🈷️19th Next Week Market Analysis


Currently, the 2 and 3-day lines remain in a large-scale sideways range, encountering resistance above. The 12-hour 256 and the 5-day and weekly 256 resistances are pressing down. The question is whether to continue the rebound with a strong attack or to pull back and continue falling, forming a new round of bear market. Next week is very critical.

Trading idea: 4, 6, 8 hours are consolidating; breakouts should be traded in the direction of the breakout. Key levels: 2380, 2400, 2300, 2280.

👿 Future Bullish Outlook: a. 4 and 6-hour must re-establish above the midline; must break above the upper band to open upward.
b. For smaller timeframes, 15 and 30 minutes, analysis must turn bullish; also need to break the 15-minute bull line. 2, 3, 4-hour lines must turn bullish and re-establish above the 30-line. 6 and 8-hour lines must form a secondary golden cross and turn upward, indicating a bullish trend.
c. For large upward movement, must break above and hold the 12-hour 256 moving average.
d. Pullbacks: Bulls are proud; support levels at 2150/2130, with a minimum of 2080. If not broken, bullish trend remains.

🩸 Resistance levels: 2360, 2380, 2400, 2460, 2500, 2550/2580, 2600, 2650, 2680.

🩸 Breakout signals:
- Breakout 1: 2380, target 2400, 2450, 2480.
- Breakout 2: 2500, target 2550, 2580, 2600, and the 12-hour 256 MA.
- Breakout 3: 2600, target 2650/2680, 2740.

👿👿👿 Future Bearish Outlook: a. Rebound fails to break 15 and 30-minute 30-line or 2370.
b. As long as the large timeframe cannot hold above the 30-line upper band, the trend must turn bearish.
c. Watch whether the 6 and 8-hour lines break below the 30-line to form a new downtrend. For a sharp decline, break below the 1-hour 256 MA and reach the 2-3 hour 256 MA support.
d. Pay attention to the last line of the 8-hour chart; observe the future trend and turning points of the 8-hour 5 and 10 MA lines.
f. Watch the midline of the daily chart; for each large timeframe, if the midline is broken at 2200, 2170, 2100, be cautious. If the 2-day line breaks the midline and reaches the lower band, expect a quick downward move. Also, monitor the last lines of the 8-hour and 12-hour charts.

🩸 Key levels: 2300, 2280, 2250, 2200, 2170/2150, 2130, 2100, 2080, 2050, 2000, 1950/1930, 1900, 1850, 1830, 1800, 1780/1750, 1680, 1630, 1550, 1510, 1480, 1450, 1380.

🩸 Breakdown signals:
- Break below 2280, target 2250, 2230, 2200.
- Break below 2200, target 2150/2130, 2100.
- Break below 2080, target 2050, 2000, support at the 8-hour lower band.
- Break below 2000, target 1950/1930, 1900, support at the 2-day lower band.
- Break below 1860, target 1850/1830, 1800, support at the 3-day lower band.
- Break below 1800, target 1750/1730, 1700.
- Break below 1700, target 1660/1630, 1600.
- Break below 1600, target 1550/1530, 1500, 1480, support at the 5-day lower band.

Breakdown and breakout signals suggest light positions for trading; heavy positions must include stop-loss. Sometimes, breakouts and breakdowns do not happen immediately and require time. For ETH, stop-loss is just 10 points; for Bitcoin, 350 points.
ETH-1,05%
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GateUser-df2e8be3
· 6h ago
Steadfast HODL💎
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