ETH


On December 23rd, reviewing yesterday, the overall trend was a fluctuating decline. Looking at the four-hour chart, it did not effectively stabilize above the short-term resistance level of ma30. The one-hour chart had several pullbacks without a successful breakthrough of ma5 and ma10, which then led to a fluctuating decline.
According to the ETH 1-hour indicator, the Bollinger Bands opening and closing correspond to the range of 2989-2919. The upward midline corresponds to the price of 2969, and the ETH corresponds to the price of 2962.
Moving Average Indicator. The prices corresponding to the ma5 and ma10 upward lines are 2955-2966. The downward 30-day moving average corresponds to the price of 2967. The downward 60-day moving average corresponds to the price of 2991, the upward 120-day moving average corresponds to the price of 2980, and the downward 240-day moving average corresponds to the price of 2973.
MACD: Below the 0 axis. Bullish momentum is gradually increasing with the dual lines continuing an upward trend. The fast line has crossed above the slow line from below, forming a golden cross.
RSI: 92-90. The double lines are currently in a composite crossover and are in the overbought phase, but the double lines show a downward trend.
Upper resistance levels: 2977-2997-3030 Lower support levels: 2929. 2882
ETH Direction: It is currently above the upper Bollinger Band line on the one-hour chart and should touch the ma360. From the four-hour perspective, it just touched the upper Bollinger Band line and is now in a downward correction. However, the current correction is not very strong, and the next four-hour candle is expected to continue rising.
Summary:
High-altitude strategy: temporarily unavailable
Long strategy: 2929 long position, 2882 additional purchase
The first profit point at high altitude:
The first take-profit point for the long position is 2977. The second is 3030.
ETH0.29%
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