Hello everyone, let's take a look at the 4H eth to USDT chart as you can see the price is moving in the local downtrend channel.
Let's start by setting goals for the near future that we can consider: T1 - $ 1,329 T2 - $ 1,337 T3 - $ 1,346 T4 - $ 1,357 and T5 - $ 1,371
Now let's move on to the stop loss in case of further market declines: SL1 - $ 1,308 SL2 - $ 1296 SL3 - $ 1,286 SL4 - $ 1278 and SL5 - $ 1264
Looking at the CHOP indicator, we can see that in the 4H range the energy has been used, while the MACD indicator shows that the blue line is close to the red line crossing from below, which could confirm the upward trend change.
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