Technical analysis of ETH contract on June 6:
Today, the large-cycle daily level closed with a large negative line yesterday, and the K-line pattern was still a single negative and single positive. The price was below the moving average. The attached indicator was dead cross. The bottom support position of the rectangle below was in the 2300 area. This is what we should focus on next week. Only when this position is broken, the overall downward trend will be formed and move downward; the short-cycle hourly chart maintained a range oscillation trend for a week. Under the stimulation of yesterday's data, it continued to break downward. It is necessary to pay attention to a top-bottom conversion pattern. The previous low support of 2500 has turned into the current pressure level.
ETH short-term contract trading strategy:
Short in the 2500 area, stop loss in the 2550 area, and the target is the 2400 area
Today, the large-cycle daily level closed with a large negative line yesterday, and the K-line pattern was still a single negative and single positive. The price was below the moving average. The attached indicator was dead cross. The bottom support position of the rectangle below was in the 2300 area. This is what we should focus on next week. Only when this position is broken, the overall downward trend will be formed and move downward; the short-cycle hourly chart maintained a range oscillation trend for a week. Under the stimulation of yesterday's data, it continued to break downward. It is necessary to pay attention to a top-bottom conversion pattern. The previous low support of 2500 has turned into the current pressure level.
ETH short-term contract trading strategy:
Short in the 2500 area, stop loss in the 2550 area, and the target is the 2400 area
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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.
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.