Hello everyone, let's take a look at the BTC to USDT chart over the four hour time frame. As you can see, the price is moving below the local downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is nineteen thousand one hundred and six dollars, if the support is broken, the next support is eighteen thousand nine hundred twenty five dollars and eighteen thousand two hundred thirty four dollars.
Now let's move to the line of resistance, as you can see, the first resistance is nineteen thousand two hundred and thirty four dollars, if you can break it, the next resistance will be nineteen thousand three hundred forty five dollars, nineteen thousand four hundred eighty three dollars and nineteen thousand seven hundred twenty seven dollars.
Looking at the CHOP indicator, we can see that in the four-hour interval we have a lot of energy, and the MACD indicator shows a local downward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is nineteen thousand one hundred and six dollars, if the support is broken, the next support is eighteen thousand nine hundred twenty five dollars and eighteen thousand two hundred thirty four dollars.
Now let's move to the line of resistance, as you can see, the first resistance is nineteen thousand two hundred and thirty four dollars, if you can break it, the next resistance will be nineteen thousand three hundred forty five dollars, nineteen thousand four hundred eighty three dollars and nineteen thousand seven hundred twenty seven dollars.
Looking at the CHOP indicator, we can see that in the four-hour interval we have a lot of energy, and the MACD indicator shows a local downward trend.