Technical analysis of ETH contract on July 25:
Today, the large-cycle daily level closed with a small positive line yesterday, the K-line pattern was single negative and single positive, the price was at a high level, and the attached indicator was golden cross and running with shrinking volume. From the big trend, the current trend is in a weak trend, the price rebound is not strong and has not continued, the trend is prone to fall under pressure and test the low point downward, so the trend has changed; the short-cycle hourly chart yesterday hit a high in the US market and fell under pressure in the Asian morning. The current K-line pattern is continuous negative, the price is at a low level, and the attached indicator is dead cross running. It is highly likely that the decline will continue during the day. Yesterday's low point of 3500 is the position that needs to be paid attention to today. The current hourly chart resistance is near the 3695 area.
Today's ETH short-term contract trading strategy:
Sell in the 3690 area after the rebound, stop loss in the 3720 area, and target the 3615 area;
Today, the large-cycle daily level closed with a small positive line yesterday, the K-line pattern was single negative and single positive, the price was at a high level, and the attached indicator was golden cross and running with shrinking volume. From the big trend, the current trend is in a weak trend, the price rebound is not strong and has not continued, the trend is prone to fall under pressure and test the low point downward, so the trend has changed; the short-cycle hourly chart yesterday hit a high in the US market and fell under pressure in the Asian morning. The current K-line pattern is continuous negative, the price is at a low level, and the attached indicator is dead cross running. It is highly likely that the decline will continue during the day. Yesterday's low point of 3500 is the position that needs to be paid attention to today. The current hourly chart resistance is near the 3695 area.
Today's ETH short-term contract trading strategy:
Sell in the 3690 area after the rebound, stop loss in the 3720 area, and target the 3615 area;
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Good trading signals can help you make profits in the market. I will share trading signal analysis of various products every day, hoping to help you!
t.me/+WHE58rEaywExNWVh
t.me/+WHE58rEaywExNWVh
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.