ETH Price Is Meeting a Bullish Trend?

 2020-12-04 11:21:03

From one hour chart, the currency price of ETH fell and moved to around $604, and then fluctuated. Until December 4th, 08:00(UTC), the downward trend goes up and out of the bearish trend.  But now the current price is around $595. The Bollinger channel runs parallel and slightly opened. The MACD fast and slow line is close to the dead cross above the zero axis, and the energy column shows a short contraction. RSI has the trend to go down. On the whole, it is currently in a bullish trend, so it is recommended to give priority to buy/up at the lower price of ETH.


Action suggestions:

Rebound near $607-610, enter the market with buy/up orders, the target position is $617-620.

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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