Hello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, the price is moving below the uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19050, if the support breaks down, the next support is $ 19,022 and $ 18,994.
Now let's move on to the resistance that price has to break first and here we see a resistance zone from $ 19163 to $ 19222, only going above this zone can bring about further increases.
Looking at the CHOP indicator, we can see that in the 1-hour interval we have a lot of energy, and the MACD indicator shows a local downward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19050, if the support breaks down, the next support is $ 19,022 and $ 18,994.
Now let's move on to the resistance that price has to break first and here we see a resistance zone from $ 19163 to $ 19222, only going above this zone can bring about further increases.
Looking at the CHOP indicator, we can see that in the 1-hour interval we have a lot of energy, and the MACD indicator shows a local downward trend.