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ETH: high order
2023-01-11
1098
Fundamental analysis:
Ethereum remained volatile around 1337, British City Minister Andrew Griffith: It is unlikely that the UK will legislate on cryptocurrencies in 2023. Rather than be the first to launch a digital currency, it is better to make the right choice. After all, making a digital pound is a work that will take a long time.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
The 4-hour chart: the bullish momentum moved up within a narrow range, bullish sentiment emerged in the market, the short-term bullish momentum continued to move upward, the MACD index was in the bullish area and the RSI index was in the high overbought zone and hovered around the 80 balance line. ;
Long-short turning point: 1331
Suppression: 1350, 1359
Support: 1321, 1312
Trading strategy: Bullish above 1331, target 1350, 1359
Alternative strategy: bearish below 1331, target 1321, 1312
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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