August 23 Midday Analysis ETH
Technical Positive Signal Summary
- Indicator Synchronization: KDJ and MACD indicators are oscillating upwards, indicating short-term momentum is leaning towards bullish.
- Channels and Moving Averages: BOLL channel is opening upwards, the middle line is rising, MA three-day moving average is in a bullish arrangement, and the price is stabilizing above the five-day line, overall trend supports the continuation of bullish.
Operational Strategy
Based on the above signals, the strategy leans towards "trending long" and provides specific references:
- Pullback Support Level: Consider entering long positions near above 4710.
- Target Level: First look for a breakthrough at 4900, and then further up to 5200.