ETH/USDT 4HInterval Review
Hello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price has broken out of the local downtrend line.
Let's start with the support line and as you can see the first support that held the price is $1867, if the support is broken then the next support is $1822, $1786 and then there is the support zone from $1751 to $1699.
Now let's move to the resistance line, as you can see the first resistance is $1932, if you manage to break it, the next resistance will be $1979, $2017 and $2054.
Looking at the CHOP indicator, we see that we have a lot of energy for the upcoming move, MACD indicates a local downtrend, while the RSI, despite small price movements, recovers nicely, which will give room for further increases.
Let's start with the support line and as you can see the first support that held the price is $1867, if the support is broken then the next support is $1822, $1786 and then there is the support zone from $1751 to $1699.
Now let's move to the resistance line, as you can see the first resistance is $1932, if you manage to break it, the next resistance will be $1979, $2017 and $2054.
Looking at the CHOP indicator, we see that we have a lot of energy for the upcoming move, MACD indicates a local downtrend, while the RSI, despite small price movements, recovers nicely, which will give room for further increases.
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