Technical analysis ETHUSDT for 11.08.2023
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