ETH

1. The weekly line closed with a long lower shadow negative line. Because the K-line closing position is at the previous high pressure level, the K-line pattern is interpreted as a high hanging neck line, which tends to peak in the short term

2. In conjunction with the trend line and the weekly trend of 2021.8.16, even if it rises in the short term, the space is relatively limited. The potential long target refers to 4250-4300 (reverse short position)

3. In the daily chart, the previous high pressure near 4K was touched and the callback was made. The reverse support of the previous platform high point was effective and then rebounded. The main problems at present are

(1) The height of the rebound does not break the recent high point, and it is more inclined to digest the pressure of the big negative line. The trading volume during the period showed a shrinking increase, and there was a divergence between volume and price

(2) The pressure in the 4000-4100 range objectively exists, forming a strong pressure. The potential trend refers to:

<I>, the recent high point is blocked by the loop, forming an M top

<span break through the recent high point, the upper space refers to the X-line suppression, and complete the A wave callback after the 5th wave

4. In the 4H chart, the price rebounded in the process of the previous high callback, supported by the EMA moving average + low volume concentration belt. The 3500 support can still be used as an important reference for long orders

5. The price trend in Gann angle line is relatively standard. Breakthrough and retracement operate according to different angle line rules. In the short term, pay attention to the 3/1 line (reverse pressure) and the previous high resonance pressure. Support refers to the EMA moving average + 4/1 line Resonance support of the line

6. In the short-term trend, we need to pay attention to the time cycle law of high-level rise and fall (6 days) + previous trend law: shrinkage and consolidation on weekends, and changes on Monday

Trading strategy

Short order: short in batches around 4000-4050, average price 4025, stop loss 4125, target around 3925-3800 (counter-trend + high-altitude game + short-term)

Long order: long in batches around 3700-3600, average price 3650, stop loss 3500, take profit 3800-4000 (low-level pending order)

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