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Eth: high short and weak down
2022-08-18
1397
Fundamental analysis:
Ethereum maintained a shock around 1845. NFT lending agreement nftfi and digital asset manager safe cooperated to develop a new product for NFT owners, aiming to provide added value for digital assets. The solution proposed by nftfi and safe is the NFT permission management wallet, which allows secure Ethereum wallet users to isolate certain rights and permissions related to NFT and delegate them to other Ethereum addresses.
Ethereum ethusd - 4-hour K-line diagram shows:
Technical analysis:
According to the 4-hour chart, the power of high short positions will continue to slow down after the narrow range consolidation. The short-term decline may continue, and the market short positions will begin to be shrouded. The MACD indicator is in the long region, and the consolidation will continue to decline to the near 0 axis. The RSI indicator is in the narrow range consolidation below the 50 equilibrium line;
Long and short turning point: 1858
Pressing position: 1899, 1938
Support position: 1814, 1786
Trading strategy: 1858 down bearish, targets 1814 and 1786
Alternative strategy: bullish above 1858, target 1899, 1938
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.
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