Mainstream currency market analysis
The pie fell nearly 700 points at night, rebounded to the middle track of the Bollinger Bands on the hourly line and continued to fall back. The overall pressure above was strong. The daily line formed a slowly falling K-line combination, the KDJ indicator formed a dead cross and diverged downwards, and the MACD ran at the zero axis. Nearby, bull volume can weaken. For the day's market, first look at yesterday's low of 27200 as support, and the second support at 26500. The market recommends going short around 27550, with a target of 27000-26500.
Ether rebounded to the resistance level near 1685 in the morning, which was the high point of yesterday evening's rebound. I personally predict that it will be difficult to break through 1600. After falling below 1600, many retail investors will buy the bottom at 1690 and 1680 to form a lock-up. The main thinking will definitely not be easy. Give profit opportunities. Technically, the hourly line has not yet stabilized the MA10 moving average, KDJ is near 100, the fast line crosses the slow line, the Bollinger Bands opening is completely downward, and the short trend is obvious. It is recommended that Ether be shorted above 1580, with a target of 1550 and a break of 1530.
The pie fell nearly 700 points at night, rebounded to the middle track of the Bollinger Bands on the hourly line and continued to fall back. The overall pressure above was strong. The daily line formed a slowly falling K-line combination, the KDJ indicator formed a dead cross and diverged downwards, and the MACD ran at the zero axis. Nearby, bull volume can weaken. For the day's market, first look at yesterday's low of 27200 as support, and the second support at 26500. The market recommends going short around 27550, with a target of 27000-26500.
Ether rebounded to the resistance level near 1685 in the morning, which was the high point of yesterday evening's rebound. I personally predict that it will be difficult to break through 1600. After falling below 1600, many retail investors will buy the bottom at 1690 and 1680 to form a lock-up. The main thinking will definitely not be easy. Give profit opportunities. Technically, the hourly line has not yet stabilized the MA10 moving average, KDJ is near 100, the fast line crosses the slow line, the Bollinger Bands opening is completely downward, and the short trend is obvious. It is recommended that Ether be shorted above 1580, with a target of 1550 and a break of 1530.