Technical analysis ETHUSDT for 28.06.2023

28.06.2023 17:08
Intraday
Technical

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 1710.80. The closest support is the level 1596.30

Key levels

  • 1802.10, 1710.80, 1596.30, 1497.60, 1392.60

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 1710.80, with Take Profit of 1802.10 and Stop Loss of 1654.90

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1596.30, with Take Profit of 1497.60 and Stop Loss of 1654.90

Scenario
Recommendation
BUY STOP

Entry Point
1710.80

Take Profit
1802.10

Stop Loss
1654.90

Key Levels
1802.10, 1710.80, 1596.30, 1497.60, 1392.60
Alternative scenario
Recommendation
SELL STOP

Entry Point
1596.30

Take Profit
1497.60

Stop Loss
1654.90