Alkhtry55
Current Market: Are the Bulls in Control?
Currently, the market is in the "Attempt by the bulls to regain control after a short-term oversold rebound."
1. Support Confirmation: The 4-hour and hourly charts show that ETH has formed a clear double bottom or stabilized at a support level.
2. Indicator Convergence:
• Hourly / 4-hour chart: The price successfully broke through the middle of the Bollinger (BOLL) range, and the MACD has completed a golden cross below zero and started to expand, which is a typical sign of a rebound beginning.
• Daily chart: After bouncing from the middle of the Bollin
Currently, the market is in the "Attempt by the bulls to regain control after a short-term oversold rebound."
1. Support Confirmation: The 4-hour and hourly charts show that ETH has formed a clear double bottom or stabilized at a support level.
2. Indicator Convergence:
• Hourly / 4-hour chart: The price successfully broke through the middle of the Bollinger (BOLL) range, and the MACD has completed a golden cross below zero and started to expand, which is a typical sign of a rebound beginning.
• Daily chart: After bouncing from the middle of the Bollin
ETH0,61%
