CM Trade

Download APP to receive bonus

GET

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

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More