In the live broadcast of Wanxiang Community: What impact will the Bank of Japan's scheduled interest rate hike have on the market? ETH trend trading is currently underway
Click on the link to join: https://meeting.tencent.com/dm/LJDXIIpJhXAi Price Trend Analysis K-line shape: At the 4-hour level, a long shadow line appeared and quickly rebounded to 2936 after bottoming out at 2775, forming a single needle bottoming out structure; The daily chart shows a propeller shape with long upper and lower shadows for three consecutive days, indicating a fierce game between long and short positions; Technical Indicators: MACD: A 4-hour DIF crosses DEA to form a golden cross, but the daily chart remains in a dead cross below the zero axis; RSI: 4-hour RSI (14) rebounded from 34 to 47, leaving the oversold zone; The daily RSI (14) 42 is still in a weak area; EMA: The price has exceeded the 4-hour EMA7 (2879), but is still suppressed by EMA30 (2945) and EMA120 (3050); Turnover On the day of the sharp decline (12/19 00:00), the volume increased by 205063, and then rebounded and decreased to 36329; In the past three days, the daily chart level has shown the characteristics of "increasing volume during the decline and decreasing volume during the rebound". [Trading Point] Buy point one: 2850 USDT (4-hour EMA7 support level+integer level); Buy Point 2: 2800 USDT (key integer above 2775+daily shadow defense zone); Long stop loss point: 2765 USDT (confirming trend reversal after falling below the previous low of 2775); Sell point one: 2950 USDT (4-hour EMA30 resistance+integer psychological threshold); Sell point 2: 3000 USDT (above the daily EMA7 suppression level and the initial plunge level of 2967.48); Short stop loss point: 3035 USDT (breaking through the 12/17 high of 3030.92 to form a new high); Official QQ fan group: 571210059 Click on the link to join the group chat: https://qm.qq.com/q/YjkBTJFug2 Tencent Meeting Number: 372-226-223 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.
