Hello everyone, let's take a look at the 4H ETH to USDT chart as you can see the price has moved above the local downtrend line.
Let's start by setting goals for the near future that we can consider:
T1 - $ 1,221
T2 - $ 1,278
and
T3 - $ 1,448
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 1185
SL2 - $ 1126
SL3 - $ 1080
SL4 - $ 1032
and
SL5 - $ 965
Looking at the CHOP indicator, we can see that in the 4H range most of the energy has been surpassed and the MACD indicator shows that we are in a local uptrend.
Let's start by setting goals for the near future that we can consider:
T1 - $ 1,221
T2 - $ 1,278
and
T3 - $ 1,448
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 1185
SL2 - $ 1126
SL3 - $ 1080
SL4 - $ 1032
and
SL5 - $ 965
Looking at the CHOP indicator, we can see that in the 4H range most of the energy has been surpassed and the MACD indicator shows that we are in a local uptrend.