TradingView
cryptodailyuk
Mar 7, 2024 10:19 PM

ETH/USDT 1HInterval Chart 

Ethereum / TetherUS PERPETUAL CONTRACTBinance

Description

Hello everyone, let's look at the 1H ETH to USDT chart as you can see that the price has returned above the uptrend lines.

Let's start by setting goals for the near future that we can include:
T1 = $3,996
and
T2 = $4,161

Now let's move on to the stop-loss in case the market reverses its trend:

SL1 = $3,699
SL2 = $3,554
SL3 = $3,316

Looking at the RSI indicator, you can see how the movement is approaching the support line again, which may result in another price increase, but here you should pay attention to the STOCH indicator which remains near the upper limit, which may result in the need for a price recovery.
Comments
MyCryptoParadise
setting targets and stop-losses offers a clear roadmap for trading decisions in the near term
More