Analysis of the latest trend of Ethereum on August 12, the currency circle academician interprets it for you to help you worry-free
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Ethereum gave an ultra-short idea yesterday of more than 2650, with a target of 2720 at the highest, and then short at 2560, with a target of 2500 at the lowest. There is only 120 points of space between the upper and lower limits. Let's look at today's market. The current daily K-line has been off track from the EMA trend indicator for a long time. The last time it was off track from the trend indicator was only seven days. This time it was obviously exceeded. Therefore, it is expected that the daily K-line will step back to the EMA15 fast line indicator pressure level of 2700 in the short term. The upward diffusion of KDJ continues, and MACD is strong in the form of shrinking and increasing funds. The downward K-line of the Bollinger Band is in the middle of the downward channel. The upper track focuses on 2905, and the lower track focuses on 2210. The ultra-short W pattern of the four-hour K-line ends, and the new cycle is honest. The support of the position of 2525 at the position of the KDJ downward blocking dividing line 0.236 is blocked. The Bollinger Band begins to shrink, and the trend reversal may lead to closing. The lower track supports 2525 double support. Departure from the big cake, MACD shrinking and increasing, DIF and DEA forming polarization, the idea can focus on the 2500 mark resistance point, with defense and entry targets to take precautions
Short-term ideas reference:
The upper 2870 to 2850 interval is empty, the target is 2800 to 2700, and the break is 2650, and the stop loss is 40 points
The lower 2450 to 2470 interval is long, the target is 2550 to 2650, and the break is 2750, and the stop loss is 40 points
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