Jincai Talk about Currency: Ethereum is bottoming out after the retracement and waiting for a rebound to see the pressure. Only by surpassing the pressure can it continue to break through!
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Click to watch the video: Jincai Talk about Currency: Ethereum is bottoming out after the retracement and waiting for a rebound to see the pressure. Only by surpassing the pressure can it continue to break through!
After the retracement and decline in the midnight, the overall market of Ethereum is still in the process of bottoming out and oscillating. The retracement and decline in the early morning is because the short-term pressure above the daily line needs to go through a round of retracement and selling before opening up the subsequent market. Therefore, the market has gone through this round of retracement. The overall market has been explained to everyone before. Just grasp the market overall. The intraday market is also oscillating and bottoming out around the support below, with the support around 1550-1560. Holding the support below can indicate the strength of the rebound. The key gain or loss above is at 1590. Only by surpassing the pressure can it continue to rise further. The subsequent target above is at 1610-1630. Intraday, it is still oscillating and bottoming out, waiting for the market to complete the bottoming out. After surpassing the pressure above, it can continue to break through. Currently, the daily line has completed the volume, and for the subsequent market, it is bottom support and waiting for breakthrough. Once the pressure is surpassed, it can continue to rise in the long term!
The market fluctuates quickly. 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 suggestions are for reference only!
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