Technical analysis of ETH contract on July 1:
Today, the large-cycle daily level closed with a small negative line yesterday, the K-line pattern was a continuous positive single negative, the price was at a high level, and the attached indicator was running in a golden cross. The overall upward trend is still very obvious, but it is still necessary to emphasize the risk of a large price retracement. Trading continues to be short-term and just follow the trend; the short-term hourly chart currently continues the overall trend of yesterday, the K-line pattern is a continuous negative, the attached indicator is running in a dead cross, and the price is below the moving average, so it is likely that the decline will continue during the day, and the lower low point will focus on the 2430 area; in addition, the price returns to the moving average pressure position near the 2475 area;
Today's ETH short-term contract trading strategy:
Sell at the 2475 area when it rebounds, stop loss at the 2505 area, and target the 2430 break to see the 2405 area;
Today, the large-cycle daily level closed with a small negative line yesterday, the K-line pattern was a continuous positive single negative, the price was at a high level, and the attached indicator was running in a golden cross. The overall upward trend is still very obvious, but it is still necessary to emphasize the risk of a large price retracement. Trading continues to be short-term and just follow the trend; the short-term hourly chart currently continues the overall trend of yesterday, the K-line pattern is a continuous negative, the attached indicator is running in a dead cross, and the price is below the moving average, so it is likely that the decline will continue during the day, and the lower low point will focus on the 2430 area; in addition, the price returns to the moving average pressure position near the 2475 area;
Today's ETH short-term contract trading strategy:
Sell at the 2475 area when it rebounds, stop loss at the 2505 area, and target the 2430 break to see the 2405 area;
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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.