Will the trend of Ethereum continue to decline?Will Ethereum's trend continue to decline? Today is October 6th at 9:49 am, continuing to analyze Ethereum. Firstly, from the overall trend, the daily trend of Ethereum has been in a downward trend, showing an aspirational state
Will the trend of Ethereum continue to decline?
Will Ethereum's trend continue to decline? Today is October 6th at 9:49 am, continuing to analyze Ethereum. Firstly, from the overall trend, the daily trend of Ethereum has been in a downward trend, showing an aspirational state. Although we cannot only look at the daily trend, as we only do intraday or maximum day trading, it can serve as a reference.
Therefore, the trend of the daily line can be used as a reference, but it cannot be viewed too far as it takes longer to consider. Therefore, we cannot make decisions based on the daily trend, because if we cannot persist, our decisions will be meaningless. Therefore, in the operation, we mainly focus on hourly level trends. For beginners in technology, this is very important.
From an hourly level perspective, Ethereum is still in a downward trend. Although the magnitude of each decline is not significant, the overall trend is still downward. This is because the subordinates are strong, that is, they have rebounded in the downward trend. Technical learners should understand this, not be like flying in the sky. At present, the trend of Ethereum is in a stagnant state, but ultimately it has formed a head and rebounded at this position.
Next, we need to observe the trend at the 15 minute or 5 minute level, as if the hour level reaches the top again, we may not be able to follow up in a timely manner. We need to first observe the rebound situation, and then observe whether the top of the 15 minute or 5 minute level appears. If the top of the hour level does not appear, we can observe it first.
If we want to follow the trend, you can click on my profile to view my homepage or top article, or send me a private message. If you don't understand me, you can take a look at my previous videos, which have been validated and my daily predictions are also very clear. Finally, I would like to conclude my analysis.
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