Daily review of ETH interval 4H
Hello everyone, let's look at the ETH to USDT chart on the 4-hour timeframe. As you can see, the price is moving above the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $1244, if the support is broken then the next support is $1226, $1211 and $1197.
Now let's move on to the resistance line, as we can see the price has bounced off the very important $1275 level at 0.618 Fib, if it manages to break it, the next resistance will be $1309 and $1353.
Looking at the CHOP indicator, we see that the energy has been exhausted, the MACD indicates that we are on the verge of entering a local downtrend, while the RSI indicator is at the upper limit, which may indicate a price correction.
Let's start with the support line and as you can see the first support in the near future is $1244, if the support is broken then the next support is $1226, $1211 and $1197.
Now let's move on to the resistance line, as we can see the price has bounced off the very important $1275 level at 0.618 Fib, if it manages to break it, the next resistance will be $1309 and $1353.
Looking at the CHOP indicator, we see that the energy has been exhausted, the MACD indicates that we are on the verge of entering a local downtrend, while the RSI indicator is at the upper limit, which may indicate a price correction.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.