5.6 Big Pie Ethereum Strategy
51 The holiday has ended, officially returning to guiding work. Currently, looking at the big cycle daily chart for Big Pie, the K-line price is running below the 5-day and 10-day moving averages, and the 5-day moving average is starting to turn down. The MACD indicator has just formed a death cross at a high level, and the green momentum bars are beginning to expand. The KDJ indicator's three lines are diverging downwards. Overall, the daily chart shows a bearish situation.
Now, looking at the short-term 1-hour chart, at 11 o'clock the 1-hour chart closed, forming a long lower shadow small bullish line (hammer candle). The K-line is near the middle track of the Bollinger Bands, which will certainly give some rebound for the upcoming trend. Currently, the coin price is 94300, and it is expected to rebound to the 94600-94700 range. Overall, based on the major trend, we can short during the rebound. During the day, wait for the rebound at the 94600 range to short, with an initial target of 93500. 93000 has strong support; if it breaks 93000, continue to short with a target of 92000.
Operational Strategy:
$BTC : Wait for the rebound at the 94600 range to short, with a target of 93500. If the coin price breaks 93000, continue to short with a target of 92000.
$ETH : Short near 1810, with a target of 1765.
Want to double your account, want to enjoy large profits, want to successfully recover losses
Stay close to the market and seize the opportunity for the main bull market wave!