Hello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price is getting closer to leaving the triangle and taking a direction.
When we unfold the fib retracement grid, we can see a fight against strong resistance at the level of $43,033, and then we can see the zone from $43,454 to $43,989.
Looking the other way, there is support at $42,579, followed by a support zone from $41,882 to $41,504.
On the RSI indicator we are returning to the middle of the range, while on the STOCH indicator we are again approaching the upper limit, which may result in a new price recovery.
When we unfold the fib retracement grid, we can see a fight against strong resistance at the level of $43,033, and then we can see the zone from $43,454 to $43,989.
Looking the other way, there is support at $42,579, followed by a support zone from $41,882 to $41,504.
On the RSI indicator we are returning to the middle of the range, while on the STOCH indicator we are again approaching the upper limit, which may result in a new price recovery.