Daily review of ETH interval 4H
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 = $ 1,658
T2 = $ 1,678
T3 = $ 1,698
T4 = $ 1726
and
T5 = $ 1763
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 1,608
SL2 = $ 1578
SL3 = $ 1,555
SL4 = $ 1532
and
SL5 = $ 1,498
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 = $ 1,658
T2 = $ 1,678
T3 = $ 1,698
T4 = $ 1726
and
T5 = $ 1763
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 1,608
SL2 = $ 1578
SL3 = $ 1,555
SL4 = $ 1532
and
SL5 = $ 1,498
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.
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