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 - $ 1,897
T2 - $ 1,913
T3 - $ 1,926
T4 - $ 1,939
and
T5 - $ 1,957
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 1,880
SL2 - $ 1,864
SL3 - $ 1,847
SL4 - $ 1,823
and
SL5 - $ 1793
Looking at the CHOP indicator, we can see that in the 4H 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 - $ 1,897
T2 - $ 1,913
T3 - $ 1,926
T4 - $ 1,939
and
T5 - $ 1,957
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 1,880
SL2 - $ 1,864
SL3 - $ 1,847
SL4 - $ 1,823
and
SL5 - $ 1793
Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy and the MACD indicator shows a local downward trend.