#BTC #ETH From the daily chart, we can see that: If the price fails to break through after rebounding and continues to fall, the currency market will experience a sharp drop.
April 3, 2024, 16:37 $ETH , a double break occurred. The downward trend line and the 3326 resistance line have both been broken. Multi-investment market appears.
Can anyone explain this? There are two places in the picture where the top of the Yin line is not aligned with the top of the Yang line on its left. This is the first time I have seen this in a cryptocurrency candlestick chart. Can anyone explain it? Refreshing doesn't work. This happened before, and it returned to normal after refreshing.
April 3, 2024, 11:58 ETH, if it can break the previous high line of 3326, You can consider going long. Take profit around 3400, Stop loss is around 3295.
If it cannot break the previous high line of 3326, Going long carries high risks. Please think again.
April 3, 2024, 10:39 ETH, currently in consolidation, Where to go after consolidation, It is very important to see whether it can break through the previous high. Of course, it is also possible not to touch the front high line at all.
For short-term traders, It is not suitable to place an order at the moment. Because the direction of the K line is unclear. It is recommended to wait and see first.
April 2, 2024, 17:27. ETH ended its downward trend after the shock. It reached 3306. Next, the K-line will move up for a while. If it breaks the trend line above, it may mean that the decline after April Fool's Day is over. If it does not break the trend line, it will move down further. Of course, it may also turn down far away from the trend line. 3300 is a strong resistance level. If the K-line wants to move down, it needs to rebound and accumulate strength to hit 3300. The K-line has rebounded many times at 3300.
April 2, 2024, 13:36. ETH is still fluctuating, After the shock, it may go up first and then down. Or maybe straight down. [We will see the result around 16:00. 】 Whether it is the first situation or the second situation, The trend is to go down, hit 3300, and run towards 3200.
April 2, 2024, 12:46. ETH is currently in a period of shock. After the shock, it may go up first and then down, or it may go directly down. I tend to go up first and then down. No matter it is the first case or the second case, the trend is to go down, hit 3300, and rush to 3200.