I rarely analyze the market, but this situation is indeed a good opportunity to open a short position. The 4h level touches the downward trend line, and the 15m level has a trend of volume-price divergence
What use is TMD's conspiracy theory all day long? ETH has plummeted significantly while OM remains unaffected, which can only indicate that there are funds protecting the price, unwilling to let it drop. So it can only go up! I don't care if it's left hand selling to the right hand, isn't it nice to follow the direction of the main funds and enjoy the gains?
From my perspective, ETH is forming a relatively steep VCP pattern, and it is about to complete the fourth pullback. Each pullback in magnitude and trading volume has indeed been decreasing, and the chips are gradually concentrating. But will this be the last pullback?
Only when the trend line achieves a volume breakout will it be the right time to confidently go long.
K-line arrangement: The high point is blocked, the low point is stopped, and it is blocked near 0.213. This is the beginning of the supply column before the decline
Trading volume: The volume is shrinking when it rises, and the volume is increasing when the last high is formed. Those who understand Wyckoff should know what this means.
ETH View False breakout and drop back, the range of 3807-3896 was previously a price vacuum area, but it was supported at 3853 during the pullback, indicating that there is new buying interest in this area. The price has returned to near this support, which presents a worthy opportunity to make a long bet. #ETH #永续合约 #跟着驰哥学交易