Oversold but does not break the level and continues to sprint towards highs

Market analysis of mainstream currencies (BTC, ETH)

The pie’s oscillation pattern continues, with the range around 27200-27700. The hourly K-line is at the lower and middle tracks of the Bollinger Bands. In the morning, the ether pin is downward, but the pie is motionless and the currency price is still relatively strong. Due to the excessive increase in the previous period, the moving average is in a state of substantial divergence. The bottom line supports the 27200 line. As long as it does not break through 27000, the trend is still to continue to rebound. In terms of indicators, MACD is trading sideways below the zero axis, waiting for a reversal at any time. KDJ has fallen back to around 50. The previous high point of 28613 has only formed a high point. Later, the market stabilizes and there is a high probability that it will rise again. It is recommended to place long orders near 27200, with a target of 27700-27900.

Ether’s thinking is consistent with that of the big pie, except that Ether has fallen deeper and has greater volatility than other currencies. However, Ether has not yet broken out strongly. In the morning hours, the K line just fell back to the MA450 moving average. Both MACD and KDJ are accumulating at low levels. The key point is As long as the level of 1600 does not break, I am optimistic about hitting the high point near 1780 this week. At that time, I can place short orders in the middle line. For intraday operations, it is recommended to go long on Ether 1630-1635, with a target of 1660-1680-1700.

The entire network is open to the public, with clear ideas and precise points. Online and offline communication is welcome. A single thread cannot make a thread, and a single tree cannot make a forest. Instead of fighting alone, it is better to integrate into the team as soon as possible and use the strength of everyone to win.

Source: Golden Finance