The four-hour chart of Yitai shows short-term oscillation with weakness. Moving averages: the price is below the 4-hour EMA50 (2950), with short-term EMA alignment indicating a bearish trend, and clear resistance above.



RSI: around 41, neutral leaning bearish, with bearish momentum dominant. Selling pressure has not eased, and rebound momentum is insufficient. MACD: the 4-hour bearish momentum is slightly converging but still below the zero line, with no effective golden cross. Trading volume is weak, making sustained rebounds unlikely.

Yitai Bearish Strategy: During rebounds to 2950-2960, encounter resistance and fall back with increased volume; consider light short positions, stop-loss above 2985, target 2850-2810. #ETH
ETH-2.28%
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
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 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)