Wednesday Lunchtime Two Pancakes Jingyi’s Thoughts


The overnight Two Pancakes are strong, having locked in 35 points of take-profit. The current daily chart shows the death cross continuing, with bearish forces in the lead. The 4-hour chart is about to form a golden cross, suggesting a small short-term rebound; it falls into a pattern of “rebound with room to sell at higher levels.” The Bollinger Bands are closing and flattening, indicating a typical ranging market.

Trading Suggestions
Set up orders for ETH on the rebound in the 2260-2300 range, with potential downside targeting 2240-21500 and then 1928374656574839201.
ETH-1.37%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned