ETH - USDT, 1D Interval Resistance and Support
I invite you to review ETH to USDT also on a one-day interval. First, we will mark the downtrend line that the price has crossed going up.
As we can see, the last increase was previously confirmed when the red EMA Cross 10 line crossed the green EMA Cross from below, which is a signal for an upward move.
Next, we see copies of the situation from the BTC chart regarding the arrangement of the current peak with the previous one and the situation on the RSI.
Let's move on to identify the support areas in case the price turns around and here we can mark the support zone from $ 1283 to $ 1242, then the second support zone from $ 1209 to $ 1178, when the price drops lower we have support at $ 1131 and $ 1073 in place of the previous one hole for the price.
Looking the other way, it is worth determining where ETH will encounter resistance on the way to growth. So we can set the first resistance at $1374, then we have resistance at $1447, then a strong resistance zone from $1549 to $1677.
It is worth looking at the CHOP index, which indicates that the energy was used for the last upward move, the MACD confirms the current upward trend, while the RSI, despite the previously discussed formation, is moving in the upper range, which often indicates an upcoming correction.
As we can see, the last increase was previously confirmed when the red EMA Cross 10 line crossed the green EMA Cross from below, which is a signal for an upward move.
Next, we see copies of the situation from the BTC chart regarding the arrangement of the current peak with the previous one and the situation on the RSI.
Let's move on to identify the support areas in case the price turns around and here we can mark the support zone from $ 1283 to $ 1242, then the second support zone from $ 1209 to $ 1178, when the price drops lower we have support at $ 1131 and $ 1073 in place of the previous one hole for the price.
Looking the other way, it is worth determining where ETH will encounter resistance on the way to growth. So we can set the first resistance at $1374, then we have resistance at $1447, then a strong resistance zone from $1549 to $1677.
It is worth looking at the CHOP index, which indicates that the energy was used for the last upward move, the MACD confirms the current upward trend, while the RSI, despite the previously discussed formation, is moving in the upper range, which often indicates an upcoming correction.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.