7.18 ETH

Market analysis:

  1. 1 hour chart：The Bollinger Bands slowed down in the downward channel, and the price of the currency began to rebound after touching the lower track and EMA80. Currently, it is close to the range of EMA15 and EMA30, and DIF turns and closes at DEA at a low level below the 0 axis.

  2. 4-hour chart: MACD continues to spread downward after forming a high-level death cross, indicating that the space below has not yet been exhausted. It is still in the oscillation range. If it breaks through the oscillation range below, you can pay attention to the support of the EMA30 and EMA200 ranges. If the support is not broken, you can consider taking more, and the defensive position is at the three-line cross support position of EMA120, EMA80 and EMA60.

Operation suggestions:

  • Multiple order layout:

    • Retracement range: 3350-3330, main long 2%

    • Covering range: 3270-3250, covering 4%

    • Stop loss: 3230

    • Take profit: 3390-3430

    • Breakout: If it breaks 3440-3470, it can continue to look to the previous high of 3510

  • Short order layout:

    • Focus on the position: 3530-3550 breakout situation, determine whether to make a layout

Summary and suggestions:

  • Ethereum currently shows signs of rebounding in the downward channel, but we still need to pay attention to key support and pressure positions.

  • Investors are advised to remain flexible in their operations, pay attention to position management, and make good stop-loss and take-profit arrangements.

  • Long orders are mainly entered in the 3350-3330 range, with the point of adding positions at 3270-3250, and the target is 3390-3430. If it breaks through 3440-3470, the previous high of 3510 can be seen.

  • When planning short positions, you need to focus on the breakout of the 3530-3550 position to decide whether to enter the market.

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