Hello everyone, let's take a look at the BTC to USDT chart on the 1 day time frame, as you can see the price is still moving below the downtrend line.
Let's start with the line of support and as you can see the first support that has already bounced back once is $ 17,482, if the support breaks, the next ones are $ 11,754 and $ 8028.
Now let's move from the resistance line as you can see the first resistance is $ 21,101, if you can break it the next resistance will be $ 23,133, $ 24,912 and $ 26,605.
Looking at the CHOP indicator, we can see that there is no energy in the 1-day interval, and the MACD indicator confirms the downward trend.
Let's start with the line of support and as you can see the first support that has already bounced back once is $ 17,482, if the support breaks, the next ones are $ 11,754 and $ 8028.
Now let's move from the resistance line as you can see the first resistance is $ 21,101, if you can break it the next resistance will be $ 23,133, $ 24,912 and $ 26,605.
Looking at the CHOP indicator, we can see that there is no energy in the 1-day interval, and the MACD indicator confirms 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.