ETH Weekly Report | Dangerous signals reappear, and the future trend is unclear

1. Market highlights <br/>Current Ethereum price: 650
Volatility last week: 27.99%
Operational suggestions: The signal needs to be verified, and risk avoidance is the main strategy
2. Trend Analysis <br/>Last week, the price of Ethereum climbed again, just one step away from 700 RMB. As the price continued to rise, a large amount of profit-taking chips accumulated, and the upward pressure increased. During this round of rise, many danger signals appeared, but the subsequent price trend verified that they were invalid. Therefore, this time is no exception and needs to be verified in the future market. Looking at the daily chart, the moving average system (5, 10, 20) shows a strong bullish arrangement pattern, and the MACD indicator runs in the forced area, indicating that the lowest price support level is still rising. However, since the K line is far away from the moving average system, there is a need for adjustment in the short term. In addition, on May 5 (last Friday), the market formed a cross star at the high price, and it is expected that the original trend will reverse soon, but this signal needs to be verified in the future market trend.
Looking at the 12-hour chart, the moving average system shows a strong bullish arrangement, but the MACD indicator has a golden cross in the strong area, and the stochastic indicator and the strength index both extend southward to the hovering area, indicating that the market is likely to fall. In addition, if the price of the currency effectively falls below the trend line in the above figure, then the market may see a medium-term trend adjustment.
On the whole, due to the high degree of control, the main force has the ability to "draw pictures", and it is not ruled out that the bearish signal is a trap set by the main force. However, in any case, investors should pay enough attention to any danger signal and pay close attention to price trends.