Technical analysis ETHUSD for 08.04.2022
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 descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 3297.80. The closest support is the level 3174.50
Key levels
- 3523.90, 3411.80, 3297.80, 3174.50, 3086.70, 2998.80
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 3297.80, with Take Profit of 3411.80 and Stop Loss of 3200.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 3174.50, with Take Profit of 3086.70 and Stop Loss of 3250.00