BTC/USDT 1HInterval Chart
Hello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price moved sideways from the local downtrend line.
When we unfold the Fib Retracement grid, we see a support zone from $36,361 to $35,976, then there is support at $35,432, and then at $34,742.
Looking the other way, we have a visible resistance zone from $36,724 to $37,021, and then a strong zone from $37,421 to $37,958.
Looking at the CHOP indicator, we see that energy is being collected again, the RSI indicator shows an upward trend, and despite there being room for further growth, when we look at the STOCH indicator, we can see that we are rapidly approaching the upper limit, which may limit further increases.
When we unfold the Fib Retracement grid, we see a support zone from $36,361 to $35,976, then there is support at $35,432, and then at $34,742.
Looking the other way, we have a visible resistance zone from $36,724 to $37,021, and then a strong zone from $37,421 to $37,958.
Looking at the CHOP indicator, we see that energy is being collected again, the RSI indicator shows an upward trend, and despite there being room for further growth, when we look at the STOCH indicator, we can see that we are rapidly approaching the upper limit, which may limit further increases.
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