BTC/USDT 1H Interval Review
Hello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price has returned below the uptrend line.
Let's start with the support line and as you can see the first support in the near future is $29542, if the support is broken then we still have a support zone from $29342 to $29220.
Now let's go from the resistance line, as you can see the first resistance is $29999, if you manage to break it then the price needs to break the zone from $30238 to $30403.
The CHOP index indicates that the energy has been used, the MACD confirms the local downtrend, and the RSI has approached the lower limit, which may give a temporary sideways trend.
Let's start with the support line and as you can see the first support in the near future is $29542, if the support is broken then we still have a support zone from $29342 to $29220.
Now let's go from the resistance line, as you can see the first resistance is $29999, if you manage to break it then the price needs to break the zone from $30238 to $30403.
The CHOP index indicates that the energy has been used, the MACD confirms the local downtrend, and the RSI has approached the lower limit, which may give a temporary sideways trend.