Bulls have not finished the adjustment and continue to enter the market

Mainstream currency market analysis

The market is still stable around 27,000 points, and the market is less willing to fall. The hourly moving average has turned upward, and the center of gravity has continued to move upward. The second wave of this rise has begun to appear. The current pressure on the market is around 28,200, which is the high point of the Great Falls rebound. Technically, KDJ and MACD have fallen back and adjusted, and the Bollinger Band upper band has suppressed the K-line moving sideways. The time period of the hourly line adjustment has reached two trading days. Even if it retreats again, it will be the last drop. It is best for us to go long. Entry point. The big pie recommends going long near 26900, with a target of 27500-28000.

Ether failed to reach the key point of 1700 in the evening and entered an adjustment cycle. It retraced as low as 1666 points in the morning. The hourly line briefly formed a top divergence. The technical indicators are gradually falling back. However, there is less room for the currency price to fall. The bull trend pattern has not changed. Now The only problem is that the moving average is currently far away, and it takes time to digest it, so the sideways trading time is extended. The next pressure points for Ether are around 1700 and 1750 respectively. Therefore, the idea of the day is to go long on dips, with more around 1660-1670. Target 1700-1720.

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Source: Golden Finance