BTC moves sideways
Hello everyone, let's take a look at the BTC to USDT chart on a 1 hour timeframe. As you can see, the price is moving sideways and has come above 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 $ 29,686, if the support breaks down, the next one is $ 29,068 and $ 28,548 and $ 27,670.
Now let's move from the resistance line as you can see the first resistance is $ 31799, if you can break it the next resistance will be $ 33392 and $ 34986.
Looking at the CHOP indicator, we can see that the energy has been depleted in the 1 hour interval, while looking at the MACD indicator, we see a blue line over the red one, which confirms the local 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 $ 29,686, if the support breaks down, the next one is $ 29,068 and $ 28,548 and $ 27,670.
Now let's move from the resistance line as you can see the first resistance is $ 31799, if you can break it the next resistance will be $ 33392 and $ 34986.
Looking at the CHOP indicator, we can see that the energy has been depleted in the 1 hour interval, while looking at the MACD indicator, we see a blue line over the red one, which confirms the local upward trend.
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