Technical analysis ETHUSD for 18.04.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 2910. The closest resistance is the level 2970

Key levels

• 3185, 3055, 2970, 2910, 2760, 2635

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 2910, with Take Profit of 2760 and Stop Loss of 2970

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 2970, with Take Profit of 3055 and Stop Loss of 2910