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 has broken above the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $24587, if the support is broken then the next support is $24136, $23795 and $23429.
Now let's move to the resistance line, as you can see the first resistance is $25,112, if you manage to break it, the next resistance will be $25,636, $26,040 and $26,453.
Looking at the CHOP indicator, we see that the energy has been used, the MACD confirms the local uptrend, while the RSI has crossed the upper limit of the range, which indicates a needed price rebound.
Let's start with the support line and as you can see the first support in the near future is $24587, if the support is broken then the next support is $24136, $23795 and $23429.
Now let's move to the resistance line, as you can see the first resistance is $25,112, if you manage to break it, the next resistance will be $25,636, $26,040 and $26,453.
Looking at the CHOP indicator, we see that the energy has been used, the MACD confirms the local uptrend, while the RSI has crossed the upper limit of the range, which indicates a needed price rebound.
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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.