7.27 Ethereum midday market analysis and operation ideas
From the perspective of the daily level, the current KDJ and MACD indicators of Ethereum are still biased towards oscillation and slight downward movement, and the current middle and lower tracks of BOLL are biased towards upward movement (this means that BOLL has not linked to the short position, and the short-term space for falling will not be too sufficient, and the intraday trend is still biased towards oscillation adjustment); the main chart MA5 and MA10 daily moving averages continue to oscillate downward, and the MA30 daily moving average is slightly depressed, so overall, the daily level technology is still oscillating downward.
From the 4-hour level, the current KDJ and MACD indicators of Ethereum are still biased towards oscillation downward, and the BOLL Chinese currency price is also slightly downward, while the lower track continues to open; in the main chart, MA5 and MA10 continue to decline, and the currency price has slightly rebounded (the current currency price is above the MA5 daily moving average and the green TD1 rebound signal appears), but the exchange rate of Ethereum is very bad, so even if it rises today, its rise will not be too strong. After all, the exchange rate is very depressed, so in the short term, rebound shorting will be the main focus in the future.
For the overall trend, the pressure in the 3323-3257 area is extremely strong and critical. As long as the short-term upward momentum cannot effectively break through the 3323-3257 area, the subsequent coin price will also experience a second retracement sentiment after the pressure is touched. The key support of the low point is still around 3100 (near the weekly MA30-day moving average); on the contrary, if Ethereum can effectively break through the first strong pressure of the high point 3323-3257 area and stabilize in the short term, the weekly market will pick up, and the market will enter a bullish rising rhythm #BTC #ETH $ETH
