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【Buy and Sell Points】
- First Buy Point: 2950 USDT (Close to EMA30 support, an important digital level, may form short-term support)
- Second Buy Point: 2900 USDT (Near the previous low, an important digital level, strong support from buyers)
- Stop Loss for Buying: 2875 USDT (After breaking 2900, the risk of a pullback to lower areas increases, set stop loss below the digital level 2875 to manage risk)
- First Sell Point: 3050 USDT (Close to EMA120 resistance, an important digital level, selling pressure may occur)
- Second Sell Point: 3100 USDT (Near the previous high, a major resistance zone, clear selling pressure may appear)
- Stop Loss for Selling: 3125 USDT (After breaking 3100, further rise may occur, set stop loss above the digital level 3125 to avoid risk)
【Price Trend Analysis】
1. Candle Formation:
- The price recently surged significantly on December 19, forming a long candle, surpassing the previous trading range.
- The current candle shows a slight correction but remains at a high level, indicating weak buying strength.
2. Technical Indicators:
- MACD: On the four-hour cycle, DIF and DEA are gradually converging, and the MACD histogram shifts from negative to positive, suggesting a short-term rebound; however, the trend remains below zero and leans toward bearishness.
- RSI: The RSI value is 53.73, in the neutral zone, not entering overbought or oversold areas, indicating current market sentiment stability.
- EMA: The current price is above EMA7 (2947.64) and approaching EMA30 (2953.18), short-term moving averages support is effective, but EMA120 (3044.43) still represents a strong resistance.
3. Trading Volume:
- On December 19, trading volume increased significantly, accompanied by a price rise, indicating liquidity entering and market driving.
- In the morning of December 20, trading volume declined sharply, suggesting increased caution in the market, with a temporary balance between sellers and buyers.#JoinGrowthPointsDrawToWinGoldenBar #ETHTrendWatch