Technical analysis ETHUSDT for 04.09.2023

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 1733.80. The closest support is the level 1579.50

Key levels

• 1815.70, 1733.80, 1579.50, 1495.60, 1407.30

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1733.80, with Take Profit of 1815.70 and Stop Loss of 1654.80

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1579.50, with Take Profit of 1495.60 and Stop Loss of 1654.80