#风险回报比 $ETH
Yitai 1750 to 1800 has resistance, 4-hour Vegas moving average + lower D turning point + bullish extension area are all in this zone, so short-term here is resistance
Yitai may represent the current situation of the vast majority of altcoins in the market, a reckless plunge like jumping off a cliff, without any decent rebound. This indicates that both Yitai and altcoins have not yet reached the bottom
Yitai's lowest this time is around 1370, which is clearly the 1.618 support level of this new downtrend. Coincidentally, 1370 is close to the lower Bollinger Band support, so combined with Bitcoin and news, the rebound is far from happening. First, consider what position Yitai can show a decent rebound targeting the decline from 4000 to 1370, shouldn't the rebound at least be 800+ to 1000 dollars?
So is Yitai above 1300, or will it go down to the area of 900 to 1100?
If we assume Bitcoin's position from 746 to 737 corresponds to Yitai at 1300, then finding the area below Bitcoin can help locate Yitai's area, is it overlapping with 900 to 1100? If it overlaps, then the spot is a very good entry point. It can't be called purely left-sided, but it's also a relatively left-sided position.
Yitai 1750 to 1800 has resistance, 4-hour Vegas moving average + lower D turning point + bullish extension area are all in this zone, so short-term here is resistance
Yitai may represent the current situation of the vast majority of altcoins in the market, a reckless plunge like jumping off a cliff, without any decent rebound. This indicates that both Yitai and altcoins have not yet reached the bottom
Yitai's lowest this time is around 1370, which is clearly the 1.618 support level of this new downtrend. Coincidentally, 1370 is close to the lower Bollinger Band support, so combined with Bitcoin and news, the rebound is far from happening. First, consider what position Yitai can show a decent rebound targeting the decline from 4000 to 1370, shouldn't the rebound at least be 800+ to 1000 dollars?
So is Yitai above 1300, or will it go down to the area of 900 to 1100?
If we assume Bitcoin's position from 746 to 737 corresponds to Yitai at 1300, then finding the area below Bitcoin can help locate Yitai's area, is it overlapping with 900 to 1100? If it overlaps, then the spot is a very good entry point. It can't be called purely left-sided, but it's also a relatively left-sided position.
