ETH


January 18th review: Yesterday's overall movement was a sideways consolidation. The four-hour chart shows touching the upper Bollinger Band and then a pullback.
On the 1-hour ETH chart, the Bollinger Bands are opening with the range between 3400-3220. The middle band is trending downward, corresponding to a price of 3310, with ETH at 3211.
Moving averages: MA5 and MA10 are crossing downward, corresponding to prices of 3297-3252. The 30-day moving average is trending downward at 3309. The 60-day moving average is trending downward at 3301, the 120-day at 3312, and the 240-day moving average is parallel at 3217.
MACD: Currently below the zero line, bearish momentum is gradually increasing, with a death cross downward.
RSI: 0-4. The dual lines are now in the oversold phase.
Resistance levels: 3252, 3290. Support levels: 3130, 3085.
ETH Direction: Downward
Summary:
High-altitude strategy: Not recommended to short today.
Low-position strategy: Long positions around 3130, add to positions at 3085.
ETH-2,15%
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