Hello everyone, let's take a look at the BTC to USDT chart on a 1 day timeframe. As you can see, the price is moving above the uptrend line, but it has already relied on it once.
Let's start with the designation of the support line, and as you can see, we first have a support zone from $ 31,251 to $ 28,798, which currently has the BTC price, if the support breaks, the next one is $ 22,513.
Now let's move from the resistance line as you can see the first resistance is $ 38,498, if you can break it the next resistance will be $ 44,418 and $ 48,859.
Looking at the CHOP indicator, we can see that the energy has been used in the 1-day interval, which could give us moments of breath.
Let's start with the designation of the support line, and as you can see, we first have a support zone from $ 31,251 to $ 28,798, which currently has the BTC price, if the support breaks, the next one is $ 22,513.
Now let's move from the resistance line as you can see the first resistance is $ 38,498, if you can break it the next resistance will be $ 44,418 and $ 48,859.
Looking at the CHOP indicator, we can see that the energy has been used in the 1-day interval, which could give us moments of breath.
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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.