Hello everyone, let's take a look at the ETH to USDT chart on a 15 minute time frame. As you can see, the price broke below the local upward trend line.
After unfolding the Fib Retracement grid, we can see the current support at $2007, and then we have a strong support zone from $1973 to $1930.
Looking the other way, there is resistance at $2,050, then at $2,082, and then a strong resistance zone from $2,105 to $2,134.
Looking at the CHOP indicator, we see that there is a lot of energy for the move, and there is still room for the price to fall a little lower on the RSI.
After unfolding the Fib Retracement grid, we can see the current support at $2007, and then we have a strong support zone from $1973 to $1930.
Looking the other way, there is resistance at $2,050, then at $2,082, and then a strong resistance zone from $2,105 to $2,134.
Looking at the CHOP indicator, we see that there is a lot of energy for the move, and there is still room for the price to fall a little lower on the RSI.