Crypto Circle Academician: 1.20 Ethereum's three-tier jump support is effective? The box bottom has been confirmed! Latest market analysis and thought reference
The current price of Ethereum is 3220, it is now 5 AM Beijing time, the main force has hit the key node support at 3170, this is the key support for the three-tier jump, without this wave of pullback, the bulls will not completely explode, so the 3200 second northern point given yesterday is valid and can be held, the rest is left to time
Before the release of the daily K-line, the highest was 3283 and the lowest was 3175, the EMA trend indicator is still contracting towards the predetermined position, currently returning to the trend bottom support, according to the contraction trend, it is highly likely to form a dense area around 3200, MACD short-term volume reduction, DIF and DEA are contracting at high points, the Bollinger band middle support 3180 is effective, and the upper track focuses on 3400,
The four-hour K-line has the suspicion of a U-shaped transition, meaning that the market has moved down from 3350 to the 3170 line, it is expected to return to the 3350 line and form a bottom divergence head and shoulders pattern, MACD volume reduction, DIF and DEA are contracting below the 0 axis, Bollinger band lower track support 3188, middle track 3280, upper track at 3370, the overall trend has come to the box bottom, at the midline support position, so it is necessary to move northward from this point
Short-term reference: (Actual combat data has been updated for details, consult the author)
The lower support from 3200 to 3170 is effective for moving north, stop loss 40 points, target looking at 3300 to 3400, breaking point looks at 3450
The upper pressure from 3350 to 3400 is effective for moving south, stop loss 40 points, target looking at 3300 to 3250, breaking point looks at 3200
Specific operations are based on real-time market data. For more information details, you can consult the author. There may be a delay in article release, and it is recommended for reference only, risk is self-borne
