#美7月PPI年率高于预期# #以太坊ETF突破300亿美元# 8.16 Weekend Market Overview: ETH bullish shark pattern, do you dare to go long?


ETH has been hesitating at the 4454 resistance exchange resonance position, consolidating due to the pressure from the descending wedge trendline; if it breaks the resistance and stabilizes, it can go long, otherwise, if it falls back, it can short in line with the trend.
Looking at the chart, ETH has a bullish shark pattern, with the predicted point D landing at 4744, so there is still a 300-point bullish space for Ethereum; wait for a right-side breakthrough at 4454 to stabilize and go long, with a stop loss at 4418, and targets at 4526, 4629, and around 4744; at the same time, if 4454 breaks down and falls back, you can also go short with a stop loss at 4503, and targets at 4399 and 4372; conversely, go short at point D to take the pullback, with a stop loss at 4794, and targets at 4604 and 4512.
Friends passing by, please give a follow as the greatest support for me! Grateful thanks! Follow me so you won’t get lost; I provide you with the latest news and analysis every day, and the wealth codes you want. Don’t forget to follow and like!
ETH7.98%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)