ETH: Long and short opportunities in volatile market conditions

In the analysis of ETH on November 27, it was mentioned that ETH is currently in the adjustment stage at the daily level. Yesterday, the ETH price fell and hit around $1,985 before rebounding. Since the lowest point (yellow circle position) has entered the downward channel, we tend to believe that the support effect of the downward channel is not obvious, and there is a high probability that it will continue to find a new one in the future. Lower support.

From the perspective of technical indicators, in the 1-hour data, OBV has rebounded slightly, which is a short-term stop signal; MACD has formed a golden cross and begun to approach the 0 axis; the 30-day moving average temporarily suppresses the price. If it successfully stands above 2020, There is a chance for a short-term rebound.

Generally speaking, after the daily line has been negative for three consecutive times, there is a chance for a short-term rebound. However, this is just a rebound. The adjustment at the daily level has not ended. It is expected that the price will still be suppressed again after touching the red line area. return.

operate

Short-term long-term opportunities: open a long position at the current price and take profit at 2080.

Short selling opportunities: Place limit price short orders in batches from 2090 to 2110.