Daily ETH 4HChart - resistance and support
Hello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving above the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $ 1839, if the support is broken then the next support is $ 1809, $ 1784 and $ 1759.
Now let's go to the resistance line, as you can see the first resistance is $ 1883, if it breaks through, the next resistance will be $ 1917, $ 1942 and
$ 1977.
Looking at the CHOP indicator, we see that the collected energy is used for an upward move, the MACD indicates a transition to a local uptrend, and the RSI shows a visible increase, but there is a place for the price to go higher.
Let's start with the support line and as you can see the first support in the near future is $ 1839, if the support is broken then the next support is $ 1809, $ 1784 and $ 1759.
Now let's go to the resistance line, as you can see the first resistance is $ 1883, if it breaks through, the next resistance will be $ 1917, $ 1942 and
$ 1977.
Looking at the CHOP indicator, we see that the collected energy is used for an upward move, the MACD indicates a transition to a local uptrend, and the RSI shows a visible increase, but there is a place for the price to go higher.