Will BTC come out of the current channel?
Hi everyone.
Today we take a look at the BTC to USDT chart on a 1 hour time frame. We see an upward channel in which the price moves, and as you can see, we are currently at the upper end of our channel.
There is a resistance zone from $ 24,696 to $ 26,196 ahead of us to break, a break in this zone would result in an upward exit from the growth channel.
However, if the price starts to turn back, the first stronger support is at $ 23,021, and if it does not keep the price, we still have a support zone from $ 20,957 to $ 17,669.
It is worth paying attention to the CHOP indicator which shows that in a small interval the energy has been consumed, while the MACD indicator indicates a local upward trend.
Today we take a look at the BTC to USDT chart on a 1 hour time frame. We see an upward channel in which the price moves, and as you can see, we are currently at the upper end of our channel.
There is a resistance zone from $ 24,696 to $ 26,196 ahead of us to break, a break in this zone would result in an upward exit from the growth channel.
However, if the price starts to turn back, the first stronger support is at $ 23,021, and if it does not keep the price, we still have a support zone from $ 20,957 to $ 17,669.
It is worth paying attention to the CHOP indicator which shows that in a small interval the energy has been consumed, while the MACD indicator indicates a local upward trend.