ETH Contract Technical Analysis (November 3rd):
On the daily chart, yesterday's close was a small positive candle. While the candlestick pattern shows consecutive positive days, the momentum and continuation are weak, and the price is below the moving averages. The accompanying indicators are showing a death cross, indicating a clear downward trend. Therefore, the trading strategy remains sell. On the hourly chart, the resistance level is around 3920. The current price has rebounded to near the 4-hour moving average resistance level. Given the clear downward trend, further upward movement is unlikely. Therefore, the focus for today and the European session should be on a break below support levels.
Today's ETH Short-Term Contract Trading Strategy:
Sell at 3890, stop loss at 3930, target 3830.
On the daily chart, yesterday's close was a small positive candle. While the candlestick pattern shows consecutive positive days, the momentum and continuation are weak, and the price is below the moving averages. The accompanying indicators are showing a death cross, indicating a clear downward trend. Therefore, the trading strategy remains sell. On the hourly chart, the resistance level is around 3920. The current price has rebounded to near the 4-hour moving average resistance level. Given the clear downward trend, further upward movement is unlikely. Therefore, the focus for today and the European session should be on a break below support levels.
Today's ETH Short-Term Contract Trading Strategy:
Sell at 3890, stop loss at 3930, target 3830.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.