5.22, Friday — ETH Morning Analysis


The lower Bollinger Band is at 2128.39; the price has already broken below it. Short-term oversold conditions suggest a rebound and a correction are needed, but the rebound height is limited.
The MA7/MA30 double moving averages are suppressing the price, and the bearish alignment is clear. 2135-2140 is a strong resistance zone.
The intraday high and low are 2152.78/2103.51. Within the range, consolidation is slightly bearish; only if the level breaks will it open up new space. One Fan’s personal suggestion: near 2150-2200, “kōng,” with targets near 2100-2050.#BTC #ETH #BTC突破7万大关
ETH-0.41%
BTC-0.49%
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