Technical analysis ETHUSDT for 22.09.2023

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 resistance is the level 1636.00. The closest support is the level 1539.20

Key levels

• 1733.80, 1684.10, 1636.00, 1539.20, 1490.80

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1636.00, with Take Profit of 1684.10 and Stop Loss of 1585.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1539.20, with Take Profit of 1490.80 and Stop Loss of 1585.00