2024.3.29 #ETH Market Analysis

Chart Analysis (H1 Chart)

1) H4 has an upward trend, H1 fluctuates and falls.

2) ETH also has two ranges: red and blue, but the strength is clear at a glance. Let’s look at the red range first. Currently, ETH is still oscillating in the discount zone (lower half), so we say that only when the range-EQ breaks through and stands firm can we continue to look upward.

3) Look at the blue range again. Here, it takes an upward structure to test range-H. After making an EQH, it makes a concussive decline in the premium zone. We still say that the bullish OB cannot fall below H1. As long as it remains in the premium zone, an upward breakthrough is inevitable. Therefore, if H1 is bullish and OB falls back, it is a buying opportunity.

Trading recommendations:

1) The short position breaks through and stands on the spot in range-H.

2) Pay attention to H1, which is bullish on OB. Accumulating funds is a buying opportunity, and if it falls below the stop loss.

3) Pending order H4 bullish OB

PS: This article is only my personal opinion and does not serve as investment advice. Please be responsible for your profits and losses. The community morning report is updated twice a day, including market analysis of multiple trading pairs such as #BTC🔥🔥🔥🔥 #ETH #SOL . Welcome to join the community to read.