Daily review of BTC interval 1H
Hello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price is moving in the local uptrend channel.
Let's start with the support line and as you can see the first support in the near future is $23542, if the support is broken then the next support is $23364, $23124 and $22810.
Now let's go to the resistance line, as you can see the first resistance is $23635, if you manage to break it, the next resistance will be $23893, $24099 and $24315.
Looking at the CHOP indicator, we see that there is a lot of energy that is being used for the current increase, the MACD is on the verge of entering a local uptrend, while the RSI indicates a rebound and room for further increases.
Let's start with the support line and as you can see the first support in the near future is $23542, if the support is broken then the next support is $23364, $23124 and $22810.
Now let's go to the resistance line, as you can see the first resistance is $23635, if you manage to break it, the next resistance will be $23893, $24099 and $24315.
Looking at the CHOP indicator, we see that there is a lot of energy that is being used for the current increase, the MACD is on the verge of entering a local uptrend, while the RSI indicates a rebound and room for further increases.
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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.