Hello everyone, let's take a look at the BTC to USDT chart over the 1 day timeframe. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,778, if the support breaks down, the next support is $ 19,284 and $ 18,525.
Now let's move from the resistance line as you can see the first resistance is $ 19,882, if you can break it the next resistance will be $ 20,300, $ 20,696 and $ 21,195.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval and the MACD indicator shows a continuation of the 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 $ 19,778, if the support breaks down, the next support is $ 19,284 and $ 18,525.
Now let's move from the resistance line as you can see the first resistance is $ 19,882, if you can break it the next resistance will be $ 20,300, $ 20,696 and $ 21,195.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval and the MACD indicator shows a continuation of the upward trend.