Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. 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 $ 20,211, if the support breaks down, the next support is $ 19,697 and $ 19,486.
Now let's move from the resistance line, as you can see, the first resistance is $ 20,446, if you can break it, the next resistance will be $ 20,678, $ 20,862 and $ 21053.
Looking at the CHOP index, we can see that in the 4-hour interval we can see that we have a lot of energy, the MCAD indicator shows that we are in a local upward trend. It is also worth adding that we currently have a green growth candle after the last three red candles.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 20,211, if the support breaks down, the next support is $ 19,697 and $ 19,486.
Now let's move from the resistance line, as you can see, the first resistance is $ 20,446, if you can break it, the next resistance will be $ 20,678, $ 20,862 and $ 21053.
Looking at the CHOP index, we can see that in the 4-hour interval we can see that we have a lot of energy, the MCAD indicator shows that we are in a local upward trend. It is also worth adding that we currently have a green growth candle after the last three red candles.