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Ethereum Evening Thoughts
Continuing from yesterday's trend, today remains bullish. If you don't short this weekend, you won't succeed for the week. I've just studied the short-term and 4-hour charts, both are trending upwards, but very slowly. The trading volume and trend are not very high. However, at this 3890 position, it is not suitable to chase longs, and this weekend's rise is unlikely to be significant. Therefore, it is more appropriate to short. Looking at the Fibonacci retracement, today's oscillation space is stable around 3877-3890, giving the illusion that the bulls are very strong and ready to break through at any moment. However, the 4-hour chart still shows a downward trend. This weekend will definitely be a washout; it just depends on who gets washed out. Without further ado, here’s the strategy.
Short at 3920-3950
Bros, fasten your seatbelts, the ride is starting.
$ETH
Continuing from yesterday's trend, today remains bullish. If you don't short this weekend, you won't succeed for the week. I've just studied the short-term and 4-hour charts, both are trending upwards, but very slowly. The trading volume and trend are not very high. However, at this 3890 position, it is not suitable to chase longs, and this weekend's rise is unlikely to be significant. Therefore, it is more appropriate to short. Looking at the Fibonacci retracement, today's oscillation space is stable around 3877-3890, giving the illusion that the bulls are very strong and ready to break through at any moment. However, the 4-hour chart still shows a downward trend. This weekend will definitely be a washout; it just depends on who gets washed out. Without further ado, here’s the strategy.
Short at 3920-3950
Bros, fasten your seatbelts, the ride is starting.
$ETH
Aviso legal: contém opiniões de terceiros. Não é um aconselhamento financeiro. Pode incluir conteúdo patrocinado. Consulte os Termos e Condições.
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