BTC/USDT 1HInterval Review
Hello everyone, let's take a look at the BTC to USDT chart on a one hour timeframe. As you can see, the price is moving below the local downtrend line.
After unfolding the trend based fib extension mesh, we see that the first support is at $25,492, then we have the second support at $25,084, and then the third support at $24,749.
Looking the other way, you can immediately see the resistance zone from $25,858 to $26,181, then we have an area that the price quickly goes back and forth, and then a strong resistance zone from $27,082 to $27,557.
Looking at the CHOP indicator, we see that there is energy to make a move, on the RSI we are moving around the middle of the range, however, looking at the STOCH indicator, we can expect an attempt to pull the price down.
After unfolding the trend based fib extension mesh, we see that the first support is at $25,492, then we have the second support at $25,084, and then the third support at $24,749.
Looking the other way, you can immediately see the resistance zone from $25,858 to $26,181, then we have an area that the price quickly goes back and forth, and then a strong resistance zone from $27,082 to $27,557.
Looking at the CHOP indicator, we see that there is energy to make a move, on the RSI we are moving around the middle of the range, however, looking at the STOCH indicator, we can expect an attempt to pull the price down.
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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.