BTC/USDT 4H Review Chart
Hello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving in the downtrend channel.
Today we could see a strong downward movement in the price and in this situation the price fell below the strong support and now we have support at $26894 and then we have strong support at $25547.
Now let's go from the resistance line, as you can see the first resistance is $29190, if you manage to break it the next resistance will be $30197 and then we have a resistance zone from $31046 to $31894.
When we look at the CHOP index and the RSI and STOCH indicators, we can see that in the four-hour interval, the energy on each indicator was heavily depleted.
Today we could see a strong downward movement in the price and in this situation the price fell below the strong support and now we have support at $26894 and then we have strong support at $25547.
Now let's go from the resistance line, as you can see the first resistance is $29190, if you manage to break it the next resistance will be $30197 and then we have a resistance zone from $31046 to $31894.
When we look at the CHOP index and the RSI and STOCH indicators, we can see that in the four-hour interval, the energy on each indicator was heavily depleted.
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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.