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3.31｜ETH "Weak Rebound" is online: Don't chase! This wave may be a bull trap! ⚠️
Hello, friends of Gate, I am Arthur. The movement of ETH today reminds me of a saying: #BTC If it moves slowly, it's better not to move.
Currently, the K-line is walking on a tightrope close to the lower Bollinger Band. Although there is a technical rebound opportunity, the sentiment is weak, and the MACD death cross is imminent, with the DIF line looking as if it has been hammered by life.
📊 The market atmosphere is as follows:
- Doji + Bottom Formation = Rebound Window;
- MACD momentum is low, unable to break through the middle track at 1940;
- ATR is at a low level, indicating a calm market.
📌Reference point:
- Support line: 1820;
- Resistance levels: 1940/1960;
- Remember to set your stop loss, or the rebound will be in vain.
Do you think ETH will have a rebound or continue to "go with the flow" in a sideways movement? Feel free to share your thoughts in the comments below 👇
I am Arthur, pay attention to the comments, the top team free consultation channel is open to you, serving only ambitious madmen.