Hello everyone, let's take a look at the BTC to USDT chart on a 1 hour timeframe. As you can see, the price broke above our local downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 23,407, if the support breaks down, the next support is $ 23,257, $ 23,145 and $ 23,025.
Now let's move from the resistance line as you can see the first resistance is $ 23,601, if you can break it the next resistance will be $ 23,852 and $ 24,187.
Looking at the CHOP indicator, we can see that in the 1 hour interval we are starting to gain energy and the MACD indicator shows that we are maintaining the 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 $ 23,407, if the support breaks down, the next support is $ 23,257, $ 23,145 and $ 23,025.
Now let's move from the resistance line as you can see the first resistance is $ 23,601, if you can break it the next resistance will be $ 23,852 and $ 24,187.
Looking at the CHOP indicator, we can see that in the 1 hour interval we are starting to gain energy and the MACD indicator shows that we are maintaining the local upward trend.