Li Shengting: 5.19 Ethereum/Bitcoin Early Morning Market Analysis and Trading Ideas
Ethereum's bullish momentum has once again surged in the daily timeframe this evening. From the closing view early this morning, the KDJ and MACD technical indicators continue to rise significantly, while trading volume is consistently increasing. In the BOLL technical indicators, the price has been pushed up from the mid-band area to the upper band. The MA three-day moving averages are all arranged in a bullish formation and are rising. Additionally, the update of the four-hour chart at eight o'clock this evening allows Ethereum to firmly stand above the five-day moving average. Currently, it is highly likely that the price of Ethereum will continue to rise, and the desire for the thirty-day moving average to increase is quite strong. Overall, from the daily perspective, the technical indicators are likely to continue moving upwards.
From the four-hour technical indicators, the KDJ is in a high position of bullish expansion, and although the MACD shows signs of a decrease in bullish volume, the high point of the thirty-day moving average continues to exert upward pressure. The BOLL indicators are opening upwards in the short term, and the short-term thirty-day moving average continues to strengthen, indicating that the bottom support is very strong. I personally believe that Ethereum has completed its technical adjustment and repair, so the subsequent price must continue to rise, thus suggesting a primary focus on buying on dips for early morning trading ideas.
Ethereum: Buy near 2550-2520 with a stop loss at 2453 and target price at 2620-2680.
Bitcoin: Buy near 105000-104500 with a stop loss at 103000 and target price at 106000-107200.
The above is my personal analysis of the early morning market, for your reference only. #美国加密立法 $ETH
