Daily ETH 1DChart - resistance and support
Hello everyone, I invite you to review the chart of ETH in pair to USDT, taking into account the one-day interval. As we can see, the price broke the main downtrend line and then exited the downtrend channel above. We are currently moving in a new uptrend channel.
Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the support, and as you can see we have the first support at $ 1841, when the price goes lower we have a strong support zone from $ 1658 to $ 1507 and then we have support at $ 1364.
Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first very strong resistance at the price of $ 2236, when the price goes up and positively tests it, the second resistance will be encountered at the price of $ 2558, then the third resistance at the price of $ 3010, and the next fourth resistance at the price of $ 3585.
It is worth paying attention to the EMA Cross 50 and 200, which indicate the place of return to an uptrend after a long-term downward trend.
The CHOP index indicates that the energy has been used. The MACD indicator indicates an ongoing uptrend. On the other hand, on the RSI we have crossed the upper border of the range, which may weaken the further increase in the price and give some moments of rest.
Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the support, and as you can see we have the first support at $ 1841, when the price goes lower we have a strong support zone from $ 1658 to $ 1507 and then we have support at $ 1364.
Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first very strong resistance at the price of $ 2236, when the price goes up and positively tests it, the second resistance will be encountered at the price of $ 2558, then the third resistance at the price of $ 3010, and the next fourth resistance at the price of $ 3585.
It is worth paying attention to the EMA Cross 50 and 200, which indicate the place of return to an uptrend after a long-term downward trend.
The CHOP index indicates that the energy has been used. The MACD indicator indicates an ongoing uptrend. On the other hand, on the RSI we have crossed the upper border of the range, which may weaken the further increase in the price and give some moments of rest.
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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.