Technical analysis ETHUSDT for 27.09.2023
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains 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 1616.30. The closest support is the level 1570.30
Key levels
- 1707.40, 1664.80, 1616.30, 1570.30, 1539.90
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1616.30, with Take Profit of 1664.80 and Stop Loss of 1593.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1570.30, with Take Profit of 1539.90 and Stop Loss of 1593.00
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.