Technical analysis ETHUSDT for 17.08.2023
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 1732.90. The closest support is the level 1588.00

Key levels
- 1817.80, 1732.90, 1588.00, 1502.10, 1416.80
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1732.90, with Take Profit of 1817.80 and Stop Loss of 1665.80
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1588.00, with Take Profit of 1502.10 and Stop Loss of 1668.80