Technical analysis ETHUSD for 25.11.2021

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 ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 4485. The closest resistance is the level 4630

Key levels

• 4858, 4630, 4485, 4370, 4260, 4117, 3885

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 4630 and Stop Loss of 4409

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 4370, with Take Profit of 4260 and Stop Loss of 4485