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 is moving above the local uptrend line.
After unfolding the trend based fib extension grid, you can see a support zone from $1,791 to $1,785, and then we have a second zone from $1,775 to $1,768.
Looking the other way, we have a resistance zone from $1,798 to $1,808, and then resistance at $1,821 before further growth.
Looking at the CHOP indicator, we see that there is still some energy left for the move, while the RSI indicator and the STOCH indicator indicate that we may see a greater price recovery.
After unfolding the trend based fib extension grid, you can see a support zone from $1,791 to $1,785, and then we have a second zone from $1,775 to $1,768.
Looking the other way, we have a resistance zone from $1,798 to $1,808, and then resistance at $1,821 before further growth.
Looking at the CHOP indicator, we see that there is still some energy left for the move, while the RSI indicator and the STOCH indicator indicate that we may see a greater price recovery.