Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price broke above the 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 $ 20,775, if the support breaks down, the next ones are $ 20163, $ 19,648 and $ 19,165.
Now let's move from the resistance line as you can see the first resistance is $ 21,838, if you can break it the next resistance will be $ 22,997 and $ 26,313.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 4-hour interval, and the MACD indicator shows an 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 $ 20,775, if the support breaks down, the next ones are $ 20163, $ 19,648 and $ 19,165.
Now let's move from the resistance line as you can see the first resistance is $ 21,838, if you can break it the next resistance will be $ 22,997 and $ 26,313.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 4-hour interval, and the MACD indicator shows an upward trend.