Daily review of ETH interval 4H
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 $1604, if the support is broken then the next support is $1578, $1560 and $1540.
Now let's move to the resistance line, as you can see the first resistance is $1627, if you manage to break it, the next resistance will be $1648, $1674 and $1751.
Looking at the CHOP indicator, we see that we have a lot of energy for the next move, the MACD indicates a local uptrend, while the RSI indicates an uptrend and the upper part of the range.
Let's start with the support line and as you can see the first support in the near future is $1604, if the support is broken then the next support is $1578, $1560 and $1540.
Now let's move to the resistance line, as you can see the first resistance is $1627, if you manage to break it, the next resistance will be $1648, $1674 and $1751.
Looking at the CHOP indicator, we see that we have a lot of energy for the next move, the MACD indicates a local uptrend, while the RSI indicates an uptrend and the upper part of the range.
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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.