ETH market analysis on March 5th! Plan in advance, BTC will be halved in April, major news is good, and the bull market is coming!
It is expected that BTC will be halved in four years on April 19. Each Bitcoin halving is an increase of tens of thousands of points, and it is the most significant news after the adoption of interest rates and ETFs. Last week and this week, I have been asking everyone to go long and go long on dips. Anyone who sees the post or comes to me is always going long on dips. The general direction is perfect and accurate! If you keep up, you will be safe!
ETH trend market is very accurate, and you can also grasp the general direction. There are two parallel trend lines, which are constantly moving upward. When you encounter the lower trend line, you can go long. Whether it is spot or contract, there may be a temporary delay when you encounter the upper trend line. Retracement, combined with Fibonacci to determine the support level and pressure level, you can know the take-profit and stop-loss levels!
ETH's 4-hour technical indication is that the MACD top and back trend has not ended yet. KDJ is also heading upward, with signs of a slight correction. The OBV indicator is also upward. Combined with the support level of 3735, it is close to this position to go long. The current callback is as low as 3750. nearby. There are three retracements in total. The pressure is very high at 69,000, so there are more retracements.
ETH retracement, go long near 3750-3760, target near 3830, pin near 3850! Detailed guidance as soon as possible!