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#加密市场小幅回暖 ETH analysis, yesterday ETH tested the middle band of the daily chart upwards but did not break, pulling back above the ma5, oscillating and rising. Following the blogger's point from yesterday is where one can make money.
Technical analysis of the four-hour chart shows that the Bollinger Bands' three lines are closing horizontally. The three lines correspond to prices 3044, 2996, and 2947. If the price stabilizes above the four-hour middle band, it will continue to test the daily chart's middle band upwards. The four-hour MA240 is forming a short-term resistance. The MACD fast and slow lines have crossed downwards but have not opened yet, showing a horizontal trend, and the bearish volume is insufficient. The RSI fast and slow lines crossed downwards in the overbought area and then closed in the normal area, with the fast line about to enter the oversold region. In the one-hour chart, the three lines of the Bollinger Bands are parallel, with the middle band forming short-term resistance, and the moving averages are in a composite crossover. The MACD fast and slow lines have formed a golden cross below the zero axis, indicating that bullish volume is starting to emerge. The RSI fast and slow lines formed a golden cross in the oversold area and then closed in the normal area, showing a horizontal upward trend.
Conclusion: The market is oscillating upwards, and after not breaking the middle band, it will pull back.
Resistance: 3065 3206 3394
Support: 2915 2829
Strategy, if it does not break 3070 upwards, short it, add position at 3260, reduce position after pullback, if it rises again, add position at 3370.