December 8th ETH Strategy #ETH走势分析

Support levels: 3071, 3024

Resistance levels: 3172, 3239

If it does not break below 3071, one can go long, add position at 3024, with a self-contained stop loss, first take profit at 3172, second take profit at 3239. If it does not break above 3172, one can go short, add position at 3239, with a self-contained stop loss, first take profit at 3071, second take profit at 3239.

ETH four-hour chart, Bollinger Bands showing horizontal movement, corresponding price levels: 3171, 3070, 2970, one-hour chart shows an upward bias in the Bollinger Bands.

In the four-hour chart, the short-term moving average ma5 crosses above ma10, ma10 is upward, ma30 is horizontal, the market is operating above the short-term moving averages, and in the one-hour chart, the short-term moving average ma5 is upward, ma10 is downward, ma30 is upward, the candlestick is operating above the short-term moving average ma5.

MACD on the four-hour chart is above the zero axis, the fast line crosses the slow line from below to above creating a golden cross, bullish momentum is increasing, on the one-hour chart, the dual lines are moving upward above the zero axis, bullish momentum is decreasing.

The RSI indicator on the four-hour chart is at a normal trading phase with the buy line turning downward and the sell line moving upward, dual lines correspond to values 59, 58, in the one-hour chart at a normal trading phase the buy line crosses downward through the sell line creating a death cross, dual lines correspond to values 19, 14.