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 below the local 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 $ 19,761, if the support breaks down, the next ones are $ 19,345, $ 18,945, $ 18,345 and $ 17,606.
Now let's move from the resistance line as you can see the first resistance is $ 20,961, if you can break it the next resistance will be $ 21,869 and $ 23,007.
Looking at the CHOP indicator, we can see that in the 4-hour interval we still have energy for the next move, and the MACD indicator shows a local uptrend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,761, if the support breaks down, the next ones are $ 19,345, $ 18,945, $ 18,345 and $ 17,606.
Now let's move from the resistance line as you can see the first resistance is $ 20,961, if you can break it the next resistance will be $ 21,869 and $ 23,007.
Looking at the CHOP indicator, we can see that in the 4-hour interval we still have energy for the next move, and the MACD indicator shows a local uptrend.
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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.