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 $ 38,746, if the support breaks down, the next one is $ 36,180 and $ 32,875.
Now let's move from the resistance line as you can see the first resistance is $ 39,942, if you can break it the next resistance will be $ 41,524 and $ 42,790.
Looking at the CHOP indicator, we can see that we collected a lot of energy in the 4-hour interval, while the MACD indicator shows that the blue line has crossed the red line from below, which should potentially indicate 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 $ 38,746, if the support breaks down, the next one is $ 36,180 and $ 32,875.
Now let's move from the resistance line as you can see the first resistance is $ 39,942, if you can break it the next resistance will be $ 41,524 and $ 42,790.
Looking at the CHOP indicator, we can see that we collected a lot of energy in the 4-hour interval, while the MACD indicator shows that the blue line has crossed the red line from below, which should potentially indicate an 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.