诗魂
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$ETH
{future}(ETHUSDT)
eth has dropped below 4400, where 4400 is the position of the ema200 daily moving average.
The previous moving average was above 4200, and it didn't break below the eam200 daily moving average regardless of how it was inserted. This time, however, it has genuinely broken the moving average with a real entity naked candle.
Since July 2nd, eth has risen above 2500, and it has not fallen below the moving average since then. This is the first real entity break below the moving average in nearly three months, and it is a significant break. The daily and weekly candles, especially the weekly ones, are starting to evolve into bearish naked candles as indicators of a top.
Breaking below the eam200 daily moving average here essentially represents the boundary between bull and bear markets or between long and short positions, completely standing on the bear side now. The pin here reaching 4000 will definitely have an upward retracement rebound. In fact, breaking below the moving average indicates that it has been consistently bearish, and even saying that if it doesn’t break above 4350-4380, the current position of the moving average could potentially turn bearish. Therefore, there will definitely be a retracement rebound followed by a bearish outlook, and one should go short consistently.
The support below the weekly and daily candles is at 3500, with the wave pattern turning into a downward wave eight, which is now the abc rebound, and then the new downward wave eight follows.
So, we need to find a bearish signal below the moving average to short into, aiming towards the position of 3500. This time, the significance of the ema200 daily moving average is quite substantial, as it may mark the beginning of the transition from a bull market to a bear market.
{future}(ETHUSDT)
eth has dropped below 4400, where 4400 is the position of the ema200 daily moving average.
The previous moving average was above 4200, and it didn't break below the eam200 daily moving average regardless of how it was inserted. This time, however, it has genuinely broken the moving average with a real entity naked candle.
Since July 2nd, eth has risen above 2500, and it has not fallen below the moving average since then. This is the first real entity break below the moving average in nearly three months, and it is a significant break. The daily and weekly candles, especially the weekly ones, are starting to evolve into bearish naked candles as indicators of a top.
Breaking below the eam200 daily moving average here essentially represents the boundary between bull and bear markets or between long and short positions, completely standing on the bear side now. The pin here reaching 4000 will definitely have an upward retracement rebound. In fact, breaking below the moving average indicates that it has been consistently bearish, and even saying that if it doesn’t break above 4350-4380, the current position of the moving average could potentially turn bearish. Therefore, there will definitely be a retracement rebound followed by a bearish outlook, and one should go short consistently.
The support below the weekly and daily candles is at 3500, with the wave pattern turning into a downward wave eight, which is now the abc rebound, and then the new downward wave eight follows.
So, we need to find a bearish signal below the moving average to short into, aiming towards the position of 3500. This time, the significance of the ema200 daily moving average is quite substantial, as it may mark the beginning of the transition from a bull market to a bear market.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.