September 11th Big Cake Ethereum Analysis
The daily level of Big Cake has formed a fluctuating upward pattern, with prices repeatedly testing the middle Bollinger band before quickly bouncing back. The false breakthrough pattern further confirms the effectiveness of the middle band as support. Currently, all periodic moving averages have formed a bullish arrangement, with limited room for retracement, and the overall trend remains strong.
The four-hour chart also shows characteristics of an upward channel, with the middle band continuously rising. If there is a short-term pullback, it still presents a good opportunity for low buying. Overall, the previous downward channel has been broken, and the bulls are continuing to build momentum, with targets looking towards the upper Bollinger band area.
Operational Suggestions:
Big Cake: 113100-113600 range look towards 115000-116000
Second Cake: 4310-4350 range look towards 4450-4500
