Daily ETH 4HChart - resistance and support
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 downtrend line.
Let's start with the support line and as you can see the first support in the near future is $1812, if the support is broken then the next support is $1796, $1782 and $1769.
Now let's go to the resistance line, as you can see the first resistance is $1825, if you manage to break it the next resistance will be $1841 and then the third resistance at $1891.
Looking at the CHOP indicator, we see that there is energy for further movement, the MACD maintains the local uptrend, while the RSI has a small rebound, which creates room for a future price increase.
Let's start with the support line and as you can see the first support in the near future is $1812, if the support is broken then the next support is $1796, $1782 and $1769.
Now let's go to the resistance line, as you can see the first resistance is $1825, if you manage to break it the next resistance will be $1841 and then the third resistance at $1891.
Looking at the CHOP indicator, we see that there is energy for further movement, the MACD maintains the local uptrend, while the RSI has a small rebound, which creates room for a future price increase.