8.29 Ethereum Evening Market Analysis and Operation Ideas
From the perspective of daily technical indicators, the KDJ technical indicator of Ethereum is still in a volatile downward phase, while the MACD technical indicator is in a state of long shrinkage. The DIF and DEA technical indicators are dead crosses at the bottom and continue to weaken. The MA three-day moving averages continue to press down. At the same time, the MA5-day moving average and the MA30-day moving average in the daily line are still biased towards volatile downward movement. At the same time, the MA5-day moving average has been repaired from a technical point of view in this round of rebound repair in the evening, so the short-term idea remains unchanged, and it is recommended to focus on rebound shorting.
From the perspective of 4-hour technical indicators, the KDJ technical indicator and the MACD technical indicator are both in a state of small shrinkage. At the same time, the ultra-short-term indicators are still biased towards volatile downward movement. The MA three-day moving averages are all arranged to fall to varying degrees. Therefore, according to the trend of technical indicators, the idea is undoubtedly to focus on rebound shorting.
Ethereum: Shorting near 2570-2595, stop loss: 2637, target: 2500-2460
Bitcoin: Shorting near 60300-60800, stop loss: 61500, target: 59500-58600#BTC #ETH $ETH
