ETH Market Analysis-November 17th

 2020-11-17 04:01:29

From the 1-hour chart, the price continued to rise during the day from yesterday to the early hours of this morning, and it began to fall back after reaching US $468. Technically, the upper and lower rails of the Bollinger Band are parallel and upward. And the K line returns to Bollinger Channel and runs on the middle rails. The MACD bull energy column continues to shrink, the fast and slow line goes up all the way after the golden cross, and the KD lines converge and have a downward trend.

Bexplus


From the 4-hour chart, the moving averages have risen upwards. From the perspective of technical indicators, the Bollinger Band begins to shrink downwards, the K-line runs on Bollinger Middle Rail, the MACD short energy column is converted to long, and the fast and slow lines are about to form a golden cross. KD lines start to run in parallel and have a downward trend. The overall callback is inevitable, but the bulls are still strong, and you cannot blindly short.

Bexplus


Action suggestions:

Fall back near US $456-458, enter the market with buy/up, the target is near US $463-465, stop loss 5 points

Rebound near US $465-467, enter the market with sell/down, the target is near US $458-455, stop loss 5 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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