Coin Circle Liying: Black clouds over the city on August 29! Can Ethereum find light in the panic? Latest market reference
Ethereum's bullish momentum increased in the short term, and downward movement was blocked. The K-line pattern has recently fluctuated greatly, indicating that the market sentiment is unstable. The K-line in recent days has shown obvious alternation of yin and yang, especially after the sharp drop on the 27th. It rebounded on the 28th, but failed to break through the previous high. The MACD technical indicators, DIF and DEA are all below the zero axis, and the MACD histogram is positive but gradually shrinking, indicating that the short-selling force has weakened, but a clear bullish trend has not yet formed.
Looking at RSI14, it is currently at 37.57, close to the oversold range, but has not yet entered. There may be a technical rebound in the short term. The trend indicator EMA is still short-selling. The trading volume began to increase on the 27th. The market selling pressure is serious. Before the press release, the trading volume fell back and the price began to rebound. The energy is limited and the rebound space is naturally limited.
4-hour K-line The current market technical indicator MACD is still at The negative short trend is strong. SI is close to the oversold zone in the 4-hour cycle but has not yet entered the extreme oversold state. There may be a short rebound. The 4-hour trend indicator is still downward in the short term. The trading volume is large when it falls. There is panic selling in the market. Combining various indicators, Liying concluded that shorts are the main, so shorts continue when the price falls back, and low longs are supplementary.
Today's latest point reference
Long point 2400, cover point 2350, stop loss point 2320
Short point 2600, cover point 2650, stop loss point 2680
The above analysis is based on the conclusions drawn by Liying based on market data and market trend analysis. It is for reference only and does not constitute investment advice. For family members' reference
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