RESISTANCE

RESISTANCE is an area or it could also be a line where the area can bounce the price back from previously moving up/bull to moving down/bear

and the following image is an example of taking a resistance area on the chart

#Binance

SUPPORT

what is support?

SUPPORT is an area or it could also be a line0 where the area/line is located. Movement that was previously down has a tendency to bounce back up.

The image below is an example of applying support to a chart
#Binance #suport

$ADA

ADAUSDT

Judging from the daily timeframe, Cardano (ada) is forming a triangle pattern.

If the bottom line breaks, Cardano has the opportunity to move towards its closest support at 0.387 USDT.

If the top line breaks, Cardano has the opportunity to strengthen towards resistance at 0.668 USDT

#Binance #CardanoEcoSystem #ADAUSDT #bitcoin #Ethereum

CAKEUSDT has the opportunity to continue strengthening towards resistance and the 0.5 Fib at a price of 3.5 USDT, with the nearest support area at a price of 2.4 USDT

#Binance #cake #Web3 #bitcoin #Ethereum

$CAKE

Binance Coin or what is better known as BNB, is in a sideways phase and is near its resistance area.

If it succeeds in breaking out the resistance, bnb has the opportunity to reach a price of 800 USD, but if it fails to break out, it is likely that bnb will go to its closest support at a price of 450 USD.

#Binance #BTC #Web3 #Ethereum #bitcoin $BNB

Ethereum has the potential to reach a price of 5500 USD

If you look at the weekly timeframe, Ethereum is in its uptrend channel and moving above the 200 ma

The nearest support is at 2820 and the nearest resistance is at 4095

#Binance #Ethereum #CZ #Web3 #BTC

strkusd

after breaking out the falling wedge pattern strkusd has the potential to undergo a correction to the price of 1.1 - 1.2

The closest support for STRKUSD is at 1.02, and if it manages to stay above STRK support there is a possibility that it will strengthen again towards the resistance at 1.8.

had strengthened to a price of 71600, bitcoin finally experienced rejection in the trendline and resistance area.

and now bitcoin is in the demand area with strong support at a price of 60775 ..

If it is able to survive in the demand area, it is likely that Bitcoin will continue to strengthen again

#Binance #BTC #bitcoin #CZ