BTC/USDT 1H Chart
Hello everyone, let's take a look at the BTC to USDT chart for one hour. As you can see, the price is struggling to maintain the downtrend line.
After unfolding the Trend based fib extension grid, you can see a strong support zone from the level of $37,011 to the level of $36,673, with a larger decline, the price should have support at the level of $35,735.
Looking the other way, we can see that the level of $37,428 is reducing the price, but we still have a strong resistance zone from $37,866 to $38,183.
Looking at the CHOP indicator, we see that there is energy for a continuation of the movement, the RSI indicator is moving in a sideways trend, while the STOCH indicator indicates a possible price drop.
After unfolding the Trend based fib extension grid, you can see a strong support zone from the level of $37,011 to the level of $36,673, with a larger decline, the price should have support at the level of $35,735.
Looking the other way, we can see that the level of $37,428 is reducing the price, but we still have a strong resistance zone from $37,866 to $38,183.
Looking at the CHOP indicator, we see that there is energy for a continuation of the movement, the RSI indicator is moving in a sideways trend, while the STOCH indicator indicates a possible price drop.
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