BTC/USDT 1H Interval Review
Hello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price stays on the local uptrend line.
After unfolding the trend based fib extension grid, we see that the first support is at $29395, the second at $29338, the third at $29290, the fourth at $29244, and then there is the support zone from $29177 to $29092.
Looking the other way, the first resistance is at $29,471, the second at $29,533, the third at $29,582, the fourth at $29,631.
Looking at the CHOP indicator, we see that the energy has been used, the RSI is moving in the upper part, which can result in a price drop, and looking at the STOCH indicator, we have a lot of energy, which can affect the price correction.
After unfolding the trend based fib extension grid, we see that the first support is at $29395, the second at $29338, the third at $29290, the fourth at $29244, and then there is the support zone from $29177 to $29092.
Looking the other way, the first resistance is at $29,471, the second at $29,533, the third at $29,582, the fourth at $29,631.
Looking at the CHOP indicator, we see that the energy has been used, the RSI is moving in the upper part, which can result in a price drop, and looking at the STOCH indicator, we have a lot of energy, which can affect the price correction.
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