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The overall volatility of the pancake market has not been significant recently, and its performance has been relatively calm, falling into a range oscillation market. From early Saturday morning until now, prices have been fluctuating back and forth within a certain range, with multiple fluctuations and a relatively balanced state of power.
At the four hour level, after a continuous bearish decline, the bearish momentum significantly weakened, but the bulls failed to organize an effective counterattack, and the market entered a narrow range oscillation stage. Despite the current situation of a long short tug of war, the overall technical form still maintains a bearish dominant pattern, and it is expected that the downward trend will likely continue after a period of consolidation.
At the one hour level, the price continues to fluctuate between yin and yang, and there is always a lack of strong bullish signals during the trading session. Without a strong rebound, the weak consolidation structure is difficult to change.
Ethereum has been strengthening in recent days. After all, it has entered an oversold state. Continue to pay attention to the point of 2130. Once it effectively breaks the level, it will definitely go to around 1800 in the future!
The recommended operating range for the pancake is around 86500-86800 koku, with a target of around 85000 koku. Ether can be empty between 2200-2230, with a target around 2100.
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Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.
