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 under the downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 26,702, if the support breaks down, the next one is $ 23,042.
Now let's move from the resistance line as you can see the first resistance is $ 29,925, if you can break it the next resistance will be $ 31,862 and $ 33,413 and $ 35,049.
Looking at the CHOP indicator, we can see that there is still a lot of energy in the 1-day interval, while the MACD indicator shows a downward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 26,702, if the support breaks down, the next one is $ 23,042.
Now let's move from the resistance line as you can see the first resistance is $ 29,925, if you can break it the next resistance will be $ 31,862 and $ 33,413 and $ 35,049.
Looking at the CHOP indicator, we can see that there is still a lot of energy in the 1-day interval, while the MACD indicator shows a 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.