Tong Ge 5.29 Thoughts

$ETH Approaching the vicinity of 2020-2030, stopping above 2050, first target 1980, second target 1950.
The daily chart has already shown consecutive bearish candles, all moving averages are diverging downward forming a head pattern, Bollinger Bands are opening wider and wider, which is a standard sign of an accelerated decline. The structure of the continued decline remains unchanged, with no signs of reversal. The 4-hour chart is even more obvious; after breaking below 2000 yesterday, the current rebound has not even recovered one-third of that large bearish candle. The highs are getting lower and lower. The weak golden cross on the KDJ is just a trap set by the main players to lure retail investors in, only to continue smashing down. The 1-hour chart is the clearest; it just went up and was immediately hammered down again, with overwhelming selling pressure. Slight upward moves trigger countless stop-losses to escape, with no real buying support. The current sideways movement is just brewing for the next wave of decline. #美伊谈判博弈