Technical analysis of ETH contract on April 30:
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 above the moving average, and the attached indicator was a golden cross with a shrinking volume. However, at present, the rise did not break the high and did not continue. The decline also did not see the strength and continuation. It is likely to be a fluctuating trend. Therefore, we should not think too much about trading, just keep short-term; the short-cycle hourly chart was under pressure and retreated in the morning. Yesterday's high point was in the 1842 area, and the previous low point supported the 1722 area; this is the current range of range fluctuations. The current K-line pattern is a continuous negative, and the attached indicator is dead cross running, so there is still a high probability of a downward trend during the day.
Therefore, today's ETH short-term contract trading strategy; sell at the 1800 area, stop loss at the 1830 area, and target the 1730 area;
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 above the moving average, and the attached indicator was a golden cross with a shrinking volume. However, at present, the rise did not break the high and did not continue. The decline also did not see the strength and continuation. It is likely to be a fluctuating trend. Therefore, we should not think too much about trading, just keep short-term; the short-cycle hourly chart was under pressure and retreated in the morning. Yesterday's high point was in the 1842 area, and the previous low point supported the 1722 area; this is the current range of range fluctuations. The current K-line pattern is a continuous negative, and the attached indicator is dead cross running, so there is still a high probability of a downward trend during the day.
Therefore, today's ETH short-term contract trading strategy; sell at the 1800 area, stop loss at the 1830 area, and target the 1730 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.