Upper resistance levels: 3130, 3160


Lower support levels: 3017, 2962
ETH direction: Sideways consolidation
Summary:
High-level short strategy: Establish a short position around 3130, add to the short at 3160
Low-level long strategy: Open a long position around 3017, add to the long at 2962
First take-profit point for high-level short: 3017. Second take-profit point: 2962
First take-profit point for low-level long: 3130. Second take-profit point: 3160
ETH
On January 9th, review of yesterday: Overall, it was a sideways consolidation. Yesterday, there was a pullback without a solid hold above MA5 and MA10, dropping to the lower Bollinger Band. Then it moved into a low-range sideways consolidation.
Looking at the 1-hour indicators for ETH, the Bollinger Bands are opening and closing within the range of 3120-3064. The middle band is trending downward, corresponding to a price of 3092, with ETH at approximately 3090.
Moving averages: MA5 and MA10 should be crossing, corresponding to prices of 3087. The 30-day moving average is trending downward at around 3099. The 60-day MA is trending downward at about 3115, the 120-day MA at 3167, and the 240-day MA is trending upward at approximately 3113.
MACD: Currently below the zero line, bullish momentum is gradually increasing, with the MACD line crossing above the signal line in a golden cross.
RSI: 39-36. Currently in a normal trading zone, with both lines showing an upward trend.
ETH6,11%
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FearlessMadmanvip
· 01-11 15:15
Hold on tight, we're about to take off 🛫
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