BTC/USDT 1D chart review
Hello everyone, let's look at the 1D BTC to USDT chart, in this situation we can see how the price is moving in a local downtrend channel where the price bounced from the upper border of the channel and quickly started to recover.
Let's now start by defining a stop-loss in case of further declines in the market and you can see how the price rebounded from the first support at the level:
SL1 = $94285
SL2 = $92209
SL3 = $89,541
SL4 = $85,924
Let's now move on to defining the goals for the near future that the price must face:
T1 = $97131
T2 = $100036
T3 = $103179
T4 = $105491
Looking at the RSI indicator, we see that there is still room to continue the recovery, and such a situation could bring the price to around $89,000.
Let's now start by defining a stop-loss in case of further declines in the market and you can see how the price rebounded from the first support at the level:
SL1 = $94285
SL2 = $92209
SL3 = $89,541
SL4 = $85,924
Let's now move on to defining the goals for the near future that the price must face:
T1 = $97131
T2 = $100036
T3 = $103179
T4 = $105491
Looking at the RSI indicator, we see that there is still room to continue the recovery, and such a situation could bring the price to around $89,000.
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