Hello everyone, let's look at the BTC to USDT chart on a 1-hour timeframe. As you can see, the price has moved downwards from the local triangle.
Let's start with the support line and as you can see the first support in the near future is the zone from $25782 to $25618, then there is the second zone from $25462 to $25226, and then support at $24933.
Now let's move on to the resistance line, as you can see the first resistance is $26102, if you break it the next resistance will be $26400, then there is the resistance zone from $26632 to $26867 and then the resistance at $27205.
Looking at the CHOP indicator, we see that there is still some energy left for the move, the RSI is moving at the lower limit which may give the price a rebound in the coming hours, and the STOCH indicator turns around the middle of the range, which has stopped the price rebound.
Let's start with the support line and as you can see the first support in the near future is the zone from $25782 to $25618, then there is the second zone from $25462 to $25226, and then support at $24933.
Now let's move on to the resistance line, as you can see the first resistance is $26102, if you break it the next resistance will be $26400, then there is the resistance zone from $26632 to $26867 and then the resistance at $27205.
Looking at the CHOP indicator, we see that there is still some energy left for the move, the RSI is moving at the lower limit which may give the price a rebound in the coming hours, and the STOCH indicator turns around the middle of the range, which has stopped the price rebound.
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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.