BTC/USDT 1HInterval Chart
Hello everyone, please look at the BTC to USDT chart on a one hour time frame. As you can see, the price is fighting against the local downtrend line.
After unfolding the trend based fib extension saitka, you can see support at the level of $41,410, the second one at $40,926, and the next one around $40,132.
Looking the other way, there is significant resistance at $42,176, and then a second one at $42,663.
The RSI indicator moves sideways, near the middle of the range, while the STOCH indicator shows a movement in the lower part, which may result in an upward movement in the price.
After unfolding the trend based fib extension saitka, you can see support at the level of $41,410, the second one at $40,926, and the next one around $40,132.
Looking the other way, there is significant resistance at $42,176, and then a second one at $42,663.
The RSI indicator moves sideways, near the middle of the range, while the STOCH indicator shows a movement in the lower part, which may result in an upward movement in the price.