Hello everyone, let’s take a look at the BTC to USDT chart over a 1 day timeframe on 06.09.2022. As you can see, the price is moving below the local downtrend line.
https://www.youtube.com/watch?v=DePyM391AoY
Let’s start with the designation of the support line and as you can see the first support in the near future is $ 18,863, if the support breaks down, the next support is $ 17,721 and $ 16,947.
Now let’s move from the resistance line as you can see the first resistance is $ 20,571, if you can break it the next resistance will be $ 21,703 and $ 22,552.
Looking at the CHOP indicator, we can see that in the 1-day interval some energy has been used, and the MACD indicator indicates that we are still in an upward trend, but we are approaching a downward trend.
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