Will ETH take the direction of growth?
Hi everyone, let's look at the 1D ETH to USDT chart, in this situation we can see how the price is moving in a downtrend channel, currently there is no indication of which direction it will go.
Let's start by defining the targets for the near future that the price has to face:
T1 = 3357 USD
T2 = 3502 USD
Т3 = 3600 USD
Т4 = 3729 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 3211 USD
SL2 = 3016 USD
SL3 = 2877 USD
SL4 = 2704 USD
If we look at the MA indicator we can see how the blue line has entered above the orange one, which indicates the entry into a temporary uptrend, where the price may try to continue to grow.
Let's start by defining the targets for the near future that the price has to face:
T1 = 3357 USD
T2 = 3502 USD
Т3 = 3600 USD
Т4 = 3729 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 3211 USD
SL2 = 3016 USD
SL3 = 2877 USD
SL4 = 2704 USD
If we look at the MA indicator we can see how the blue line has entered above the orange one, which indicates the entry into a temporary uptrend, where the price may try to continue to grow.
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