493, then the second one at $66,360, and then a very strong resistance zone from $67,691 to $69,349, where the price described the new ATH. Looking at the RSI indicator, you can see a local downward trend line, with room for a larger correction, while on the STOCH indicator we are approaching the lower limit but a possible downward movement is still visible.
by cryptodailyuk
Will ETH enter 4 waves?On ETH, we can see that the price has entered a very strong resistance zone, which could potentially mark the final move of wave 3, and then it would be worth seeing a downward move as waves 4. We have set a possible recovery level around $3,000, but it is likely that the price will return to the zone marked below, which would result in a drop of around 30%, similar to the previous recovery. The indicators also show movements exceeding the upper limit, which may additionally confirm the upcoming move to the 4th wave.
Short
by cryptodailyuk
BTC for wave 4 and only then move to wave 5?As you can see, BTC has entered a very strong resistance zone, the current upward movement looks like waves 3, which could indicate a potential rebound in waves 4 and only then an upward movement in waves 5. Overheating of the indicators is also visible on the RSI and STOCH indicators, which should translate into a healthy recovery. It is worth remembering BTC cycles in which, before the previous Halving, we could observe rebounds of 20-30%.
Long
by cryptodailyuk
MATIC - will there be further increases?Altcoins with small capitalization (young/new) have already made huge increases in the bull market, and what about altcoins with larger capitalization? The boom doesn't apply to them? I present to you possible growth scenarios with potential key places for continued growth. The first scenario assumes increases after repeating the 1:1 black correction, i.e. wave 2 as wave 4. The condition is that the price will rise above 1.54usdt. The second scenario is a flat ABC correction, where the condition is that the price increases to the red zone without breaking the top of wave 1 and falls to the green zone as wave C, ending the correction, after which I assume increases. Regards.
M
by cryptodailyuk
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ETH Is it time for a correction?Hello everyone, let's take a look at the ETH to USDT chart on a four-hour time frame. As you can see, the price dynamically moved upwards from the downward trend line. After unfolding the Fib Retracement saitka, you can see how the price approached the very strong resistance level of $3,623, but it was rejected. Looking the other way, you can see support at $2,980, and then a second strong support at $2,669. Looking at the RSI indicator, we can see a return to the downward trend with room for correction, similarly, the STOCH indicator shows room for a greater recovery.
by cryptodailyuk
1
BTC/USDT 4HInterval Review ChartHello everyone, I invite you to check the current situation on BTC in pair with USDT, taking into account the four-hour interval. First, using the yellow line, we will determine a strong upward trend line above which the price is making dynamic upward movements. Looking at the current situation and the huge pre-halving increases, which are currently much larger than in previous booms, however, we have not seen BTC ETFs and such great interest from institutions before. In this situation, we will unfold the Trend Based Fib Extension grid, thanks to which we can mark a very strong resistance zone from $61,896 to $64,953, which temporarily stopped the BTC price from further increases. However, when the price breaks out of this zone, we can see a dynamic increase, quickly passing the last ATH, to the level of $74,000. Looking the other way, it is worth defining supports in a similar way, because in each cycle in the pre-halving period, we could see a correction of several or even several dozen percent. And here you can see a significant support zone from $60,113 to $57,704, then it is worth keeping in mind the area of $53,639, in a situation of such dynamic declines, we could see the price return even to around $47,000. As we can see on the RSI indicator, we are well above the upper limit, at which the price often reversed, the situation is similar on the STOCH indicator, which remains near the upper limit.
by cryptodailyuk
LTC/USDT 1DInterval Chart ReviewI invite you to review the LTC chart on a one-day interval. Let's start by defining the upward trend channel with the yellow lines, from which the price broke out at the bottom, but here we did not see a dynamic correction, only a movement under the lower edge of the channel. Let's start by marking support points for the price and we can see that first of all we have strong support which currently holds the price at $69, but if the price drops lower, we have another strong support at $56, and then we can see that the price has more room for a drop to around $40, which is unlikely. 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 at the level of $76, then we can see a strong move to around $98, and then we can see the resistance at the level of $114, which previously effectively rejected the upward movement. On the RSI indicator, we can determine the downward trend line from which we moved upwards from the moesijce to a potential upward movement, while on the STOCH indicator, the upward movement ended with a dynamic recovery, which again gives room for growth.
