Hello everyone, let's look at the ETH to USDT chart on the four hour time frame. As you can see, the price is moving above the downtrend line.
Let's start with the support line and as you can see the first support in the near future is $1184, if the support is broken then the next support is $1154, $1129 and $1106.
Now let's go from the resistance line, as you can see the first resistance is $1217, if you manage to break it, the next resistance will be $1232, $1256 and $1284.
Looking at the CHOP indicator, we see that in the four-hour interval, most of the energy has been used and we see a small rest, the MACD indicates a local uptrend, and the RSI indicates a local sideways trend with room for further growth.
Let's start with the support line and as you can see the first support in the near future is $1184, if the support is broken then the next support is $1154, $1129 and $1106.
Now let's go from the resistance line, as you can see the first resistance is $1217, if you manage to break it, the next resistance will be $1232, $1256 and $1284.
Looking at the CHOP indicator, we see that in the four-hour interval, most of the energy has been used and we see a small rest, the MACD indicates a local uptrend, and the RSI indicates a local sideways trend with room for further growth.