ETH/USDT 1HInterval Review
Hello everyone, let's look at the ETH to USDT chart on a one hour timeframe. As you can see, the price is staying above the local uptrend line.
When we unfold the trend based fib extension grid, we see that the price is in the support zone from $ 1873 to $ 1853, while we can mark the second zone from $ 1822 to $ 1799.
Looking the other way, we see that the price is before a strong resistance at $1888, and then we have a very strong resistance at $1927.
The CHOP index indicates that there is energy to move, the MACD indicates that we remain in a local downtrend, while the RSI has rebounded to the lower part of the range, which should give room for price growth.
When we unfold the trend based fib extension grid, we see that the price is in the support zone from $ 1873 to $ 1853, while we can mark the second zone from $ 1822 to $ 1799.
Looking the other way, we see that the price is before a strong resistance at $1888, and then we have a very strong resistance at $1927.
The CHOP index indicates that there is energy to move, the MACD indicates that we remain in a local downtrend, while the RSI has rebounded to the lower part of the range, which should give room for price growth.