#ETH Market Watch (

The strength of the pump upward trend in the medium term is still increasing, but there is no long volume to cooperate with the trend in the intraday, and the medium term is in a state of Sideways shock. The price is in the upper pump trend, the pump does not move, in addition to the lack of volume cooperation, the price is also in the middle of the resistance level near [around 64000] at this time.
In the 6-hour cycle, the price actually confirmed the success of the top at [2 o'clock in the morning], and the trend has turned into the next fall trend, but the price fall not moving, and it has entered the Rebound pump again.
In the 4-hour cycle, the pullback price falls, which is due to the pumping trend of the 4-hour and 6-hour cycle directly constitutes the medium-term trend, but the medium-term trend turn is relatively difficult, and the medium-term trend is in the pump trend, so the 4-hour and 6-hour cycle does not fall.
The 2-hour cycle of the disk has been in the pullback action [to replace the fall sideways], the upward deviation has been repaired, but the price has not fall broken the nearest support 63000, and began to enter the volatile market.
In the 1-hour period, the price is in a short-term pump upward trend, but the price fall not moving, and it can be found that the trend is out of sync. The conditions for price pumping and falling are not met. And it has already begun to enter the dense moving average. With the passage of time, the strength of the medium-term trend weakens, and the price will start to fall in about 3 days [subjective opinion].
The medium-term ETH has no trend strength, also due to the sideways shock, the intraday volume is currently dominated by long, but the volume is relatively small.
The 12-hour period is that the strength of the upward pump trend continues to weaken under the effect of sideways shocks, and it is significantly weakened.
The 6-hour cycle is already in a downward falling trend, the strength of the trend is not strong, and it is in a sideways state at this time.
The trend of the 4-hour period is in a downward falling phase, the current trend strength is weakening, and some of the previous deviations have been successfully repaired. The price fall broke the recent short-term support around 3080.
In the short-term market of the 1-hour cycle, the price has fallen and broken, and there is also a rebound action, which is turning at this time, so the short order of 3060 does not need to do anything other than put the stop loss at 3150.
Conclusion: The personal subjective view is still shorter, the BTC maker has not been traded so far, even if it is traded, it will be very uncomfortable to be hung in the shock area, so first withdraw the [62500 short order]. Need to wait for BTC to effectively fall below 63000, the price must at least go to around 60600, and then there is a clear Rebound trend or Rebound action before there can be a clear direction, in order to make an order [shorter]
ETH temporarily keep the previous orders unchanged, stop loss 3150, if you have not yet entered, you can enter the current market, the same stop loss, sweep to the stop loss loss does not exceed 2% ~ 3% of the principal. Now ETH needs a trend synchronization to make the price go down quickly. Of course, volume is also required.
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If the Maker Position near 3060 is too large, then at the position near 3060, reduce position first and stop loss at 3150.
First get the direction through analysis, and then wait for this condition that can be done in the short-term market. Don't guess, don't gamble, there are expectations, there is a floor.
If tomorrow morning the price still does not hit a new low, and ETH does not go to around 2960, then stop loss directly in place. Because the expected target is not reached at the scheduled time, the market may have a different view/a different direction.
JTO, the long-term trend is in the Sideways shock, and the medium-term trend is in the upper pump trend, but the short-term trend development is very bad and there is no trading value. √
Op, the mid-term is doing the top, the strength of the upward pump trend is weakening, the downward deviation formed by the previous rapid fall has been successfully repaired, the 1-hour cycle has seen a falling action, and the short-term Rebound action is currently running, and the recent pressure is around 2.8. The short-term is the beginning fall of the trend turn, if the subsequent price can not break through the 2.8 turn downward, it will enter the short-term downward trend. √
Ena, there is a short order, the medium-term trend is in the fall downward trend, the medium-term trend is in the Rebound pump trend, the recent pressure is around 0.93, the short-term recent support is 0.86, if you can't fall this position in about 2 hours, reduce position directly, or make a profit, the trend is too dangerous. The trailing stop loss is set at 0.9, guaranteeing no loss at all. √
Sol, which is in an upward pump in the medium term, has hit the medium-term pressure around 160, and this rebound has also caused a weakening of the long-term trend strength. At this time, the medium-term deviation has been repaired, the strength of the pump trend on the 6-hour cycle has begun to weaken, and the disk has a significant upward deviation, there is pullback demand, and the nearest support is around 144. The price of the 1-hour cycle has been pumping for this reason, coupled with the medium-term pressure near 160, under the double pressure, the price has a high probability of falling, then this condition is that the price falls below 148, the rebound is not higher than the previous high point turn can be shorter, you can keep an eye on it. √
WIF, the medium-term Sideways shock for 3 days, the strength of the upward pump trend of the 12-hour cycle is weakening, and the current short-term pullback price fall not moving, is due to the trend is not synchronized, and the personal subjective belief is that it is short, but it needs to meet the conditions to shorting. Sideways lows are supporting around 3.2, and if the subsequent price effectively falls below 3.2 to around 2.97, there is a rebound trend, and it is not higher than the previous high and turns again, you can enter the shorts. [The current 21:28:41 on May 7, 2024 has no trading value] √