Hello everyone, let's take a look at the 1 day ETH to USDT chart as you can see the price is moving below the downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 877, if the support breaks down, the next one is $ 685.
Now let's move from the resistance line as you can see the first resistance is $ 1173, if you can break it the next resistance will be $ 1361, $ 1522, $ 1674 and $ 1892.
Looking at the CHOP indicator, we can see that there is very little energy in the 1-day interval, but the MACD indicator shows a local upward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 877, if the support breaks down, the next one is $ 685.
Now let's move from the resistance line as you can see the first resistance is $ 1173, if you can break it the next resistance will be $ 1361, $ 1522, $ 1674 and $ 1892.
Looking at the CHOP indicator, we can see that there is very little energy in the 1-day interval, but the MACD indicator shows a local upward trend.