Coin Emperor: Will the narrow range of more than 1600 tests complete the bottoming out and the counterattack is about to begin?

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1 year ago

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Click to watch: Coin Emperor: Narrow Range Box Testing Over 1600 Times to Complete Bottoming and Start Rebound?

Looking at the ETH daily chart, it is still in a short-term small range oscillation, with a rebound intention in the overall candlestick chart deviating far from the moving average. For those who are cautious, you can consider unloading at the short-term pressure of 1670. However, from the overall perspective of the current market, it is currently in the stage of testing around the low of 1600. If it stabilizes successfully, the subsequent upward space will be quite good. Therefore, the box structure support will still pay more attention to whether the level of 1600 can complete the bottoming. Once it breaks, it will be necessary to focus on the bottom structure conversion of this round and then decide on the subsequent strong and weak conversion positions opportunistically! In terms of indicators, the overall daily chart is still oscillating, but the price is currently at a low level, so it is worth trying to buy low. If bottom fishing is successful today, then the short-term pressure level that everyone can focus on is 1670. Personally, I believe that if the level of 1600 stabilizes successfully, then the upward space will be unlimited.

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Mainly targeting spot, contracts, BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT

Proficient styles: mobile lock-in warfare around high and low support and pressure

Short-term band high and low, medium and long-term trend orders, extreme retracement on the daily chart, top prediction on the weekly K-line, head prediction on the monthly chart

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