Hello everyone, let's take a look at the ETH to USDT chart on a short time frame of 15 minutes. As you can see, the price is approaching the exit of the triangle.
When we unfold the Fib Retracement grid, we can see that we have a strong support zone from $1,775 to $1,760, which should be monitored because a break from the bottom may mean further declines.
Looking the other way, you can see the resistance zone from $1,818 to $1,839, and then the resistance at $1,865, only when the price breaks it will it be able to go further up.
Looking at the CHOP indicator, we see that there is still energy for a move, on the RSI we are still moving around the middle of the range, but the STOCH indicator shows that we are reaching the upper limit, which may result in another price recovery.
When we unfold the Fib Retracement grid, we can see that we have a strong support zone from $1,775 to $1,760, which should be monitored because a break from the bottom may mean further declines.
Looking the other way, you can see the resistance zone from $1,818 to $1,839, and then the resistance at $1,865, only when the price breaks it will it be able to go further up.
Looking at the CHOP indicator, we see that there is still energy for a move, on the RSI we are still moving around the middle of the range, but the STOCH indicator shows that we are reaching the upper limit, which may result in another price recovery.