7.23 Ethereum midday market analysis and operation ideas
From the perspective of Ethereum's daily technical indicators, the three lines of the KDJ technical indicator turned upward, the MACD technical indicator showed an upward trend, and the BOLL technical indicator was on the right track and opened upward and operated in the area above the middle track. At the same time, it was close to the currency price. The MA5 daily moving average and the MA10 daily moving average continued to rise in a bullish pattern, and the MA30 daily moving average also continued to strengthen. From the side, it shows that the bullish rise is still relatively strong and has not weakened. Although Ethereum is currently in the red TD1 down signal, today's retracement strength has not effectively touched the lower support. On the contrary, the current currency price has stabilized the green TD13 bullish signal.
From the 4-hour technical indicators, the KDJ technical indicator rises in a golden cross pattern, the MACD technical indicator rises slowly in a bottom golden cross pattern, the MA5-day moving average and the MA10-day moving average continue to press upward, and the DIF and DEA technical indicators also maintain a coordinated upward pressure posture. Therefore, in the short term, the currency price will still fluctuate upward in a bullish pattern, so the operation ideas for the afternoon and evening are recommended to focus on retracement and long positions.
Ethereum: Many in the area around 3505-3485, stop loss: 3457, target: 3570-3620
Bitcoin: Many in the area around 66800-66300, stop loss: 65500, target: 67600-68300#BTC #ETH $ETH $BTC