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ETH: Roll back after moving up the low position
2022-09-28
1325
Fundamental analysis:
Ethereum maintained the shock near 1319, and Glass, the NFT video platform based on Solana, announced the completion of a seed round financing of 5 million dollars, led by TCG Crypto and 1kx. Glass brings the creator video market into the Web3 field by encouraging NFT investors, creators and fans to buy NFT videos.
Ethereum ETHUSD - 4-hour K line diagram shows:
Technical analysis:
The 4-hour chart shows that the low position short-term narrow amplitude shock moves up slowly, the bulls pull back when they are blocked, the bears power wait for an opportunity to enter the field, the MACD index hovers around the weak axis, and the RSI index is in the narrow range consolidation below the 50 equilibrium line;
Empty turning point: 1328
Pressing position: 1359, 1396
Support position: 1278, 1244
Trading strategy: 1328 bearish, target 1278, 1244
Alternative strategy: bullish above 1328, target 1359, 1396
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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