Daily review of ETH interval 4H

Hello everyone, let's take a look at the 4H ETH to USDT chart as you can see the price is moving below the local downtrend channel.

Let's start by setting goals for the near future that we can consider:
T1 = $ 1,565
T2 = $ 1,585
T3 = $ 1,611
and
T4 = $ 1,643

Now let's move on to the stop loss in case of further market declines:
SL1 = $ 1,514
SL2 = $ 1,485
SL3 = $ 1,462
SL4 = $ 1,439
and
SL5 = $ 1,406

Looking at the CHOP indicator, we can see that in the 4H range the energy slowly starts to rise, while the MACD indicator shows a local downward trend.
4hrchartETHETHUSDTfibonaccianalysisFibonacci RetracementFundamental AnalysisTechnical IndicatorsstoplosstargetsTrend Analysis

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