CM Trade

Download APP to receive bonus

GET

Ethereum: low weak downward

2022-07-14
1622
Fundamental analysis:

Ethereum remained volatile around 1075, and the UK Treasury has begun to collect public opinions on the risks and opportunities of cryptocurrency. The finance committee is seeking opinions on the potential of cryptocurrency as a legal substitute, the impact of cryptocurrency on social cohesion, and whether the government and regulators are ready to seize the opportunities offered by cryptocurrency.


Ethereum ethusd - 4-hour K-line diagram display:




Technical analysis:


According to the 4-hour chart, the short-term momentum maintained a volatile downward trend, the low level was about to reach the early low level, and began to fluctuate rapidly. The short-term short-term momentum still continued to decline. The MACD index was in the weak consolidation of the short-term region, and the RSI index was in the weak hovering below the 50 equilibrium line;


Long short turning point: 1081


Pressing position: 1113, 1134


Support position: 1040, 1009


Trading strategy: 1081 bearish, goals 1040, 1009


Alternative strategy 1081: bullish above, goals 1113, 1134

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