Analysis of Ethereum market in the early morning of July 20 ~ with operation ideas
Ethereum continued to fluctuate slightly during the day. In the evening, due to the news, Bitcoin broke through the recent high again, and Ethereum also moved out of the oscillating upward trend. The probability of the current daily level TD rising again with the lag of TD13 in the evening increased again. If the coin price falls back in the early morning and does not break the short-term support of 3420, then the closing price of the coin tomorrow morning will be strong again, and stand firm at the key pressure of 3500-3520. The subsequent coin price will continue to test the pressure of 3570-3635. The daily line is mainly used for reference for one to four hours.
The 4-hour line has three consecutive positive K columns, and the MA5 10 30-day moving averages are rising in resonance. From the indicators, there is no doubt that the bulls are currently in a dominant position. In addition, once the Ethereum trading volume rises, the big cake will rise again and break through the recent high. The key suppression of 3500-3520 will continue to test the suppression of 3570-3635. Therefore, for the early morning trend, the view is to maintain the short-term band, focusing on the retracement and taking more.
Operation suggestion: Ethereum: 3450-20 long target: 3490 -3520, plug in to 3570, stop: 3400
Bitcoin synchronization: 65500-65000 long target 66400-67000, plug in to 67500, stop: 64700
For the short term, let's see here first, let's do it step by step, and then do a detailed analysis later
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