李聖庭win
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Bearish
Li Shengtang: 5.15 Ethereum Early Morning Market Analysis and Trading Ideas
Currently, the short-term trend of Ethereum is still leaning towards consolidation. From the current evening's drop, it has not yet reached a significant level. Meanwhile, at 8 PM, a bearish candle was formed. The MA30-day moving average in the daily technical indicators is still under pressure. After touching the resistance in the daily technical indicators, Ethereum has experienced a drop with reduced volume. Looking at the updated daily chart, this week will see a technical downward adjustment. Furthermore, the gap in the MA5-day moving average has not yet completely filled, and currently, Ethereum has formed a green TD9, while Bitcoin is in a lagging green TD13 state. Therefore, from a technical perspective, the cryptocurrency prices are continuing to retract and adjust.
From the 4-hour technical indicators, the KDJ indicator is once again in a high-level consolidation, operating above the 80 value. The MACD indicator is showing signs of weakening in the short term. Although the BOLL indicator is moving towards the upper band area, the rate of increase has weakened. Currently, the short-term Ethereum price has fallen below the MA5-day moving average, showing a red TD1 downward signal. Therefore, the suggested trading strategy for early this morning is to focus on shorting during rebounds.
Ethereum: Short in the area around 2595-2630. Stop loss at 2693. Target: 2530-2480.
Bitcoin: Short in the area around 103500-104200. Stop loss at 105800. Target: 102000-100000.
The above is a personal analysis of the early morning market, for reference only.
Currently, the short-term trend of Ethereum is still leaning towards consolidation. From the current evening's drop, it has not yet reached a significant level. Meanwhile, at 8 PM, a bearish candle was formed. The MA30-day moving average in the daily technical indicators is still under pressure. After touching the resistance in the daily technical indicators, Ethereum has experienced a drop with reduced volume. Looking at the updated daily chart, this week will see a technical downward adjustment. Furthermore, the gap in the MA5-day moving average has not yet completely filled, and currently, Ethereum has formed a green TD9, while Bitcoin is in a lagging green TD13 state. Therefore, from a technical perspective, the cryptocurrency prices are continuing to retract and adjust.
From the 4-hour technical indicators, the KDJ indicator is once again in a high-level consolidation, operating above the 80 value. The MACD indicator is showing signs of weakening in the short term. Although the BOLL indicator is moving towards the upper band area, the rate of increase has weakened. Currently, the short-term Ethereum price has fallen below the MA5-day moving average, showing a red TD1 downward signal. Therefore, the suggested trading strategy for early this morning is to focus on shorting during rebounds.
Ethereum: Short in the area around 2595-2630. Stop loss at 2693. Target: 2530-2480.
Bitcoin: Short in the area around 103500-104200. Stop loss at 105800. Target: 102000-100000.
The above is a personal analysis of the early morning market, for reference only.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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