Hello everyone, let's take a look at the BTC to USDT chart on a 15 minute time frame on 28.07.2022. 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 $ 22,792, if the support breaks down, the next support is $ 22,398, $ 22,075 and $ 21,757.
Now let's move from the resistance line as you can see the first resistance is $ 22,925, if you can break it the next resistance will be $ 23,505 and $ 24,283.
Looking at the CHOP indicator, we can see that in the 15-minute interval we can see that some energy has been used for the price decline, and the MACD indicator confirms the change in the price direction.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 22,792, if the support breaks down, the next support is $ 22,398, $ 22,075 and $ 21,757.
Now let's move from the resistance line as you can see the first resistance is $ 22,925, if you can break it the next resistance will be $ 23,505 and $ 24,283.
Looking at the CHOP indicator, we can see that in the 15-minute interval we can see that some energy has been used for the price decline, and the MACD indicator confirms the change in the price direction.