Tianxia Community: ETH resistance is effective; The time for bearish entry has arrived!
Click on the link to enter the live stream: https://meeting.tencent.com/p/5658778060 Course 1: Bitcoin/Ethereum Evening Market Analysis and Trading Opportunities Lesson 2: Fibonacci retracement tool applicable to today's market Course 3: Exchange of Student Positions and Trading Issues BTC/ETH Trend Analysis and Opinion: Ethereum's market performance on Wednesday was relatively light due to Christmas fluctuations. The intraday high was 3547 and the intraday low was 3439, closing at the opening price of 3491 on the daily line with a small cross star pattern; The resistance below 3550 is basically consistent with our target trend from Monday to Thursday; In terms of indicators, the suppression of 10 ema-15ema is effective; The effective resistance chart has rebounded from 3100 and has undergone a second test with 3550 resistance suppression; Expected to increase opportunities for further drawdown today The expected short-term trend remains unchanged, and market volatility prices will continue to fluctuate and consolidate within the range of below 3600 and above 3100; So the operational approach is consistent with Monday's viewpoint; The details are as follows The key is to plan this week's trading strategy using a combination of a daily chart and a 4-hour trend chart Strong support in the sky chart range of 3000-3100; 3500-3600 strong resistance is a temporarily clear fluctuation range; So it can be preliminarily expected that the market will enter this range of oscillation and adjustment; Partners with bearish thinking can search for 1-4 hour level short signals near resistance to enter the market; Defensive setting and targets above 3600 are seen at 3300-3200; Partners seeking long opportunities need to be tested for effectiveness within the range of 3100 to 3200 and provide long buy signals to enter the long market; Defense needs to be set below 3000, with targets visible from 3500-3600 Daily operational strategy; Today's bearish trend can be observed as an opportunity for bearish entry after the rebound is blocked below 3580-3600; Short term trading opportunities within the day? Looking for specific locations? We will also share in the live broadcast room how to find opportunities for both long and short positions to enter; Welcome to the Tencent Meeting live broadcast room to discuss and exchange with teachers for more details on currency operations and trading issues! Recommended Idea [Shake] Focus on Support Resistance Today ETH resistance/3550-3600/support 3200-3100 For more details, welcome to the live broadcast room for discussion, learning, and exchange! Daily five live broadcasts start from 14:00-21:30 without interruption Tencent Meeting ID: 565-877-8060 QQ group number: 946395341 Aicoin exchange group: https://aicoin.com/link/chat?cid=2ARLLeaoM Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.