Academician of the currency circle: Ethereum will recover sideways on October 17. Stay calm in the shock? Latest market analysis reference
The current price of Ethereum is 2620. It is now 8 am Beijing time. The daily K-line has just closed. I originally thought it would close with a negative line, but I didn’t expect it to pull up in the early trading and finally close the daily K-line with a positive line. The 2700 mark has not been broken, so there is no entry. For the time being, it is mainly on the sidelines.
The short-term resistance of the daily K-line is at the EMA90 trend pressure level of 2660, and the EMA120 resistance level is at 2730. Because of the market, the main entry in the past few days is the big cake. The EMA15 support is still below 2520. MACD continues to increase in volume. The polarization of DIF and DEA has not ended. The market is expected to continue to consolidate. It is difficult to break 2700 during the sideways repair period. The upper rail pressure level of the Bollinger band is 2705, and the middle rail support point is 2495. From the daily trend, the upper pressure level continues to move downward, and it is difficult to break through for a while. There may be a callback. Be careful.
The four-hour line began to shrink. The EMA15 trend support point came to the position of 2595 below 2600. The overall performance is relatively flat. Although the support is effective, it is not very strong. It needs to continue to explore the EMA30 support point of 2560. The MACD top divergence trend continues. The volume is shrinking downward, the Bollinger Band is shrinking, the upper rail pressure level has fallen to 2590, and the middle rail has also reached 2590. The overall trend is still consolidation and contraction. This week's market is basically coming to an end. If there are not too many factors affecting it on Friday, it will continue to go sideways. It is suitable for trading. I will catch the trend and do it myself.
Short-term thinking reference: Remember that the market is not 100%, so you must set a good stop loss. Safety first, small losses and big profits are the goal.
Band:
2630 short, target 2600, stop loss 10 points
25 More than 90, target 2620, stop loss 10 points
Short above 2650 to 2680, defense 2710 to cover short, stop loss 50 points, target 2600 to 2550, break to see 2500
More than 2550 to 2530 below, defense 2490 to cover long, stop loss 50 points, target 2600 to 2650, break to see 2700
I am a currency circle academician, a warrior who has been protecting leeks. I wish my fans to achieve financial freedom in 2024. Come on! $ETH
