Let me share my analysis on Ethereum's oscillation!!
K-line Trend: The daily K-line shows that the price of Ethereum has recently exhibited a box oscillation pattern, with no significant breakthroughs on either the upward or downward movements. This kind of market often tests the patience and mentality of investors. The four-hour K-line shows a continuation of the bearish trend, but after a failed attempt to break through the EMA30 resistance level, it starts to fall back below the trend indicator. This indicates that the bullish momentum in the market is insufficient, and the bearish forces are gradually strengthening.
Technical Indicators:
The EMA trend indicator is diving downwards, and the distance between the fast and slow lines is increasing, indicating a bearish market trend. The MACD volume is decreasing, and both the DIF and DEA are also contracting, but the bullish momentum is insufficient, and the K-line divergence remains unchanged. This indicates that the market trend is not obvious, but the bearish forces are gradually gaining the upper hand. The Bollinger Bands are in a contracting market, and the K-line has not yet made a strong move to hit the middle line, instead fluctuating above the lower line. This further confirms that the market is in an oscillating state.
Market Dynamics and Trading Strategy
Market Dynamics:
Recently, the trading volume of Ethereum has decreased, and the volume drops when the price rises, indicating a weakening of upward momentum. The market is quiet, and trading is inactive, so everyone should maintain a cautious attitude.
Trading Strategy:
For short-term small investors, safety comes first. Stop-loss and take-profit measures should be in place to avoid expanding losses. The current market trend is not clear, and long-term investors are advised to adopt a wait-and-see approach, waiting for the trend to become clear before taking action. If the market shows a breakout trend, consider following the trend, but be mindful of risk control.
Te Te is also continuously laying out the divine plan!!!
Leave 999⑤ in the comments to frequently get on the bus!!
