Hello everyone, let's take a look at the BTC to USDT chart, in the 4 hour timeframe. As you can see, the price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 21,235, if the support breaks down, the next support is $ 21,075, $ 20,954 and $ 20,834.
Now let's move to the resistance line as you can see the first resistance is $ 21,559, if you can break it the next resistance will be $ 21,773, $ 21,945 and $ 22,177.
Looking at the CHOP indicator, we can see that the energy has been used up in the 4-hour interval, and the MACD indicator shows a 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 $ 21,235, if the support breaks down, the next support is $ 21,075, $ 20,954 and $ 20,834.
Now let's move to the resistance line as you can see the first resistance is $ 21,559, if you can break it the next resistance will be $ 21,773, $ 21,945 and $ 22,177.
Looking at the CHOP indicator, we can see that the energy has been used up in the 4-hour interval, and the MACD indicator shows a local upward trend.