Hello everyone, let’s take a look at the Bitcoin (BTC) to USDT chart on a 1 day time frame on 13.09.2022. As you can see, the price is moving below the local uptrend line.
https://www.youtube.com/watch?v=-ne8TZSTgW0
Let’s start with the designation of the support line and as you can see the first support where the price is currently at is $ 20.02, if the support breaks, the next support is $ 19,401 and $ 18,618.
Now let’s move from the resistance line as you can see the first resistance is $ 21,068, if you can break it the next resistance will be $ 21,737, $ 22,223 and $ 22,738.
Looking at the CHOP indicator, we can see that on the 1-day interval, the energy slowly begins to increase, while the MACD indicator shows that despite the decline, we are in an upward trend.
Disclaimer: Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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