Hello everyone, let's look at the ETH to USDT chart on a one-day timeframe. As you can see, the price is moving in a triangle marked with blue lines.
Let's start with the support line and as you can see the first support in the near future is $1209, if the support is broken then the next support is $1119 and $1046.
Now let's go from the resistance line, as you can see the first resistance is $1275, if you manage to break it, the next resistance will be $1310, $1342 and $1388.
Looking at the CHOP indicator, we see that the energy is exhausted on the one-day timeframe, and the MACD indicator indicates a downtrend.
Let's start with the support line and as you can see the first support in the near future is $1209, if the support is broken then the next support is $1119 and $1046.
Now let's go from the resistance line, as you can see the first resistance is $1275, if you manage to break it, the next resistance will be $1310, $1342 and $1388.
Looking at the CHOP indicator, we see that the energy is exhausted on the one-day timeframe, and the MACD indicator indicates a downtrend.