Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price moves sideways in the channel defined by the blue lines.
Despite the fact that today we saw a decline to around $ 28,000, the price quickly returned to around $ 29,600.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 29,098, if the support breaks down, the next one is $ 28,520 and $ 27,724.
Now let's move from the resistance line as you can see the first resistance is $ 29,677 which price is currently struggling with, if it can be broken the next resistance will be $ 30,372 and $ 31,399.
Looking at the CHOP indicator, we can see that we still have a lot of energy in the 4-hour interval, be careful in the hours ahead.
Despite the fact that today we saw a decline to around $ 28,000, the price quickly returned to around $ 29,600.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 29,098, if the support breaks down, the next one is $ 28,520 and $ 27,724.
Now let's move from the resistance line as you can see the first resistance is $ 29,677 which price is currently struggling with, if it can be broken the next resistance will be $ 30,372 and $ 31,399.
Looking at the CHOP indicator, we can see that we still have a lot of energy in the 4-hour interval, be careful in the hours ahead.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.