Hello everyone, let's take a look at the BTC to USDT 1 day chart as you see the price is moving below the downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 27,902, if the support breaks down, the next one is $ 26,711 and $ 23,185.
Now let's move from the resistance line as you can see the first resistance is $ 29,856, if you can break it the next resistance will be $ 31,762, $ 33,429 and $ 34,954.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, while the MACD indicator shows that we have entered a downward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 27,902, if the support breaks down, the next one is $ 26,711 and $ 23,185.
Now let's move from the resistance line as you can see the first resistance is $ 29,856, if you can break it the next resistance will be $ 31,762, $ 33,429 and $ 34,954.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, while the MACD indicator shows that we have entered a downward trend.
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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.