📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
【Price Trend Analysis】
1. Candlestick Patterns:
- The price has been fluctuating in the range of 3400 to 3500 recently, forming a consolidation pattern.
- On the daily K-line chart, long upper shadow lines appeared on July 15th and 16th, indicating significant overhead pressure.
2. Technical Indicators:
- MACD: In the 4-hour cycle, DIF and DEA are close to the zero axis, but there are signs of a downward crossover, and short-term may face retracement pressure.
- RSI: RSI14 is around 65, which is relatively high but not yet in the overbought zone, indicating that the market still has some room for further upside, but caution should be exercised against potential pullback risks.
- EMA: The current price is hovering around EMA7 (3388.69), with support below at EMA30 (3245.96) and EMA120 (3234.66). If it falls below EMA7, it may test the support below.
3. Trading Volume:
- The Trading Volume significantly increased on July 15th, reaching 2723613, indicating intense competition between long and short positions.
- Trading Volume decreased on July 16th to 913422, indicating increased market caution. #ETH#