Hello everyone, let's look at the 4H ETH to USDT chart as you can see that the price is moving in a local sideways trend channel.
Let's start by setting goals for the near future that we can take into account:
T1 =
2080
- $2094
T2 = 2107 - HKEX:2118
T3 = 2135
AND
T4 = 2157
Now let's move on to the stop loss in case the market goes down further:
SL1 =
2072
SL2 =
TDM
AND
SL3 = 1999
Looking at the CHOP indicator, we see that there is still a lot of energy on the 4H interval, while the MACD indicator indicates a local downtrend. We see a rebound on the RSI, but the indicator is still in the upper limit, which may deepen the correction.
Let's start by setting goals for the near future that we can take into account:
T1 =
2080
- $2094 T2 = 2107 - HKEX:2118
T3 = 2135
AND
T4 = 2157
Now let's move on to the stop loss in case the market goes down further:
SL1 =
2072
SL2 =
TDM
AND
SL3 = 1999
Looking at the CHOP indicator, we see that there is still a lot of energy on the 4H interval, while the MACD indicator indicates a local downtrend. We see a rebound on the RSI, but the indicator is still in the upper limit, which may deepen the correction.