Hello everyone, let's take a look at the ETH to USDT chart on a 1 hour time frame. As you can see, the price is starting to break out of the local upward trend line.
After expanding the Fib Retracement tool, we see that the price is just below the strong support at $1,639, then we have a second support at $1,606, and then we can see a decline to the support level of $1,562.
Looking the other way, we see that first there is a resistance zone from $1,656 to $1,677, then we have resistance at $1,693, and then a second resistance zone from $1,710 to $1,733.
Looking at the CHOP indicator, we see that energy is slowly being collected, the STOCH indicator again shows a strong use of energy for a price drop, while on the RSI, each rebound ends with a stronger downward reaction.
After expanding the Fib Retracement tool, we see that the price is just below the strong support at $1,639, then we have a second support at $1,606, and then we can see a decline to the support level of $1,562.
Looking the other way, we see that first there is a resistance zone from $1,656 to $1,677, then we have resistance at $1,693, and then a second resistance zone from $1,710 to $1,733.
Looking at the CHOP indicator, we see that energy is slowly being collected, the STOCH indicator again shows a strong use of energy for a price drop, while on the RSI, each rebound ends with a stronger downward reaction.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.