📊#ETH RSI diverges from the bottom, and a reversal signal | Wolf_king88 on Binance Square

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📊#ETH  RSI diverges from the bottom, and a reversal signal appears?
The situation is similar for ETH and BTC, but the action of ETH may be faster
Are you bearish or bullish?
#crypto2023  #Binance  #trading  #wolf_king888 

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ETH

2,234.84

-7.09%

BTC

53,893.71

-5.08%

680

0

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📊#ETH Spot Trading Opportunities🔥 🧠We eventually broke below the support zone, continuing the power of the bearish cup-and-handle structure, and the support zone turned into a resistance zone. If we continue to extend the downtrend, then we can consider buying some ETH after reaching the target area of 2078-2200 of the cup and handle structure. Let’s see 👀 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 #Wolf_king88 $ETH

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📊Where is the next support zone for #BTC ❓ 🧠Although there was a strong rise today due to the stimulation of the news, a long structure was not established on the hourly chart, so I cautiously maintained a wait-and-see attitude. Today's trend is very similar to yesterday's trend. They both rose sharply and then fell sharply. The difficulty of trading has increased a lot, so please be sure to do a good job in risk management. ➡️At present, we have fallen below the staged support area, and the next strong support area is 50k-52k, which deserves our focus. Let’s see 👀 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 #Wolf_king88 $BTC

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📊#ETH Bullish Head and Shoulders Structure❓ 🧠From a structural perspective, we can see that an obvious bearish cup-and-handle structure has been established, but we need to note that this structure is established within the buying zone of the large cycle, so its effectiveness needs to be verified. ➡️Judging from today’s structural evolution, we have the opportunity to build a bullish head and shoulders structure in the buy zone. If this structure holds true, the bearish cup-and-handle structure will fail. ➡️ So if you followed my point of view to go short yesterday, then it is reasonable for you to lock in the main profits before looking forward to more. We did not participate in the short transaction of ETH because we have already done the short transaction of BTC, and their transaction logic is similar. Let’s see 👀 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 #Wolf_king88 $ETH

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📊#BTC Bullish Head and Shoulders Structure❓ 🧠From a structural perspective, we encountered obstacles after completing the goal of the long structure. Yesterday we also emphasized the strong resistance near 58250. Today we saw the opportunity to build a bearish double top structure near the selling zone and entered a short trade. At present, the goals of this structure have been fully achieved and the short order has been closed. If you opened a short position near strong resistance yesterday, you should reduce or close your position now. ➡️Currently we are in a position where the support zone and the buy zone overlap, which is considered the heaviest support zone. If we rebound from here and can break through the inflection point of 58500, then we have the opportunity to build a bullish head and shoulders structure. If this The structure holds, then we may be able to reverse the downward trend. Let’s see 👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯 #Wolf_king88 $BTC

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📊#ETH Bearish Cup and Handle Structure📉 🧠From a structural perspective From a structural perspective, we successfully constructed a bearish cup-and-handle structure after falling below the neckline of 2397.23. The ideal target area for this structure is 2078-2200. However, this structure is built in the buying zone of a large cycle, and I am not sure whether it can achieve its ideal goal. 📈Currently we are near the neckline resistance of 2397.23. If we fall from here to near the support area to build an hour-level long structure, then there is a high probability that we will not reach the ideal target area of 2078-2200. 📉If we rise directly to the inflection point resistance area, then the probability of us continuing to fall will be higher. Unless we can break through the short defense point, we should not be too optimistic. Let’s see 👀 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 #Wolf_king88 $ETH

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