7.16 Intraday Posture Analysis


Price has validly held above the 1900 key level. This is no longer a temporary intraday breakout, but a daily-level close that holds.
This means the earlier box-range consolidation pressure has been completely broken. The market’s overall focus has shifted upward; the bulls have already successfully taken control of the board, and the area above has opened up sustained upside space.
From the key patterns on the 4-hour cycle:
The Bollinger Bands have overall completed the upward turn, with widening divergence. The channel has switched from the previous contraction-ranging oscillation to an open-uptrend structure. Trend is the market’s biggest inertia—before you do anything, first identify the trend as the premise.
Trading ideas
Around 1900, for a pullback/hovering (哆); target around 1950-1980 #以太坊 $ETH
ETH-2.76%
View Original
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