Hello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $ 28498, if the support is broken then the next support is $ 28025, $ 27540 and $ 26879.
Now let's move on to the resistance line, as you can see the first resistance is $ 28818, if you manage to break it, the next resistance will be $ 29181, $ 29544 and $ 30062.
Looking at the CHOP indicator, we see that there is a lot of energy, the MACD indicates a local uptrend, while the RSI is moving in the lower part of the range, which gives room for increases.
Let's start with the support line and as you can see the first support in the near future is $ 28498, if the support is broken then the next support is $ 28025, $ 27540 and $ 26879.
Now let's move on to the resistance line, as you can see the first resistance is $ 28818, if you manage to break it, the next resistance will be $ 29181, $ 29544 and $ 30062.
Looking at the CHOP indicator, we see that there is a lot of energy, the MACD indicates a local uptrend, while the RSI is moving in the lower part of the range, which gives room for increases.