Hello everyone, let's take a look at the 4H ETH to USDT chart as you can see the price is moving above the local uptrend line.
Let's start by setting goals for the near future that we can consider:
T1 - $ 1,572
T2 - $ 1609
T3 - $ 1,656
and
T4 - $ 1719
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 1,549
SL2 - $ 1,506
SL3 - $ 1472
and
SL4 - $ 1,436
Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy, while the MACD indicator shows that we can enter a downward trend locally.
Let's start by setting goals for the near future that we can consider:
T1 - $ 1,572
T2 - $ 1609
T3 - $ 1,656
and
T4 - $ 1719
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 1,549
SL2 - $ 1,506
SL3 - $ 1472
and
SL4 - $ 1,436
Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy, while the MACD indicator shows that we can enter a downward trend locally.