Good morning, the coin price has undergone a continuous high-level sideways consolidation and has again initiated a significant pullback in the early hours of today, with the pullback being quite substantial. The signal given on Monday morning may also set a main tone for this week's market, so the subsequent layout is quite simple; we just need to follow the market trend.
From the perspective of Ethereum's four-hour chart, the coin price has undergone continuous sideways consolidation, and is currently falling again below the middle track after forming a large bearish candle. The KDJ three lines have formed a death cross and are rapidly diverging downwards. The MACD bullish momentum is continuously weakening. After the ongoing tug-of-war over the weekend, the bears are gradually taking the dominant position. Therefore, this week's market may initiate a significant retracement. In the short-term hourly chart, the coin price has quickly dropped below the lower track after forming a large bearish candle, with bearish volume continuously increasing. The current Bollinger Bands are opening downwards and accelerating expansion, further opening up the downside channel for the coin price. The bearish outlook remains unchanged, and the operation should maintain a strategy of shorting at the rebound high points.
Sell the big coin around 108600, watch around 107600, sell the second coin around 4410, watch around 4310.
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Good morning, the coin price has undergone a continuous high-level sideways consolidation and has again initiated a significant pullback in the early hours of today, with the pullback being quite substantial. The signal given on Monday morning may also set a main tone for this week's market, so the subsequent layout is quite simple; we just need to follow the market trend.
From the perspective of Ethereum's four-hour chart, the coin price has undergone continuous sideways consolidation, and is currently falling again below the middle track after forming a large bearish candle. The KDJ three lines have formed a death cross and are rapidly diverging downwards. The MACD bullish momentum is continuously weakening. After the ongoing tug-of-war over the weekend, the bears are gradually taking the dominant position. Therefore, this week's market may initiate a significant retracement. In the short-term hourly chart, the coin price has quickly dropped below the lower track after forming a large bearish candle, with bearish volume continuously increasing. The current Bollinger Bands are opening downwards and accelerating expansion, further opening up the downside channel for the coin price. The bearish outlook remains unchanged, and the operation should maintain a strategy of shorting at the rebound high points.
Sell the big coin around 108600, watch around 107600, sell the second coin around 4410, watch around 4310.