BTC/USDT 1H Interval Review
Hello everyone, let's look at the BTC to USDT chart on a single day timeframe. As you can see, the price is moving below the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $25757, if the support is broken then the next support is $25693, and then there is the support zone from $25631 to $25540.
Now let's move to the resistance line, as you can see the first resistance is $25833, if you manage to break it, the next resistance will be $25898, $25951 and then the resistance zone from $26005 to $26081.
Looking at the CHOP indicator, we see that there is a lot of energy for the move, on the RSI we have another rebound with room for the price to go lower, and on the STOCH indicator you can see the use of energy for the current price decrease.
Let's start with the support line and as you can see the first support in the near future is $25757, if the support is broken then the next support is $25693, and then there is the support zone from $25631 to $25540.
Now let's move to the resistance line, as you can see the first resistance is $25833, if you manage to break it, the next resistance will be $25898, $25951 and then the resistance zone from $26005 to $26081.
Looking at the CHOP indicator, we see that there is a lot of energy for the move, on the RSI we have another rebound with room for the price to go lower, and on the STOCH indicator you can see the use of energy for the current price decrease.
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