ETH/USDT 4H Interval Review
Hello everyone, let's take a look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving below the local downtrend line.
After unfolding the Trend Based Fib Extension grid, we see that the price stays in the support zone from $ 1636 to $ 1614, then there is the second zone from $ 1597 to $ 1581, and then support at $ 1556.
Looking the other way, we see that the first support is at $1650, the second is at $1665, the third is at $1680, and then we have a support zone from $1701 to $1727.
The CHOP index indicates that most of the energy has been used, the RSI is moving around the middle of the range, while the STOCH index indicates that there is less and less energy for further price drops.
After unfolding the Trend Based Fib Extension grid, we see that the price stays in the support zone from $ 1636 to $ 1614, then there is the second zone from $ 1597 to $ 1581, and then support at $ 1556.
Looking the other way, we see that the first support is at $1650, the second is at $1665, the third is at $1680, and then we have a support zone from $1701 to $1727.
The CHOP index indicates that most of the energy has been used, the RSI is moving around the middle of the range, while the STOCH index indicates that there is less and less energy for further price drops.
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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.