Li Shengting: 12.16 Ethereum evening market analysis and operation ideas
Ethereum and Bitcoin continued to rise this morning, with the highest points reaching around 4000/104000 respectively, but began to fall back in the evening. From the current point of view, the general direction is still bullish. Judging from the daily technical indicators, KDJ technology The indicators and MACD technical indicators show a strong golden cross, and the BOLL technical indicator continues to open to the upper track. At the same time, the MA5 daily moving average and the MA10 daily moving average continue to strengthen. Therefore, from the current point of view, the general direction this week is still to focus on retracements and longs.
Judging from the 4-hour technical indicators, the KDJ technical indicator shows a golden cross and continues to rise, the BOLL technical indicator continues to fluctuate and rise as a whole, the MA three-day moving averages rise in varying degrees, and the MA 30-day moving average rises at the same time. From the current short-term point of view, the operation idea is to focus on retracement and long positions. You can pay attention to the strong pressure position above Ethereum, around 4150-4367. At the same time, there is a high probability that it will continue to hit the mark above 4000 this week, so the trading idea this week is to pull back. Mainly withdraw from long positions
Ethereum: Divide positions into long positions around 3930-3895. Stop loss: 3840. Target: 3980-4060.
The above is my personal evening market analysis and operation ideas, for your reference only. #ETH再度冲击4K #比特币战略储备 $ETH #BTC #ETH
