Hello everyone, let's take a look at the TOMO versus USDT chart on a four-hour time frame. As you can see, the price is moving above the local uptrend line.
Let's start by determining the support line and as you can see, the first support in the coming hours is $1.20, if the support is broken, the next support is $1.10, and then we have a strong support zone from $1.01 to $0.92.
Looking the other way, we see that the price is in the resistance zone from $1.24 to $1.31, then we have resistance at $1.35, then the second resistance zone from $1.41 to $1.48, and then resistance at $1.57.
Looking at the CHOP indicator, we see that there is still energy for a move, while the RSI indicator, despite a slight price drop, has returned to near the middle of the range, which creates room for future growth, but before that we can see a greater recovery.
Let's start by determining the support line and as you can see, the first support in the coming hours is $1.20, if the support is broken, the next support is $1.10, and then we have a strong support zone from $1.01 to $0.92.
Looking the other way, we see that the price is in the resistance zone from $1.24 to $1.31, then we have resistance at $1.35, then the second resistance zone from $1.41 to $1.48, and then resistance at $1.57.
Looking at the CHOP indicator, we see that there is still energy for a move, while the RSI indicator, despite a slight price drop, has returned to near the middle of the range, which creates room for future growth, but before that we can see a greater recovery.