【5.12 Ethereum Price Trend Analysis】
K-line pattern: The recent 4-hour K-line shows that the price fluctuates greatly, with an obvious long negative line, and the following K-lines are all small entities, indicating that the market has entered a state of shock consolidation after a decline. At the daily level, the sharp decline broke the previous sideways pattern. Although it rebounded in the next two days, the increase was limited, suggesting that the market may not have fully digested the previous downward pressure.
Technical indicators: In the MACD indicator, the latest MACD value is negative and DIF is still running below DEA, indicating that the market is still in a bearish trend in the short term. However, the MACD histogram has changed from negative growth to negative decrease, which may indicate that the downward momentum is weakening. The KDJ indicator shows that the J value has dropped sharply from the overbought area to the oversold area in recent cycles. At present, the K and D lines are both below 50, and the K line is about to cross the D line upward. If a golden cross occurs, it may be a short-term rebound signal. In the EMA indicator, the 7-day EMA is always lower than the 30-day EMA, and the gap between the two has not narrowed significantly, indicating that the medium- and long-term trend is still bearish. The current price is slightly above the 7-day EMA. If it cannot maintain this level, it may bottom out again in the short term.
Trading volume: The 4-hour K-line trading volume increased significantly during the sharp drop on May 10, and then gradually shrank, indicating that the market panic has been released, but the decline in participation may lead to a lack of effective support for prices. At the daily level, the trading volume on May 9 and May 10 was relatively high, especially on the day of the sharp drop, which usually means that there are large differences in the market and more time is needed to confirm the subsequent trend.
Weekend volume is small and intraday recommendations: 2880, 2900 to 2970, 3050 range, look at the point to enter the market. Bring a good stop profit and stop loss.
Personal analysis and opinion sharing does not constitute investment advice, for reference only. #ETH走势分析 #ETH预测 #eth二饼 #每天一个金融知识 #每天60秒读懂币圈