ETH/USDT 1H Interval Review Short-Term
Hello everyone, let's look at the ETH to USDT chart on one hour time frame, as you can see the price is moving below the local downtrend line.
After unfolding the trend based fib extension grid, we see that the price is at an important support zone from $ 1896 to $ 1889, then we have support at $ 1879.
Now let's go from the resistance line, as you can see the first resistance is $1912 if you manage to break it then we have a resistance zone from $1923 to $1932.
The CHOP index indicates that there is some energy left for a further move, the MACD indicates a return to the local downtrend, and the RSI has a rebound to the lower part of the range, but there is room for the price to go lower.
After unfolding the trend based fib extension grid, we see that the price is at an important support zone from $ 1896 to $ 1889, then we have support at $ 1879.
Now let's go from the resistance line, as you can see the first resistance is $1912 if you manage to break it then we have a resistance zone from $1923 to $1932.
The CHOP index indicates that there is some energy left for a further move, the MACD indicates a return to the local downtrend, and the RSI has a rebound to the lower part of the range, but there is room for the price to go lower.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.