ETH 4H Review Chart
Hello everyone, I invite you to review the chart of ETH in pair to USDT, also on a four-hour interval. First, we will use the yellow lines to mark the local triangle in which the price is moving.
Now let's move on to marking the places of support. We will use the trenf based fib extension tool to mark the supports, and as you can see, we first have a support zone from $1847 to $1838, then we have a second zone from $1828 to $1815, and then a strong support at $1798.
Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here you can see that the price has no strength to go through the resistance zone from $1851 to $1863, then we have resistance at $1872, another at $1881 and a very strong resistance at $1894.
The CHOP index indicates that there is still energy for movement. On the RSI, we stay around the middle of the range, while the STOCH indicator has the energy for the price to make a downward move.
Now let's move on to marking the places of support. We will use the trenf based fib extension tool to mark the supports, and as you can see, we first have a support zone from $1847 to $1838, then we have a second zone from $1828 to $1815, and then a strong support at $1798.
Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here you can see that the price has no strength to go through the resistance zone from $1851 to $1863, then we have resistance at $1872, another at $1881 and a very strong resistance at $1894.
The CHOP index indicates that there is still energy for movement. On the RSI, we stay around the middle of the range, while the STOCH indicator has the energy for the price to make a downward move.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.