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#ETH 4H analysis
We mentioned in the previous article
ETH’s 4H and 1D closed above 1619.77
Or the default black rectangle interval oscillation
It’s a pity that we couldn’t get on the long side here at 1600
Current rectangular shock breakout
It is expected to reach the green range of point D
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#ETH 1H analysis
ETH is still in line with previous expectations
Hold the orange range and increase by 1.8%
It fell below the orange range and fell 4.1%.
Of course, in the process of falling 4.1%
It first reached 1619 and rebounded 1.27%
It almost went according to our ideas but it was larger than expected.
It fell to 0.618, where the green arrow rose.
and bounce back quickly
The current closing of 4H and 1D is still higher than 1619
I still default to oscillating within such a black line.
Assume that the current black arrow rebound has ended
You can consider entering the long position at 0.618 in the black arrow range.
That is (1600.59)
SL is just below the red line
ETH is still in line with previous expectations
Hold the orange range and increase by 1.8%
It fell below the orange range and fell 4.1%.
Of course, in the process of falling 4.1%
It first reached 1619 and rebounded 1.27%
It almost went according to our ideas but it was larger than expected.
It fell to 0.618, where the green arrow rose.
and bounce back quickly
The current closing of 4H and 1D is still higher than 1619
I still default to oscillating within such a black line.
Assume that the current black arrow rebound has ended
You can consider entering the long position at 0.618 in the black arrow range.
That is (1600.59)
SL is just below the red line
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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