Hello everyone, let’s take a look at the BTC to USDT chart over the 4 hour timeframe on 5.09.2022. As you can see, the price is moving below the local downtrend line.
https://www.youtube.com/watch?v=tJpreJN4yIw
Let’s start with the designation of the support line and as you can see the first support in the near future is $ 19,726, if the support breaks down, the next support is $ 19,624, $ 19,521 and $ 19,386.
Now let’s move from the resistance line, as you can see, the first resistance is $ 19803, if you can break it, the next resistance will be $ 19,888, $ 19,916 and $ 19,994.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 4-hour interval, and the MACD indicator shows a local upward trend.
Disclaimer: This 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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