$ETH 15 minutes line, the current aggressive buying may also achieve this result. The U.S. stock market is expected to fall in the evening.
So during the day, a small rebound to create space
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道格ETH策略
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$ETH Strategy. 【1, 19 Market Update, Strategy Recommendation】
Still this trend channel chart.
It is obvious that the upward trend has broken through the upper track. The 3400 range is still under pressure, combined with news from the 'King of Knowledge' that caused the market to plummet.
This also aligns with our last analysis. If it goes bearish, it will drop to around 3230. Of course, we just need to see if the 3100 purple range can hold, and form a rebound pattern.
If not, then we will look at 3000 and 2900. If these two levels are also broken, it remains the same. Ethereum liquidity only supports down to 2400.
So the current situation is like a needle. There is no need to short or go long. Whether you are shorting or going long, it's all a gamble.
(The graphical interpretation is that it is close to a long position, but does not show a supportive pattern. Switching to a smaller level rebound also lacks strength. As for shorting, it's really just chasing. It may catch a big move, but depends on luck.)
The 4-hour MACD has broken below the zero line, and the daily line may have a death cross.
Therefore, based on the upper track of the channel, if it breaks, I am more inclined to short. Observe the entry range at the two levels of 3230 and 3260.
As for going long, I will wait for a stable point to enter. During the day, first look at 3150 (current position shows a 5-minute divergence. There could be an intraday fluctuation of 1%~2% rebound.)
With such a drop, unless another positive news pulls it up. Because with this news out, you don't know if the US stock market will crash tonight.
If the US stocks drop sharply, it may affect the cryptocurrency market.
Be cautious whether it's bullish or bearish.
Summary: A long position, but if it drops too sharply, observe first. For shorting, wait for a suitable entry on the rebound. Do not chase directly. Chasing directly does not provide a good stop-loss position. It's easy to get washed out.
#加密市场观察
{future}(ETHUSDT)
Still this trend channel chart.
It is obvious that the upward trend has broken through the upper track. The 3400 range is still under pressure, combined with news from the 'King of Knowledge' that caused the market to plummet.
This also aligns with our last analysis. If it goes bearish, it will drop to around 3230. Of course, we just need to see if the 3100 purple range can hold, and form a rebound pattern.
If not, then we will look at 3000 and 2900. If these two levels are also broken, it remains the same. Ethereum liquidity only supports down to 2400.
So the current situation is like a needle. There is no need to short or go long. Whether you are shorting or going long, it's all a gamble.
(The graphical interpretation is that it is close to a long position, but does not show a supportive pattern. Switching to a smaller level rebound also lacks strength. As for shorting, it's really just chasing. It may catch a big move, but depends on luck.)
The 4-hour MACD has broken below the zero line, and the daily line may have a death cross.
Therefore, based on the upper track of the channel, if it breaks, I am more inclined to short. Observe the entry range at the two levels of 3230 and 3260.
As for going long, I will wait for a stable point to enter. During the day, first look at 3150 (current position shows a 5-minute divergence. There could be an intraday fluctuation of 1%~2% rebound.)
With such a drop, unless another positive news pulls it up. Because with this news out, you don't know if the US stock market will crash tonight.
If the US stocks drop sharply, it may affect the cryptocurrency market.
Be cautious whether it's bullish or bearish.
Summary: A long position, but if it drops too sharply, observe first. For shorting, wait for a suitable entry on the rebound. Do not chase directly. Chasing directly does not provide a good stop-loss position. It's easy to get washed out.
#加密市场观察
{future}(ETHUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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