8.19 Ethereum midday market analysis and operation ideas
After the price of the currency rose to around 2670 in the early morning of this morning, it began to fall at 4 o'clock in the morning of this morning. From a technical point of view, this is a small round of door-drawing market, and of course it has successfully reached the entry point we gave. From the weekly line updated at 8 o'clock this morning, the KDJ technical indicator and the MACD technical indicator are still in a state of shock and decline. The BOLL technical indicator track continues to weaken and the current currency price is running below the middle track area. The MA5-day moving average and the MA10-day moving average continue to press down. At the same time, the MA5-day moving average is more obviously pressed down than last week.
From the 4-hour technical indicators, the KDJ technical indicators and MACD technical indicators are both in a state of long-term shrinkage, and the ultra-short-term BOLL technical indicators have also fallen to the area below the middle track. The MA three-day moving average continues to weaken, while the MA5-day moving average and the MA10-day moving average continue to resonate and fall with the MA30-day moving average. Based on the above technical indicators, it is very likely that today's K-line will continue to shrink and close in red, and the red TD4 will continue to increase the volume of the short position. The operation idea is still to follow the idea given in the early morning of today to connect the high position, and the big rhythm is still based on the high position. The above is my personal analysis and summary of the intraday market, for reference only, thank you for your support. $ETH
