Technical analysis ETHUSDT for 17.08.2023
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
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
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.