Hello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price is close to exiting the current downtrend channel.
Let's start by determining the support that the price has in the event of a further correction, and as you can see, we have a support zone from $ 18,979 to $ 18,123 in front of us.
Now let's move from the resistance line, as you can see, the first resistance is $ 19,222, if you can break it, the next resistance will be $ 19,899, the third resistance at $ 20,462 and the fourth resistance at $ 21,003.
Looking at the CHOP indicator, we can see that on the 1-day interval most of the energy has been used and the MACD indicator shows that the blue line is approaching the red crossing from below, which could confirm the upward trend shift.
Let's start by determining the support that the price has in the event of a further correction, and as you can see, we have a support zone from $ 18,979 to $ 18,123 in front of us.
Now let's move from the resistance line, as you can see, the first resistance is $ 19,222, if you can break it, the next resistance will be $ 19,899, the third resistance at $ 20,462 and the fourth resistance at $ 21,003.
Looking at the CHOP indicator, we can see that on the 1-day interval most of the energy has been used and the MACD indicator shows that the blue line is approaching the red crossing from below, which could confirm the upward trend shift.
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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.
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.