Daily ETH 4HChart - resistance and support SHORTTERM
Hello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price has fallen below the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $1782, if the support is broken then the next support is $1762, $1741 and $1713.
Now let's move on to the resistance line, as you can see the first resistance is $1823, if you manage to break it, the next resistance will be $1846, $1865 and $1885.
Looking at the CHOP indicator, we see that there is energy to continue the move, MACD confirms the local downtrend, while the RSI shows a rebound, which positively 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 $1782, if the support is broken then the next support is $1762, $1741 and $1713.
Now let's move on to the resistance line, as you can see the first resistance is $1823, if you manage to break it, the next resistance will be $1846, $1865 and $1885.
Looking at the CHOP indicator, we see that there is energy to continue the move, MACD confirms the local downtrend, while the RSI shows a rebound, which positively creates room for a future price increase.