Morning Thoughts on 7.22


The four-hour chart shows the Bollinger Bands in a contracted state. After a large bearish candle broke through the lower band, the bulls rebounded, pushing the price back above the lower band. Overall, it still maintains a small range of oscillation. For the morning operations, it is advisable to wait for a price pullback before positioning for a long trade.
The big cake suggests to layout around 116500-117200, with targets looking towards 118400 and 119000. If it breaks through, it can continue to look down; if not broken, you can try to reverse.
Ethereum suggests a layout between 3720-3760, aiming towards the vicinity of 3820-3850.
ETH-0,59%
BTC0,01%
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
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 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)