MoneyWind
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Here is the 4-hour Candlestick Chart for the ETH/USDT Perptual Futures, and below is a brief analysis of the current market conditions:


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1. Current Trend Analysis:
1. Price range oscillation:
• The current price is at 1843.89, having tested the resistance level at 1873.38 multiple times (the yellow dashed line in the chart), but has not been able to effectively break through.
• The support level below is approximately 1803.10 (the purple line in the chart) and 1806.30, which has been tested multiple times without breaking, indicating strong support.
2. Volume:
• The recent volume of several candlesticks has not significantly increased, indicating that the upward momentum is temporarily limited and is still in the accumulation phase.
3. MACD Indicator:
• Although the DIF and DEA values are relatively close, the MACD histogram is gradually narrowing, showing signs of a golden cross, indicating that bulls may start to gather strength.
4. KDJ Indicator:
• The KDJ three lines are turning at a medium to high position. If a golden cross can form, it will further strengthen the possibility of a short-term rise.
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2. Judgment on Possible Market Trends:
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1. Short-term biased towards a fluctuating strong trend:
• If the price can effectively break through 1873.38, then the upper level may test the resistance at 1906.91.
• If the resistance continues, it may test the 1803-1810 area again for support, maintaining a range-bound fluctuation trend.
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2. Strategy Recommendations (For Reference Only):
• Aggressive Long: You can try to take a small long position near the support level of 1810-1803 on the pullback, with a stop loss set at 1790;
• Breakthrough to go long: After effectively breaking 1875, you can go long looking at 1900-1920;
• Short selling opportunity: If there are multiple failed breakouts, short positions can be taken lightly in the 1870-1875 area.
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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DignifiedFathervip
· 05-04 07:36
Steadfast HODL💎
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