Technical analysis ETHUSDT for 25.10.2023
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1795. The closest resistance is the level 1825
Key levels
- 1850, 1825, 1795, 1770, 1745
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1795, with Take Profit of 1825 and Stop Loss of 1770
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1770, with Take Profit of 1745 and Stop Loss of 1795
Scenario
Recommendation
BUY LIMIT
Entry Point
1795
Take Profit
1825
Stop Loss
1770
Key Levels
1850, 1825, 1795, 1770, 1745
Alternative scenario
Recommendation
SELL STOP
Entry Point
1770
Take Profit
1745
Stop Loss
1795
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.