BTC Short-Term 1HInterval Chart
Hello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price remains above the local upward trend line.
After unfolding the trend based fib extension, you can see the support on which the price is fighting, but when the support is broken, it may result in a drop to the support at $47,409.
Looking the other way, there is resistance at $49,398, followed by strong resistance at $50,500.
The EMA Cross 10 and 30 indicator shows the entry into a downward trend, the RSI indicator has room for a greater recovery, while the STOCH indicator is moving at the lower limit, which could have resulted in a slowdown in the decline.
After unfolding the trend based fib extension, you can see the support on which the price is fighting, but when the support is broken, it may result in a drop to the support at $47,409.
Looking the other way, there is resistance at $49,398, followed by strong resistance at $50,500.
The EMA Cross 10 and 30 indicator shows the entry into a downward trend, the RSI indicator has room for a greater recovery, while the STOCH indicator is moving at the lower limit, which could have resulted in a slowdown in the decline.