ETH/USDT 1HInterval Chart
Hello everyone, let's look at the 1H ETH to USDT chart as you can see that the price has returned above the uptrend lines.
Let's start by setting goals for the near future that we can include:
T1 = $3,996
and
T2 = $4,161
Now let's move on to the stop-loss in case the market reverses its trend:
SL1 = $3,699
SL2 = $3,554
SL3 = $3,316
Looking at the RSI indicator, you can see how the movement is approaching the support line again, which may result in another price increase, but here you should pay attention to the STOCH indicator which remains near the upper limit, which may result in the need for a price recovery.
Let's start by setting goals for the near future that we can include:
T1 = $3,996
and
T2 = $4,161
Now let's move on to the stop-loss in case the market reverses its trend:
SL1 = $3,699
SL2 = $3,554
SL3 = $3,316
Looking at the RSI indicator, you can see how the movement is approaching the support line again, which may result in another price increase, but here you should pay attention to the STOCH indicator which remains near the upper limit, which may result in the need for a price recovery.