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 triangle of the downturn channel.
Let's start with the designation of the support line and as you can see the first support is the support zone where the price is currently moving from $ 31,251 to $ 28,798, if the support breaks, the next one is $ 28,333 another at $ 27,606, $ 26,619 and $ 23,970.
Now let's move from the resistance line as you can see the first resistance is $ 31,864, if you can break it the next resistance will be $ 33,370 and $ 34928 or $ 37,213.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy, while the MACD indicator shows an upward trend.
Let's start with the designation of the support line and as you can see the first support is the support zone where the price is currently moving from $ 31,251 to $ 28,798, if the support breaks, the next one is $ 28,333 another at $ 27,606, $ 26,619 and $ 23,970.
Now let's move from the resistance line as you can see the first resistance is $ 31,864, if you can break it the next resistance will be $ 33,370 and $ 34928 or $ 37,213.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy, while the MACD indicator shows an upward trend.
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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.