ETH/USDT Short-Term 1H
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 moved sideways from the local downtrend line.
When we unfold the trend based fib extension tool, we can see a support zone from $1,790 to $1,776, and then we have a second zone from $1,753 to $1,737.
Looking the other way, you can see that the price is fighting in the resistance zone from $1,798 to $1,811, while it may continue towards the second zone from $1,848 to $1,867.
Please pay attention to the RSI indicator, which shows room for a price increase, but the STOCH indicator shows that the upper limit has been exceeded, which has stopped the current upward movement and may provide a rebound.
When we unfold the trend based fib extension tool, we can see a support zone from $1,790 to $1,776, and then we have a second zone from $1,753 to $1,737.
Looking the other way, you can see that the price is fighting in the resistance zone from $1,798 to $1,811, while it may continue towards the second zone from $1,848 to $1,867.
Please pay attention to the RSI indicator, which shows room for a price increase, but the STOCH indicator shows that the upper limit has been exceeded, which has stopped the current upward movement and may provide a rebound.
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