Hello everyone, I invite you to a short review of the BTC situation in a pair to USDT on a 1-day interval and here we can mark a triangle in which the price moves.
Using the fib retracement tool, we can set support and here we see that we first have a strong support zone from $16582 to $16139 which coincides with FIB 0.61 and FIB 0.78, then we have support at $15591.
On the other hand, we can see that we have strong resistance in the zone from $ 18529 to $ 19233, it coincides with the level of 0.5 FIB and 0.61 FIB.
As you can see on the CHOP index on the 1-day interval, the energy is exhausted, while the MACD confirms that we are moving in a downtrend.
Using the fib retracement tool, we can set support and here we see that we first have a strong support zone from $16582 to $16139 which coincides with FIB 0.61 and FIB 0.78, then we have support at $15591.
On the other hand, we can see that we have strong resistance in the zone from $ 18529 to $ 19233, it coincides with the level of 0.5 FIB and 0.61 FIB.
As you can see on the CHOP index on the 1-day interval, the energy is exhausted, while the MACD confirms that we are moving in a downtrend.