8.22 Ethereum early morning market analysis and operation ideas

After the Ethereum price fell to 2534 this evening, the price then pulled back. The current price is running at 2600. From the perspective of daily technical indicators, although the KDJ technical indicator maintains a volatile downward rhythm, the MACD technical indicator has a conflict and oscillates upward. This has led to technical conflicts to a certain extent, and also affected the trend of ultra-short-term. The MA5-day moving average and the MA10-day moving average are still glued together and slightly depressed. The high point MA30-day moving average continues to weaken, and the BOLL technical indicator is also in a volatile downward posture. From the perspective of comprehensive technical indicators, it is recommended to still focus on rebound shorting, which is relatively stable.

From the 4-hour technical indicators, the KDJ technical indicators and MACD technical indicators are both in a state of shrinking volume, the BOLL technical indicator is in a state of oscillating downward, and the MA three-day moving average continues to stick together and the three lines continue to weaken and press down. According to the current weekly weakening situation, the currency price this week is likely to break the 2500 line. The trading ideas in the early morning and morning of today remain unchanged. It is recommended to focus on rebound shorting. At the same time, in this kind of wash market, you must be more patient, less active and more observing.

Ethereum: Shorting in the area around 2610-2625. Stop loss: 2667. Target: around 2550-2500

Bitcoin: Shorting in the area around 59800-60300. Stop loss: 60800. Target: 59000-58200#BTC #ETH $ETH $BTC