Technical analysis ETHUSDT for 07.08.2023
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are 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 support is the level 1820. The closest resistance is the level 1836
Key levels
- 1864, 1847, 1836, 1820, 1807
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1836, with Take Profit of 1820 and Stop Loss of 1847
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1847, with Take Profit of 1864 and Stop Loss of 1836
Scenario
Recommendation
SELL LIMIT
Entry Point
1836
Take Profit
1820
Stop Loss
1847
Key Levels
1864, 1847, 1836, 1820, 1807
Alternative scenario
Recommendation
BUY STOP
Entry Point
1847
Take Profit
1864
Stop Loss
1836
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.