The following content is machine translation:
In the 4-hour chart, the trend has completed 3 waves of rising. Currently, the 5th wave is blocked at the completion of the 3rd wave. It breaks through the 3-wave high of 1.07 and is expected to complete the 5th wave.
The fast and slow lines of the indicator macd are repeatedly interspersed up and down the zero axis, showing an active performance. The RSI indicator is currently turning its head down near the overbought zone, and there is a possibility of a step back.
In terms of operation, you can wait for a breakthrough of 1.07 to do more, and look at the vicinity of 1.2. If it can't break through, it will form a local double top, and you can also try to go short, stop at 1.08, and look at around 0.9.
In the 4-hour chart, the trend has completed 3 waves of rising. Currently, the 5th wave is blocked at the completion of the 3rd wave. It breaks through the 3-wave high of 1.07 and is expected to complete the 5th wave.
The fast and slow lines of the indicator macd are repeatedly interspersed up and down the zero axis, showing an active performance. The RSI indicator is currently turning its head down near the overbought zone, and there is a possibility of a step back.
In terms of operation, you can wait for a breakthrough of 1.07 to do more, and look at the vicinity of 1.2. If it can't break through, it will form a local double top, and you can also try to go short, stop at 1.08, and look at around 0.9.
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📈📉 Join our analysis channel，加入我们的频道：👇
t.me/CryptoObservation
📈📉 我们的中文电报社区：👇
t.me/CryptoMiningCN
☯️ 我们目前提供更高准确度的交易指引，请加入我们的电报社区后和管理员联系。☯️
t.me/CryptoObservation
📈📉 我们的中文电报社区：👇
t.me/CryptoMiningCN
☯️ 我们目前提供更高准确度的交易指引，请加入我们的电报社区后和管理员联系。☯️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.