Hello everyone, let's take a look at the 4H ETH 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 = $ 1,587
T2 = $ 1,603
T3 = $ 1,620
T4 = $ 1,643
and
T5 = $ 1,672
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 1567
SL2 = $ 1,550
SL3 = $ 1,535
SL4 = $ 1,521
and
SL5 = $ 1501
Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy, while the MACD indicator shows a local upward trend.
Let's start by setting goals for the near future that we can consider:
T1 = $ 1,587
T2 = $ 1,603
T3 = $ 1,620
T4 = $ 1,643
and
T5 = $ 1,672
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 1567
SL2 = $ 1,550
SL3 = $ 1,535
SL4 = $ 1,521
and
SL5 = $ 1501
Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy, while the MACD indicator shows a local upward trend.
Comment:
Interval 1H, not 4H