Li Shengting's Ethereum Evening Market Analysis and Trading Ideas on August 15
Ethereum experienced a technical pullback last night and early this morning, with the low point coinciding with our target area. From the daily technical indicators, the KDJ and MACD indicators continue to resonate upwards, while the BOLL indicator is continuously opening upwards. However, the MACD and KDJ indicators have shown some contraction, and the three-day moving averages are arranged in a bullish pattern. Judging by the strength of the decline yesterday, there is strong buying interest near the 4400 level, simply put, after the market maker has taken profits, a new market maker has entered.
From the 4-hour technical indicators, the KDJ and MACD indicators continue to oscillate upwards, while short-term indicators are also moving upwards. The BOLL indicator continues to open significantly upwards. Moreover, the daily K closed stronger and with increased volume at 8 AM this morning. The short-term three-day moving averages are arranged upwards to varying degrees. Currently, as K returns above the five-day moving average, there is a probability of this bullish candle breaking above the five-day moving average, so the evening strategy suggests focusing on buying on the pullback.
Ethereum: Buy in portions near 4640-4600 Stop Loss: 4527 Target: 4750-4800
Bitcoin: Buy in portions near 118000-117200 Stop Loss: 116000 Target: 120000-121000
The above is my personal evening market analysis, specific points and direction changes are subject to real-time guidance.