Hello everyone, let's take a look at the BTC to USDT chart over the 1 day timeframe as we are seeing movements in the local uptrend channel.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 22,696, if the support breaks down, the next support is $ 22,243 and $ 21,520.
Now let's move from the resistance line as the first resistance is $ 23,255, if you can break it the next resistance will be $ 23,512, $ 23,796 and $ 24,212.
Looking at the CHOP indicator we can see that on the 1 day timeframe the CHOP indicator shows that we still have a lot of energy and the MACD indicator shows a downward trend in line with the price movement.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 22,696, if the support breaks down, the next support is $ 22,243 and $ 21,520.
Now let's move from the resistance line as the first resistance is $ 23,255, if you can break it the next resistance will be $ 23,512, $ 23,796 and $ 24,212.
Looking at the CHOP indicator we can see that on the 1 day timeframe the CHOP indicator shows that we still have a lot of energy and the MACD indicator shows a downward trend in line with the price movement.