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ETH: narrowing
2022-11-16
1397
Fundamental analysis:
Ethereum maintained a shock near 1242. Vitalik Buterin, co-founder of Ethereum, said on social media that it was a mistake to automatically reduce everything SBF believed. It is important to really think about and figure out what contributed to fraud and what did not. Don't be the person who wanted to abolish vegetarianism in 1945.
Ethereum ETHUSD - 4-hour K line diagram shows:
Technical analysis:
The 4-hour chart shows that the low order amplitude space narrows, the market bulls begin to slow down and show signs of weakening, the MACD indicator remains weak in the short area, and the RSI indicator is in the narrow range consolidation under the 50 equilibrium line;
Empty turning point: 1231
Pressing: 1278, 1315
Support: 1184, 1147
Trading strategy: bullish above 1231, target 1278, 1315
Alternative strategy: bearish under 1231, target 1184, 1147
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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