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BTC: low position moves down
2022-12-20
1263
Fundamental analysis:
Ethereum remained volatile around 1171, and CoinShares, a digital asset investment and trading group, was listed on the Nasdaq Stockholm Stock Exchange. CoinShares CEO Jean-Marie Mignetti said the listing marked a significant milestone in CoinShares' development and demonstrated its ability to comply with the growing requirements of compliant exchanges.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The low-level short-term momentum maintains shocks and slows down, short-term or entangled with low-level weakness, the MACD indicator is in the short-term area, and the RSI indicator is in the short-term area.
Long-short turning point: 1178
Suppression: 1190, 1201
Support: 1161, 1150
Trading strategy: bearish below 1178, target 1161, 1150
Alternative strategy: call above 1178, target 1190, 1201
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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