Coin Circle Morning Light
2024-1-22
Good afternoon, fellow coin friends. After two days of shock adjustment, the current Ethereum price has fallen back from a high level and has fallen below the 2400 mark. Judging from the current market trend, whether the bullish trend has ended, let's go into the market and make an analysis.
First, we analyze from the four-hour line indicators. At present, the KDJ three-line indicator value trend is dead cross, the three-line indicator value is going down, the J line shows a small downward inclination, and the BOLL track line begins to show a downward trend. It can be seen from the main chart indicator that the currency price has fallen below the MA5-day moving average. At the same time, the currency price has also begun to stabilize on the lower track of the BOLL track, indicating that the upward trend of the currency price is beginning to show pressure. The future rise still needs to wait for the opportunity. At present, affected by the fluctuations in market sentiment, the currency price will still fall back.
From the 1-hour line indicator, we can see that the KDJ indicator has formed a downward dead cross, the three-line indicator value is going down, and the J line is about to go to the oversold zone. At the same time, through the BOLL track line, we can also see that the current currency price has begun to pull back. In the main chart indicator, we can see that the MA5 daily moving average has begun to suppress the currency price. The pressure from above is relatively serious. We still need to wait for the opportunity to rise in the future. At present, it is mainly a downward trend. Long orders on hand need to wait.
Operation range suggestion: Ethereum 2410 short, look below 2380
Big pie 41000 short, look below 40000
