Hello everyone, I invite you to review the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the yellow line to mark the main downtrend line that the price has broken, while we are currently moving in the uptrend channel, for which we have used the blue lines.
When we turn on the Ema Cross 200, we can see that the price remains above the blue line, which means that the long-term uptrend is maintained, while the EMA Cross 10 and 30, also indicate the continuation of the uptrend.
Now we can move on to marking the places of support in the event of a correction. And here we first have support at $ 27381, then second support at $ 25243, then there is a strong support zone from $ 23372 to $ 21569, but when the zone is broken, the next support is at $ 18897.
Looking the other way, in a similar way, using the fib retracement tool, we can determine the places of resistance. And here we see that the first strong resistance is at $ 31724, the second resistance at $ 35799, and then the third resistance at $ 41210.
Please pay attention to the CHOP index which indicates that we have a lot of energy for the upcoming move, the MACD indicator indicates that we are on the verge of returning to the uptrend, while the RSI shows slight increases with room for the price to go up.
When we turn on the Ema Cross 200, we can see that the price remains above the blue line, which means that the long-term uptrend is maintained, while the EMA Cross 10 and 30, also indicate the continuation of the uptrend.
Now we can move on to marking the places of support in the event of a correction. And here we first have support at $ 27381, then second support at $ 25243, then there is a strong support zone from $ 23372 to $ 21569, but when the zone is broken, the next support is at $ 18897.
Looking the other way, in a similar way, using the fib retracement tool, we can determine the places of resistance. And here we see that the first strong resistance is at $ 31724, the second resistance at $ 35799, and then the third resistance at $ 41210.
Please pay attention to the CHOP index which indicates that we have a lot of energy for the upcoming move, the MACD indicator indicates that we are on the verge of returning to the uptrend, while the RSI shows slight increases with room for the price to go up.