The three tracks of the 4-hour Bollinger Bands have shrunk severely, and the current range is compressed in the 3056-3012 range. As time goes by, the range will continue to shrink. The short-term support middle track and the MA30 moving average correspond to the 3034-3020 line. The 4-hour indicator macd has a high-level dead cross and runs with large volume. The dynamic indicator double lines are glued together and flat, indicating that there are signs of further decline in the 4-hour period. Pay attention to the suppression of the 3042-45 line in the short term.
The hourly macd dead cross is initially established, and the dynamic indicator sto is quickly repaired downward, indicating that the price shock is weak. At present, pay attention to the resistance of 3042-48 above.
In summary: Pay attention to the support of the 3025 line below during the day, and pay attention to the suppression of the 3057 line above. Combined with the shrinking of the 4-hour Bollinger Bands, the short-term price remains in the range of 3025-3053. The short-term resistance is at the 3042-45 line.
Resistance: $3,045; $3,079; $3,100; $3,108
Support: $3,018; $3,000; $2,974; $2,956
The hourly macd dead cross is initially established, and the dynamic indicator sto is quickly repaired downward, indicating that the price shock is weak. At present, pay attention to the resistance of 3042-48 above.
In summary: Pay attention to the support of the 3025 line below during the day, and pay attention to the suppression of the 3057 line above. Combined with the shrinking of the 4-hour Bollinger Bands, the short-term price remains in the range of 3025-3053. The short-term resistance is at the 3042-45 line.
Resistance: $3,045; $3,079; $3,100; $3,108
Support: $3,018; $3,000; $2,974; $2,956
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.