Hello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price is moving in the uptrend channel marked by the blue lines.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 39,798, if the support breaks down, the next one is $ 37,539.
Now let's move from the resistance line as you can see the first resistance is $ 41,287, if you can break it the next resistance will be $ 42,616 and $ 43,679.
Looking at the CHOP indicator, we can see that in the 1 day interval most of the energy has been depleted, we should not see more movement in the next day.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 39,798, if the support breaks down, the next one is $ 37,539.
Now let's move from the resistance line as you can see the first resistance is $ 41,287, if you can break it the next resistance will be $ 42,616 and $ 43,679.
Looking at the CHOP indicator, we can see that in the 1 day interval most of the energy has been depleted, we should not see more movement in the next day.
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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.