ETH is in a strong short trend. We can see that a strong short trend has formed in William alligator, and the death cross under the central axis of 0.00 in MACD also indicates a strong short trend. In the short term, the ETH price has been slightly adjusted after a sharp drop. 1031 has been verified as a resistance level by the price. Next, the position of 997...
BTC ushered in a small correction after a strong decline in the short term. You can see the part of MACD. The line segment is in the death cross state and below the 0.00axis, indicating the strong energy of bear market. Therefore, I think BTC will continue to fall. What traders need to pay attention to is the resistance line of 18943. It is very important whether...
The price of ETH can be seen that it has broken through the lower channel and is a strong short energy. The opening of Bollinger brand is still diffusing, and the compression of EMA is still there. After the sharp decline, ETH enters a short adjustment phase, and stoch is about to usher in gold cross, which is expected to continue to fall after a small rebound.
The trend of BTC, as we predicted, ushered in a decline. We can see that the trend of the downward stage has been slightly affected by the resistance of Fib Retracement and the lower end of the rising channel. If traders have shorted in our initial analysis, they can close their positions. At present, there is no obvious signal at this stage. Judging from the...
The chart shows the trend of ETH. I maintain my view that the price is in the upward channel, but traders need to consider various possibilities. The price is close to the 0.5 line of Fib Retracement and the trend line below the rising channel. I think it will be a very strong resistance level, but if the price breaks through the upward channel, ETH may end the...
As we analyzed earlier, BTC is currently in a short-term trend. It should be noted that the 0.5 line of Fib Retracement may be the resistance line. If the price breaks through the resistance line, the price will fall between the squares. If it breaks through the trend line, we will short directly, which will be regarded as a signal for BTC to stop the adjustment...
The recent trend of ETH is reflected in the upward channel. It is estimated that it will be blocked by the 1,281 US dollars resistance line in the short term, reaching the position of 1,190 US dollars. MACD also shows the trend of dead cross. For a long time, wait for the price to break through and give a short signal below the rising channel.
Now BTC is between the rising channels, and you can see that the price is resisted by the channel and the resistance line of $22,000. In the short term, BTC can be shorted. The forward sharp drop position of $26,661 is used as a price resistance line, and the intersection of the trend line and the channel as the target, will be a good shorting position. The price...
ETH is about to usher in a small callback. We can see that EMA suppression energy is very sufficient. In Stochastic Oscillator, we can see a small golden cross and the index is below 20%, indicating that a small callback is coming soon. At the same time, we can see that the price deviates from the Stachoastic Oscillator, which supports the view of a small...
This analysis uses four technical indicators. First, EMA still has a suppressing effect. Second, the diffusion trend of Bollinger band opening is strong. Third, the price is under the central axis of Fib Retracement, indicating that the energy of shorts still exists. Finally, Stochastic Oscillator is at the bottom of 20%, indicating that it will usher in a...
ETH is now between rising channels in the short and medium term. It can be seen that in Fib Retracement, the price is above the central axis, indicating that bulls have an advantage. Traders can short in the channel for a short time. The stop loss point is set at about 1,210 US dollars above the orange channel, and the take profit point is set at about 1,130 US...
Under the long-term trend, BTC is still a short trend. You can see in the chart that the two adjustment stages before are about 22 to 25 days, but now the BTC adjustment stage is 21 days old. It is estimated that the adjustment stage will be completed in about two or three days. Through the Fib Retracement, you can see the position of the central axis, about...
In the chart, it can be seen that bullish crossover of MACD has a weakening trend, because it is resisted by the resistance line of 1,172 US dollars. The Bollinger band has not closed. It will fall slightly in the short term. After receiving the support of the trend line, it will rise. The target is 1,280 US dollars. It has long been believed that ETH will usher...
We can observe the current position sorting in two forms. The first is the ascending channel, and the second is the convergent triangle. The current position should short. Even if the triangle is broken up, it does not mean that the market is reversed. It can only be said that the price may be near the resistance line of the rising channel. Now it's just the...
ETH recently stepped out of a triangle pattern. The resistance line is located at 1,280 US dollars. You can consider long in the short term. It is very important at the price of 1,280 US dollars. It may be resisted and fall back to 1,148 US dollars. If you break through the resistance line, it is expected to rise to 1,550 US dollars, which will be a good short position.
BTC climbed to $20,000 as we expected. Now investors need to pay attention to the trend after breaking through the upper channel. It is recommended to wait for a clearer market signal before entering. If there is no breakthrough, we will continue to maintain the original plan, with the target of 18,000 US dollars. If the price continues to rise after the...
It can be seen that the trend lines are convergent. Consider short-selling in the short term. In the long run, wait for the price to be short after approaching the trend line. The target is to fall by 18,000 US dollars. BTC is still in the adjustment stage, and the bottoming out is expected to be completed in July.
Using the trend line and channel to bearish ETH in the short term, a more conservative investment method can be to wait for the price to break through the channel to form a right flag, although the profit is not large. Or investors can consider shorting for a long time when the price rise is close to the intersection of the trend line and the channel.