Mainstream currency market analysis
Ether tested the high of 1640 many times in the evening but failed to stand firm. In the morning, the market continued to push back the support, and the downward momentum continued to increase. The upper Bollinger Band at the 15-minute level suppressed the price from falling back. It is optimistic that the market will test the lower support near 1615 during the day. If it does not continue If the position is broken, it will hit the high point upwards and strongly break the lower support of 1615. The short market will go back to test the 1600 support, and then the lower defense will become 1590 and 1580. On the hourly chart, the MACD and KDJ indicators are all dead crosses diverging downwards, and the short-term downward momentum is sufficient. The moving average is running above the K line. In terms of operation, it is recommended to go short on rebounds. Go short above 1630, target 1615, break around 1600.
The hourly line of the pie has reached near the lower track of the Bollinger Bands, the indicators are diverging downwards, and the daily K-line has entered a dead cross. It is recommended to go short near 27900, with a target of 27500-27000.
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