Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving in the uptrend channel.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 22,345, if the support breaks down, the next support is $ 22,034, $ 21,798 and $ 21,494.
Now let's move from the resistance line as you can see the first resistance is $ 22,925, if you can break it the next resistance will be $ 23,539 and $ 24,250.
Looking at the CHOP indicator, we can see that in the 4-hour interval most of the energy has been used, and the MACD indicator shows that we are in a local uptrend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 22,345, if the support breaks down, the next support is $ 22,034, $ 21,798 and $ 21,494.
Now let's move from the resistance line as you can see the first resistance is $ 22,925, if you can break it the next resistance will be $ 23,539 and $ 24,250.
Looking at the CHOP indicator, we can see that in the 4-hour interval most of the energy has been used, and the MACD indicator shows that we are in a local uptrend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.