Wednesday Daytime Big Pie No. 2 Latest Thoughts
The Big Pie experienced a breakthrough surge in volume during the early morning, and although there was a slight pullback for adjustment afterward, it did not shake the current bullish pattern, consistently operating above the critical integer level of 92000. This rapid rise in the early morning not only effectively broke through the previous fluctuation range but also intuitively confirmed the strong bullish momentum in the short term. The limited pullback during the adjustment process further highlights the strong support below, making the support level increasingly solid.
The daily chart shows a distinct bullish characteristic, with consecutive bullish candlesticks continuously signaling bullish momentum. The Bollinger Bands are consistently diverging upwards, clearly outlining a healthy mid-term upward channel. Meanwhile, the MACD indicator has consistently maintained a strong volume above the zero axis, with the volume creating a good resonance, laying a solid foundation for subsequent upward continuation.
Observing the four-hour cycle, after a pullback to the short-term moving average, it quickly stabilized and rebounded, confirming effective support. It is worth noting that the trading volume gradually shrank during the pullback, indicating that selling pressure has been largely released. The current adjustment is a healthy technical correction and has not disrupted the short-term upward rhythm. Although the KDJ indicator is currently in a high region, it has not yet formed a death cross downward signal. The RSI indicator also remains firmly in a strong operating range, suggesting that after a brief consolidation, there is hope for another upward attack towards higher levels.
Big Pie: 91000-92000 Long, → Around 93500
Ether: Around 3260 Long, → Around 3360
Personal opinion, for entertainment only, not investment advice!
