Today's thoughts:
Ethereum ETH is the leading coin of altcoins;
At present, it can be said that it has both certainty and profit and loss ratio. At a price of 2300+, let alone 4k, it should not be a problem to look at 2.8 or 3k, right?
When there is certainty and profit and loss ratio, what else do you need to worry about? You know, if Ethereum doesn't work, then 90% of other altcoins will not have much to do.
So, whether altcoins can take off or not, you have to be optimistic about Ethereum; don't spray Ethereum while looking forward to the take-off of altcoins, isn't this contradictory?
[Price trend analysis]
K-line pattern:
The recent price has shown a downward trend, especially from October 1 to October 3, there have been obvious continuous negative lines. On October 2 and October 3, a long lower shadow was formed, indicating that there is a certain amount of buying support at a low level.
Technical indicators:
MACD: Currently in the negative area, and both DIF and DEA diverge downward, indicating that the short-selling force is dominant.
RSI: Currently, the RSI value is close to 30, entering the oversold zone, but it has not stayed there for a long time. It is necessary to observe whether there will be a rebound.
EMA: The short-term EMA (7) has crossed the medium- and long-term EMA (30,120), and the price is running below EMA (7), showing strong downward pressure.
Trading volume:
Trading volume increased significantly from October 01 to October 03, accompanied by price declines, indicating heavy selling pressure.
Trading volume has decreased in recent cycles, which may indicate that market sentiment is becoming cautious.
Buying point 1: 2300 USDT (close to the previous low, there may be support)
Buying point 2: 2250 USDT (integer level support, and a lower buying opportunity)
Buying stop loss point: 2235 USDT (slightly lower than buying point 2, to prevent further decline risk)
In the world of currency, which is full of variables;
We must remain calm and rational;
Only then can we move forward steadily in the storm;
Follow Chuang Ge;
Let you become both a winner and an expert in investment!
