ETH/USDT 1H Interval
Hello everyone, I invite you to review the chart of ETH in pair to USDT, also on an hourly interval. As we can see, the price is moving along the local downtrend line.
Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and as you can see we first have a support range from $1628 to $1601, a second support at $1573, a third at $1533 and then we have a strong support at $1483.
Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here the price faces a strong resistance zone from $1685 to $1712, and when we break above this zone ETH has to break the resistance at $1747.
When we turn on the EMA Cross 10 and 30, we can see that the red line of the ema cross 10 is approaching to intersect the green lines of the ema corss 30 from below, indicating a return to the local uptrend.
The CHOP index indicates that there is more and more energy in the current movement. On the RSI indicator we have a visible increase with room for the price to go a little higher, while the STOCH indicator also indicates that we can see the price increase.
Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and as you can see we first have a support range from $1628 to $1601, a second support at $1573, a third at $1533 and then we have a strong support at $1483.
Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here the price faces a strong resistance zone from $1685 to $1712, and when we break above this zone ETH has to break the resistance at $1747.
When we turn on the EMA Cross 10 and 30, we can see that the red line of the ema cross 10 is approaching to intersect the green lines of the ema corss 30 from below, indicating a return to the local uptrend.
The CHOP index indicates that there is more and more energy in the current movement. On the RSI indicator we have a visible increase with room for the price to go a little higher, while the STOCH indicator also indicates that we can see the price increase.
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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.