Technical analysis ETHUSDT for 16.06.2023
16.06.2023 01:17
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1743.30. The closest support is the level 1592.80
Key levels
- 1868.80, 1817.40, 1743.30, 1592.80, 1547.20, 1505.90
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1743.30, with Take Profit of 1817.40 and Stop Loss of 1642.80
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1592.80, with Take Profit of 1547.20 and Stop Loss of 1642.80
Scenario
Recommendation
BUY STOP
Entry Point
1743.30
Take Profit
1817.40
Stop Loss
1642.80
Key Levels
1868.80, 1817.40, 1743.30, 1592.80, 1547.20, 1505.90
Alternative scenario
Recommendation
SELL STOP
Entry Point
1592.80
Take Profit
1547.20
Stop Loss
1642.80