11.13 Zhang Lihui: Ethereum market analysis and operational suggestions:
Since the 6th, Ethereum has been in a one-sided upward trend, with the amplitude exceeding a thousand points. Finally, it touched the position of 3449 yesterday, forming a proper retracement. Lihui often emphasizes in practical guidance not to chase without a retracement. Even if the trend is one-sided, what’s the difference? One can see that the market sentiment in the past few days was in a state of extreme greed, with a feeling that the rise was frightening. It is often at such times that one needs to remain calm. Taking profits is not just talk; no one can become a big shot overnight. Your greed will ultimately make you pay a price—there are no exceptions.
It can be seen that the K-line on the 1-hour chart retraced after reaching a high of 3449 yesterday, repeatedly testing the EMA60-EMA80 range. However, the current Bollinger Bands are closing, and the K-line is approaching the upper band with not much strength in the breakout. The MACD is continuing to shrink below the 0 axis, and the DIF and DEA are also converging. We should continue to pay attention to whether a golden cross can form again. Lihui believes that a secondary divergence will form here, and after the market completes the consolidation, there will be a correction. If the EMA80 can't hold, we will have to look at the EMA120 position.
The 4-hour Bollinger Bands are also in a closing pattern, with the upper band flattening. Thus, the anticipated 3600 and 4000 targets need to be set aside. This does not mean that the bears are attacking again, but rather a normal retracement demand. The bullish arrangement of moving averages is still present, and the lower band is still rising, forming support with EMA30. This can also serve as a low position entry point.
In the daily chart, the Bollinger Bands are closing upwards, with the lower band rising. From the moving average indicators, the bulls have not fully opened yet. The EMA15 is approaching the EMA160-EMA220 range, and the bottom EMA60-EMA80 is also working hard to approach EMA300. Once the above indicators break through, the market may reach new heights again; this process may take some time, so everyone needs to be patient.
In summary, Lihui believes that there is still room for bulls, and one can still enter with low positions during the retracement; short positions can be entered lightly, and entry opportunities should be combined with real-time market changes before positioning. Specific operations should be subject to Lihui's real-time notifications!
Beijing time, November 13th, 3:50 AM Editor: It is recommended to lightly buy on the retracement in the 3160-3120 range, with a stop-loss below 3100; target at 3220-3290; if it breaks above 3300-3330, keep holding;
There is a delay in article review and push notifications, and the market is ever-changing. Specific entry opportunities must be combined with actual trading operations, and should be subject to real-time notifications. The suggested entry points in the article are for reference only; do not operate with heavy positions. Please set stop-loss and take-profit levels when entering, and take profits when they appear!
I, Lihui, interpret global economic news and analyze the overall trends in the cryptocurrency space. During my studies in the US, I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. Friends who are not familiar with operations are welcome to comment and leave messages!
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