$ETH Ether Market Analysis
From the four-hour perspective, the Bollinger Bands are trending downward with a slight opening, and the price broke below the lower band in the morning. Both KDJ and MACD are turning downward, and the trading volume remains weak.
Although the four-hour chart is in a downward consolidation, the strength is noticeably insufficient. Moving forward, we will primarily focus on shorting at high points.
Once the price rebounds above 2640, we can open a short position with a stop loss of 30 points, and set the take profit target around 2530.
Having experienced three cycles of bull and bear markets, I specialize in short-term swing trading strategies. I analyze real-time strategies every day, and those interested in watching the strategies can follow $ETH for free.
From the four-hour perspective, the Bollinger Bands are trending downward with a slight opening, and the price broke below the lower band in the morning. Both KDJ and MACD are turning downward, and the trading volume remains weak.
Although the four-hour chart is in a downward consolidation, the strength is noticeably insufficient. Moving forward, we will primarily focus on shorting at high points.
Once the price rebounds above 2640, we can open a short position with a stop loss of 30 points, and set the take profit target around 2530.
Having experienced three cycles of bull and bear markets, I specialize in short-term swing trading strategies. I analyze real-time strategies every day, and those interested in watching the strategies can follow $ETH for free.
