8/16 Mainstream Coin ETH Analysis
The 4-hour K-line for Bitcoin shows signs of an upward trend, with a price rebound. The bearish engulfing pattern is present, and the last K-line is a bullish candle, with the closing price being greater than the opening price.
Current changes in price and trading volume: Recent trading volume has decreased, with trading volume lower than in previous hours. Both price and trading volume are declining: the market is quiet, and trading is inactive.
MACD shows no obvious trend. MACD histogram: the histogram remains negative and is gradually shortening: the strength of bulls is increasing. KDJ indicator: there is no KDJ golden cross or death cross. Based on KDJ, the neutral KDJ value is: 51, so a price decline is expected.
Suggestion: Direct sell around 4480, target 4330 $ETH