ETH/USDT 4HInterval Review
Hello everyone, let's take a look at the ETH to USDT chart on a 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 has returned and remains at the support level of $1,579, but we may still see a decline to the support level of $1,473.
Looking the other way, we have a significant resistance zone from $1,662 to $1,694, and then resistance at $1,734 before further increases.
Looking at the CHOP indicator, we can see that the energy has been used, while the STOCH and RSI indicators also indicate that the energy has been exhausted, which stopped a further decline in this movement.
After unfolding the Trend Based Fib Extension grid, we see that the price has returned and remains at the support level of $1,579, but we may still see a decline to the support level of $1,473.
Looking the other way, we have a significant resistance zone from $1,662 to $1,694, and then resistance at $1,734 before further increases.
Looking at the CHOP indicator, we can see that the energy has been used, while the STOCH and RSI indicators also indicate that the energy has been exhausted, which stopped a further decline in this movement.
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