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
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.
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