Targets and stop loss ETH for the coming hours
Ethereum / TetherUS BINANCE:ETHUSDT
Hello everyone, let’s take a look at the ETH to USDT chart over the 4 hour timeframe. As you can see, the price is moving in the triangle of the downturn channel.
Let’s start by designating short term stop losses, as you can see:
SL1 – $ 2014,
SL2 – $ 1973
and
SL3 – $ 1933.
Now let’s move on to determining the targets that we should take into account in the coming hours:
T1 – $ 2,085,
T2 – $ 2,153
and
T3 – $ 2,225.
Looking at the CHOP indicator , we can see that at the 4H interval, the energy starts to rise again, while the MACD indicator shows an uptrend.
