Jincai Talk about Currency: Ethereum Enters Oscillation Maintenance Range, Pay Attention to Support and Breakthrough, Support is Still Waiting for Further Market Trends!
Every day, personal recommendations will be published in the live trading group, grasping key points, controlling positions, and following trends. Mainly focusing on spot, contracts, adept at trend layout, operating around short-term waves, medium and long-term trends, daily, weekly, and monthly trend top and bottom predictions!
Click to watch the video: Jincai Talk about Currency: Ethereum Enters Oscillation Maintenance Range, Pay Attention to Support and Breakthrough, Support is Still Waiting for Further Market Trends!
Ethereum's market also oscillated around the lower support over the weekend, rebounding again after a short-term retracement and decline. The current four-hour trend is also oscillating and building a bottom between MA5 and MA10. The short-term indicators are currently at high levels, and there will be a retracement interval in the short term. However, the overall lower support at the moment is around 1610-1600. If it breaks, the market will continue to decline to around 1560, while holding the support can gradually observe the strength of the rebound. The upper pressure is at 1660-1670. For the intraday market, maintaining the range between high short and low long in this range is sufficient. If the upper pressure is not broken, short-term retracement and decline can be traded, and if the upper pressure is broken, continue to look upwards. Maintain the range and wait for a breakthrough, with a focus on the weekly closing tomorrow morning!
Market fluctuations are fast. Due to the impact of review timeliness, for the subsequent market trends, real-time layout in the live trading group is the main focus, and the recommendations are for reference only!
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