Hello everyone, let's look at the BTC to USDT chart on a 1-hour timeframe. As you can see, the price is moving in the local downtrend channel.
Let's start with the support line and as you can see the first support in the near future is HKEX:27807, if the support is broken then the next support is HKEX:27573 and $27249.
Now let's move to the resistance line, as you can see the first resistance is HKEX:28262, if you manage to break it, the next resistance will be $28581 and $28897.
Looking at the CHOP indicator, we see that there is a lot of energy, the MACD is on the verge of returning to an uptrend, while the RSI has room for price growth.
Let's start with the support line and as you can see the first support in the near future is HKEX:27807, if the support is broken then the next support is HKEX:27573 and $27249.
Now let's move to the resistance line, as you can see the first resistance is HKEX:28262, if you manage to break it, the next resistance will be $28581 and $28897.
Looking at the CHOP indicator, we see that there is a lot of energy, the MACD is on the verge of returning to an uptrend, while the RSI has room for price growth.