Hello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $23313, if the support is broken then the next support is $22848 and $22185.
Now let's move on to the resistance line, as you can see the first resistance is $23785, if it breaks down, the next resistance will be $24060, then $24296 and then the resistance zone from $24517 to $24837.
Looking at the CHOP indicator, we see that the energy is used to decrease the price, the MACD indicates a local downtrend, while the RSI has a strong rebound and is approaching the lower end of the range.
Let's start with the support line and as you can see the first support in the near future is $23313, if the support is broken then the next support is $22848 and $22185.
Now let's move on to the resistance line, as you can see the first resistance is $23785, if it breaks down, the next resistance will be $24060, then $24296 and then the resistance zone from $24517 to $24837.
Looking at the CHOP indicator, we see that the energy is used to decrease the price, the MACD indicates a local downtrend, while the RSI has a strong rebound and is approaching the lower end of the range.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.