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 above the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $17979, if the support is broken then the next support is $17934, $17885 and $17825.
Now let's go from the resistance line, as you can see the first resistance is $18054, if you manage to break it, the next resistance will be $18183 , $18317 and $18505.
Looking at the CHOP indicator, we see that in the 4-hour interval, most of the energy has been used, the MACD indicator indicates a local uptrend, and the RSI is very high, which may indicate a local price correction.
Let's start with the support line and as you can see the first support in the near future is $17979, if the support is broken then the next support is $17934, $17885 and $17825.
Now let's go from the resistance line, as you can see the first resistance is $18054, if you manage to break it, the next resistance will be $18183 , $18317 and $18505.
Looking at the CHOP indicator, we see that in the 4-hour interval, most of the energy has been used, the MACD indicator indicates a local uptrend, and the RSI is very high, which may indicate a local price correction.
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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.