Hello everyone, I invite you to review the chart of ETH in pair to USDT, this time on a one-day interval. First of all, using the blue line, we can mark the downtrend, from which the price went up, while currently ETH is on the border of the uptrend line.
As we can see, EMA Cross 10 and 30 are close to entering a downtrend when the red line crosses the green line from above.
Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and as you can see we have the first support at $1472, the second support at $1396, then we can mark the strong support zone from $1319 to $1211.
Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we first have a strong resistance zone from $1553 to $1663, the next resistance is at $1825 and then the third resistance at $2029.
The CHOP index indicates that there is still energy left for the next move. The MACD indicator is in a downtrend. However, on the RSI we see a rebound and that we are moving in a downtrend.
As we can see, EMA Cross 10 and 30 are close to entering a downtrend when the red line crosses the green line from above.
Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and as you can see we have the first support at $1472, the second support at $1396, then we can mark the strong support zone from $1319 to $1211.
Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we first have a strong resistance zone from $1553 to $1663, the next resistance is at $1825 and then the third resistance at $2029.
The CHOP index indicates that there is still energy left for the next move. The MACD indicator is in a downtrend. However, on the RSI we see a rebound and that we are moving in a downtrend.
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.