Hello everyone, let's take a look at the 1H ETH to USDT chart as you can see the price is moving in the channel marked by the yellow lines and is approaching the exit from it.
Let's start by setting goals for the near future that we can consider:
T1 = $ 1,327
T2 = $ 1,339
T3 = $ 1,351
T4 = $ 1,369
and
T5 = $ 1,391
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 1,314
SL2 = $ 1,305
SL3 = $ 1296
SL4 = $ 1288
and
SL5 = $ 1277
Looking at the CHOP indicator, we can see that in the 1H range we have a lot of energy, and the MACD indicator shows a local downward trend.
Let's start by setting goals for the near future that we can consider:
T1 = $ 1,327
T2 = $ 1,339
T3 = $ 1,351
T4 = $ 1,369
and
T5 = $ 1,391
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 1,314
SL2 = $ 1,305
SL3 = $ 1296
SL4 = $ 1288
and
SL5 = $ 1277
Looking at the CHOP indicator, we can see that in the 1H range we have a lot of energy, and the MACD indicator shows a local downward trend.