Daily review of ETH interval 4H
Hello everyone, let's look at the ETH to USDT chart on the four hour time frame. As you can see, the price is moving below the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $1170, if the support is broken then the next support is $1152, $1137 and $1122.
Now let's go from the resistance line, as you can see the first resistance is $1182, if you manage to break it, the next resistance will be $1199, $1212 and $1225.
Looking at the CHOP indicator, we see that in the four-hour interval, the energy is gaining strength, the MACD indicates entering a local uptrend, while the RSI is at the lower limit, which may indicate a small price rebound.
Let's start with the support line and as you can see the first support in the near future is $1170, if the support is broken then the next support is $1152, $1137 and $1122.
Now let's go from the resistance line, as you can see the first resistance is $1182, if you manage to break it, the next resistance will be $1199, $1212 and $1225.
Looking at the CHOP indicator, we see that in the four-hour interval, the energy is gaining strength, the MACD indicates entering a local uptrend, while the RSI is at the lower limit, which may indicate a small price rebound.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.