Hello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the blue lines to mark the uptrend channel in which the BTC price is moving.
Now we can move on to marking the places of support in the event of a correction. And here in the first place it is worth marking the support zone from $ 22963 to $ 20415, then we have support at $ 20415, the next support is $ 19187, but when we fall below, we can see a drop around the very strong support zone from $ 17590 to $ 15502 .
Looking the other way, we can determine the places of resistance in a similar way. We will first mark the resistance zone from $23,700 to $25,604, when we manage to break it, we have a second resistance at $28,306, then the price has strong resistance at $31,806.
As we can see on the EMA Cross 10 and 30, they indicate the continuation of the uptrend
The CHOP index indicates that we have a lot of energy for a new move, the MACD indicator indicates a downward trend, while the RSI shows a visible rebound, but we are still in the upper part of the range.
Now we can move on to marking the places of support in the event of a correction. And here in the first place it is worth marking the support zone from $ 22963 to $ 20415, then we have support at $ 20415, the next support is $ 19187, but when we fall below, we can see a drop around the very strong support zone from $ 17590 to $ 15502 .
Looking the other way, we can determine the places of resistance in a similar way. We will first mark the resistance zone from $23,700 to $25,604, when we manage to break it, we have a second resistance at $28,306, then the price has strong resistance at $31,806.
As we can see on the EMA Cross 10 and 30, they indicate the continuation of the uptrend
The CHOP index indicates that we have a lot of energy for a new move, the MACD indicator indicates a downward trend, while the RSI shows a visible rebound, but we are still in the upper part of the range.