8.13 Analysis of Erbing
Trading idea: Set a range layout for a rebound in the 1890-1900 zone. Place stop orders/boundary at 1915 ("Zhisun"). First target: 1875. If it breaks down, look for 1860. If it pulls back near 1870 and stabilizes, you can lightly enter/hold for a short position; set "Zhisun" at 1860, and aim for around 1890.
From the 1H cycle perspective of Erbing: Earlier, price surged to 1927.00, then after hitting a top, it faced pressure and fell back. There was insufficient upside momentum to push higher. After that, it moved into a period of consecutive downward movement, with the low reaching 1872.19. The Bollinger Bands overall show a downward diverging pattern. The middle band line acts as a strong resistance level. The sell pressure from the trapped positions accumulated during the earlier downward phase is heavy. When price rebounds back into the resistance range, it is easy to encounter selling pressure again. In the short term, moving averages remain arranged in a downward/weak posture, continuously suppressing the candlestick movement. Overall, the downward/weak trend dominates. The current stage is weak consolidation and recovery after the down move. The market surface has not yet shown clear reversal signals. Volume is gradually shrinking, and momentum on both the long and short sides is limited. The overall weak pattern remains unchanged $ETH #ETH
Trading idea: Set a range layout for a rebound in the 1890-1900 zone. Place stop orders/boundary at 1915 ("Zhisun"). First target: 1875. If it breaks down, look for 1860. If it pulls back near 1870 and stabilizes, you can lightly enter/hold for a short position; set "Zhisun" at 1860, and aim for around 1890.
From the 1H cycle perspective of Erbing: Earlier, price surged to 1927.00, then after hitting a top, it faced pressure and fell back. There was insufficient upside momentum to push higher. After that, it moved into a period of consecutive downward movement, with the low reaching 1872.19. The Bollinger Bands overall show a downward diverging pattern. The middle band line acts as a strong resistance level. The sell pressure from the trapped positions accumulated during the earlier downward phase is heavy. When price rebounds back into the resistance range, it is easy to encounter selling pressure again. In the short term, moving averages remain arranged in a downward/weak posture, continuously suppressing the candlestick movement. Overall, the downward/weak trend dominates. The current stage is weak consolidation and recovery after the down move. The market surface has not yet shown clear reversal signals. Volume is gradually shrinking, and momentum on both the long and short sides is limited. The overall weak pattern remains unchanged $ETH #ETH