BTC GAINS ENERGY AND BEGINS A GROWING TREND
Hello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price is moving in the uptrend channel marked by the blue lines.
Let's start by determining the line of support with the Trend-Based Fib Extension tool and as you can see the first support in the near future is $ 40,737, if the support breaks down, the next one is $ 39,343 and $ 38,144.
Now let's move from the resistance line as you can see the first resistance is $ 42,594, if you can break it the next resistance will be $ 43,832 and $ 45,071.
Looking at the CHOP indicator, we can see that in the 1-day interval we are starting to gain more and more energy, and the MACD indicator shows that an upward trend has started.
Let's start by determining the line of support with the Trend-Based Fib Extension tool and as you can see the first support in the near future is $ 40,737, if the support breaks down, the next one is $ 39,343 and $ 38,144.
Now let's move from the resistance line as you can see the first resistance is $ 42,594, if you can break it the next resistance will be $ 43,832 and $ 45,071.
Looking at the CHOP indicator, we can see that in the 1-day interval we are starting to gain more and more energy, and the MACD indicator shows that an upward trend has started.
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