Technical analysis of Ethereum (ETH) contract on March 29: Today, the large-cycle daily level closed with a medium-yin line yesterday, the K-line pattern continued to be negative, the price was below the moving average, and the attached indicator was golden cross and running with shrinking volume. The decline in the general trend was still relatively obvious. The previous corrective rise was also to lay the foundation for the second decline. This point is very clear, so we are still firmly bearish in the direction; the support position below that needs to be paid attention to is near the 1750 area; the short-cycle hourly chart yesterday's price fell and broke through the previous low position, and the morning support rebounded and corrected. The current K-line pattern is continuous and positive, and the attached indicator is running with a golden cross. It needs to be corrected during the day, and the correction high pressure position is near the 1920 area.
Today's ETH short-term contract trading strategy: sell at the rebound 1920 area, stop loss at the 1850 area, and target the 1860 area;
Today's ETH short-term contract trading strategy: sell at the rebound 1920 area, stop loss at the 1850 area, and target the 1860 area;
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.