Hello everyone, let's look at the 4H ETH to USDT chart, as we can see, the price cannot break through the uptrend line, remaining in the downtrend.
Let's start by setting goals for the near future that we can include:
T1 = $3,705
T2 = $4098
and
T3 = $4734
Now let's move on to the stop loss in case of further market declines:
SL1 = $3,354
SL2 = $2,902
AND
SL3 = $2,581
Looking at the RSI and STOCH indicators, we can see an attempt at a deeper recovery, just as the BTC price is currently recovering.
Let's start by setting goals for the near future that we can include:
T1 = $3,705
T2 = $4098
and
T3 = $4734
Now let's move on to the stop loss in case of further market declines:
SL1 = $3,354
SL2 = $2,902
AND
SL3 = $2,581
Looking at the RSI and STOCH indicators, we can see an attempt at a deeper recovery, just as the BTC price is currently recovering.