Li Shenting: 5.16 Ethereum/Bitcoin Afternoon Market Analysis and Trading Strategy
Ethereum's price fell again in the early morning, but did not break below the support level, which is around the 2430-2378 area. Meanwhile, after the daily level update this morning, the bulls welcomed another small step-up. From the daily technical indicators, the KDJ indicator shows an upward trend, while the MACD indicator for the bulls is slowly reducing volume, but the volume has not decreased. At the same time, the MA10 and MA30 moving averages are still in a strengthening state, indicating that the support at the bottom is very strong. Additionally, the short-term bears have also met a stop in their decline, so the price is likely to continue to fluctuate upward during the day.
From the 4-hour technical indicators, both KDJ and MACD indicators have shown upward signals. The current price is also operating above the middle Bollinger Band. The short-term MA5 and MA10 moving averages show a significant increase. In the short term, the bullish trend is relatively strong, so the afternoon trading strategy suggests focusing on buying on dips.
Ethereum: Buy in portions around 2480-2600 Stop Loss: 2433 Target: 2660-2700
Bitcoin: Buy in portions around 104000-103200 Stop Loss: 102000 Target: 105000-106000
The above is my personal afternoon market analysis for reference only #稳定币日常支付 #币安Alpha上新 $ETH