Li Shengting: 8.7 Ethereum Midday Market Analysis and Trading Ideas
Reviewing, the long position strategy for Ethereum provided last night also successfully reached the target point, and I believe friends who followed the article have had good gains. From the daily technical indicators, the KDJ indicator is still in a fluctuating upward state, the MACD indicator continues to show bullish momentum, and the BOLL indicator is running in the upper area of the band. Currently, the coin price is stabilizing in the middle band area, and the five-day and ten-day moving averages of Ethereum are resonating upward. The coin price has successfully stabilized above the ten-day moving average, so the trading strategy for the day still suggests mainly going long on retracements.
From the four-hour technical indicators, the KDJ indicator shows a golden cross and continues to strengthen, the MACD indicators DIF and DEA are both moving upward, and the short-term BOLL indicator is running in the middle band area, slowly increasing bullish momentum. Moreover, this morning at 8 AM, the K also successfully stabilized above the 30-day moving average. Therefore, according to the TD indicators, today’s trading strategy is undoubtedly to go long on retracements.
The above is my personal midday market analysis, for reference only. Specific points are subject to real-time guidance $ETH