Technical analysis ETHUSDT for 11.08.2023
11.08.2023 01:10
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 1715.00. The closest support is the level 1594.20
Key levels
- 1801.00, 1715.00, 1594.20, 1508.10, 1422.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1715.00, with Take Profit of 1801.00 and Stop Loss of 1654.80
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1594.20, with Take Profit of 1508.10 and Stop Loss of 1654.80
Scenario
Recommendation
BUY STOP
Entry Point
1715.00
Take Profit
1801.00
Stop Loss
1654.80
Key Levels
1801.00, 1715.00, 1594.20, 1508.10, 1422.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
1594.20
Take Profit
1508.10
Stop Loss
1654.80