Hello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price came out at the top of the indicated triangle.
When we unfold the Trend Based Fib Extension grid, we can determine the support level at $1948, and then we have a support zone from $1928 to $1913.
Looking the other way, we see that the price is approaching the resistance zone from $1984 to $1995, and then must overcome the resistance at $2010 before further increases.
Looking at the CHOP indicator, we see that there is energy to continue the movement, the RSI indicator, despite the increase, has room for the price to go further, while the STOCH indicator has exceeded the upper limit, which may result in a correction in the coming hours.
When we unfold the Trend Based Fib Extension grid, we can determine the support level at $1948, and then we have a support zone from $1928 to $1913.
Looking the other way, we see that the price is approaching the resistance zone from $1984 to $1995, and then must overcome the resistance at $2010 before further increases.
Looking at the CHOP indicator, we see that there is energy to continue the movement, the RSI indicator, despite the increase, has room for the price to go further, while the STOCH indicator has exceeded the upper limit, which may result in a correction in the coming hours.