BTC/USDT 4H Interval Review Chart
Hello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the interval of four hours. First, we will use the blue lines to mark the local downtrend channel from which the price exited at the bottom and entered the downtrend channel.
Now we can move on to marking the places of support in the event of a correction. And here in the first place it is worth marking the support zone from $29397 to $29196, however, when we fall below this zone, we can see a drop to around $28910, and then we have strong support at $28534.
Looking the other way, we can determine the places of resistance in a similar way. We will first mark the resistance zone from $29,806 to $30,208, when we manage to break it, we have strong resistance at $30,598. Once the first strong resistance is overcome, we continue to have resistance at $31,149, and then there is resistance at $31,863.
Please pay attention to the CHOP index, which indicates that there is still energy for movement, the RSI indicator confirms the local sideways trend, but there is still room for the price to go lower, while the STOCH indicator shows that the energy for this moment has been used, which may affect the price rebound.
Now we can move on to marking the places of support in the event of a correction. And here in the first place it is worth marking the support zone from $29397 to $29196, however, when we fall below this zone, we can see a drop to around $28910, and then we have strong support at $28534.
Looking the other way, we can determine the places of resistance in a similar way. We will first mark the resistance zone from $29,806 to $30,208, when we manage to break it, we have strong resistance at $30,598. Once the first strong resistance is overcome, we continue to have resistance at $31,149, and then there is resistance at $31,863.
Please pay attention to the CHOP index, which indicates that there is still energy for movement, the RSI indicator confirms the local sideways trend, but there is still room for the price to go lower, while the STOCH indicator shows that the energy for this moment has been used, which may affect the price rebound.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.