Hello everyone, let's look at the 8h chart LINK to USDT, in this situation we can see how the price has come out on top from the local downtrend line and how it is currently moving in a local sideways trend.
Let's start by defining the targets for the near future that the price has to face:
T1 = 12.65 USD
T2 = 13.13 USD
Т3 = 13.87 USD
Т4 = 14.40 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 11.91 USD
SL2 = 11.05 USD
SL3 = 10.36 USD
SL4 = 9.66 USD
The MACD indicator shows an attempt to return to the uptrend, but here we can see a struggle that gives a sideways trend on the chart.
Let's start by defining the targets for the near future that the price has to face:
T1 = 12.65 USD
T2 = 13.13 USD
Т3 = 13.87 USD
Т4 = 14.40 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 11.91 USD
SL2 = 11.05 USD
SL3 = 10.36 USD
SL4 = 9.66 USD
The MACD indicator shows an attempt to return to the uptrend, but here we can see a struggle that gives a sideways trend on the chart.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.