Technical analysis ETHUSDT for 22.06.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1732.80. The closest support is the level 1597.40

Key levels

• 1816.80, 1732.80, 1597.40, 1508.10, 1419.90

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1732.80, with Take Profit of 1816.80 and Stop Loss of 1665.1

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1597.40, with Take Profit of 1508.10 and Stop Loss of 1665.1