ETH/USDT 1HInteral Review
Hello everyone, let's take a look at the ETH to USDT one hour chart. As you can see, the price is staying below the local uptrend line.
When we unfold the trend based fib extension tool, we see that the price stays at the support zone from $1632 to $1623, then we have support at $1616, third support at $1608, and then support at $1598.
Looking the other way, we see that the price needs to break the resistance zone by $1639 to $1645, then there is resistance at $1650, next at $1656 and then resistance at $1664.
Looking at the CHOP indicator, we see that the energy is used to move the price down, on the RSI we are moving around the middle with a slight rebound, while the STOCH indicator indicates that we may see a rebound in the coming hours.
When we unfold the trend based fib extension tool, we see that the price stays at the support zone from $1632 to $1623, then we have support at $1616, third support at $1608, and then support at $1598.
Looking the other way, we see that the price needs to break the resistance zone by $1639 to $1645, then there is resistance at $1650, next at $1656 and then resistance at $1664.
Looking at the CHOP indicator, we see that the energy is used to move the price down, on the RSI we are moving around the middle with a slight rebound, while the STOCH indicator indicates that we may see a rebound in the coming hours.
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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.