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 below the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,515, if the support breaks down, the next support is $ 18,675 and $ 17,619.
Now let's move on from the resistance line, as you can see, the first resistance that BTC is currently struggling with is $ 19,764, if you manage to break it, the next resistance will be $ 20,281 and $ 20,727.
Looking at the CHOP indicator, we can see that in the 4-hour interval the energy is slowly increasing and the MACD indicator shows that we have entered the local upward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,515, if the support breaks down, the next support is $ 18,675 and $ 17,619.
Now let's move on from the resistance line, as you can see, the first resistance that BTC is currently struggling with is $ 19,764, if you manage to break it, the next resistance will be $ 20,281 and $ 20,727.
Looking at the CHOP indicator, we can see that in the 4-hour interval the energy is slowly increasing and the MACD indicator shows that we have entered the local upward 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.