Daily ETH 1DChart - resistance and support
Hello everyone, I invite you to review the chart of ETH in pair to USDT, also on a one-day interval. First, we will use the yellow line to mark the uptrend line above which the price is currently holding.
Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark support, and as you can see, it is worth marking the strong support zone from $ 1757 to $ 1666 in the first place, but when the price drops below the zone, we can see a drop around $ 1533..
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 significant resistance zone from $1989 to $2054, then a strong resistance at $2142, only after breaking above this resistance will the price move towards $2391.
The CHOP index indicates that most of the energy has been used. The MACD indicator is in a downtrend. On the other hand, on the RSI we are moving around the middle of the range, which may cause the price to break down towards the previously mentioned support zone.
Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark support, and as you can see, it is worth marking the strong support zone from $ 1757 to $ 1666 in the first place, but when the price drops below the zone, we can see a drop around $ 1533..
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 significant resistance zone from $1989 to $2054, then a strong resistance at $2142, only after breaking above this resistance will the price move towards $2391.
The CHOP index indicates that most of the energy has been used. The MACD indicator is in a downtrend. On the other hand, on the RSI we are moving around the middle of the range, which may cause the price to break down towards the previously mentioned support zone.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.