Hello everyone, let's take a look at the BTC to USDT chart on the 30 minute time frame. As you can see, the price moves in the channel marked with the blue lines.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 30,119, if the support breaks down, the next ones are $ 29,721 and $ 29,204.
Now let's move from the resistance line, as you can see, the first resistance that price is currently struggling with is $ 30,253, if it can be broken the next resistance will be $ 30,501, $ 30,719, $ 30,925 and $ 31,215.
Looking at the CHOP indicator, we can see that at the 30-minute interval the energy starts to rebound, while the indicator shows that in the short term we are in 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 $ 30,119, if the support breaks down, the next ones are $ 29,721 and $ 29,204.
Now let's move from the resistance line, as you can see, the first resistance that price is currently struggling with is $ 30,253, if it can be broken the next resistance will be $ 30,501, $ 30,719, $ 30,925 and $ 31,215.
Looking at the CHOP indicator, we can see that at the 30-minute interval the energy starts to rebound, while the indicator shows that in the short term we are in a local downward trend.