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ETH: Disadvantage sorting
2022-11-18
1366
Fundamental analysis:
Ethereum maintained the shock near 1200. A group of Web3 companies convened by ConsenSys and Allinfra, together with civil society leaders and UNFCCC Climate Innovation Center, announced the creation of Ethereum Climate Platform (ECP). These projects will reduce greenhouse gas emissions and have a positive environmental and social impact for a long time to come.
Ethereum ETHUSD - 4-hour K line diagram shows:
Technical analysis:
The 4-hour chart shows that the low position narrow range consolidation and translation, the market maintains a narrow range weak trend, and it may remain hovering in the short term, the MACD indicator is in the weak consolidation under the 0 axis, and the RSI indicator is in the weak hovering under the 50 equilibrium line;
Empty turning point: 1179
Pressing: 1245, 1293
Support: 1141, 1108
Trading strategy: bullish above 1179, target 1245, 1293
Alternative strategy: 1179 lower bearish, target 1141, 1108
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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