Hello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving within the uptrend channel indicated by the blue lines.
Let's start with the support line and as you can see the first support in the near future is $16967, if the support is broken then the next support is $16677, $16453 and $16222.
Now let's move on to the resistance line, as you can see we've managed to break the resistance at 0.618 Fib and we currently have resistance at $17609 if we manage to break it the next resistance will be $18199 which is very important as the previous price breakout was at the same point only when the price goes up and then positively tests this place, we can expect further increases.
Looking at the CHOP indicator, we see that in the 4-hour interval, some of the energy has been used, but we have some time to continue the move, the MACD indicator indicates the entry into a local uptrend, while the volume shows red candles, which means the advantage of sellers, however, you can see that it is she is very small.
Let's start with the support line and as you can see the first support in the near future is $16967, if the support is broken then the next support is $16677, $16453 and $16222.
Now let's move on to the resistance line, as you can see we've managed to break the resistance at 0.618 Fib and we currently have resistance at $17609 if we manage to break it the next resistance will be $18199 which is very important as the previous price breakout was at the same point only when the price goes up and then positively tests this place, we can expect further increases.
Looking at the CHOP indicator, we see that in the 4-hour interval, some of the energy has been used, but we have some time to continue the move, the MACD indicator indicates the entry into a local uptrend, while the volume shows red candles, which means the advantage of sellers, however, you can see that it is she is very small.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.