Lao Cui talks about currency: the exchange rate continues to appreciate, is the dawn of the currency circle coming?
I haven't written about the market for two consecutive days, which has led to a new round of private message bombing. Today, let's analyze the recent trend. The trend of Ethereum is relatively stable. The callback depth reached the recent bottom of 2552 on the 25th, and the bottom of 2557 was tested again the next day. Both bottoming rebounds were relatively obvious, and the current price is 2645. Let's get straight to the point. Today's four-hour line shows signs of repairing the bulls. The 7-day moving average and the 30-day moving average formed a cross on the 26th, and the 30-day average price once again exceeded the 7-day average price, and the bulls showed a slight decline. At 4 o'clock in the morning today, it crossed again, and it can be seen that the competition between bulls and bears is still relatively obvious. At this stage of the moving average, both bulls are very anxious, and the willingness of buyers and sellers has formed a strong impact. It can be said that the long and short ends are evenly matched. A typical trend has appeared at the Bollinger Band level. The three lines have formed a parallel trend, with neither a closing pattern nor an opening pattern. This is completely consistent with the coordination of the moving average. Both the long and short positions belong to the continuing energy stage. The data of the two in the future market may not fluctuate too violently, that is, the sideways pattern.
At present, the overall market trend shows that the price of the currency is running between the middle and upper tracks. The upper track shows a slight turning sign, and the advantage of the bulls is not obvious. The values of the RSI and KDJ lines are relatively normal, only the J line value is slightly dangerous, with a value of around 91. At present, there are signs of a slight correction, and it is always hovering between oversold. The various numerical responses at the technical level are that the performance of the long and short positions is not obvious, and the market remains to be observed. The technical level is explained here. On the contrary, under the influence of domestic strategies, the recent performance of Lao A is particularly eye-catching. Coincidentally, around the National Day, I am afraid that the trend of Lao A will continue for some time. After the interest rate cuts and reserve requirement ratio cuts, funds are once again released to flow into the stock market and real estate industry. This signal is good news for everyone, but considering the cryptocurrency circle, it will more or less affect the user funding issues of the domestic cryptocurrency circle. The amount of funds flowing into Old A in recent times can be said to be huge, which has formed a sharp contrast with the cryptocurrency circle.