On December 28th, the review of yesterday's overall movement is a sideways consolidation. The 1-hour chart shows attempts to touch the upper Bollinger Band twice without a valid breakout, followed by a drop below MA5 and MA10. It then oscillates along the lower Bollinger Band and moves upward to MA5. According to the 1-hour indicator, the Bollinger Bands are opening up, with the range between 2921-2965. The midline rising corresponds to a price of 2943, with ETH at 2975. Moving averages: MA5 and MA10 are both trending upward, corresponding to prices of 2956-2946. The 30-day moving average is rising at 2942. The 60-day moving average is declining at 2934. The 120-day moving average is parallel at 2938, and the 240-day moving average is rising at 2959. MACD: Located above the zero line. Bullish momentum is increasing, with both lines trending upward. The fast line is above the slow line, indicating a golden cross and upward movement. RSI: 98-90. Both lines are rising, currently in overbought territory. Resistance levels: 2995-3033-3077 Support levels: 2911, 2809 ETH Direction: Currently, on the 4-hour chart, it seems to be approaching MA240 to see if the pullback is strong. If not strong, the price may continue to rise. Summary: High-altitude strategy: Not provided for now. Low-buy strategy: Long position at 2911, add position at 2809. First take-profit point for short position: 2995. Second at 3033.
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ETH
On December 28th, the review of yesterday's overall movement is a sideways consolidation. The 1-hour chart shows attempts to touch the upper Bollinger Band twice without a valid breakout, followed by a drop below MA5 and MA10. It then oscillates along the lower Bollinger Band and moves upward to MA5.
According to the 1-hour indicator, the Bollinger Bands are opening up, with the range between 2921-2965. The midline rising corresponds to a price of 2943, with ETH at 2975.
Moving averages: MA5 and MA10 are both trending upward, corresponding to prices of 2956-2946. The 30-day moving average is rising at 2942. The 60-day moving average is declining at 2934. The 120-day moving average is parallel at 2938, and the 240-day moving average is rising at 2959.
MACD: Located above the zero line. Bullish momentum is increasing, with both lines trending upward. The fast line is above the slow line, indicating a golden cross and upward movement.
RSI: 98-90. Both lines are rising, currently in overbought territory.
Resistance levels: 2995-3033-3077
Support levels: 2911, 2809
ETH Direction: Currently, on the 4-hour chart, it seems to be approaching MA240 to see if the pullback is strong. If not strong, the price may continue to rise.
Summary:
High-altitude strategy: Not provided for now.
Low-buy strategy: Long position at 2911, add position at 2809.
First take-profit point for short position: 2995. Second at 3033.