Hello everyone, let’s take a look at the ETH to USDT chart on a 1 day time frame on 09.09.2022. As you can see, price is moving above the local uptrend line.
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Let’s start with the designation of the support line and as you can see the first support in the near future is $ 1639, if the support breaks down, the next support is $ 1519 and $ 1402.
Now let’s move from the resistance line as you can see the first resistance is $ 1728, if you can break it the next resistance will be $ 1800, $ 1898 and $ 2034.
Looking at the CHOP indicator, we can see that some energy has been used in the 1 day interval, but we have a lot to continue moving, and the MACD indicator shows an uptrend.
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