ETH intraday market analysis on October 15
The short-term coin price in the early morning was mainly adjusted by box-shaped shocks. The main reason was that the trading volume was too strong yesterday, and the coin price also had a serious breakout and stretching sentiment, so the ultra-short-term coin price will also give the indicator a certain amount of time and space to adjust. So the analysis of today's intraday short-term is consistent with the analysis in the early morning
From the daily level, the current MACD golden cross, BOLL short-term overall continues to oscillate downward, so the upper track is regarded as a key strong pressure area in the short term; the main chart MA three-day moving averages are rising in resonance today, which also shows that the short-term bullish sentiment has not ended, but today the opening price of Ethereum and the MA moving average have a relatively large technical gap, so the intraday short-term will continue to make technical retracement adjustments (special reminder that the intensity is estimated not to be too strong).
From the 12-hour level, the problems of the 12-hour line are not much different from those of the daily line. The current KDJ and MACD golden cross continue to increase in volume. BOLL can be seen to have an opening sentiment, but yesterday's increase was indeed too strong, which also caused BOLL to break. At the same time, there is a small gap between the main chart coin price and MA5, so for the ultra-short-term, we still continue to look at the shock retracement adjustment. The support line of the low point is based on the price of the daily line and the 12-hour MA5 daily average line (also based on the price that Ethereum may retrace to near the 2574-2534 area). If the retracement does not break the low point support price area, then the subsequent coin price will continue to increase in volume.
Summary: For today's intraday short-term trend ideas, we still continue to look at technical repair adjustments for the ultra-short-term (even if the callback strength will not be too strong), and the ultra-short-term support of the low point is still in the vicinity of 2574-2534. Note that if the low point support is not broken, the subsequent coin price will continue to increase in volume, and the first strong pressure of the high point is still in the vicinity of 2692-2756.
For the short-term, we will see here first, and wait for the connection and update of the intraday market analysis ideas tomorrow (in fact, for short-term trading, it is better to think step by step, first take the direction and profit that can be seen into pocket, and it will be safer to update the market in the same frequency with the changes in technology).
The above is a personal intraday market analysis, for your reference only.
