ETH breaks through 2 key positions, bull market is coming
Technical analysis shown on the 4-hour chart
1. ETH has broken through the key position of the triple bottom ($1266), the neckline
2. ETH broke through the order trend line (1328), and stepped back to confirm.
3. The MACD has entered the top of the 0 axis, which means that it has entered a bull market.
Conclusion 1: If you are an activist investor, go long and the target can be set around 1980.
Conclusion 2: If you are a cautious investor, wait for the pullback to step back on the trend line (refer to the trend line yourself), and wait for the MACD to enter when the golden cross appears above the 0 axis again. (I drew it on the diagram)
Entry point: around $1300 or wait for the MACD golden cross to appear.
Stop Loss: $985
Take profit position: near 1980
1. ETH has broken through the key position of the triple bottom ($1266), the neckline
2. ETH broke through the order trend line (1328), and stepped back to confirm.
3. The MACD has entered the top of the 0 axis, which means that it has entered a bull market.
Conclusion 1: If you are an activist investor, go long and the target can be set around 1980.
Conclusion 2: If you are a cautious investor, wait for the pullback to step back on the trend line (refer to the trend line yourself), and wait for the MACD to enter when the golden cross appears above the 0 axis again. (I drew it on the diagram)
Entry point: around $1300 or wait for the MACD golden cross to appear.
Stop Loss: $985
Take profit position: near 1980