ETH-----Sell near 2010, target 1920 area

107
Technical analysis of ETH contract on March 27: Today, the large-cycle daily level closed with a small negative line yesterday, the K-line pattern was a continuous positive single negative, the price was still at a low level, the attached indicator was a golden cross with a shrinking volume, and the general trend was still obviously downward. The current pullback trend is to prepare for the next big drop; the technical trend of the four-hour chart has touched the high point of 2110 twice in a month, which is quite obvious. The current K-line pattern is a continuous negative, and the attached indicator is a dead cross, so there is a high probability that there will be a continued retracement trend; the short-cycle hourly chart fell in the European session yesterday and the US session continued to break the low, and the high point of the correction was near the 2025 area. Similarly, today we need to see a continued decline, and the pullback cannot break the high point of the correction.

Today's ETH short-term contract trading strategy: sell at the current price in the 2010 area, stop loss in the 2040 area, and target the 1920 area;

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.