From $ETH 's trend, the weekly chart broke through the resistance level and stabilized on August 11, while the daily chart showed a long lower shadow on the bearish candle, highlighting support; the previous week's bearish candle did not break the trend line, and the bearish volume significantly decreased, confirming that the support below $3300 is solid.
During the rise from $1385 to $4788, the bulls continued to exert strength. Although there was a bearish counterattack during the short-term pullback, the price did not drop significantly, indicating that the bears are weakening.
These candlestick patterns and volume details reveal the true market direction, rather than subjective speculation. Retail investors tend to judge the market based on feelings, but they should focus on technical learning. Naked candlestick analysis is most suitable for beginners, as it does not require indicators and complex parameter lines.
The market is like the four seasons; although opinions may be mixed, there will ultimately be a clear direction. #加密市场回调 #币安钱包TGE #主流币轮动上涨
Follow me to view the crypto market rationally, avoid pitfalls, do not chase highs, and make steady profits! $ETH