#The Future of Ethereum May 7
Good morning everyone, I sent out the market analysis very early, hoping everyone can profit.
Let's analyze the daily chart of ETH. After yesterday's daily movement, it has basically stabilized around 1750. The short-term bottom correction is nearing its end; the daily chart pattern is actually consolidating at the bottom. As soon as it rises, many people will jump in, and if it holds above the 55 moving average, it will break through 2000.
From the perspective of a single candlestick, the entire pattern is an N-shaped upward line, and the market is showing a bullish increase, indicating strong support below. It may rise tonight along this line. At the same time, the adjacent T-shaped candlestick is forming, which clearly indicates that the bottom pattern has been established, and the potential for a significant rise is high. Additionally, the moving averages are upward, and a golden cross has formed at the bottom, making this the best time for everyone to buy on dips!!! The official upward trend has begun; if you haven't jumped on board, hurry up and find the correction point to get in. Good luck to everyone!
Please follow to avoid getting lost and I'll share the core message for making money with you,
The reason you are losing money is that you can't hold onto your positions. Think about it, is that you? If you lose a bit, you want to cut losses; if you win a bit, you want to cash out. Embrace certainty. Staring at the market will never make you money, and running early will never make you money. Start with light positions and low leverage; increase your positions as you see a big market movement.