BTC/USDT 1H Interval 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 has returned below the local uptrend line.
Let's start with the support line and as you can see the first support at which the price is located is $26089, then the second at $25912, the third at $25667, and then the fourth very strong support at $25354.
Looking the other way, we see first resistance at $26,352, then resistance at $26,439, third at $26,531, and then resistance from $26,659 to $26,823.
Looking at the CHOP indicator, we see that the energy has been used to decrease the price, on the RSI we have a rebound with a place for the price to go lower, while the STOCH indicator indicates that the energy in this move has been used, which may stop the price drop.
Let's start with the support line and as you can see the first support at which the price is located is $26089, then the second at $25912, the third at $25667, and then the fourth very strong support at $25354.
Looking the other way, we see first resistance at $26,352, then resistance at $26,439, third at $26,531, and then resistance from $26,659 to $26,823.
Looking at the CHOP indicator, we see that the energy has been used to decrease the price, on the RSI we have a rebound with a place for the price to go lower, while the STOCH indicator indicates that the energy in this move has been used, which may stop the price drop.
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