Wanxiang Community Live: Before the Federal Reserve's interest rate decision, is the market heading north or south?
Click on the link to join: https://meeting.tencent.com/dm/K2eORG9ncMJz ETH [Price Trend Analysis] K-line shape: A long upper shadow line (3225 to 3066) appeared at the 4-hour level, indicating significant high-level selling pressure, followed by price stabilization around 3150; The daily candlestick level closed with a long lower shadow for three consecutive days (December 2-4), indicating strong buying support at the 3000 integer level; Technical Indicators: MACD: The 4-hour DIF (60.03) is still above DEA (55.17), but the volume of the bar has shrunk to 9.71, indicating a weakened upward momentum; RSI: The 1-hour RSI (50.35) has fallen from the overbought zone, and the daily RSI (50.63) is in the neutral zone; EMA: The current price (3155) remains above EMA30 (3059), but is suppressed by EMA7 (3153), forming short-term resistance; Turnover On December 2nd, the daily volume increased by 243913 (4-hour level), corresponding to a 180 point surge in the market; Recently, the trading volume of 8 4-hour candlesticks has shrunk to the range of 14049-43830, indicating a strong wait-and-see sentiment in the market; Buy Point 1: 3120 USDT (dynamic support formed by the combination of the previous low support level and the upward movement of the EMA30 moving average 3059) Buy Point 2: 3080 USDT (second defensive level above the 3000 integer level, starting position with high volume on December 2nd) Long stop loss point: 3050 USDT (50 points buffer space below the psychological level of 3000) Sell Point 1: 3180 USDT (4-hour level EMA7 suppression level+recent rebound high 3173 resistance) Sell point 2: 3220 USDT (December 5th high 3225 selling pressure zone+daily EMA120 strong resistance 3068) Short Stop Loss Point: 3250 USDT (a technical stop loss level formed after breaking through the previous high of 3240) Official QQ fan group: 178141073 Click on the link to join the group chat: https://qm.qq.com/q/8SNKic2knK Tencent Meeting Number: 695-250-673 Trading is a long process. By adjusting your mindset, grasping the short term, and being able to hold onto the long term, you will definitely generate a chemical reaction in this market. Welcome to join the Wanxiang blockchain community and experience a different kind of trading Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
