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 above the local uptrend line.
Let's start by designating the support line and as you can see the first prop on which the price is currently at is $ 19,046, if the support breaks, the next support is $ 18,832 and $ 18,524.
Now let's move from the resistance line, as you can see the first resistance is $ 19,144, if you can break it, the next resistance is $ 19,312, the next one is $ 19,432 and $ 19,557.
Looking at the CHOP indicator, we can see that in the four-hour range we still have some energy for the next move, and the MACD indicator shows that we are continuing the local downward trend.
Let's start by designating the support line and as you can see the first prop on which the price is currently at is $ 19,046, if the support breaks, the next support is $ 18,832 and $ 18,524.
Now let's move from the resistance line, as you can see the first resistance is $ 19,144, if you can break it, the next resistance is $ 19,312, the next one is $ 19,432 and $ 19,557.
Looking at the CHOP indicator, we can see that in the four-hour range we still have some energy for the next move, and the MACD indicator shows that we are continuing the local downward trend.