Daily BTC 1DChart - resistance and support
Hello everyone, let's look at the BTC to USDT chart on a single day timeframe. As you can see, the price is moving below the downtrend line.
Let's start with determining the support line and here in the first place it is worth marking the support zone from $ 26858 to $ 26357, if the support is broken then the next support is $ 25864 and $ 25170.
Now let's move on to the resistance line, as you can see the first resistance is $27494, if you manage to break it, the next resistance will be $27811, $28580 and $28129.
Looking at the CHOP indicator, we see that there is still a lot of energy for the move, MACD, despite the corrections, remains in an uptrend, while the RSI is moving around the middle of the range, which makes it difficult to clearly determine the direction of the move.
Let's start with determining the support line and here in the first place it is worth marking the support zone from $ 26858 to $ 26357, if the support is broken then the next support is $ 25864 and $ 25170.
Now let's move on to the resistance line, as you can see the first resistance is $27494, if you manage to break it, the next resistance will be $27811, $28580 and $28129.
Looking at the CHOP indicator, we see that there is still a lot of energy for the move, MACD, despite the corrections, remains in an uptrend, while the RSI is moving around the middle of the range, which makes it difficult to clearly determine the direction of the move.