BTC/USDT Short-Term 1H Interval
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 below the local downtrend line.
Let's start with setting the support line and as you can see the price stays in the support zone from $26063 to $25999, while we still have support at $25815.
Now let's move on to price resistance and here too we can mark the resistance zone from $26080 to $26133, then resistance at $26202 and then strong resistance at $26396.
Looking at the CHOP indicator we see that there is still energy for the move, on the RSI we have a rebound and room for further growth, while on the stoch indicator we also see that there is room for the price to go higher in this move.
Let's start with setting the support line and as you can see the price stays in the support zone from $26063 to $25999, while we still have support at $25815.
Now let's move on to price resistance and here too we can mark the resistance zone from $26080 to $26133, then resistance at $26202 and then strong resistance at $26396.
Looking at the CHOP indicator we see that there is still energy for the move, on the RSI we have a rebound and room for further growth, while on the stoch indicator we also see that there is room for the price to go higher in this move.
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