Daily review of BTC interval 4H
Hello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving in a 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 $23003, if the support is broken then the next support is $22846, $22700 and $22480.
Now let's go from the resistance line, as you can see the first resistance is $23092, if you manage to break it the next resistance will be $23270, $23447 and $23698.
Looking at the CHOP indicator, we see that there is still energy for a new move, the MACD indicates a local downtrend, while the RSI has a rebound and is moving in a downtrend.
Let's start with the support line and as you can see the first support in the near future is $23003, if the support is broken then the next support is $22846, $22700 and $22480.
Now let's go from the resistance line, as you can see the first resistance is $23092, if you manage to break it the next resistance will be $23270, $23447 and $23698.
Looking at the CHOP indicator, we see that there is still energy for a new move, the MACD indicates a local downtrend, while the RSI has a rebound and is moving in a downtrend.
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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.