The current bullish trend has "already" (bulls say "only") run halfway. The major swing trading from eth 1775-2725 has completed, with a rise of about 930 points. If there is a pullback to 0.382, the lowest adjustment would be around 2370 (this can only be achieved after breaking 2444). This point is the start of the rise from a few days ago (it was mentioned that after breaking 2380-2444, there was a 300 point space without strong resistance, making it smooth sailing). This is the strongest support in the short-term; if the price reaches this level, it would be the buy the dip point. Once the adjustment is done, we will move towards the major swing trading of 2770-4036, running for about 4 weeks. As long as it stabilizes above 2660 in the short term, we aim for the 3-4k direction.


From yesterday to today, it has been in a 12-hour adjustment period. Currently, the 4-hour downward momentum is weakening, and it will undergo another 6-8 hours of adjustment. If it stops falling, the adjustment within the daily line will end.
3, 5-day and weekly indicators are healthy, and the medium-term long positions trend remains unchanged. Only a fall below 2110 would turn bearish. #NXPC Launchpool #稳定币立法 #PPI数据公布
ETH1,41%
NXPC2,35%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
en_igmavip
· 2025-05-16 20:48
Watching Closely 🔍
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)