ETH: bearish weak down
2022-10-21
1368
Fundamental analysis:
Ethereum maintained the shock around 1276. Carolyn Wilkins, member of the Financial Stability Board of the Bank of England, said that finance could never be truly decentralized, because insiders had unfair advantages and needed to respond to unforeseen events.
Ethereum ETHUSD - 4-hour K line diagram shows:
Technical analysis:
The 4-hour chart shows that the momentum of high short positions maintains a narrow range of shocks and slowly declines, and short positions emerge in the market. The MACD indicator is at the lower side of the 0 axis and the RSI indicator is at the lower side of the 50 equilibrium line;
Empty turning point: 1283
Pressing: 1294, 1306
Support: 1265, 1253
Trading strategy: bearish under 1283, target 1265, 1253
Alternative strategy: bullish above 1283, target 1294, 1306
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