Technical analysis ETHUSDT for 17.08.2023
17.08.2023 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 1732.90. The closest support is the level 1588.00
Key levels
- 1817.80, 1732.90, 1588.00, 1502.10, 1416.80
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1732.90, with Take Profit of 1817.80 and Stop Loss of 1665.80
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1588.00, with Take Profit of 1502.10 and Stop Loss of 1668.80
Scenario
Recommendation
BUY STOP
Entry Point
1732.90
Take Profit
1817.80
Stop Loss
1665.80
Key Levels
1817.80, 1732.90, 1588.00, 1502.10, 1416.80
Alternative scenario
Recommendation
SELL STOP
Entry Point
1588.00
Take Profit
1502.10
Stop Loss
1668.80