Technical analysis ETHUSDT for 02.10.2023
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1707.40. The closest support is the level 1641.80
Key levels
- 1733.90, 1707.40, 1641.80, 1604.60, 1570.80
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1707.40, with Take Profit of 1733.90 and Stop Loss of 1676.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1641.80, with Take Profit of 1604.60 and Stop Loss of 1676.00
Scenario
Recommendation
BUY STOP
Entry Point
1707.40
Take Profit
1733.90
Stop Loss
1676.00
Key Levels
1733.90, 1707.40, 1641.80, 1604.60, 1570.80
Alternative scenario
Recommendation
SELL STOP
Entry Point
1641.80
Take Profit
1604.60
Stop Loss
1676.00
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.