Li Shengting: 5.15 Ethereum Afternoon Market Analysis and Trading Ideas
The analysis given last night indicated short positions for Ethereum/Bitcoin around 2630/103500 respectively. Currently, the price has retraced slightly, yielding a small profit space, successfully profiting 1500/70 points. Congratulations to those who followed the trade.
From the daily technical indicators of Ethereum, the KDJ indicator shows a gradual decrease in bullish momentum, while the MACD indicator continues to oscillate downwards at a high level. Currently, Ethereum has fallen below the MA5 daily moving average, showing a red TD3 bearish signal. What needs to be monitored now is whether the five-day moving average at the bottom can hold. If it breaks down, the price will continue to decline. Meanwhile, the BOLL indicator is undergoing technical oscillation near the middle track. Although the MA10 daily moving average maintains a strong trend, it has weakened somewhat compared to yesterday. Overall, today’s trading strategy has not changed significantly; it is still recommended to focus on shorting on rebounds.
From the 4-hour technical indicators, the KDJ indicator shows a death cross downward pressure, and the MACD indicator is gradually decreasing in bullish momentum. The short-term BOLL indicator is operating near the lower track, with the DIF and DEA indicators collaborating downward. The high point MA30 daily moving average shows a significant reduction in upward momentum. Therefore, for today and in the short term, I personally believe that the price will continue its downward trend.
The above is my personal afternoon market analysis, for reference only #币安HODLer空投NXPC #美国加密立法 $ETH