Coin Circle Morning Light
2024-1-31
Good morning, fellow coin friends. Yesterday’s strategy was perfect again. The current upward trend of the market is blocked. Will there be a correction in the future? Let’s go into the market and start analyzing.
First of all, from the perspective of the four-hour line indicators, the current Ethereum KDJ three-line indicator has begun to show a downward trend of death cross, and the three-line indicator value has begun to show a gentle downward trend, and the J line has an obvious downward inclination, indicating that the current upward process is hindered. At the same time, the BOLL track line still maintains an opening trend. In the main chart indicator, we can see that the current MA5-day moving average has begun to suppress the current upward trend of the currency price, and there is a pressure trend. At the same time, a dark cloud cover pattern is currently formed, indicating that a partial correction will begin to appear in the future market
From the 1-hour line, the current KDJ three-line indicator is also a downward trend of death cross, and the three-line indicator value will continue to adjust. The J line begins to enter the oversold area, and the BOLL track forms a three-line parallel trend. The currency price remains below the middle track line. The MA5-day moving average in the main chart indicator has crossed the MA10-day moving average to form a downward death cross trend, and the current currency price is suppressed by the MA5-day moving average. The market outlook will begin to show a downward trend
Operation range suggestion: Ethereum pulls back to 2330 to short, upper target 2280-2240
Bitcoin pullback to 42800 to short, target 41500
