ETC/USDT 4HInterval Chart Review
Hello everyone, I invite you to review the ETC chart in pair with USDT. First, we will use the yellow line to determine the downward trend from which the price went up and created a local upward trend channel.
Moving forward, we will mark support places. And after unfolding the Fib Retracement grid, you can see support at $23.76, which has held the price several times, then there is support at $21.34, and then you can see strong support at $18.30.
Looking the other way, we see that the price is testing the resistance at $25.83, then there is resistance at $28.40, and then there is a strong resistance zone from $30.22 to $32.50.
There is a visible downward movement on the RSI indicator, but there is still room for growth, while the STOCH indicator also remains at the upper limit, which may potentially result in a price drop.
Moving forward, we will mark support places. And after unfolding the Fib Retracement grid, you can see support at $23.76, which has held the price several times, then there is support at $21.34, and then you can see strong support at $18.30.
Looking the other way, we see that the price is testing the resistance at $25.83, then there is resistance at $28.40, and then there is a strong resistance zone from $30.22 to $32.50.
There is a visible downward movement on the RSI indicator, but there is still room for growth, while the STOCH indicator also remains at the upper limit, which may potentially result in a price drop.