Hello everyone, let's take a look at the BTC to USDT chart on a 1 day timeframe. As you can see, the price is moving below 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 $ 21,736, if the support breaks down, the next support is $ 20,976 and $ 20164.
Now let's move from the resistance line as you can see the first resistance is $ 23063, if you can break it the next resistance will be $ 24730 and $ 26379.
Looking at the CHOP indicator, we can see that we have little energy in the 1-day interval, and in the MACD indicator we can see that the blue line is approaching the red crossing from above, which may confirm the local 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 $ 21,736, if the support breaks down, the next support is $ 20,976 and $ 20164.
Now let's move from the resistance line as you can see the first resistance is $ 23063, if you can break it the next resistance will be $ 24730 and $ 26379.
Looking at the CHOP indicator, we can see that we have little energy in the 1-day interval, and in the MACD indicator we can see that the blue line is approaching the red crossing from above, which may confirm the local downward 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.