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 tool, resistance is visible at $3,300, and further at $3,358.
Looking the other way, you can see support that kept the price at $3,226, and further visible at $3,187.
The RSI indicator shows room for a greater recovery, but the STOCH indicator approached the lower limit, which may result in another price increase.
After unfolding the trend based fib extension tool, resistance is visible at $3,300, and further at $3,358.
Looking the other way, you can see support that kept the price at $3,226, and further visible at $3,187.
The RSI indicator shows room for a greater recovery, but the STOCH indicator approached the lower limit, which may result in another price increase.