ETH/USDT 1d chart
Hello everyone, here's a quick review of the situation on ETH in pair with USDT on a one-day time frame. as you can see, we are moving in a triangle.
To determine support zones, we will use the Fib Retracement grid, thanks to which we have a visible zone from $3,254 to $3,056, but when the price breaks out of it, we still have support at $2,819.
looking the other way, we will define the resistances in a similar way and here we can see the first resistance at the price of $3,526, then the second one at $3,695, and then we have a strong resistance zone from $3,814 to $3,972.
To determine support zones, we will use the Fib Retracement grid, thanks to which we have a visible zone from $3,254 to $3,056, but when the price breaks out of it, we still have support at $2,819.
looking the other way, we will define the resistances in a similar way and here we can see the first resistance at the price of $3,526, then the second one at $3,695, and then we have a strong resistance zone from $3,814 to $3,972.
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