The naked K-line movement is quite interesting — the daily chart has formed an engulfing pattern near the key resistance at 3326. Once it reverses here, it’s likely to enter a triangle convergence phase. In the short term, the trend has already shifted to a downtrend.
The Bollinger Bands signal is still quite clear. When the middle band is trending upward, the position of the middle band indeed presents a good opportunity for long entries, which is worth paying attention to.
From a supply and demand perspective, the support below is around 3117-3145, while the resistance above is more concentrated — both the 3270-3310 and 3327-3346 zones need to be defended.
If we consider the larger timeframe as a triangle oscillation, Fibonacci levels are indeed quite significant.
My personal view is: the daily chart is still oscillating within a range. Recently, it’s best to follow the triangle convergence pattern. After a rebound, consider mainly a high-position short strategy.
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liquiditea_sipper
· 01-10 14:27
This level at 3326 really can't hold up anymore. Once it breaks below, it feels like the show is about to start.
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FUD_Vaccinated
· 01-08 16:17
It's really frustrating that 3326 can't be broken, constantly rubbing here repeatedly.
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BanklessAtHeart
· 01-08 01:38
Position 3326 really needs to be watched closely; once the absorption pattern reverses, it's time to run.
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Talking about going long at the middle Bollinger band? Just listening, maybe wait for the rebound before acting.
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I stopped believing in the Fibonacci sequence a long time ago; no market has ever followed the textbook exactly.
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It's always triangle convergence or going short at high levels. It seems analysts love to say these two words. Can we get some fresh ideas?
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I agree with the support at 3117-3145; only a break below would truly indicate a bearish outlook.
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I just want to know where the rebound ends. 3238? That's a joke.
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GateUser-afe07a92
· 01-08 01:33
Level 3326 is really a bit stuck. If it breaks after the absorption pattern, it will probably follow the bearish trend.
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UnluckyMiner
· 01-08 01:18
It's the same triangle convergence pattern again. If 3326 doesn't break it, I'll just give up.
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GasGuru
· 01-08 01:15
This resistance level at 3326 is really holding strong. If it can't break through, it will have to continue oscillating.
#数字资产行情上升 【Ethereum Daily Technical Analysis】January 8 Observation
The naked K-line movement is quite interesting — the daily chart has formed an engulfing pattern near the key resistance at 3326. Once it reverses here, it’s likely to enter a triangle convergence phase. In the short term, the trend has already shifted to a downtrend.
The Bollinger Bands signal is still quite clear. When the middle band is trending upward, the position of the middle band indeed presents a good opportunity for long entries, which is worth paying attention to.
From a supply and demand perspective, the support below is around 3117-3145, while the resistance above is more concentrated — both the 3270-3310 and 3327-3346 zones need to be defended.
Note the Fibonacci retracement levels:
- 0.382 level: 3184
- 0.5 level: 3216
- 0.618 level: 3238
- 0.786 level: 3269
If we consider the larger timeframe as a triangle oscillation, Fibonacci levels are indeed quite significant.
My personal view is: the daily chart is still oscillating within a range. Recently, it’s best to follow the triangle convergence pattern. After a rebound, consider mainly a high-position short strategy.