$ETH MondayMorningETHAnalysisTheone-hourcharttrendisveryclear.Thepreviouspullbackwasjustashort-termwashout.ThepriceneverbrokebelowtheBollingermiddlebandsupportthroughout,andtheunderlyingsupportisverysolid.TheBollingerBandschannelismovingupwardoverall.Duringthecorrectionphase,thebandscontinuouslycontractedandaccumulatedenergy,thendirectlyreboundedbacktotheupperrange,approachingtheprevioushighagain.Noneedtoworrytoomuchaboutshort-termsmallfluctuations.Thebullishtrendisnotbroken.Aslongasthemiddlebandsupportisheld,themarketwillsoonpushuptotesttheprevioushighagain.Tradingidea:Golongaround1740-1760,target1830-1850.

ETH1.11%
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
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
OrderCancellerAfterTheRain
· 38m ago
The mid-line support is indeed stable. Place a long order around 1740 to test the waters, with a stop loss below 1720, which should be relatively safe.
View OriginalReply0
  • Pinned