Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving above the local 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 $ 19,038, if the support breaks down, the next support is $ 18,754, $ 18,524 and $ 18,301.
Now let's move on from the resistance line, as you can see, the first resistance that price is currently struggling with is $ 19,292, if you can break it, the next resistance will be $ 19,453, $ 19,611 and $ 19,842.
Looking at the CHOP indicator we can see that in the 4-hour interval some energy has been used up, but we have a little bit to continue the movement. On the other hand, the MACD indicator shows a local upward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,038, if the support breaks down, the next support is $ 18,754, $ 18,524 and $ 18,301.
Now let's move on from the resistance line, as you can see, the first resistance that price is currently struggling with is $ 19,292, if you can break it, the next resistance will be $ 19,453, $ 19,611 and $ 19,842.
Looking at the CHOP indicator we can see that in the 4-hour interval some energy has been used up, but we have a little bit to continue the movement. On the other hand, the MACD indicator shows a local upward trend.
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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.