BTC/USDT 1hInterval Chart Review
Hello everyone, let's take a look at the BTC to USDT chart on the 1 hour time frame. As you can see, the price is starting to break out of the local upward trend line.
After unfolding the trend based fib extension saitka, you can see support at the level of $48,068, then at $47,738, and then at the price of $47,213.
Looking the other way, there is resistance at $48,580, followed by strong resistance at $48,994.
The RSI indicator, similarly to the STOCH indicator, has room for further price recovery.
After unfolding the trend based fib extension saitka, you can see support at the level of $48,068, then at $47,738, and then at the price of $47,213.
Looking the other way, there is resistance at $48,580, followed by strong resistance at $48,994.
The RSI indicator, similarly to the STOCH indicator, has room for further price recovery.