Li Shengting: 12.21 Ethereum midday market analysis and operation ideas
Early this morning, Ethereum and Bitcoin underwent a round of reversal adjustments. Currently, the price of Ethereum is also oscillating near the pressure level of the MA5 daily moving average above. Now the main focus is on whether Ethereum can stabilize above the MA5 daily moving average as expected, stabilize and break through, then in the later period It is not a problem to continue to reach around 4k, otherwise it will continue to fluctuate and fall.
Judging from the daily technical indicators, the current KDJ technical indicators and MACD technical indicators are still in the stage of shock and weakening, and the BOLL technical indicator has fluctuated downwards as a whole. At the same time, the rebound sentiment in the early morning of this morning is also to repair the BOLL technical indicator's broken position. From now on It seems that the BOLL technical indicator has been repaired, but the current currency price is still subject to the MA5 daily moving average and the MA10 daily moving average. The current daily technical indicators and the MA5 daily moving average have also been repaired, so the follow-up mainly depends on whether the currency price can stabilize MA5 Above the daily moving average, if it stabilizes, it will continue to impact 4k, otherwise it will continue to fluctuate downward. The market during the weekend is different from that during the working day. The market on the weekend is more inductive. Because the volume is small, short-term market fluctuations will generally be reflected in shrinking volumes. The needle is closing, so today is not very suitable for trading during the insurance period. It is better for everyone to hold back as much as possible. Regarding the trend in the evening, there is a high probability that there will still be a round of retracement and downward adjustments.
The above is my personal midday market analysis, for your reference only.
