Coin Circle Morning Light
2024-1-18
Good evening, fellow coin friends. Today, the market started to fluctuate downward, and the current upward trend is relatively weak. Can we continue to be bullish in the future? Let us go into the market and give an analysis of the operation trend.
First of all, from the perspective of the four-hour line indicators, the current Ethereum KDJ three-line indicator shows a downward death cross trend. At the same time, the three-line indicator value has tended to a low level, and the J line has begun to show a flat trend. It can be said that the downward trend has begun to complete and there is a reverse upward trend, but the BOLL track line has begun to close seriously, indicating that the market sentiment at this time is not high. At the same time, the Ethereum price has been fluctuating for a while. It can be seen from the main chart indicator that it has reached the TD9 turning indicator, indicating that there will not be a particularly large fluctuation in the short term, and it will still show a volatile trend.
Looking at the 1-hour line again, the KDJ three-line indicator is also in a dead cross trend, and the three-line indicator value is also tending to a low level, but the J line currently has an obvious upward turning trend. At the same time, the hourly BOLL track line shows an obvious opening trend, but the current currency price is above the lower track line. The MA5-day line in the main chart indicator still suppresses the current upward trend, indicating that it will still fluctuate and adjust for a period of time before an upward trend will appear. At present, it will still fluctuate and adjust before it starts to rise. Specifically, pay attention to whether the 2500 line will be pierced.
Operation range suggestion: Ethereum 2510 light long, callback to 2490 to add more, the upper target is 2560-2600 Bitcoin 42500 light long, callback to 42100 to add more, the upper target is 43000-44000
