Li Shengting: 4.29 Ethereum Afternoon Market Analysis and Trading Ideas
Last night, the price of Ethereum dropped to around 1740, after which the bearish momentum stalled. Currently, the support level at the bottom is very strong. From the daily technical indicators, the KDJ and MACD indicators are turning upwards and resonating higher, while the BOLL indicator continues to open towards the upper band. The desire for the MA5 daily moving average to rise is quite strong, while the downward momentum of the MA10 and MA30 moving averages has significantly weakened.
From the 4-hour technical indicators, both the BOLL indicator and the MA three lines are in a strengthening state. Meanwhile, the MACD indicator shows that the bulls are gradually increasing their volume, and the DIF and DEA are crossing upwards. I personally believe that today's overall trend for Ethereum will lean towards a fluctuating upward movement.
Ethereum: Long positions around 1820-1780 Stop loss: 1750 Target: 1880-1920
Bitcoin: Long positions around 94800-94300 Stop loss: 93600 Target: 95600-96300
The above is my personal afternoon market analysis, for your reference only. #加密市场反弹 #Strategy增持比特币 $ETH