ETH Market Day Analysis-Novemeber 16th

 2020-11-16 07:22:45

The price had a relatively large adjustment over the weekend, and continued to fluctuate. From a peak of US $478 on Saturday and dropped back to US $440 on Sunday night, the price now rebounded slightly and was running around US $450.

From the 1-hour chart, the Bollinger Band opened downwards. In the morning, the currency price rebounded slightly and returned to the lower trend of Bollinger Band. MACD short positions continued to shrink and the KDJ three-line distributed upward, which indicate that there may be a short-term rebound.


From the 4-hour chart, the Bollinger Bands are running open, and the red candlestick has failed to break through the lower Bollinger Bands track, and rebounded slightly to return to the Bollinger Channel. The MACD short position can continue to increase, and the fast and slow lines are running downwards below the zero axis. KJ three lines converged upwards.


Action suggestions:

Fall back near US $443-445, enter market with buy/up, the target is near US $452-455, stop loss 4 points

Rebound near US $458-460, enter market with sell/down, the target is near US $448-451, stop loss 4 points


Tips: Quotes are time-sensitive, and please pay attention to take good risk control and make good use of "Take profit" and "Stop loss".

The technical analysis of cryptocurrencies in real time should be taken for informational purposes only, and in no case should it be taken as an investment signal.

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