ETC/USDT 4HInterval Review

Hello everyone, let's take a look at the ETC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line.

After unfolding the Trend Based Fib Extension grid, we see that the first support is at $15.44, and then we have a support zone from $15.19 to $14.98.

Looking the other way, we will check the resistances in the same way and the first resistance is at $15.65, then the second resistance at $15.96, the third at $16.20, and then there is a resistance zone from $16.44 to $16, $79.

Looking at the CHOP indicator, we see that there is a lot of energy to be used, while the STOCH indicator approached the upper limit, which resulted in a change in the price direction with room for further decline.