Analyzing ETH, I carefully studied it and found that the probability of rising is still high, regardless of the news, because it is in a large triangle as a whole, and the cycle has lasted for two months. The small-level price rebounded and touched the lower edge again, which shows that this trend line is effective and has a certain support strength. Although ETH has strong selling pressure, it has to be said that ETH is still the first choice of capital except for the big cake, and the last round of bull market started in the second half of October, so the probability of going to 2150-2200 is too low. I think the support line of 2300 below is an important position. If it does not fall below this support line, the price will break through in the later period and break this large triangle. Secondly, the current pattern is very similar to the pattern from early to mid-September. It can be understood as the first wave rising and the second wave pulling back, and this small-level decline is the second retracement (2-wave retracement) stage of the 4h level. After the stop-loss signal appears, the main rising wave will begin to rise. Therefore, I think the small level here will either take off directly or take off after hitting a small low point. No matter which way it goes, it will rise. Considering the risk issue, I plan to wait for a small retracement to the 2350-2330 range to buy more, and the defense line will be placed at 2300u. The cost-effectiveness is super high, because the loss of about 30-50 points will be broken through the defense line, but the judgment is correct. The main rising wave high point is expected to be 2630u, provided that it can be held. If it takes off directly, don’t be afraid. The spot has already configured several firm holdings. The above is only a personal opinion for reference only! #ETH🔥🔥🔥🔥 $ETH
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