On March 22, if the weekly line turns from yin to yang, then it will be a strong bullish signal, and the opening of next week will directly pull up to hit a new high
It stands to reason that the daily pullback tested the lower rail support, forming an engulfing structure, and there is a continuation of the demand for higher demand in the short term, but yesterday after a slight pull-up, the market had a certain step back, which is related to the continuous selling of grayscale, and the market did not have enough demand to absorb this wave of sell-off after a wave of Dayang
Therefore, after the pull-up, it fell into a shock structure, but the overall bullish structure was not broken, it belongs to a re-absorbing stage after the pull-up, after breaking through the wedge in 4 hours, yesterday stepped on the upper rail support 64550 and then rebounded, and the short-term above the wedge is the structure of the sucking chip and then pulling up, unless the entity falls below the wedge and weakens
How important is 64500?The early support interchange, the wedge-shaped upper rail support, and the 50% of the 60800-68293 retracement, so as long as the price is above this level, there is a need to continue to pull the plate, only if it completely stands firm at 69000, the downward framework of the 4-hour level will be completely transformed, and the next is the upward trend
In the short term, the market will fluctuate in the range of 64500-69000, and it is currently in the stage of rebounding, as long as it is above 64500, it is controlled by the bulls, otherwise the market will weaken, and a complete breakthrough of 69000 will be the real trend continuation. It's just a matter of time, the transaction is still low, referring to 64500 on the low, Ether can see near 3680 in the near future, so if you don't intervene directly near 3480, or wait for the bottom to support the best position of 3380
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
On March 22, if the weekly line turns from yin to yang, then it will be a strong bullish signal, and the opening of next week will directly pull up to hit a new high
It stands to reason that the daily pullback tested the lower rail support, forming an engulfing structure, and there is a continuation of the demand for higher demand in the short term, but yesterday after a slight pull-up, the market had a certain step back, which is related to the continuous selling of grayscale, and the market did not have enough demand to absorb this wave of sell-off after a wave of Dayang
Therefore, after the pull-up, it fell into a shock structure, but the overall bullish structure was not broken, it belongs to a re-absorbing stage after the pull-up, after breaking through the wedge in 4 hours, yesterday stepped on the upper rail support 64550 and then rebounded, and the short-term above the wedge is the structure of the sucking chip and then pulling up, unless the entity falls below the wedge and weakens
How important is 64500?The early support interchange, the wedge-shaped upper rail support, and the 50% of the 60800-68293 retracement, so as long as the price is above this level, there is a need to continue to pull the plate, only if it completely stands firm at 69000, the downward framework of the 4-hour level will be completely transformed, and the next is the upward trend
In the short term, the market will fluctuate in the range of 64500-69000, and it is currently in the stage of rebounding, as long as it is above 64500, it is controlled by the bulls, otherwise the market will weaken, and a complete breakthrough of 69000 will be the real trend continuation. It's just a matter of time, the transaction is still low, referring to 64500 on the low, Ether can see near 3680 in the near future, so if you don't intervene directly near 3480, or wait for the bottom to support the best position of 3380