Technical analysis ETHUSDT for 07.09.2023
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 1717.00. The closest support is the level 1591.00
Key levels
- 1816.80, 1717.00, 1591.00, 1496.60, 1404.20
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1717.00, with Take Profit of 1816.80 and Stop Loss of 1654.80
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1591.00, with Take Profit of 1496.60 and Stop Loss of 1654.80
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.