🚀🚀🚀K Analysis is here!
4-hour strategy for building positions at $ETH :
1. K-line pattern: 4-hour level: Recently, a long upper shadow tested 2603 and then fell back, with 2571 forming short-term support. Daily level: After a massive long bullish candle broke through the 2500 integer level on July 3, it is currently in a high-level fluctuation, with the 2570-2600 range being obvious.
2. Technical indicators: MACD: The 4-hour level DIF (37.77) is still above DEA (30.27), but the histogram is shrinking, and the fast and slow lines have diverged after the daily golden cross.
3. RSI: The 4-hour RSI (60.95) is not overbought, while the daily RSI (56.16) is neutral to strong. EMA: The price is stable above EMA30 (2509), and EMA7 (2573) forms a bullish arrangement with EMA30.
Trading volume: On July 3, the single-day trading volume reached 504944, significantly higher than the 30-day average, indicating a volume-price matching breakout. Currently, the 4-hour volume is shrinking, and no panic selling has occurred.
【Buy and Sell Points】
Buy Point One: 2550 USDT (above the 4-hour EMA30 support level of 2509, integer level support)
Buy Point Two: 2520 USDT (above the daily EMA30 key support of 2485, resonance with the previous low)
Long Stop Loss Point: 2500 USDT (breaks below the integer level and EMA30 support, trend weakens)
Sell Point One: 2600 USDT (4-hour high resistance at 2603, selling pressure at the integer level)
Sell Point Two: 2630 USDT (daily previous high resistance at 2635, EMA7 suppression above 2584)
Short Stop Loss Point: 2650 USDT (breaks through the previous high of 2635 + integer level, shorts fail)
In summary, the 4-hour trend is primarily sideways! Waiting for the overall trend to emerge in the afternoon!
