Description
⋅ Hello everyone, let's take a look at the 4H ETH to USDT chart as you can see the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can consider:
T1 - $ 1,294
T2 - $ 1,302
T3 - $ 1,324
and
T4 - $ 1,359
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 1282
SL2 - $ 1271
SL3 - $ 1263
SL4 - $ 1,255
and
SL5 - $ 1,243
Looking at the CHOP indicator, we can see that in the 4H range we have very little energy, while the MACD indicator shows a local downward trend.