Technical analysis ETHUSDT for 25.10.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1795. The closest resistance is the level 1825

Key levels

• 1850, 1825, 1795, 1770, 1745

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1795, with Take Profit of 1825 and Stop Loss of 1770

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1770, with Take Profit of 1745 and Stop Loss of 1795