Hello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $23303, if the support is broken then the next support is $22829 and $22175.
Now let's move to the resistance line, as you can see the first resistance is $23698, if you manage to break it the next resistance will be $23993, $24287 and $24711.
Looking at the CHOP indicator, we see that most of the energy has been used, the MACD indicates a local uptrend, while the RSI is back to the upper part of the range.
Let's start with the support line and as you can see the first support in the near future is $23303, if the support is broken then the next support is $22829 and $22175.
Now let's move to the resistance line, as you can see the first resistance is $23698, if you manage to break it the next resistance will be $23993, $24287 and $24711.
Looking at the CHOP indicator, we see that most of the energy has been used, the MACD indicates a local uptrend, while the RSI is back to the upper part of the range.