🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
🎁 Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win — prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
Medium to long term trend analysis:
From the weekly trend perspective, ETH is about to form a golden cross, and the market may follow a small one-sided trend similar to the period from October 28 to December 18 last year, that is, the weekly MACD climbing above the zero axis, reaching the upper Bollinger band of the weekly chart, with a medium to long term target of 2880 and a long term target near 3712.
If BTC, as the market leader, breaks through and stabilizes above 107,000, there will be room for an upward pull of 20,000 to 30,000 in the future market, because the weekly level golden cross has already formed.
Similarly, sol is like eth; the weekly MACD is about to form a golden cross. This golden cross is different from btc; btc's golden cross is above the zero line, and the subsequent rise will be a one-sided trend where the 2-3 day MACD climbs above the zero line, with the daily line gradually increasing in volume. In contrast, eth and sol's weekly MACD forms a golden cross below zero, and the movement is a beat slower than btc. They will first complete a weekly pullback action, and after climbing above the zero line, they will enter a gradual rebound one-sided trend on the daily line. The medium to long term trend targets 200, while the long term trend targets 247.