There are continuous positive news in the market, but the market trend is falling and dying.
Is it true that all the good news is bad news? Many people are still worried about whether there will be a big drop.
But the market gave us the answer. Ethereum's daily line is indeed in a downward trend, although there is no obvious stop-loss signal at present.
But from the decline in the market and the comparison of the previous wave of decline, the volume is shrinking. The current price is also on the right side of the long-term trend line, and a hammer line with a long lower shadow appears at an important support position.
It shows that the support position below is strong, and the probability of inertial decline is relatively high. Even if it falls, the amplitude will not be too large.
Ethereum has a stop-loss signal in four hours, and it is currently in a volatile trend.
The small level will evolve into a large level, so the possibility of a continued sharp drop at this position is very small.
Therefore, the market will be very good throughout August, especially for those high-quality altcoins that have not yet started.
If you don't want to go through such a long cycle and want to see profits in a short period of time,
then you can tell me.
It just so happens that I am planning to ambush a spot recently, and I expect a 40-60 increase.
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