Daily review of ETH interval 4H
Hello everyone, let's take a look at the 4H eth to USDT chart as you can see the price is moving in the local downtrend channel.
Let's start by setting goals for the near future that we can consider:
T1 - $ 1,329
T2 - $ 1,337
T3 - $ 1,346
T4 - $ 1,357
and
T5 - $ 1,371
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 1,308
SL2 - $ 1296
SL3 - $ 1,286
SL4 - $ 1278
and
SL5 - $ 1264
Looking at the CHOP indicator, we can see that in the 4H range the energy has been used, while the MACD indicator shows that the blue line is close to the red line crossing from below, which could confirm the upward trend change.
Let's start by setting goals for the near future that we can consider:
T1 - $ 1,329
T2 - $ 1,337
T3 - $ 1,346
T4 - $ 1,357
and
T5 - $ 1,371
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 1,308
SL2 - $ 1296
SL3 - $ 1,286
SL4 - $ 1278
and
SL5 - $ 1264
Looking at the CHOP indicator, we can see that in the 4H range the energy has been used, while the MACD indicator shows that the blue line is close to the red line crossing from below, which could confirm the upward trend change.
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