Technical analysis ETHUSDT for 30.08.2023

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 1714.90. The closest support is the level 1594.20

Key levels

• 1816.80, 1714.90, 1594.20, 1495.50, 1395.80

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1714.90, with Take Profit of 1816.80 and Stop Loss of 1654.80

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1594.20, with Take Profit of 1495.50 and Stop Loss of 1654.80