Recently the market has gradually strengthened, ETH's performance should be a credit. Bitcoin is more influenced by the peripheral market, which I analyzed in my previous article, because more and more institutions are involved in Bitcoin transactions, so he is more susceptible to the mainstream market. And the digital money market, with the exception of Bitcoin, ETH is the most influential.
Let's take a look at the chart. In my Article of May 23rd, I clearly described her pressure bit, the daily line looks, when a convergence triangle was formed, and I gave the pressure level after the breakout, and then i did follow that path. And from the weekly line, $240 is the neckline, so here concussion finishing, insist on reading friends should be very familiar with the three-line in-one strategy, I have mentioned in the past article many times. This weekly chart is fully compliant with our three-line-in-one strategy.
On July 23rd, In "Daily Analysis", I took out mainstream coins such as ETH for a special analysis and given a target bit ($300/380). At present, the first target 300 has been achieved, and the long trend is still continuing, so at present look at the rising space still exists.
Can eth reach the $380 target?
If, in terms of Bitcoin's market capitalization, she could theoretically drop to about 56%, then there is still 6% room, assuming that this part of the free room is given to ETH, in the market market value does not increase, the corresponding 30% increase, then the position of $380 is easy to reach.
Of course, our market is not static, so we consider that the market is still on the way up, in the deduction of Bitcoin share fell less than expected, the overflow of space is not likely to give ETH and other factors, I think eth another 20% rise is more reasonable, that is, there is about $60 room.
That's where I'm given the a-point on the week line. But we also have to look at an important pressure level, the weekly ma144, which is currently in the vicinity of $319, so to achieve the goal, the bulls have to go through this first.
Of course, there is a premise here that the market continues to rise, and Bitcoin at least can't see a big decline. The above conclusions can be reached only if these two conditions are met.
Recommendation: The middle line can use the daily line ma6 as the holding standard. But here also pay attention to do a good job of wind control, control positions, and set stop-loss targets.
Let's take a look at the chart. In my Article of May 23rd, I clearly described her pressure bit, the daily line looks, when a convergence triangle was formed, and I gave the pressure level after the breakout, and then i did follow that path. And from the weekly line, $240 is the neckline, so here concussion finishing, insist on reading friends should be very familiar with the three-line in-one strategy, I have mentioned in the past article many times. This weekly chart is fully compliant with our three-line-in-one strategy.
On July 23rd, In "Daily Analysis", I took out mainstream coins such as ETH for a special analysis and given a target bit ($300/380). At present, the first target 300 has been achieved, and the long trend is still continuing, so at present look at the rising space still exists.
Can eth reach the $380 target?
If, in terms of Bitcoin's market capitalization, she could theoretically drop to about 56%, then there is still 6% room, assuming that this part of the free room is given to ETH, in the market market value does not increase, the corresponding 30% increase, then the position of $380 is easy to reach.
Of course, our market is not static, so we consider that the market is still on the way up, in the deduction of Bitcoin share fell less than expected, the overflow of space is not likely to give ETH and other factors, I think eth another 20% rise is more reasonable, that is, there is about $60 room.
That's where I'm given the a-point on the week line. But we also have to look at an important pressure level, the weekly ma144, which is currently in the vicinity of $319, so to achieve the goal, the bulls have to go through this first.
Of course, there is a premise here that the market continues to rise, and Bitcoin at least can't see a big decline. The above conclusions can be reached only if these two conditions are met.
Recommendation: The middle line can use the daily line ma6 as the holding standard. But here also pay attention to do a good job of wind control, control positions, and set stop-loss targets.
30年的A股投资经历，水平虽然不高，但经验足够丰富。熊市避坑，牛市逃顶，对于新手可能有所帮助。
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450
