7.6 Morning Analysis of ETH “Two Bings” Pattern

Analysis: Go long around 1760-1740, defend at 1720, and watch for 1800-1850.

After the market surged and reached a peak at 1807, it pulled back. In the medium to long term, the moving averages still remain upward and continue to provide support; overall, the uptrend has not been broken. The order book is unlikely to see a continuous one-way surge, and there is no scenario of a deep crash. In the short term, it most likely will first move in a pattern of rally and pullback to wash the market, clearing off floating positions from the lower range. After the bottom is consolidated, it will then enter a slow, long-lasting consolidation-to-uptrend phase. Downside support is solid, and the room for further decline is limited. For trade planning, wait for a pullback to the moving average support area, and consider going long from the lower end of that range.#Vitalik公布精简以太坊路线图 $ETH ‌