ETHUSDT Short Term Analysis - Targets and Stoploss

2022년 8월 17일

Hello everyone, let's take a look at the 1H ETH to USDT chart as you can see the price is moving in the local downtrend channel.

Let's start by setting goals for the near future that we can consider:
T1 - $ 1,858
T2 - $ 1,870
T3 - $ 1,882
T4 - $ 1,898
and
T5 - $ 1,921

Now let's move on to the stop loss in case of further market declines:
SL1 - $ 1,836
SL2 - $ 1,816
SL3 - $ 1798
SL4 - $ 1783
and
SL5 - $ 1,759

Looking at the CHOP indicator, we can see that in the 1H range, energy has been used, while the MACD indicator shows that the blue line is approaching the intersection of the red line from the bottom, which would confirm the local upward trend.