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 below the downtrend line.
Let's start with the designation of the support line and as you can see the first support is $ 19,928 - ATH from the previous bullish, if the support breaks down, the next one is $ 17,397.
Now let's move from the resistance line as you can see the first resistance is $ 23,603, if you can break it the next resistance will be $ 25,210, $ 26,651, $ 27,980 and $ 29,975.
Looking at the CHOP indicator, we can see that the energy has been exhausted on the 1-day interval, and the MACD indicator shows that we are continuing the downward trend.
Let's start with the designation of the support line and as you can see the first support is $ 19,928 - ATH from the previous bullish, if the support breaks down, the next one is $ 17,397.
Now let's move from the resistance line as you can see the first resistance is $ 23,603, if you can break it the next resistance will be $ 25,210, $ 26,651, $ 27,980 and $ 29,975.
Looking at the CHOP indicator, we can see that the energy has been exhausted on the 1-day interval, and the MACD indicator shows that we are continuing the 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.