8.24 Ethereum midday market analysis and operation ideas
Ethereum's price has risen since early this morning. At noon today, the price is currently in the vicinity of 2770. From the weekly technical indicators, the MA5 daily average still has a strong suppression sentiment. At the same time, the MA30 daily average in the daily technical indicators is in a downward pressure posture. From a short-term perspective, it is very important that the upper pressure level of 2779-2820 can be effectively stabilized and broken through.
From the perspective of daily technical indicators, the KDJ technical indicator and the MACD technical indicator are both in the resonance rising stage, but the BOLL technical indicator is still in the oscillating downward stage. The MA5 daily average and the MA10 daily average cross the daily average, but the high point MA30 daily average still maintains a downward trend, which shows that the high point strong pressure still exists. At the same time, whether the ultra-short-term price can break through the 2779-2820 line is very critical. Only after the upper pressure level breaks through, the weekly line will change its trend. The subsequent trading ideas are definitely brainless to go long.
From the perspective of 4-hour technical indicators, the KDJ technical indicator and the MACD technical indicator are in the golden cross and large volume stage, but the BOLL technical indicator is still the same as the daily trend. The ultra-short-term MA three-day moving averages are arranged in different degrees of increase. However, it should be noted that the technical gap caused by the increase in the currency price today is large, so the currency price today will probably fall back, and the strength of the fall back is probably around the 4-hour MA5-day moving average.
Ethereum: short in the area around 2775-2790, stop loss: 2826, target: 2700-2660
Bitcoin: short in the area around 64300-64800, stop loss: 65500, target: 63500-62600$ETH #BTC #ETH
