Ethereum

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.

Feragatname