Tianxia Community: Ethereum Triple Connect; Is it a foregone conclusion to stop the decline and start stabilizing?
Click on the link to enter the live stream: https://meeting.tencent.com/p/5658778060 Course theme: No need to question the practical value of the three moving averages; But it must be used correctly! Share various mainstream technical indicators and their application methods in the live broadcast room, as well as analyze the technical forms of the day; BTC/ETH Trend Analysis and Opinion: Ethereum experienced a six day pullback from 2770 to 2380 after temporarily encountering resistance around 2800 last week, and then stopped falling after a drop of about $400; Last Saturday, Sunday, and Monday, there was a three consecutive positive rebound trend after the market stopped falling. Today, the bullish rebound trend continues, and the current price is around 2620; This conforms to the buy on dips rule above the moving average of the three moving average technical indicators; The price has once again stabilized above the middle limit of the Bollinger Bands and continues to rebound, with an increased probability of 2800; The same approach and expectation remain that only by breaking through the first strong resistance of 2800 in recent months and closing above it can the upward space be truly opened up; It can be seen that there is still a chance to repeatedly compare with the large triangle consolidation pattern at the sky chart level, as seen from the rebound consolidation trend since August 2112. The horizontal resistance basically remains at the first line; The price trend gradually rising from the low point of 2110-2150-2330-2380 belongs to a potential upward triangle; The probability of breaking up is greater than that of breaking down, which is also one of the reasons why the teacher has not been paying attention to bearish opportunities recently; Daily operational strategies and opportunities; 2-4 hours have already effectively broken through 2560-25800-2600, so the strategy is to maintain a long position and wait for a small cycle to experience a pullback and a stop loss signal to be given before entering the long position; Defend below 2550 and aim for 2700-2730 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 approach [Multi head direction] Focus on Support Resistance Today BTC resistance/7300-73800/support 65000-64000 ETH resistance/2700-2770/support 2400-2380 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 Number: 565-877-8060 QQ group number: 835657547 AICoin communication 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.
