Using LRC and EMA as support and resistance levels in BTC-USDTLeast Regression Curves (LRC) and the Exponential Moving Average (EMA), both set to a 50-period, provide reliable dynamic support and resistance levels.
In this 15-minute chart, the current LRC and EMA levels from the 1-hour and 4-hour timeframes are plotted as key levels. When the price is below these levels, they act as resistance, and when it is above, they serve as support.
At present, the price is attempting to break through the 1-hour LRC level, which is likely to act as a resistance. The price may either break through this level or lose momentum, potentially leading to a bearish divergence.
Additionally, there is strong support between the 98,600 and 98,900 levels, where the 4-hour LRC and the 1-hour EMA overlap. Notably, the 4-hour LRC level previously acted as a significant resistance, further highlighting its importance as a potential support zone.
