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ETH market analysis on October 24 The short-term ether is basically still active in the box with repeated shocks and washes from the high 3920-4000 area to the low 3730-3640 area. The ultra-short-term market in these two days is really a market one day, even falling during the day and rising at night. Therefore, the market at this stage is no longer within the technical scope, so when playing short-term contracts during these two days, remember to reduce the trading frequency. From the daily level, KDJ is currently turning around, and MACD and BOLL continue to move south as a whole.； The three-day moving averages of the MA on the main chart are arranged downwards with different amplitudes, but today the currency price is trying to close above the five-day moving average (the indicator is obviously suppressing, but the trend of the currency price is very abnormal, so the control is already obvious). Now, for the key pressure level above, we seek stability by adjusting the reference to the daily MA30 and the BOLL mid-track (probably the price is in the 4070-4130 range). At the 12-hour level, KDJ and MACD are currently turning upward together, and BOLL is currently still oscillating sideways and moving downwards.； On the main chart, the daily moving averages of MA5 and MA10 turn upward, and MA30 continues to suppress southward. It is not difficult to see that the current technical suppression is still very strong. As for whether short-term ether can change its "destiny", it still depends on when 4100 can break through and stabilize. Summary: Now the short-term ether is in the box shock stage, which actually smells like a washout. The recent short-term is not in the technical category. As for whether the short-term ether can change its destiny, it mainly depends on whether the 4100 area can be effectively broken through and stabilized above it. Only when there is an effective breakthrough and stabilization at 4100 can the trend change be determined (if it breaks through and stabilizes, it is no brainer to operate low and long, and the second target above is 4280-4400) ； On the other hand, if 4100 cannot be effectively broken through, then Ethereum will still return to the oscillating box structure and continue to perform box oscillations. The lower support is still referenced near the box support low point of 3730-3640. The above is a personal intraday market analysis and is for your reference only. |
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