Li Shengting 8.18 Ethereum Evening Market Analysis and Trading Ideas
This week's weekly technical indicators update, KDJ technical indicator is in the high overbought stage, the MACD technical indicator is still moving upwards, but the bullish energy bar shows signs of slight volume reduction. The BOLL technical indicator is still moving upwards, but the opening of the upper track is not very large, and currently, the upward range of the five-day moving average and thirty-day moving average is showing a significant weakening. Weekly support can be watched around the 4100-3975 line.
From the daily technical indicators of Ethereum, the KDJ technical indicator shows a high dead cross and is oscillating downwards, the MACD technical indicators DIF and DEA cross downwards, the BOLL technical indicator also shows a downward turn in the overall track, while the MA 5-day moving average and MA 10-day moving average are both turning downwards and suppressing, additionally, the downward extent of the MA 5-day moving average is the strongest. From the daily view, there is still downward space, and today at 8 AM, a K line showed a large bearish line, indicating that the bearish sentiment this week is very strong. Therefore, the evening trading idea is suggested to primarily short on rebounds.
Ethereum: Short in batches around 4300-4340 Stop Loss: 4413 Target: 4200-4160
Bitcoin: Short in batches around 115000-115800 Stop Loss: 116500 Target: 113500
The above is my personal evening market analysis, specific points and direction changes are subject to real-time guidance $BTC
$ETH
