Hello everyone, let's take a look at the BTC to USDT chart on a 1 hour timeframe. As you can see, the price stayed 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 $ 22,262, if the support breaks down, the next support is $ 21,605, $ 20,985 and $ 20,044.
Now let's move from the resistance line as you can see the first resistance is $ 22,799, if you can break it the next resistance will be $ 23062, $ 23286, $ 23,534 and $ 23,848.
Looking at the CHOP indicator, we can see that on the 1-hour interval, the decline in energy has stopped and the MACD indicator shows a temporary sideways trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 22,262, if the support breaks down, the next support is $ 21,605, $ 20,985 and $ 20,044.
Now let's move from the resistance line as you can see the first resistance is $ 22,799, if you can break it the next resistance will be $ 23062, $ 23286, $ 23,534 and $ 23,848.
Looking at the CHOP indicator, we can see that on the 1-hour interval, the decline in energy has stopped and the MACD indicator shows a temporary sideways 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.