Hello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price has moved upwards from the triangle marked with yellow lines.
Let's start with the support line and as you can see the first support in the near future is $16361, if the support is broken then the next support is $16161, $15998 and 15829.
Now let's go from the resistance line, as you can see the first resistance is $16766, if you manage to break it, the next resistance will be $16934, $17086 and $17228.
Looking at the CHOP indicator, we see that in the 4-hour interval, the energy slowly begins to fall, and the MACD indicator indicates a local uptrend.
Let's start with the support line and as you can see the first support in the near future is $16361, if the support is broken then the next support is $16161, $15998 and 15829.
Now let's go from the resistance line, as you can see the first resistance is $16766, if you manage to break it, the next resistance will be $16934, $17086 and $17228.
Looking at the CHOP indicator, we see that in the 4-hour interval, the energy slowly begins to fall, and the MACD indicator indicates a local uptrend.