ETH/USDT 1D Review
Hello everyone, let's look at the ETH to USDT chart on the 1D time frame. As you can see, the price is holding at the local uptrend line.
Let's start with determining the supports. And here we see that first we have a zone from $1866 to $1822 where the price is holding, then we have a second very strong support zone from $1752 to $1701.
Now let's move to the price resistance, in this situation the first zone is $1890 to $1934, once price breaks it it will go towards the $1971 to $2008 zone.
Looking at the CHOP indicator, we see that there is more and more energy, the MACD indicates the maintenance of the local uptrend, while the RSI shows that small price corrections give the indicator a rebound, which creates room for another increase.
Let's start with determining the supports. And here we see that first we have a zone from $1866 to $1822 where the price is holding, then we have a second very strong support zone from $1752 to $1701.
Now let's move to the price resistance, in this situation the first zone is $1890 to $1934, once price breaks it it will go towards the $1971 to $2008 zone.
Looking at the CHOP indicator, we see that there is more and more energy, the MACD indicates the maintenance of the local uptrend, while the RSI shows that small price corrections give the indicator a rebound, which creates room for another increase.
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