Ethforecast
ETH-----Sell around 4565, target 4630 areaAugust 13th ETH Contract Technical Analysis:
Today, the daily chart closed with a small bullish candlestick pattern, with prices rising continuously. The price is above the moving average, and the accompanying indicator is forming a golden cross. The overall upward trend is very clear, and the price has experienced a slight retracement before continuing to rise and breaking through the high to a new all-time high. Therefore, we should continue to buy on pullbacks, but we should still be aware of the risk of pullbacks caused by news and data. The short-term hourly chart shows a low near 4565 and a high near 4685. The current candlestick pattern is continuous, but the accompanying indicator is overbought, so it is not advisable to buy directly. The future market trend is complex, so waiting for a pullback to buy is a safer option.
Today's ETH Short-Term Contract Trading Strategy:
Buy on pullbacks to 4565, with a stop loss at 4535 and a target of 4630.