Hello everyone, let's take a look at the BTC to USDT chart on the 1 day time frame as you can see the price is moving in the channel indicated.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 30,191, if the support breaks down, the next ones are $ 29,604 and $ 28,912 and $ 17,950.
Now let's move from the resistance line as you can see the first resistance is $ 30,448, if you can break it the next resistance will be $ 30,836, $ 31,207, $ 31,730 and $ 32,422.
Looking at the CHOP indicator, we can see that we still have a lot of energy in the 1-day interval, while the MACD indicator shows that despite the dynamic movements between $ 32,000 and $ 29,000, we are in the local upward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 30,191, if the support breaks down, the next ones are $ 29,604 and $ 28,912 and $ 17,950.
Now let's move from the resistance line as you can see the first resistance is $ 30,448, if you can break it the next resistance will be $ 30,836, $ 31,207, $ 31,730 and $ 32,422.
Looking at the CHOP indicator, we can see that we still have a lot of energy in the 1-day interval, while the MACD indicator shows that despite the dynamic movements between $ 32,000 and $ 29,000, we are in the local upward trend.