Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price moves in the channel marked with the blue lines.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 18551, if the support breaks down, the next support is $ 17,634.
Now let's move from the resistance line, as you can see, the first resistance is $ 19394, if you can break it, the next resistance will be $ 19,880, $ 20,264 and $ 20,643.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 4-hour interval, 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 $ 18551, if the support breaks down, the next support is $ 17,634.
Now let's move from the resistance line, as you can see, the first resistance is $ 19394, if you can break it, the next resistance will be $ 19,880, $ 20,264 and $ 20,643.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 4-hour interval, and the MACD indicator shows a local uptrend.
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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.