Hello everyone, I invite you to a quick review of ETH to USDT on a one-hour interval. As you can see, the price is moving above the local upward trend line.
As we can see, when the recovery begins, we first see a support zone from $2,685 to $2,664, and then support at $2,604.
Looking the other way, you can see how the price is struggling to enter the resistance zone from $2,757 to $2,803, and then it can give a strong upward impulse to around $2,934.
The RSI indicator shows a movement in the upper part of the range, similarly to the STOCH indicator, however, the movement is above the upper limit, which causes the movement to decelerate.
As we can see, when the recovery begins, we first see a support zone from $2,685 to $2,664, and then support at $2,604.
Looking the other way, you can see how the price is struggling to enter the resistance zone from $2,757 to $2,803, and then it can give a strong upward impulse to around $2,934.
The RSI indicator shows a movement in the upper part of the range, similarly to the STOCH indicator, however, the movement is above the upper limit, which causes the movement to decelerate.