Li Shengting's Ethereum Market Analysis and Trading Strategy on July 21 at Noon

CN
李聖庭
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14 hours ago

In the early hours of today, Ethereum broke through the 3820 level, then dropped to around 3680 this morning. From the daily technical indicators, the KDJ indicator is still oscillating at a high value of 80, while the MACD indicator shows signs of a bullish volume contraction. Although the BOLL indicator is running in the upper band area, it has not continued to open upwards. Currently, the five-day moving average still has a technical gap due to the violent rise, and the desire for the high point MA30 moving average to rise has significantly weakened compared to the previous days. The VOL indicator shows that trading volume continues to increase, but there is serious selling pressure above 3800. Based on experience and technical indicators, I personally do not recommend chasing long positions at high levels.

From the 4-hour technical indicators, the KDJ and MACD indicators show a slow contraction of bullish momentum. Although the BOLL indicator is operating in the middle band area, the coin price is currently close to the upper middle band, indicating that the short-term rise is somewhat limited. The RSI indicator is also at a high level, and both the MA5 and MA10 moving averages are in a state of oscillation and flattening. Considering both the daily and short-term perspectives, I believe there is a high probability that the coin price will undergo a technical pullback in the afternoon and evening.

Ethereum: Short in batches around the 3800-3835 area. Stop loss: 3913. Target: 3700-3660.

Bitcoin: Short in batches around the 119000-119500 area. Stop loss: 121000. Target: 117000.

The above is my personal market analysis for the afternoon, for reference only. Specific points should be based on real-time guidance.

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