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 trying to stay on the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $1646, in case of a support break the next support is $1633, $1613 and $1589.
Looking the other way, we first have a resistance zone from $1664 to $1682, then there is resistance at $1696 and then resistance at $1710
Looking at the CHOP indicator, we see that there is a lot of energy gathered, the RSI is moving sideways, while the STOCH indicator moves up with room for the price to enter a higher level.
Let's start with the support line and as you can see the first support in the near future is $1646, in case of a support break the next support is $1633, $1613 and $1589.
Looking the other way, we first have a resistance zone from $1664 to $1682, then there is resistance at $1696 and then resistance at $1710
Looking at the CHOP indicator, we see that there is a lot of energy gathered, the RSI is moving sideways, while the STOCH indicator moves up with room for the price to enter a higher level.