ETH on 1H Interval - Targets and Stoploss
Hello everyone, let's take a look at the 1H ETH vs. USDT chart as you can see that the price has dropped below the local uptrend line and is going up again after a slight correction.
Let's start by setting goals for the near future that we can consider:
T1 - $ 2002
T2 - $ 2027
T3 - $ 2,047
T4 - $ 2,067
and
T5 - $ 2,095
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 1985
SL2 - $ 1,976
SL3 - $ 1,964
SL4 - $ 1,949
and
SL5 - $ 1,929
Looking at the CHOP indicator, we can see that in the 1H range we still have a lot of energy for further moves and the MACD indicator shows that the blue line is getting closer to the red cross from the bottom, which would confirm the local upward trend.
Let's start by setting goals for the near future that we can consider:
T1 - $ 2002
T2 - $ 2027
T3 - $ 2,047
T4 - $ 2,067
and
T5 - $ 2,095
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 1985
SL2 - $ 1,976
SL3 - $ 1,964
SL4 - $ 1,949
and
SL5 - $ 1,929
Looking at the CHOP indicator, we can see that in the 1H range we still have a lot of energy for further moves and the MACD indicator shows that the blue line is getting closer to the red cross from the bottom, which would confirm the local upward trend.
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