$ETH
Brothers, good afternoon, Ethereum analysis
Now drawing a daily level Fibonacci retracement, from this wave's high to the previous wave's high, we can see that 4360 is the 0.5 position, and it rebounded after reaching 0.5. Generally, 0.5 is a turning point for bulls and bears. I also didn't expect this retracement to be so deep; this retracement is too large.
When breaking 4580, the five-minute K-line has already aligned bearishly, but I personally am not used to shorting, so I didn't go short. 4360 cannot be broken; if it breaks, the upward trend will be lost.
On Saturday and Sunday, liquidity is generally low. With low liquidity, it is advised not to open positions. You can review past trades; if you want to go long, you can consider going long near the 4380 position.
If you like Jin's clever strategy, you can click to follow. If you're stuck or don't know what to do, you can look for a hometown; free indicators are given to everyone every day, $ETH
