BTC/USDT 1D chart review
Hello everyone, let's look at the 1D BTC to USDT chart, in this situation we can see how the price is moving in a local downtrend channel where the price bounced from the upper border of the channel and quickly started to recover.
Let's now start by defining a stop-loss in case of further declines in the market and you can see how the price rebounded from the first support at the level:
SL1 = $94285
SL2 = $92209
SL3 = $89,541
SL4 = $85,924
Let's now move on to defining the goals for the near future that the price must face:
T1 = $97131
T2 = $100036
T3 = $103179
T4 = $105491
Looking at the RSI indicator, we see that there is still room to continue the recovery, and such a situation could bring the price to around $89,000.
Let's now start by defining a stop-loss in case of further declines in the market and you can see how the price rebounded from the first support at the level:
SL1 = $94285
SL2 = $92209
SL3 = $89,541
SL4 = $85,924
Let's now move on to defining the goals for the near future that the price must face:
T1 = $97131
T2 = $100036
T3 = $103179
T4 = $105491
Looking at the RSI indicator, we see that there is still room to continue the recovery, and such a situation could bring the price to around $89,000.
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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.