Hello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price is moving below the downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 27,744, if the support breaks down, the next one is $ 26,710 and $ 23,791.
Now let's move from the resistance line as you can see the first resistance is $ 29,850, if you can break it the next resistance will be $ 31,772 and $ 33,398.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, looking at the MACD indicator, we see that the blue line is above the red line, however, if it crosses the red line from the top, it will confirm the continuation of the downward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 27,744, if the support breaks down, the next one is $ 26,710 and $ 23,791.
Now let's move from the resistance line as you can see the first resistance is $ 29,850, if you can break it the next resistance will be $ 31,772 and $ 33,398.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, looking at the MACD indicator, we see that the blue line is above the red line, however, if it crosses the red line from the top, it will confirm the continuation of the downward trend.