December 4th 8:30 ETH Trend Analysis

Naked K and Trading Volume: The daily line has shown an increase in volume, and it is no longer in a downtrend. Currently, there is a healthy short-term upward trend. The 1-hour line has a long upper shadow, and short positions can be taken based on this.

MACD: The daily line has restored a healthy upward pattern, and the 1-hour indicators have a demand for a pullback.

Bollinger Bands: Stabilized above the daily middle track, looking at the upper track of the Bollinger Bands. The current market is approaching the upper track pressure of 3250. A pullback to the middle track of the Bollinger Bands on the hourly line can be a long entry, and trades should follow the one-sided upward trend method based on the Bollinger Bands.

Moving Averages: Daily support at 3120, resistance at 3552: Aggressive traders can go long on a pullback to MA5 on the 4-hour line, while conservative traders can wait for a pullback to MA7 or MA10.

Supply and Demand: The upper pressure range is from 3197-3248 (the upward trend only uses this once, with 3248 as the stop loss for short positions), 3500, 3565, 3607-3658. The lower support range is: 3084, 3030-3059.

Fibonacci: A pullback from 2718-3216 shows 0.236 at 3098, 0.382 at 3026, and 0.5 at 2967. Pullbacks can be bought at 0.236, and a pullback to 0.382 presents a very safe buying opportunity.

Venus Channel: 4-hour support at 3098-3146, 1-hour support at 3100-3150.

Personal advice for reference only: The long-term daily downtrend has been completely broken, and now the daily Bollinger Bands are narrowing and flattening, changing from a downtrend to a sideways trend (the greater trend cannot yet be determined as a one-sided upward trend). The 4-hour and lower levels show a healthy upward trend, while the 1-hour shows a shooting star indicating a potential top. If future K-lines confirm this, a small top in the short term can be observed. It is safer to go long on pullbacks (following the trend). Find me in the high-feedback chat room.