Hello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price moves in the uptrend channel marked with blue lines.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 37,960, if the support breaks down, the next one is $ 36,394 and $ 35,164.
Now let's move from the resistance line as you can see the first resistance is $ 40,233, if you can break it the next resistance will be $ 41,799 and $ 43,029.
Looking at the CHOP indicator, we can see that in the 1-day interval we have a lot of energy, which may result in more traffic in the coming days. On the MACD indicator, we can see that the blue line is close to the cross of the red line from below, which would confirm an uptrend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 37,960, if the support breaks down, the next one is $ 36,394 and $ 35,164.
Now let's move from the resistance line as you can see the first resistance is $ 40,233, if you can break it the next resistance will be $ 41,799 and $ 43,029.
Looking at the CHOP indicator, we can see that in the 1-day interval we have a lot of energy, which may result in more traffic in the coming days. On the MACD indicator, we can see that the blue line is close to the cross of the red line from below, which would confirm an uptrend.
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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.
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.