Hello everyone, let's take a look at the 4H ETH to USDT chart as you can see the price is moving in the local uptrend channel.
Let's start by setting goals for the near future that we can consider:
T1 = $ 1,621
T2 = $ 1,665
T3 = $ 1,700
T4 = $ 1735
and
T5 = $ 1,786
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 1564
SL2 = $ 1,536
SL3 = $ 1508
SL4 = $ 1,467
and
SL5 = $ 1,416
Looking at the CHOP indicator, we can see that in the 4H range the energy slowly starts to rise, while the MACD indicator shows a local upward trend.
Let's start by setting goals for the near future that we can consider:
T1 = $ 1,621
T2 = $ 1,665
T3 = $ 1,700
T4 = $ 1735
and
T5 = $ 1,786
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 1564
SL2 = $ 1,536
SL3 = $ 1508
SL4 = $ 1,467
and
SL5 = $ 1,416
Looking at the CHOP indicator, we can see that in the 4H range the energy slowly starts to rise, while the MACD indicator shows a local upward trend.