Hello everyone, let's take a look at the 4H ETH to USDT chart as you can see the price is moving above the local downtrend line.
Let's start by setting goals for the near future that we can consider: T1 - $ 1,405 T2 - $ 1,527 and T3 - $ 1704
Now let's move on to the stop loss in case of further market declines: SL1 - $ 1,452 SL2 - $ 1,345 SL3 - $ 1,257 SL4 - $ 1167 and SL5 - $ 1,038
Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy and the MACD indicator indicates entering a local downward trend.
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