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cryptodailyuk
Apr 17, 2023 5:12 PM

ETH/USDT 4H - Targets and Stoploss 

Ethereum / TetherUSBinance

Description

Hello everyone, let's look at the 4H ETH to USDT chart as you can see that the price is moving in a local sideways trend channel.

Let's start by setting goals for the near future that we can take into account:
T1 = TADAWUL:2080 - $2094
T2 = TSE:2107 - HKEX:2118
T3 = HKEX:2135
AND
T4 = TSE:2157

Now let's move on to the stop loss in case the market goes down further:
SL1 = TSE:2072
SL2 = MYX:TDM
AND
SL3 = FSE:1999

Looking at the CHOP indicator, we see that there is still a lot of energy on the 4H interval, while the MACD indicator indicates a local downtrend. We see a rebound on the RSI, but the indicator is still in the upper limit, which may deepen the correction.
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