Hello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, the price is moving below the local downtrend line.
Let's start with the designation of the support line and as you can see the first support that price just broke is $ 19,023, if the support breaks down, the next support is $ 18,949 and $ 18,877.
Now let's move from the resistance line as you can see the first resistance is $ 19,099, if you can break it the next resistance will be $ 19,169 and $ 19,364.
Looking at the CHOP indicator, we can see that in the 1-hour interval some energy has been used, but we have some to continue moving, while the MACD indicator shows a local uptrend.
Let's start with the designation of the support line and as you can see the first support that price just broke is $ 19,023, if the support breaks down, the next support is $ 18,949 and $ 18,877.
Now let's move from the resistance line as you can see the first resistance is $ 19,099, if you can break it the next resistance will be $ 19,169 and $ 19,364.
Looking at the CHOP indicator, we can see that in the 1-hour interval some energy has been used, but we have some to continue moving, while the MACD indicator shows a local uptrend.