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 in a triangle marked with yellow lines.
Let's start with setting the support line and as you can see the first support on which the price is currently based is $1210, if the support is broken then the next support is $1119, $1049 and $977.
Now let's go from the resistance line, as you can see the first resistance is $1260, if you manage to break it, the next resistance will be $1318, $1377 and $1460.
Looking at the CHOP indicator, we see that the energy has been used up in the 4-hour interval, while the MACD indicator indicates a local downtrend.
Let's start with setting the support line and as you can see the first support on which the price is currently based is $1210, if the support is broken then the next support is $1119, $1049 and $977.
Now let's go from the resistance line, as you can see the first resistance is $1260, if you manage to break it, the next resistance will be $1318, $1377 and $1460.
Looking at the CHOP indicator, we see that the energy has been used up in the 4-hour interval, while the MACD indicator indicates a local downtrend.
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