Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, price is moving above 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 $ 29,554, if the support breaks down, the next one is $ 28,889 and $ 27,922.
Now let's move from the resistance line as you can see the first resistance is $ 29,977, if you can break it the next resistance will be $ 30,430, $ 30,823 and $ 31,186.
Looking at the CHOP indicator, we see that in the 4-hour interval the energy has been used up and we start to collect new energy.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 29,554, if the support breaks down, the next one is $ 28,889 and $ 27,922.
Now let's move from the resistance line as you can see the first resistance is $ 29,977, if you can break it the next resistance will be $ 30,430, $ 30,823 and $ 31,186.
Looking at the CHOP indicator, we see that in the 4-hour interval the energy has been used up and we start to collect new energy.
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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.