7/11 extreme tug-of-war, crazy wash-out, hidden blowout opportunities, wait patiently
No more pretending, the dog dealer is showing off, the main thing is to play, extreme tug-of-war, crazy wash, in the past they would draw a door, now there is no chance to draw a door, pull up and smash directly, long and short both eat, a lot of leeks. In fact, this is also a wash action to wash out some unsteady chips (the next article will share the main four-clock wash technique with you) hidden blowout opportunities, patiently wait, those who have low-priced chips patiently hold, those who don't have chips and don't want to be stunned by the market wait patiently for the box to break through.
The news that Federal Reserve Bank of China's Bostic said inflation can be reduced to the target of 2% without further rate hikes has affected market fluctuations.
Daily Line
It has been fluctuating at a high level for 19 consecutive days, and has been fluctuating around 30,000. It rose to 31,045 in the evening and then fell rapidly. The bottom support of 29,500 has not been broken. Previously, we believed that a drop to around 28,000-28,600 would still be an opportunity to get on board. From the current point of view, 29,500 has not been broken. The main force does not want to release low-priced chips to retail investors, and the market control here is also very strict.
Overall idea: 29500 is bullish if it doesn’t break, assuming it falls below 28000-28600 to continue to rebound📈
4 hours
It stands above the middle track again, and the downward trend line in the box is broken. It stands above the three moving averages again in 4 hours. The market is smashed with a large volume, and the characteristics of washing are obvious. The MACD bottom divergence fast and slow lines form an underwater golden cross.
ETH
The daily line is supported by the bottom of the box, and there is also a second exploration action, and it is still expected to rebound. A golden pit was dug from June 10 to 21. It is still bullish if it does not fall below 1778-1800. MA120 and MA60 support are temporarily suppressed by MA20. If it can stand back to MA20 next, it will be more optimistic. The OBV indicator fell below the yellow line and then rebounded. The MACD column has weakened.
4 hours
After a small-level triangle structure broke through in the evening, it retreated but has not yet fallen back into the triangle. In the 4-hour period, it is currently suppressed by MA60, and the BOLL opening is operating on the middle track.
