$ETH Although ETH showed some signs of dropping yesterday, the market did not break below the 17th at 8 AM, which surged 3458 points (perpetual point), indicating that the breakout was unsuccessful. The market is in a range-bound oscillation and is supported by the lower Bollinger band on the 1-hour chart.
If you can read indicators, it's clear from the 15-30 analysis that there is a momentum for an upward trend, but there is a process. From 4 to 8 AM, the market is clearly set to rise; this is the answer I deduced from last night's indicators.
For aggressive traders, it's advisable to take low-risk long positions and check the market at 4 AM.
For those who analyze indicators daily, you can see through the connection of time frame indicators how many hours the market roughly needs to break through either upward or downward, thus reducing unnecessary time spent monitoring the market.
Technical analysis of indicators is the only foundation for successfully managing contract swings; developing a personal operating system is the way to survive.
