๐ #GateSquareCommunityChallenge# Round 1 โ Who Will Be The First To The Moon?
Brain challenge, guess and win rewards!
5 lucky users with the correct answers will share $50 GT! ๐ฐ
Join:
1๏ธโฃ Follow Gate_Square
2๏ธโฃ Like this post
3๏ธโฃ Drop your answer in the comments
๐
Ends at 16:00, Sep 17 (UTC)
Ethereum dropped to around 4363 early in the morning, then closed with a bottoming doji, indicating a stop to the decline and a rebound. Similarly, yesterday's pullback hit the historical support level. Currently, from a one-hour perspective, Ether is facing a challenge from the Bollinger Bands indicator. If it can stabilize above this moving average today, there is still a chance for a rebound before the US Non-farm Payrolls (NFP) data is released. Of course, the most important factor is today's NFP data. It is best if it is close to expectations (a slight deviation that is in line with, slightly lower, or slightly higher is acceptable); if it is far below expectations, there will be a greater expectation of interest rate cuts, but the market has to bear the small shock from recession concerns; if it is far above expectations, that would naturally be the worst for the market, as the path for interest rate cuts would need to change.
Ether reference: Buy around 4317, target 4417, with a stop at 45.