by cryptodailyuk
WHAT IS THE NEXT MOVE FOR EURUSD CURRENCY PAIR? READ THE CAPTIONFundamentally, the euro has been under pressure due to concerns about economic growth in the Eurozone. Recent data releases, including disappointing PMI figures and sluggish GDP growth, have raised worries about the region's recovery from the pandemic-induced recession. Moreover, uncertainty surrounding the geopolitical situation in Eastern Europe has added to investor caution, leading to a flight from euro-denominated assets. In contrast, the US dollar has found support from strong economic data releases, particularly in the labor market and consumer spending sectors. Robust employment figures, coupled with rising inflationary pressures, have fueled expectations of tighter monetary policy from the Federal Reserve. The anticipation of interest rate hikes has strengthened the dollar against its major counterparts, including the euro. Looking ahead, market participants will closely monitor economic indicators from both the Eurozone and the United States for further insight into the economic recovery trajectories. Key data releases, such as inflation figures, GDP growth rates, and central bank communications, will likely drive movements in the EUR/USD pair in the coming weeks. Additionally, geopolitical developments, particularly those related to tensions in Eastern Europe, could introduce volatility and impact investor sentiment towards the euro. Overall, the fundamental backdrop suggests a bearish bias for EUR/USD, with economic divergence between the Eurozone and the United States likely to persist in the near term. --- Please like comment and follow thanks for support.
Short
by Forex_Haleh_signals_professor
XRP/USDT 1DInterval ChartI invite you to review the chart of XRP in pair with USDT, on a one-day time frame. Let's start by identifying the main upward trend in which the price is moving. However, since the last bull market, it is clear that we managed to come out on top from the downward trend line, and currently we are moving in a triangle and we can see here the fight against the upper limit and that we are getting closer to leaving the triangle. Looking at a possible exit from the triangle upwards, we will use the Fib Retracement tool, thanks to which we can see a very important resistance at the level of $0.93, from which the price bounced during the last upward movement, then we may have an upward movement to the level of $1.33. Looking the other way, we see that the price has remained at the support level of $0.53, but if the price goes below the indicated support, the next support is at $0.42, and the third support is at $0.29. When we turn on EMA Cross 50 and 200, we can see a downward trend, but there is a visible movement of the yellow line EMA Cross 50, which begins to reverse, which may give an upward trend again. The RSI indicator shows that there is still room for continued growth, while the STOCH indicator shows a movement that is approaching the upper limit, and when it exceeds it, it is worth being cautious in case of a correction.
by cryptodailyuk
Technical Analysis of Gold (XAU/USD) Read Caption. Introduct ion: Gold (XAU/USD) has recently exhibited a notable pattern on the H4 timeframe, signaling a potential trading opportunity. 📉 A double top formation has emerged, suggesting a shift in market sentiment and a possible trend reversal. This analysis will delve into the implications of this pattern and identify potential trading levels for short-selling opportunities. 💼📉 Analysis: The H4 candlestick chart for Gold (XAU/USD) reveals a clear double top formation, a classic bearish reversal pattern. 📈 This formation consists of two consecutive peaks at approximately the same price level, separated by a trough. Such patterns often indicate exhaustion of bullish momentum and a subsequent reversal in prices. As of the latest market data, Gold is trading within the range of 2033 to 2035. 📊 This presents an opportune moment for traders to consider short-selling positions. The confirmation of the double top pattern suggests a shift in momentum from bullish to bearish, aligning with the principles of technical analysis. 📉💰 Potential Trade Setup: Considering the bearish sentiment indicated by the double top formation, traders may seek short-selling opportunities targeting key support levels. Initial targets for short positions lie within the range of 2023 to 2018, reflecting potential downside momentum in the market. 📉🎯 Risk Management: As with any trading strategy, prudent risk management is essential. Traders should implement appropriate risk mitigation techniques, including setting stop-loss orders and managing position sizes according to their risk tolerance. ⚠️🛡️ Conclusion: In conclusion, the emergence of a double top pattern on the H4 timeframe for Gold (XAU/USD) suggests a favorable environment for short-selling opportunities. Traders may consider initiating short positions within the current trading range, targeting downside levels around 2023 to 2018. However, it is imperative to adhere to sound risk management practices to safeguard against adverse market movements. 📉🔒 Disclaimer: This analysis is for educational purposes only and should not be construed as financial advice. Traders should conduct their own research and consider their individual risk tolerance before making any trading decisions. 📚🔍
OANDA:XAUUSDShort
by Forex_Haleh_signals_professor
ETH/USDT 1HInterval ChartHello 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 uptrend line. After unfolding the trend based fib extension tool, resistance is visible at $3,300, and further at $3,358. Looking the other way, you can see support that kept the price at $3,226, and further visible at $3,187. The RSI indicator shows room for a greater recovery, but the STOCH indicator approached the lower limit, which may result in another price increase.
