8.22 Brother Tian #ETH Perpetual Contract 1-Hour Chart Analysis: Opportunities and Risks Under Bull-Bear Competition

## Technical Pattern Turning Point, Bulls Starting to Show Strength

From the ETH 1-Hour Perpetual Contract Candlestick Chart, the current price is within a descending wedge pattern. In technical analysis, the descending wedge is often seen as a potential bullish reversal pattern, indicating that after a period of bull-bear competition, the bearish strength is gradually weakening. Recently, the price has received effective support near the lower trendline of the wedge, and there are signs of stabilization, which is a signal that bullish strength is beginning to accumulate.

In terms of technical indicators, the DIFF line and DEA line in the MACD indicator are gradually approaching below the zero line. If a golden cross can form, it will provide technical support for the bulls. Although the overall trading volume is stable, if it can increase in tandem with price increases in the future, it will further confirm the upward trend.

## Future Trends Have Variables, Key Levels Determine the Situation

For the subsequent market, if the price can effectively break through the upper resistance level of the descending wedge (approximately around 4350), and if the volume supports it, then the upward space is expected to open, and attention can be paid to the resistance near the previous high points. However, if the price falls below the lower trendline support of the wedge again (around 4160), it may continue the downward trend.

## Trading Advice: Manage Risks, Respond Flexibly

For conservative investors, it is recommended to continue observing until the price clearly breaks through the upper trendline of the wedge. Aggressive investors can take small positions for long orders at the current position, with stop-loss set below the lower trendline of the wedge. Once the price breaks upward and confirms effective support with a retest, they can appropriately increase their positions, and adjust the stop-loss to lock in profits based on profit conditions. It is essential to remember that the cryptocurrency market is highly volatile, and it is crucial to manage positions wisely and implement effective risk management. #行情分析📈