Hello everyone, let's take a look at the 1 hour BTC to USDT chart as you can see the price is moving along the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 20,761, if the support breaks, the next ones are $ 20,572, $ 20,413, $ 20,277 and $ 20,557.
Now let's move from the resistance line, as you can see, the first resistance is $ 20,980 which price is currently struggling with, if it can be broken the next resistance will be $ 21,306 and $ 21,714.
Looking at the CHOP indicator, we can see that some energy has been used in the 1 hour interval, but we still have another move, while the MACD indicates a local 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 $ 20,761, if the support breaks, the next ones are $ 20,572, $ 20,413, $ 20,277 and $ 20,557.
Now let's move from the resistance line, as you can see, the first resistance is $ 20,980 which price is currently struggling with, if it can be broken the next resistance will be $ 21,306 and $ 21,714.
Looking at the CHOP indicator, we can see that some energy has been used in the 1 hour interval, but we still have another move, while the MACD indicates a local upward trend.