May 19th ETH Analysis
In the short term, the market may continue to remain weak. The appearance of a beltline indicates that current selling pressure is strong, while the 1-hour EMA indicator is starting to slope downwards, showing insufficient short-term upward momentum. There is still a possibility of further declines in the short term. The MACD in the larger cycle still looks bullish, but the daily level volume is insufficient and is about to cross into a death cross.
Clearing chart: Clearing to 2427, the short forces have barely completed their liquidation.
Support levels: 2351, 2312
Resistance levels: 2437, 2513
In the next couple of days, it's better to primarily take short positions, as the trend suggests. Today's strategy is to place short orders in the range of 2427-2437.
KAITOI FORM WCT
