8.27 Ethereum early morning market analysis and operation ideas
Today, Ethereum shorts also broke through and increased in volume in the evening, and the lowest point of the currency price reached 2556. The strength of this round of decline directly reversed Ethereum from the green TD1 rising signal to the red TD6 falling signal. This round of decline also determined a short-selling idea for the general direction of this week. From the perspective of daily technical indicators, Ethereum currently stands firmly on the red TD1 falling indicator, the KDJ technical indicator and the MACD technical indicator are both in a state of long shrinkage, and the BOLL technical indicator directly breaks through to the lower track area. At the same time, the MA three-day moving averages are all under pressure. The main reason is that the 2660 area was effectively broken, as mentioned earlier.
From the 4-hour technical indicators, the KDJ technical indicator is oversold below the 20 value due to the intraday decline. The BOLL technical indicator and the MACD technical indicator are in a short-term continuous increase in volume. The ultra-short MA5-day moving average and MA10-day moving average continue to press down, and the MA30-day moving average also continues to rise. From the perspective of the comprehensive daily and ultra-short lines, the current trend is dominated by short positions, but the ultra-short lines of Ethereum and Bitcoin currently have red TD9. This round of TD9 indicators may lag behind the falling sentiment, so the short-term rebound adjustment will be seen first. If the strength of this round of rebound cannot stabilize the 2654 line, then the currency price will continue to fall to the 2500 line.
Ethereum: 2580-2625 first-line split short position stop loss: 2654 target: 2550-2500
Bitcoin: 61600-62000 first-line split short position stop loss: 62500 target: 61000-60600#BTC #ETH $ETH
