Daily ETH 4HChart - resistance and support
Hello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving above the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $1636, if the support is broken then the next support is $1603, $1569 and $1522.
Now let's go from the resistance line, as you can see in the first place we have a strong resistance zone from $1673 to $1718, if we manage to break it, the next resistance will be $1743.
Looking at the CHOP indicator, we see that we have a lot of energy for further movement, the MACD remains in a downward trend, while the RSI shows a visible rebound.
Let's start with the support line and as you can see the first support in the near future is $1636, if the support is broken then the next support is $1603, $1569 and $1522.
Now let's go from the resistance line, as you can see in the first place we have a strong resistance zone from $1673 to $1718, if we manage to break it, the next resistance will be $1743.
Looking at the CHOP indicator, we see that we have a lot of energy for further movement, the MACD remains in a downward trend, while the RSI shows a visible rebound.
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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.