The Bollinger Bands have narrowed to a string, $ETH waiting at the lower band for the starting gun!
Technical analysis
1. The Bollinger Bands are tightening
Upper band 2566.19, lower band 2480.05, middle band 2523.12 - Channel width only 3.4%
Current price 2423.94 is tightly sticking to the lower band, more extreme than before the crash in September 2023
Mnemonic: In a narrow path, acting randomly will surely bleed your wallet!
2. MACD is playing negative
DIF and DEA are lying underwater, green bars tempting novices
Warning: 60% of similar patterns in the past six months are false rebounds
3. Life or death, a choice between two
Bullish survival: Volume breaks through the middle band at 2523
Bear nuclear button: Volume breaks through 2480
Latest news
ETF becomes 'a piece of waste paper'
5 institutions' S-1 filings are all stuck, probability of passing before August drops below 15%!
The on-chain landmine has been buried
Gas fee only 3 gwei, ** Defi lost 200 million this week
Sheng Ge's personal opinion
Coin holders:
Heavy investors set a stop loss at 2465
Believers move 5% of their positions to TON/MNT
Bottom-fishing madman:
Want to gamble? Use only 1% of funds to hang at 2475 - Don't forget the trap before the LUNA crash!
Airforce warning:
Open short below 2420 = Taking risks in the fire
Tonight at 21:00 is the line of life and death. If the volume breaks through 2465 + 5000 liquidation orders, the tragedy of Three Arrows will be replicated in seconds!
Don't mess around! Follow Sheng Ge and hit the follow button! I'll take you to dig the next batch of tenfold coins! Limited insider info released.
