May Trading Mid-month Summary
The current market situation was analyzed from the three cycles of daily, weekly and monthly lines.
Different cycles have different directions, which are suitable for groups with different trading styles.
Monthly line: It is clearer to see that April closed with a real big Yin line. At the beginning of this month, it rebounded first, and the highest was close to 50% of the big Yin line in April. Now, according to the law of inertia, the probability of going down in the second half of the month is high, and it is higher than the lowest price in April.
Weekly line: Ethereum performed weakly and has fallen below the lifeline of bulls. There is a risk of accelerated decline later;
Daily line: Both the big cake and the concubine are moving below the trend line, close to the lifeline below. Once it falls below, it will accelerate downward. Before the upper trend line is broken, it is short.
Combined with the rebound trend of the US dollar, there is a high risk of downward movement in the second half of the month.
