🌹Happy weekend, brothers!
🔥🔥🔥In-depth analysis of Saturday's ETH market: Is 2550 a good buying opportunity?
Currently, the $ETH price hovers around 2550. After reaching a temporary high of 2879, it has started a deep pullback trend. It is worth noting that the price exhibits strong support at the 2500 integer level, with bearish forces clearly weakening, and the trumpet for a bullish counterattack seems to be about to sound!
Three major cycles resonate, with significant bullish signals:
- Daily level: After a large bearish candle, small bullish candles have been consecutively formed, and the MACD indicator has begun to show early signs of bottom divergence; at the same time, the long lower shadow near 2500 further confirms the effectiveness of support at this price level.
- 4-hour level: The double-bottom pattern is forming a solid bottom, and the EMA7 moving average golden cross is about to form; the lower Bollinger Band is beginning to turn upward, with short-term resistance looking towards the 2600-2650 range.
- 1-hour level: The small cycle's bottom divergence pattern is confirmed, and the moving average system has completed a golden cross, indicating that a short-term rebound trend has already taken shape.
Intraday trading strategy: It is recommended to focus on buying on pullbacks. Due to relatively light trading in the weekend market, the market is likely to present a choppy consolidation pattern. Specific trading strategies need to be flexibly adjusted based on real-time market changes!
