The old bull of Ethereum eats slowly, and the trend is always slow. Yesterday, he issued two consecutive articles to remind everyone that the short trend is very strong. Follow the trend. The point is very clear. The entry point is 3520, and the bottom is finally settled at 3350. Today's week 6. Generally, the market on weekends has one thing in common: it is sideways, with few large-scale fluctuations. In addition, the weekly correction has dropped by more than 200 points, and the overall trend of the market has changed.
The daily K-line hit the EMA moving smooth index top pressure level of 3520 for two consecutive days and then fell back. There was often insufficient kinetic energy, strong short positions, and a large space below. MACD continued to shrink and go down. The K-line was sideways and above 3300, fluctuating back and forth. , KDJ failed to close for the first time at 3.17, and the second time at 3.20. Without the golden cross, the K line would be difficult to break through the first pressure level of 3520. The Bollinger Bands went sideways, and the K line has been dangling above the lower track support point of 3190.
The four-hour ultra-short trend is bearish. The K-line has closed negative five times in a row, falling below the EMA trend indicator. The MACD has ended its heavy volume and has begun to shrink downwards. In addition, DIF and DEA have alternately formed downwards. Bulls need to wait until the indicator for the next entry point. The retracement of KDJ is blocked by 3300. The previous support point of 3390 in the middle of the Bollinger Bands has become a pressure level. Below, pay attention to the overall trend of 3150 support, which is weak.
Today's ultra-short-term thinking, the first entry point for short orders is 3390, the second entry point is 3520, and the stop loss is 3550. Below, pay attention to the first support point 3250, the second support point 3200, and the stop loss 3150. The specific operation is based on the real-time data of the market. Mainly, it is recommended for reference only and at your own risk.