by cryptodailyuk
1
MATIC/USDT 4HInterval ChartThe last one in today's list is the MATIC chart in the USDT pair, like its predecessor on a four-hour interval. First, we will use blue lines to mark the upward trend channel in which we could observe an attempt to break the price down, but as it turned out, it was a false break after which the price returned to the channel and started dynamic growth, creating an upward trend line along which moves. Moving on, we can move on to marking the resistance points. And here, as the first one, we have a strong resistance zone from $1.01 to $1.09, which is the place of the last price hill, and the current place of struggle, when the price breaks out of this zone, it may result in a quick move towards the resistance at $1.34. Looking the other way, we will determine support areas and here we can determine the first support at $0.93, then the second support at $0.83, and then the third at $0.77. After turning on the EMA Cross 10 and 30 indicator, we can see how they continue to indicate that the current uptrend is continuing. Please look at the RSI indicator, because despite the increases, there is room for a potential further upward movement, while when you look at the STOCH indicator, you can see a movement above the upper limit, which often leads to a reduction in growth or a correction.
M
by cryptodailyuk
ETH/USDT 1HInterval Chart ReviewHello everyone, I invite you to a quick review of the ETH pair to USDT chart, on a one-hour interval. First of all, we can mark the upward trend channel with the blue lines, from which we could observe the price moving upwards, and what is more, we can see here how the increase after leaving the channel is close to the height of the marked upward trend channel. Now let's move on to marking the resistance points. For this purpose, we will use the trend based fib extension tool and we can see that the ETH price is approaching the golden fib point at $3,180, while the next important resistance level is $3,268. Looking the other way, we can similarly mark the places where the price should encounter support when the price starts to turn around. And here we can see the first support at the level of $3,128, but further we can have a quick return to the channel around the price of $3,008. On the RSI indicator, it is worth determining the downward trend line at which we are currently located, in addition, the STOCH indicator shows a movement above the upper limit, which may also translate into a rebound in the coming hours.
by cryptodailyuk
1
BTC comes out on top from the sideways trend channel!Hello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we use blue lines to mark the side trend channel in which we have been moving for a long time, and you can see how the price is currently leaving the channel at the top, often a positive exit from the channel and testing it gives an increase close to the height of the channel. As you can see, inside the channel, the price has surpassed the local downtrend line. Looking at the current increase and the attempt to exit the channel at the top, we will unfold a Fib Retracement grid, thanks to which we can determine a strong resistance zone from $52,463 to $52,999, with which the price is currently fighting to exit at the top, if the price goes up and positively tests the upper zone of the channel and resistance zone, we can see an increase to around $54,494. Looking the other way, we will unfold the screen again and mark the first significant support at $51,873, while we still have a strong support zone from $50,994 to $50,522, at the lower border of the channel that strongly maintained the price. Please look at the RSI indicator, where we are approaching the upper limit, but with room for further dynamic growth, while the STOCH indicator shows a movement above the upper limit, which may nevertheless trigger a price correction in order for the indicators to recover.
by cryptodailyuk
ETH/USDT 1HInterval Chart 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 along a local upward trend line. After unfolding the Fib Retracement grid, there is a very strong resistance at the level of $3,120, which stopped the increase, but the level of $3,252 will remain important. Looking the other way, you can see support at $3,038, and then support at $2,906. The RSI indicator and the STOCH indicator show a movement at the upper limit, which stops the growth and may result in a price recovery.
by cryptodailyuk
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