BTC/USDT 4h Interval Chart
Hello, I invite everyone to a quick review of BTC to USDT pair, taking into account the four-hour interval. as we can see, the price has moved upwards from the downward trend line.
After unfolding the fib retracement grid, we can determine a strong resistance zone from $62,799 to $64,952, only the upward exit from this zone can give room for an upward movement towards $68,000.
Looking at the second stone, we will determine the support places in a similar way. And here you can see support at the level of $61,000, then the second support level is visible at the price of $59,594, and the next support is at the price of $57,355.
It is worth looking at the RSI indicator here, which shows a strong movement beyond the upper limit, which translates into a loss of growth power and may change the direction of the price.
After unfolding the fib retracement grid, we can determine a strong resistance zone from $62,799 to $64,952, only the upward exit from this zone can give room for an upward movement towards $68,000.
Looking at the second stone, we will determine the support places in a similar way. And here you can see support at the level of $61,000, then the second support level is visible at the price of $59,594, and the next support is at the price of $57,355.
It is worth looking at the RSI indicator here, which shows a strong movement beyond the upper limit, which translates into a loss of growth power and may change the direction of the price.
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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.