ETH - USDT, 1D Interval Resistance and Support Zones
Hello everyone, let's take a look at the ETH to USDT chart on the one day timeframe as you can see the price is moving in the downtrend channel.
Let's start with the designation of the support zone and we can see that we are currently in the upper limit of the zone, which is between $ 1,320 and $ 1,126.
Now let's move on to the resistance zone, and as you can see, the first zone is from $ 1,527 to $ 1,629, while the second resistance zone is from $ 1,724 to $ 1,860.
It is worth paying attention to the CHOP indicator which indicates that we have a lot of energy for the next move, while the MACD indicator indicates a local upward trend.
Let's start with the designation of the support zone and we can see that we are currently in the upper limit of the zone, which is between $ 1,320 and $ 1,126.
Now let's move on to the resistance zone, and as you can see, the first zone is from $ 1,527 to $ 1,629, while the second resistance zone is from $ 1,724 to $ 1,860.
It is worth paying attention to the CHOP indicator which indicates that we have a lot of energy for the next move, while the MACD indicator indicates a local upward trend.