Coin Zone Trends: This Week’s Big Data on Ethereum Price Trends (2017-08-21)

ETH Weekly Report | Ethereum shows a volatile platform pattern, no entry without a break in the short and medium term
1. Market highlights <br/>Current Ethereum price: 2037
Volatility last week: 2.4%
Operation suggestion: reduce the position appropriately, and increase the position after breakthrough

4-hour chart
2. Trend Analysis Last week, due to the long side taking a break, the currency zone trend analysis pointed out that short-term profits should be locked in. Now, the price of Ethereum fluctuates in the trading range of 1900~2150, showing a platform mode overall. It is worth noting that in the upward trend, it is very normal to have adjustments in the middle. From the current trend, the price of Ethereum is still in the upward channel.
As shown in the 4-hour chart, since August 9, the price of Ethereum has generally fluctuated between 1900 and 2150, with no obvious upward or downward trend, and the trading volume has shrunk. Under this premise, the effectiveness of various K-line patterns in this range will be greatly reduced. For technically proficient investors, swing trading can be done in this range, but it is necessary to pay attention to stop-profit and stop-loss.

However, from the 1-hour chart, Ethereum has recently increased its volume to attack the upper resistance line of the platform, and the overall short-term trend is still bullish. Aggressive investors can actively build positions, while conservative investors can wait for the price to break through the upper resistance line of the platform before entering the market.
Quantum recently had a spectacular rebound, but after stagnation at the top of the rebound for nearly 6 trading days, the bulls retreated and the bears took the opportunity to suppress the price. At present, the trading volume is gradually shrinking during the adjustment period. Investors can pay attention to the direction of the volume increase in the future market. If the volume increases, the original rebound trend will continue. Otherwise, there will be a deeper and wider adjustment.