Crypto Circle Academician: When will the 5.5 Ethereum 'boiling frog' market end? Currently no room for operation, be careful not to be boiled to death! Latest market analysis reference
Current price of Ethereum is 1830, it is currently 4 AM Beijing time, the 'boiling frog' market continues, the daily K-line has been hovering above the EMA30 support point of 1775 for a long time, this is a slow rising channel, neither the upper nor lower levels have reached the expected points, what we need to do now is wait for the formation to appear before choosing an entry point, before that, we need to hold onto our chips and survive
Daily K-line highest 1850, lowest 1820, no operational space, EMA trend indicator at a higher level starts to consolidate, accompanied by a long period of 'boiling frog', MACD volume continues to decrease, gradual decline, K-line divergence has not come down, DIF and DEA broke the 0 axis and moved to a high position, the upper Bollinger band has reached 1940, the lower band has reached 1730, the pressure level is moving up, there is reason to believe that the main force is preparing to stretch, after the next bottom test, consider testing long positions
The four-hour K-line horizontal upward channel is more obvious, K-line has been revolving around the EMA15 and 30 two trend lines for accumulation, MACD decreases in volume and increases in positions, DIF and DEA are expanding downwards, the Bollinger band is still contracting, the upper band has reached 1850, the lower band focuses on 1818, it is originally a box pattern, and now the box pattern continues to contract, thus the operable space is compressed, there is no need for operation in the short term, temporarily focus on Bitcoin or other currencies, Ethereum will observe first
Short-term reference: Safety first, remember that the market is never 100% so always set stop-losses, safety first, small losses and big gains are the goal
Northern testing point 1770 to 1750, defend 1730, stop loss 30 points, target looking at 1800 to 1840, if broken look at 1870
Southern testing point 1860 to 1880, defend 1900, stop loss 30 points, target looking at 1820 to 1800, if broken look at 1775
Specific operations should be based on real-time data from the market, for more information details can be consulted with the author, article publication has a delay, suggestions for reference only, risk is self-borne $ETH
