Technical analysis ETHUSDT for 19.06.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud turned over from descending to ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1756.00. The closest support is the level 1672.60

Key levels

• 1884.80, 1815.75, 1756.00, 1672.60, 1606.20, 15910.40

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1756.00, with Take Profit of 1815.75 and Stop Loss of 1650.50

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1672.60, with Take Profit of 1606.20 and Stop Loss of 1650.50