Technical analysis ETHUSDT for 13.06.2023

The Tenkan-sen line is located below the Kijun-sen line. Blue is directed downward, while red remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1770.10. The closest support is the level 1700.15

Key levels

• 1851.55, 1816.95, 1770.10, 1700.15, 1655.25, 1610.70

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1770.10, with Take Profit of 1816.95 and Stop Loss of 1730.25

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1700.15, with Take Profit of 1655.25 and Stop Loss of 1730.25