Evening Analysis on the 16th
Recent prices have been fluctuating at high levels, forming multiple K-lines with long upper shadows, indicating heavy selling pressure above.
Technical Indicators:
15-minute chart: Prices are below the middle Bollinger band, MACD has initially crossed into a golden cross, and the histogram is forming a good trend below the zero axis.
30-minute chart: Prices are above the middle Bollinger band and close to the middle band, with a downward trend. MACD prices are currently below the zero axis, with the fast and slow lines having crossed together and the fast line gradually extending downward.
Based on the above indicators, we can short Ethereum at suitable positions. Everyone should find the best entry timing. Take your profits and exit, don’t be greedy.
Trading Suggestions:
2580-2610 entry, target 2550-2580, stop-loss at 2650
The market is ever-changing, and strategies should only be referenced based on current price trends; caution is needed when entering the market.
