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ETH
On December 23, reflecting on yesterday, the overall trend was a volatile decline. Looking at the four-hour chart, it did not effectively stabilize above the short-term resistance level of ma30. The one-hour chart had several pullbacks without effectively breaking through ma5 and ma10, leading to a volatile decline.
The ETH 1-hour indicator shows that the Bollinger Bands open and close corresponds to the range of 2989-2919. The upward midline corresponds to a price of 2969, while the ETH corresponding price is 2962.
Moving Average Indicator. The MA5 and MA10 dual lines going upwards correspond to prices of 2955-2966. The 30-day moving average going down corresponds to a price of 2967. The 60-day moving average going down corresponds to a price of 2991, the 120-day moving average going up corresponds to a price of 2980, and the 240-day moving average going down corresponds to a price of 2973.
MACD: Located below the 0 axis. Bullish volume is gradually increasing, and the dual lines continue to trend upwards. The fast line has crossed above the slow line from below, forming a golden cross upwards.
RSI: 92-90. The dual lines are currently in a composite crossover and are in the overbought phase, but the dual lines have a downward trend.
Upper resistance levels: 2977-2997-3030 Lower support levels: 2929. 2882
ETH Direction: Currently, it is above the upper Bollinger Band on the one-hour chart and should touch the ma360 soon. From the four-hour perspective, it just touched the upper Bollinger Band and has pulled back. However, the current pullback isn't very strong, and it should continue to rise in the next four-hour period.
Summary:
High-altitude strategy: temporarily not available
Long position strategy: 2929 long position, 2882 add position
The first profit point at high altitude:
The first take profit point for the long position is 2977. The second is 3030.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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