BTC is getting closer to support! There is a lot of energy.
Hello everyone, let's take a look at the BTC to USDT chart over the weekend 1. As you can see, the price is moving in the uptrend channel marked with the blue lines.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 37,401, if the support breaks, then we have a fundamental support zone ranging from $ 31,251 to $ 28,798.
Now let's move from the resistance line, as you can see, the first resistance is $ 41,467, if you can break it, the next resistance will be $ 46,722, another resistance is $ 51,085 and the next resistance is $ 55,348.
Looking at the CHOP indicator, we can see that in the 1 weekend interval we have a lot of energy and although some energy was used for the correction, the MACD indicator shows that it will remain in 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 $ 37,401, if the support breaks, then we have a fundamental support zone ranging from $ 31,251 to $ 28,798.
Now let's move from the resistance line, as you can see, the first resistance is $ 41,467, if you can break it, the next resistance will be $ 46,722, another resistance is $ 51,085 and the next resistance is $ 55,348.
Looking at the CHOP indicator, we can see that in the 1 weekend interval we have a lot of energy and although some energy was used for the correction, the MACD indicator shows that it will remain in the upward trend.