ETH/USDT 4HInterval resistance and support
Hello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. 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 $1712, if the support is broken then the next support is $1694, $1676 and $1650.
Now let's move on to the resistance line, as you can see the first resistance is $1746, if you manage to break it, the next resistance will be $1767, $1784 and $1801.
Looking at the CHOP indicator, we see that there is a lot of energy for the move, the MACD indicates a return to the local downtrend, while the RSI also has a rebound and room for the price to go a little lower.
Let's start with the support line and as you can see the first support in the near future is $1712, if the support is broken then the next support is $1694, $1676 and $1650.
Now let's move on to the resistance line, as you can see the first resistance is $1746, if you manage to break it, the next resistance will be $1767, $1784 and $1801.
Looking at the CHOP indicator, we see that there is a lot of energy for the move, the MACD indicates a return to the local downtrend, while the RSI also has a rebound and room for the price to go a little lower.