Analysis of the market in the morning of May 31. ETH and BTC have been falling for 4 days in a row‼ Where does the whipsaw will occur before the surge. The market in the these two days is really essential. Whether ETH goes up to 4100 or down to 3400 first which determines whether a volatile and fluctuating bull market will be formed or the bull market will end. The key points are as follows.From the candlestick chart below, you can see that the range from 3360 to 3500 formed a dense support band after Ethereum rose sharply from 3080 to 3800 in which there are a lot of investors going long, but the trading volum is small and not sufficient below 3550. It is sure that the price will surge above 4100. However, I am not sure that whether ETH will rise directly from 3720 to 4100 or continue to retrace to force those longs exit their open position and then will surge to 4100 after rising to the range from 3350 to 3470. At present, it is more likely that ETH will surge from 3700 to 4130, because there have a retracement when ETH attempt to hit the area of 3950 for three time after a surge, and most of the longs have been eliminated in the past two days. At the same time, there is a trend of eliminating longs during the narrow fluctuations near 3700. We also called for going long at 3720. Then the current price is 3770, so we have a floating profit first, and there is no risk to hold this position until it rise to 4100. You can see that ETH soared from 3080 to 3800 overnight. At the same time,we also published our trading strategy to go long at 2885 in advance. If there are people who didn’t open trading, we also reminded everyone again to go long at 3058 before the surge. As a result, ETH plunged to the lowest point of 3049, so we successfully opened long positions and got profits‼Excellent teams can make huge profits and win the trust and hearts of followers. OUR TEAM HAS MADE HUGE PROFIT MORE THAN￥30 MILLION. Our team will publish market analysis and and predictions with accurate points and directions to fans for free everyday. #MegaDrops #meme_coin
