$ETH , the current price of Ethereum is around 2360. It has been a long time since the last time I spoke well of Ethereum on May 19. Last time, Ethereum broke through 3150 and stretched to 3950. I dare not say it this time.
Because the last sideways trend lasted from April 19 to May 19, and this time the liquidation lasted from August 5 to today. It is hard to say whether there will be a unilateral liquidation of shorts like the last time. There is no way to say that we can only try long positions repeatedly. From the first trial of more than 2400 orders, and then the trial of more than 2330 orders, and then the trial of 2220 orders on the 7th, we have such ideas. At present, 2220 is definitely being held. According to the current decadent trend of Ethereum, the time for the long position to be completely opened is yet to be determined. The daily K-line has not effectively reached the EMA15 trend fast line pressure level of 2405, not to mention the EMA30 resistance point of 2515. The current daily K-line bullish momentum is about to start to recover. From the daily line indicators, the bulls have a certain advantage, and the support point for the retracement is still around 2300. The trend of the four-hour short-term level has entered the upward channel and has been at EMA30. The overlap point of the two trends 15 is sideways, that is, 2340, and it goes back and forth. It failed to hit EMA90 twice in a row, and the highest it reached was only 2400. Now the overall trend begins to shrink. Not only MACD and KDJ are shrinking, but also Bollinger Bands are shrinking. The idea is to step back on the support and go short at the pressure position.
Short-term idea reference: safety first, remember that the market is not 100%, so you must set a good stop loss. Safety first, small losses and big profits are the goal
Lots below 2280 to 2300, defense 2230 to 2200 to cover long positions, target 2400 to 2450, break to see 2500 to 2550, stop loss 50 points
Short above 2480 to 2450, defense 2500 to 2520 to cover short positions, target 2400 to 2350, break to see 2300 to 2280, stop loss 50 points
