Analysis of Ethereum intraday market on October 14
From the weekly level, the current MACD short position continues to shrink, and BOLL is still oscillating sideways and downward. Vol shows that the trading volume this week is very strong. The current situation is that the bulls are slowly stretching (the actual sub-chart trading volume shows that the current bullish volume only accounts for about 10% of the trading volume); the MA5-day moving average in the main chart continues to turn strong this week, and the MA30-day moving average high point continues to suppress downward (this shows that there is a strong trend pressure above the market, and the strong pressure line is near the MA30-day moving average). In the short term, 2500 is basically a dive upward. In addition, everyone needs to pay attention to the bullish sentiment of Bitcoin is greater than that of Ethereum, which also strengthens the sentiment of Ethereum's linkage strength.
From the daily perspective, today's MACD indicator shows a golden cross signal at a low level. Ethereum has made a breakthrough rise on the middle track in BOLL, and Vol also releases strong trading volume; the main chart MA5 and MA10 daily moving averages cross and rise, and MA30 also generates linkage with the bulls (in fact, Ethereum has broken through the oscillation box. Friends with certain experience also know that as long as the pressure line stands firm, the subsequent currency price cannot return to the oscillation box structure, then the unilateral market will open up accordingly).
At the 12-hour level, the current MACD and BOLL bulls resonate, and the trading volume and the increase in the main chart form an equal increase relationship. In addition, the main chart MA5 and MA10 show a resonant rise in sentiment, and the current price also rises above the MA three-day moving average (here is a knowledge point for popularization. When the short-level moving average indicator touches the trend moving average indicator that is longer than it, this is a short-term change and breakthrough signal; on the contrary, if the short-level moving average falls below the moving average indicator, it also means that the short-term rise has stopped, and the subsequent market will change).
Summary: After this wave of stretching sentiment this morning, the current price of Ethereum is firmly above 2500, so the current short-term trend direction has also changed due to this round of breakout and rising sentiment. At present, the main direction this week is low-long bullish, and the subsequent target of stabilizing at 2500 is 2692-2756 area (almost around 2700).
The above is a personal intraday market analysis for your reference only.
