Hello everyone, let’s take a look at the Bitcoin (BTC) to USDT chart on a 1 day time frame on 14.09.2022. As you can see, price is moving above the local uptrend line.
Let’s start with the designation of the support line and as you can see the first support in the near future is $ 20107, if the support breaks down, the next support is $ 19,375 and $ 18,442.
Now let’s move from the resistance line as you can see the first resistance is $ 20,501, if you can break it the next resistance will be $ 20,938, $ 21,294 and $ 21,666.
Looking at the CHOP indicator, we can see that most of the energy has been used in the 1-day interval, while the MACD indicator shows that we are maintaining an upward trend.
Disclaimer: 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.
