From the daily chart:
1. Moving Average: The price fell below the MA120 last Friday and rebounded yesterday, extending the convergence range. A breakout is possible unless the price falls further.
2. Boll: The rebound is suppressing the decline, and a wide range of fluctuations is expected, but the price must break above the moving average to avoid further declines.
3. Volume: VR is inducing a bullish trend after falling below the MA120 last week. The sideways trend has not fallen, suggesting a continued bullish trend. OBV outflows over the past few days have been reversed by a bullish candlestick pattern. If the sideways trend does not break through, and the OBV moving average flattens, a strong rebound may occur in the future.
4. Potential: The upward trend of the resonance has been broken by the rebound, leading to a period of fluctuations. Further declines require consolidation. The CCI is risky below the zero axis, and a rebound is required to reclaim the zero axis for fluctuations.
5. Ichimoku Kinko Hyo: The price has fallen below the bullish cloud. The key is whether the Chishinkansen (Chixing Band) breaks below the bullish cloud. A direction needs to be determined this week; sideways trading will not solve the problem.
In summary: This week's key daily chart move will hinge on whether the MA120 can reclaim its position. If it fails or collapses, this week will determine the winner. These past few days have been tough!
$ETH
{future}(ETHUSDT)