Hello everyone, let's take a look at the 4H ETHW to USDT chart as you can see the price is moving above the local uptrend line.
Let's start by setting goals for the near future that we can consider:
T1 = $ 5.86
T2 = $ 6.35
T3 = $ 6.78
T4 = $ 7.17
and
T5 = $ 7.78
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 5.56
SL2 = $ 5.21
SL3 = $ 4.93
SL4 = $ 4.64
and
SL5 = $ 4.25
Looking at the CHOP indicator we can see that in the 4H range we have a lot of energy, while the MACD indicator shows the local uptrend.
Let's start by setting goals for the near future that we can consider:
T1 = $ 5.86
T2 = $ 6.35
T3 = $ 6.78
T4 = $ 7.17
and
T5 = $ 7.78
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 5.56
SL2 = $ 5.21
SL3 = $ 4.93
SL4 = $ 4.64
and
SL5 = $ 4.25
Looking at the CHOP indicator we can see that in the 4H range we have a lot of energy, while the MACD indicator shows the local uptrend.