ETH/USDT 4H Interval Targets and Stoploss
Hello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. 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 take into account:
T1 = $1774
T2 = $1790
T3 = $1809
T4 = $1834
AND
T5 = $1864
Now let's move on to the stop loss in case the market goes down further:
SL1 = $1700
SL2 = $1656
SL3 = $1619
AND
SL4 = $1585
Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates an ongoing local uptrend, while the RSI has a large increase, which may give the price a rebound or a sideways trend in the coming hours.
Let's start by setting goals for the near future that we can take into account:
T1 = $1774
T2 = $1790
T3 = $1809
T4 = $1834
AND
T5 = $1864
Now let's move on to the stop loss in case the market goes down further:
SL1 = $1700
SL2 = $1656
SL3 = $1619
AND
SL4 = $1585
Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates an ongoing local uptrend, while the RSI has a large increase, which may give the price a rebound or a sideways trend in the coming hours.