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cryptodailyuk
Mar 23, 2024 7:15 PM

ETH/USDT 1HInterval Chart Review 

Ethereum / TetherUSBinance

Description

Hello everyone, let's look at the 1H ETH to USDT chart, as we can see the price is approaching an attempt to break out of the triangle marked in yellow.

Let's start by setting goals for the near future that we can include:
T1 = $3,452
T2 = $3,576
T3 = $3,665
AND
T4 = $3777

Now let's move on to the stop loss in case of further market declines:
SL1 = $3,307
SL2 = $3227
SL3 = $3097
AND
SL3 = $3097

Looking at the RSI indicator, we can see that it remains in an upward trend, while when we look at the STOCH indicator, it looks like a return to price correction is possible.
Comments
MyCryptoParadise
target and stop loss levels for ETH are intriguing. It's a well-thought-out strategy that caters to different market scenarios
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