ETH/USDT 1H Interval Review Short-Term
Hello everyone, let's look at the ETH to USDT chart on one hour time frame, as you can see the price is moving below the local downtrend line.
After unfolding the trend based fib extension grid, we see that the price is at an important support zone from $ 1896 to $ 1889, then we have support at $ 1879.
Now let's go from the resistance line, as you can see the first resistance is $1912 if you manage to break it then we have a resistance zone from $1923 to $1932.
The CHOP index indicates that there is some energy left for a further move, the MACD indicates a return to the local downtrend, and the RSI has a rebound to the lower part of the range, but there is room for the price to go lower.
After unfolding the trend based fib extension grid, we see that the price is at an important support zone from $ 1896 to $ 1889, then we have support at $ 1879.
Now let's go from the resistance line, as you can see the first resistance is $1912 if you manage to break it then we have a resistance zone from $1923 to $1932.
The CHOP index indicates that there is some energy left for a further move, the MACD indicates a return to the local downtrend, and the RSI has a rebound to the lower part of the range, but there is room for the price to go lower.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.