Ethereum: The future will be sideways

 

ETHUSD  以太坊

● 週線：當前價格跌至MA52(年線)的上方，顯然《費波那契回撤》(Fibonacci)的 0.382 價格1912無法被向上漲破，且MA13(季線)也已經開始下彎。未來ETH(以太坊)價格要再度重回上升趨勢，還必須經過不短的時間重新整理。

Weekly: The current price has fallen above the MA52 (annual line), obviously the 0.382 price 1912 of the "Fibonacci retracement" cannot be broken upwards, and the slope of the MA13 (quarterl line) has also begun to decline. In the future, if the price of ETH (Ethereum) wants to return to the upward trend again, it must be a long time.

● 日線：8月4日曾經預測提到：5月至今的交易量明顯下滑，ETH(以太坊)很難有大幅上漲行情，必須持《保守心態》。果然在8月23大幅帶量下跌，且目前已經跌破了《三角收斂型態》的下緣，跌到MA360(年線)上方。短時間內整數1600應該能守住，除非加密貨幣有更大的壞消息，價格才有可能在繼續下探整數1400的型態支撐。

Daily: The forecast on August 4 that the trading volume from May to now has declined significantly, and it is difficult for Ethereum to have a sharp rise in the market, so the expectation of "cannot rise". As predicted, it fell sharply on August 23, and has now fallen below the lower edge of the "Triangle Convergence Pattern", falling above the MA360 (annual line). If there is more bad news for the cryptocurrency, the price may continue to fall to the 1400 integer support level. Otherwise, the price of Ethereum should to stay above the 1600 integer in the near future.

● 四小時圖：從近24小時內的以太坊成交量判斷，價格是不可能大幅向上反彈的，最多就是在1600上方橫盤整理。波段交易者可以嘗試在上方1740的壓力下方做空。激進者可以在1600整數附近，或是向下跌穿1600時在1560-1580搶短多。

H4: Judging from the Ethereum trading volume in the past 24 hours, it is impossible for the price to rise sharply, and at most it will be in a sideways above 1600. Swing traders can try to short-position below the pressure 1740. Active traders can try to hold a short-term long position in the 1600 integer (or 1560-1580)

 

● 一小時圖：同H4的判斷，成交量完全看不出有上漲的可能，最多就是《橫盤整理》。短線操作者可以在如圖的支撐壓力區間內做逆勢交易。

H1: Same the analysis of H4, the trading volume: impossible to rise. The most likely scenario is "Sideways". Active trader can do "trading against the trend" within the support and pressure range shown in the figure.

 

● 交易策略：

Trading straregy:

橫盤整理，建議：低位支撐做多，高位阻力做空

Sideways oscillates. Suggestion: go long at low support, short at high resistance

R1 - 1688

R2 - 1740

R3 - 1800

S1 - 1640

S2 - 1600

S3 - 1560

● UHD 4K Pic Link:  (TradingView)

https://www.tradingview.com/x/cDJp5Wfq/

● UHD 4K Pic Link:  (Google Drive)

https://drive.google.com/drive/folders/1qz_5xstu3OJgL6kRak9MDY0vjDm3MvUI

● TradingView Idea:
https://www.tradingview.com/chart/ETHUSDT/oXCmgBDs-Ethereum-The-future-will-be-sideways/

https://www.tradingview.com/chart/ETHUSDT/RbOyYGuC-Ethereum-H4-The-future-will-be-sideways/