Does BTC repeat your movement from May - November?
Hello everyone, let's take a look at the BTC to USDT chart. For 1 weekend interval. As you can see, the price is moving below the downtrend line.
However, it is worth noting that we can just see a higher peak and a higher low on the chart, as well as a very similar situation to that in May 2021.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 38,763, if the support breaks, the next is $ 36,206 and $ 32,882 then we have the fundamental support zone from $ 31,251 to $ 28,798.
Now let's move from the resistance line, as you can see, the first resistance is $ 41,257, if you can break it, the next resistance will be $ 46,563 and $ 50,782, and another resistance is $ 55,130 = 0.618Fib.
However, it is worth noting that we can just see a higher peak and a higher low on the chart, as well as a very similar situation to that in May 2021.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 38,763, if the support breaks, the next is $ 36,206 and $ 32,882 then we have the fundamental support zone from $ 31,251 to $ 28,798.
Now let's move from the resistance line, as you can see, the first resistance is $ 41,257, if you can break it, the next resistance will be $ 46,563 and $ 50,782, and another resistance is $ 55,130 = 0.618Fib.