BTCUSDT 4H Review!
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 above the local uptrend line.
When we unfold the trend based fib extension grid, we see that the first support is at $29232, then we have strong support at $29148 and the third at $29042.
Looking the other way, the first resistance the price is below is $29292, then the second resistance at $29360, the third at $29415 and then we have a strong resistance zone from $29472 to $29550.
The CHOP index indicates that there is energy for a move, the RSI is near the middle of the range, and the STOCH index indicates that downward movements are stronger, which may pull the price lower.
When we unfold the trend based fib extension grid, we see that the first support is at $29232, then we have strong support at $29148 and the third at $29042.
Looking the other way, the first resistance the price is below is $29292, then the second resistance at $29360, the third at $29415 and then we have a strong resistance zone from $29472 to $29550.
The CHOP index indicates that there is energy for a move, the RSI is near the middle of the range, and the STOCH index indicates that downward movements are stronger, which may pull the price lower.
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