BTC/USDT 1DInterval Review
Hello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the yellow line to mark the downtrend line over which BTC is moving.
Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking the support zone from $ 29,484 to $ 28,738, but when we fall below this zone, we can see a drop to around $ 28,993 and even $ 26,941.
Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First, we will mark the resistance zone from $31,641 to $32,479. Once we manage to break through this zone we will move towards resistance at $33331 and then $34503.
It is worth turning on the EMA Cross 200, as we can see, the BTC price is still in a long-term uptrend.
Please pay attention to the CHOP index which indicates that there is still some energy left for the continuation of the downward movement, on the RSI we have a visible rebound, but with room for the price to go down, while the STOCH index indicates that most of the energy has been used
Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking the support zone from $ 29,484 to $ 28,738, but when we fall below this zone, we can see a drop to around $ 28,993 and even $ 26,941.
Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First, we will mark the resistance zone from $31,641 to $32,479. Once we manage to break through this zone we will move towards resistance at $33331 and then $34503.
It is worth turning on the EMA Cross 200, as we can see, the BTC price is still in a long-term uptrend.
Please pay attention to the CHOP index which indicates that there is still some energy left for the continuation of the downward movement, on the RSI we have a visible rebound, but with room for the price to go down, while the STOCH index indicates that most of the energy has been used