Cryptocurrency Academy: On September 12, Ethereum (ETH) moving averages show a bullish divergence. Understanding the trend reversal signals at the daily level of Ethereum? Latest market analysis reference.

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1 hour ago

  Cryptocurrency Circle Academician: On September 12, Ethereum (ETH) moving average bullish divergence, understanding the trend turning point signals of Ethereum at the daily level? Latest market analysis reference

  

  The current price of Ethereum is 2435, this wave of increase directly stunned many observing friends, many have been grinding in the oscillation zone for a long time, always waiting for a breakout signal, as a result, a big bullish candle rose, reaching a maximum of 2666. The market will never move according to most people's expectations; oscillation is meant to wear down position patience, washing out low-position chips, the main force’s calculations have failed; our chips remaining below 1700 are still intact, ready to be bagged almost 1000 points any time, do not rush to leave the market completely, such a good position is rare

  

  The daily candlestick has strongly stood above the previous 78.6% Fibonacci level of 2242.77, breaking through the upper edge of the long-term oscillation box. All moving average systems have turned upwards, EMA15 and EMA30 have formed a bullish support band; the upper Bollinger Band is opening outward, releasing bullish momentum. The MACD indicator's red bars are maintained, with the DIF still above the DEA, confirming a bullish trend. The first resistance level above is 2823, with a further goal of 3230. In the short term, attention should be paid to profit-taking after the rise, do not blindly chase the price

  

  The four-hour candlestick directly broke through the previous 100% resistance level of 2463.86, completing the box breakout. The short-term EMA moving averages are arranged in a bullish manner, with moving average support located around 2478. The Bollinger Band is opening upwards, with prices touching the upper limit before pulling back, which is a normal retest after the breakout. The MACD continues to strengthen above the zero axis, with increasing red bars and bullish strength prevailing. The current pullback is a test of the breakout's validity; focus on observing the position where the previous resistance at 2463 turns into support, if it holds here, the bullish structure remains intact; once it breaks below, this breakout is likely to be a false breakout

  

  Short-term reference:

  

  If the lower range of 2560 to 2520 does not break, target 2660 to 2820 with a stop loss of 40 points

  

  If the upper range of 2820 to 2850 does not break, target 2660 to 2600 with a stop loss of 40 points

  

  Specific operations should rely on real-time data from the market. For more information, you can contact the author. The article publication has a delay, so it is suggested for reference only and risks are borne by the reader

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