9.28 Ethereum midday market analysis and operation ideas
After Ethereum's bull high hit the 2728 line early this morning, the bull volume continued to shrink. This round of rising strength is just a test of the upper strong pressure line and has not broken substantially. At present, the 4-hour technical indicators of Ethereum and Bitcoin are simultaneously standing in the red TD9. Don't take short-term long orders, just sell them when it's appropriate. From the daily technical indicators, the KDJ technical indicators and MACD technical indicators still have a strong desire to rise, but the currency price and the MA5-day moving average still have a certain technical gap. Although the MA5-day moving average continues to rise with the MA10-day moving average, the MA30-day moving average has not linked the bulls to increase the volume, but continues to press down.
From the 4-hour technical indicators, although the KDJ and MACD technical indicators continue to strengthen, the long volume continues to shrink. The BOLL technical indicator is also running in the upper track area and the currency price is close to the upper track, which probably means that the upward space is limited. At the same time, the amplitude above the MA5 daily average line is significantly weakened, so the currency price is likely to retrace during the day. This round of retracement will not be too strong. The line around 2650 can be paid attention to below.
The above is the analysis and summary of the midday market. For real-time Dan, you can pay attention to my homepage. Thank you for your support
