ETH Market Analysis- November 20th

 2020-11-20 06:53:14

From the 1-hour chart, the trend of Eth has slowed down after a continuous rise to $495 and then a sharp downward. The market has been in a narrow fluctuation for the past two days, which is preparing for the next wave of lifting.

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From the above point of view, the Bollinger Bands shrink downwards, the K-line runs on the lower track of the Bollinger Bands, and the average lines radiate downwards. The MACD short energy column begins to increase, the MACD speed line radiates downwards below the zero axis, and the KD line has an upward trend. It seems the market will continue to fluctuate in the short-term. However, the general direction is still bullish.

 

Action suggestions:

Fall back near $466-468, enter the market with buy/up orders, the target is near $475-477, stop loss 5 points

Rebound near $479-482, enter the market with sell/down orders, the target is near $469-472, 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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