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ETH: Short position low position sorting
2022-10-12
1425
Fundamental analysis:
Ethereum has maintained a shock near 1276, and Google now supports the direct provision of data about Ethereum addresses during search. When searching the Ethereum address on Google, the search engine will now display the ETH balance of the wallet. The data comes from Etherscan, the Ethereum blockbrowser.
Ethereum ETHUSD - 4-hour K line diagram shows:
Technical analysis:
The 4-hour chart shows that the bearish power has maintained a volatile downward trend, and the low position has been adjusted and translated in a narrow range. The bearish sentiment in the market remains the same. The MACD indicator hovers in a weak position below the axis 0, and the RSI indicator is in a narrow range of short positions;
Empty turning point: 1282
Pressing: 1295, 1309
Support: 1264, 1252
Trading strategy: bearish under 1282, target 1264, 1252
Alternative strategy: bullish above 1282, target 1295, 1309
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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