【Price Trend Analysis】
K-line Pattern:
Recently, the price fluctuated between 57,000 and 59,000, with large fluctuations.
There were multiple long upper and lower shadows, indicating that the market diverged greatly.
Technical indicators:
MACD: Currently, MACD is in the negative area, but DIF and DEA are gradually approaching, and there is a possibility of forming a golden cross, and the short-term bullish signal is strengthened.
RSI: The RSI value is close to 50, and it has not entered the overbought or oversold area, indicating that the market has no obvious trend direction for the time being.
EMA: EMA7 (57661.2) is slightly lower than the latest price, EMA30 (57784.1) and EMA120 (57628.7) are both higher than the latest price, with short-term support, but medium- and long-term still need to be observed
Short-term advice; mainly low-to-long
Buy near 57300, first target 58200, second target 59000, stop loss 600 points, first target reached, stop loss position moved up!
ETH reference pie!
