The technical analysis of ETH shows that the recent price action has formed a bullish engulfing pattern, suggesting a potential reversal. However, the trading volume has shrunk significantly, failing to effectively confirm the price trend. Additionally, the entanglement of moving averages and the flattening trend further reinforces the characteristic of market direction being unclear. Meanwhile, the BOLL bands are contracting and the RSI. Neutral non-divergence indicates that the market sentiment is balanced, and there is a lack of breakthrough momentum in the short term. Operation Suggestions: 4470, target 4500-4550, strict defense! For reference only, subject to the stone plate! #币圈#
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ETH strategy for 8/31:
The technical analysis of ETH shows that the recent price action has formed a bullish engulfing pattern, suggesting a potential reversal. However, the trading volume has shrunk significantly, failing to effectively confirm the price trend. Additionally, the entanglement of moving averages and the flattening trend further reinforces the characteristic of market direction being unclear. Meanwhile, the BOLL bands are contracting and the RSI.
Neutral non-divergence indicates that the market sentiment is balanced, and there is a lack of breakthrough momentum in the short term.
Operation Suggestions:
4470, target 4500-4550, strict defense!
For reference only, subject to the stone plate! #币圈#