Hello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, 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 is $ 30,167 where the current price is, if the support breaks, the next is $ 29,996 and $ 29,869 and $ 29,724.
Now let's move from the resistance line as you can see the first resistance is $ 30,502, if you can break it the next resistance will be $ 30,873 and $ 31,225 and $ 31,749.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1 hour interval, while the MACD indicator shows a local upward trend.
Let's start with the designation of the support line and as you can see the first support is $ 30,167 where the current price is, if the support breaks, the next is $ 29,996 and $ 29,869 and $ 29,724.
Now let's move from the resistance line as you can see the first resistance is $ 30,502, if you can break it the next resistance will be $ 30,873 and $ 31,225 and $ 31,749.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1 hour interval, while the MACD indicator shows a local upward trend.