Technical analysis ETHUSDT for 27.07.2023

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. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1733.10. The closest support is the level 1569.00

Key levels

• 1817.80, 1733.10, 1569.00, 1478.70, 1392.60

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1733.10, with Take Profit of 1817.80 and Stop Loss of 1654.80

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1569.00, with Take Profit of 1478.70 and Stop Loss of 1654.80