Crypto Circle Academician: 5.30 Ethereum Large-Scale Pullback at Neckline! Clara Support Line Becomes Lifeline! Latest Market Analysis Reference
Ethereum current price 2635, it is now 1:30 AM Beijing time, heading south again, the main force lured the market up and then experienced a sharp drop, there is reason to believe that this wave is the main force taking profits leading to the drop, from the highest point of 2790 all the way down to around 2620 flat, but breaking 2740 to make up the rise to 2790 this wave is valid, just not as expected, plus the current large-scale market has returned to the neckline for consolidation, so while testing positions south, good defense and stop-loss should be in place, with risk management as a priority
Daily K-line highest 2790, lowest 2620, EMA15 trend fast line support focus on 2540, trend support point focus on 2560, EMA trend indicator overall still shows upward diffusion alternating trend, MACD volume decreasing downwards, DIF and DEA dead cross diffusion trend unchanged, Bollinger Bands are narrowing and getting smaller, the upper band has reached 2695, lower band focus on 2440, the current market is dominated by bearish trends
Four-hour K-line three consecutive bearish, falling into EMA trend indicator, currently standing at EMA30 support 2630, just near the large-scale neckline consolidation, support position if held for too long must be prepared for a breakdown, MACD continuous volume increase ends and begins to decrease, DIF and DEA form a dead cross bearish momentum, K-line also breaks below the Bollinger Bands middle track 2640, focus on lower track support 2530, comprehensive indicators show bearish dominance, testing positions south can be held effectively, temporarily mainly short, those who want to go long should wait for a deeper bottom before considering
Short-term reference: Safety first, remember the market is never 100% so always have a good stop-loss, safety first, small losses big gains are the goal
Northern testing position 2520 to 2480 long, defense 2430, stop-loss 30 points, target looking at 2580 to 2630, breaking position looking at 2680 to 2720
Southern testing position 2690 to 2730 short, defense 2760 short, stop-loss 30 points, target looking at 2650 to 2600, breaking position looking at 2550 to 2520
Specific operations based on real-time market data, for more information please consult the author, article publication may be delayed, suggestions are for reference only, risk is self-assumed
