ETH/USDT 4H Chart
Hello everyone, let's take a look at the ETH to USDT chart on a four-hour time frame. As you can see, the price managed to stay on the local downtrend line.
When we unfold the trend based fib extension grid, we see that the strong support at $1,960 has maintained the price and is still support, but we may still see a decline to the support level at $1,850.
Looking the other way, you can see the current resistance zone from $2,088 to $2,135, and then there is visible resistance at $2,247.
The CHOP indicator shows that there is still energy that can be used to drop the price, the RSI indicator shows a slight rebound, but with room for the price to fall lower, and the STOCH indicator shows a rebound from the lower limit, which may result in a slightly larger price increase in the current movement. .
When we unfold the trend based fib extension grid, we see that the strong support at $1,960 has maintained the price and is still support, but we may still see a decline to the support level at $1,850.
Looking the other way, you can see the current resistance zone from $2,088 to $2,135, and then there is visible resistance at $2,247.
The CHOP indicator shows that there is still energy that can be used to drop the price, the RSI indicator shows a slight rebound, but with room for the price to fall lower, and the STOCH indicator shows a rebound from the lower limit, which may result in a slightly larger price increase in the current movement. .
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