BTC is dynamically returning to around $ 30,500
Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price came out of the triangle you created.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 30,413, if the support breaks, the next one is $ 29,688 and $ 29,114 and $ 28,541.
Now let's move from the resistance line as you can see the first resistance is $ 31,802, if you can break it the next resistance will be $ 33,371 and $ 34,941.
Looking at the CHOP indicator, we can see that in the 4-hour interval, the collected energy was nicely used to increase the price, and the MACD indicator shows that we are in an uptrend locally.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 30,413, if the support breaks, the next one is $ 29,688 and $ 29,114 and $ 28,541.
Now let's move from the resistance line as you can see the first resistance is $ 31,802, if you can break it the next resistance will be $ 33,371 and $ 34,941.
Looking at the CHOP indicator, we can see that in the 4-hour interval, the collected energy was nicely used to increase the price, and the MACD indicator shows that we are in an uptrend locally.