BTC Short-Term Chart 30MInterval
Hello everyone, let's take a look at the BTC to USDT chart on a short time frame of 30 minutes. As you can see, the price is moving above the local uptrend line.
When we break down the Trend Based Fib Extension, we see support at the level of $36,757, and then we have a strong support zone from $35,752 to $35,222.
Looking the other way, you can see that the price is ahead of a strong resistance zone from $37,505 to $38,050, and further resistance may appear at $38,730.
Looking at the CHOP indicator, we see that there is still some energy left, the RSI indicator returns to the middle of the range, which creates room for a move in both directions, but the STOCH indicator shows that the upper limit has been exceeded, which should slow down the current increase and give a small price correction.
When we break down the Trend Based Fib Extension, we see support at the level of $36,757, and then we have a strong support zone from $35,752 to $35,222.
Looking the other way, you can see that the price is ahead of a strong resistance zone from $37,505 to $38,050, and further resistance may appear at $38,730.
Looking at the CHOP indicator, we see that there is still some energy left, the RSI indicator returns to the middle of the range, which creates room for a move in both directions, but the STOCH indicator shows that the upper limit has been exceeded, which should slow down the current increase and give a small price correction.
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