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 uptrend line.
Let's start with the support line and as you can see the first support in the near future is $1636, if the support is broken then the next support is $1603, $1569 and $1522.
Now let's go from the resistance line, as you can see in the first place we have a strong resistance zone from $1673 to $1718, if we manage to break it, the next resistance will be $1743.
Looking at the CHOP indicator, we see that we have a lot of energy for further movement, the MACD remains in a downward trend, while the RSI shows a visible rebound.
Let's start with the support line and as you can see the first support in the near future is $1636, if the support is broken then the next support is $1603, $1569 and $1522.
Now let's go from the resistance line, as you can see in the first place we have a strong resistance zone from $1673 to $1718, if we manage to break it, the next resistance will be $1743.
Looking at the CHOP indicator, we see that we have a lot of energy for further movement, the MACD remains in a downward trend, while the RSI shows a visible rebound.
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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.