BTC/USDT Short-Term 1HInterval Review
Hello everyone, let's look at the BTC to USDT chart in one hour time frame. As you can see, the price has broken out of the local downtrend line.
After unfolding the trend based fib extension mesh, we see that the price has bounced off the strong resistance at $30,442, and when it breaks the next resistance is at $30,550.
Looking the other way, we see that the first support is at $30,318, then you can mark a strong support zone from $30,238 to $30,182, and then support at $30,114.
Looking at the CHOP indicator, we can see that the energy is almost used up, the MACD confirms the local uptrend and the RSI has a significant increase, however, there is some room for the price to go a little higher.
After unfolding the trend based fib extension mesh, we see that the price has bounced off the strong resistance at $30,442, and when it breaks the next resistance is at $30,550.
Looking the other way, we see that the first support is at $30,318, then you can mark a strong support zone from $30,238 to $30,182, and then support at $30,114.
Looking at the CHOP indicator, we can see that the energy is almost used up, the MACD confirms the local uptrend and the RSI has a significant increase, however, there is some room for the price to go a little higher.