3.23 Ethereum early morning market analysis and operation ideas
Ethereum also successfully broke down to around 3280 this evening, and also fell below the lower support (3440-3363). The currency price may test the lower support again in the early morning, mainly due to the adjustment of technical indicators after the break, from the daily technical indicators Judging from the above, the three lines of the KDJ technical indicator turned downward, the DIF technical indicator among the MACD technical indicators once again showed a downward trend, and the BOLL technical indicator also showed signs of opening downward. Currently, the MA5 daily moving average and the MA10 daily moving average are moving downward together. The price of Ethereum has stabilized in the red TD8 falling pattern, which is synchronized with Bitcoin. From the perspective of daily technical indicators, there are signs of a second heavy volume decline in the currency price. However, the prerequisite for the decline is that the currency price can stabilize in the red TD9 falling pattern. form.
Judging from the 4-hour technical indicators, the current KDJ technical indicators and MACD technical indicators are both in the short resonance stage. The short-term MA three-day moving average is still showing signs of going short and is arranged in a short position. At the same time, the intensity of the decline in the evening also caused Ethereum to overshoot. In terms of falling sentiment, after the rebound is adjusted, the currency price will continue to drop. If the 3460-3379 area cannot be effectively broken, it will be determined that the decline in the evening has effectively broken the key support. In the future, Ether will continue to go short and increase the volume, and then the target You can look down to around the 3145-2967 area. Otherwise, if you cannot fall below it, you will rebound and rise.
Ethereum can be shorted in batches near 3350-3380, and the target can be seen; a line near 3280-3200
Bitcoin can be shorted in batches near 63800-64200. The target can be seen as: a line near 62700-61800