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ETH: Low level sorting
2022-11-21
1384
Fundamental analysis:
Ethereum maintained the shock near 1204. Vitalik Buterin, the co-founder of Ethereum, said in an interview that it is strange that Singapore distinguishes the use of blockchain from cryptocurrency. The reality is that if you don't have cryptocurrencies, the blockchains you own are fake, and no one will care about them. He believes that if Singapore is skeptical of cryptocurrency, its ambition to become a digital asset center may not be realized.
Ethereum ETHUSD - 4-hour K line diagram shows:
Technical analysis:
The 4-hour chart shows that the low level short-term weak trend is sorted and shifted, the market's empty momentum is weakened, the short-term or tangled low level weak trend hovers, the MACD index hovers under the 0 axis, and the RSI index is sorted out 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
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