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Ethereum: high and narrow finishing
2022-07-22
1540
Fundamental analysis:
Ethereum maintained a shock around 1580, and sommelier finance, an investment agreement based on cosmos, launched its first decentralized investment strategy product called cell.
Ethereum ethusd - 4-hour K-line diagram display:
Technical analysis:
According to the 4-hour chart, Bulls' momentum strongly pulled up, the high level maintained a narrow consolidation and translation, and the short-term upward trend began to weaken. MACD index was in the long region, and the high level retreated and translated, and RSI index was in the long region narrow consolidation;
Long short turning point: 1591
Pressing position: 1631, 1668
Support position: 1535, 1500
Trading strategy: 1591 down bearish, target 1535, 1500
Alternative strategies: bullish above 1591, targets 1631, 1668
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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