Technical analysis ETHUSDT for 14.09.2023
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above 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 above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1655.00. The closest support is the level 1540.00
Key levels
- 1814.70, 1734.00, 1655.00, 1540.00, 1460.60
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1655.00, with Take Profit of 1734.00 and Stop Loss of 1595.90
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1540.00, with Take Profit of 1460.60 and Stop Loss of 1595.90
Scenario
Recommendation
BUY STOP
Entry Point
1655.00
Take Profit
1734.00
Stop Loss
1595.90
Key Levels
1814.70, 1734.00, 1655.00, 1540.00, 1460.60
Alternative scenario
Recommendation
SELL STOP
Entry Point
1540.00
Take Profit
1460.60
Stop Loss
1595.90
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.