Hello everyone, I invite you to review the behavior of BTC, taking into account the one-day interval. First, we can mark the local uptrend line from which the price went down, while the purple line will mark the saucer trend that was previously broken.
Now let's move on to marking the places of support. We will use the trend based fib extension tool to mark the supports, and as you can see, we have the first support at $ 27061, if the price goes lower, we have a strong support zone from $ 24550 to $ 22504, and then there is a strong support at $ 20552.
Looking the other way, in a similar way, we can mark places where the price should encounter resistance on the way to increases. And here we have the first very strong resistance at $ 30734 which is the current barrier, the next resistance is at $ 32965, then the third resistance at $ 34871, and the fourth at $ 36778.
When we turn on the EMA Cross 10 and 30, we can see that they indicate an uptrend. The CHOP index indicates that the energy is charged for the next move. The MACD indicator is on the verge of entering a local uptrend. On the other hand, we see a rebound on the RSI, which creates room for new increases.
Now let's move on to marking the places of support. We will use the trend based fib extension tool to mark the supports, and as you can see, we have the first support at $ 27061, if the price goes lower, we have a strong support zone from $ 24550 to $ 22504, and then there is a strong support at $ 20552.
Looking the other way, in a similar way, we can mark places where the price should encounter resistance on the way to increases. And here we have the first very strong resistance at $ 30734 which is the current barrier, the next resistance is at $ 32965, then the third resistance at $ 34871, and the fourth at $ 36778.
When we turn on the EMA Cross 10 and 30, we can see that they indicate an uptrend. The CHOP index indicates that the energy is charged for the next move. The MACD indicator is on the verge of entering a local uptrend. On the other hand, we see a rebound on the RSI, which creates room for new increases.