Daily review of BTC interval 1H
Hello everyone, let's look at the BTC to USDT chart on a 1-hour time frame. As you can see, the price is moving in a triangle marked with blue lines where it is approaching the exit.
Let's start with the support line and as you can see the first support in the near future is the support zone from $16952 to $16927, if the support is broken then the next support is $16903 and $16870.
Now let's go from the resistance line, as you can see the first resistance is $16969, if you manage to break it, the next resistance will be $17021, $17064 and $17105.
Looking at the CHOP indicator, we see that we have a lot of energy to make a move, the MACD indicates a local downtrend, while the RSI turns up.
Let's start with the support line and as you can see the first support in the near future is the support zone from $16952 to $16927, if the support is broken then the next support is $16903 and $16870.
Now let's go from the resistance line, as you can see the first resistance is $16969, if you manage to break it, the next resistance will be $17021, $17064 and $17105.
Looking at the CHOP indicator, we see that we have a lot of energy to make a move, the MACD indicates a local downtrend, while the RSI turns up.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.