$ETH 11.16 evening ETH strategy analysis


The current price is 3168, with prominent bearish characteristics on the 4-hour level. The price continues to be under pressure below the Bollinger Band middle line of 3210, currently up by only 0.21%, which is merely a weak recovery and has not exited the oscillation range. Although the MACD has slightly narrowed, it remains below the DEA, and the dead cross pattern has not reversed. In conjunction with the daily line dimension, the Bollinger Bands and KDJ are both opening downwards, indicating that bearish momentum has not diminished and the upward pressure is significant.
Trading suggestion: Short around 3190-3220, target: 3100, 3050
ETH0.25%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)