Hello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving in the lower part of the downtrend channel.
Let's start with the support line and as you can see the first support in the near future is $21954, if the support is broken then the next support is $21833 and $21738 .
Now let's move on to the resistance line, as you can see the first resistance is $22014, if you manage to break it the next resistance will be $22115 and $22198.
Looking at the CHOP indicator, we see that we still have the energy to move, the MACD indicates entering a local downtrend, while the RSI is moving at the lower end of the range, which can potentially give a change in the trend.
Let's start with the support line and as you can see the first support in the near future is $21954, if the support is broken then the next support is $21833 and $21738 .
Now let's move on to the resistance line, as you can see the first resistance is $22014, if you manage to break it the next resistance will be $22115 and $22198.
Looking at the CHOP indicator, we see that we still have the energy to move, the MACD indicates entering a local downtrend, while the RSI is moving at the lower end of the range, which can potentially give a change in the trend.