Coin Circle Morning Light
2024-2-5
Good afternoon, fellow coin friends. We have won five games in a row. The market is rising slowly. 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 forms a low-level golden cross and a gentle trend. At this time, the J line is an obvious oscillating trend, and the BOLL track line begins to show a three-line stable trend. The currency price remains above the lower track. In the main chart indicator, we can see that the current MA10-day moving average has a trend of suppressing the current currency price increase. At the same time, the MA5-day moving average trend is relatively weak, and the MA5-day moving average appears to cross the MA10-day moving average, indicating that the currency price will be hindered at this time.
Looking at the 1-hour line again, the KDJ three-line indicator currently maintains a dead cross upward trend, but the BOLL track line is currently opening significantly, and the currency price is maintained in the middle of the lower track for adjustment. The MA5-day moving average in the main chart indicator has already crossed the MA10-day moving average, and the currency price is suppressed by the MA10-day moving average. Although the MA5-day moving average drags down the current currency price, there will be an adjustment trend in the future market.
Operation range suggestion: Ethereum pulls back to 2260 to buy, target 2320
Big pie 42300 more, target 43000
