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Coin Circle Academician: 2024.11.16 Ethereum (ETH) latest market analysis reference
Ethereum is currently priced at 3032. It is now 3:25 am Beijing time. Before posting yesterday, I reminded everyone not to go long at 3100. The entry point is very clear. The upper pressure level is difficult to reach because Ethereum has failed to reach the expected pressure level after two consecutive pullbacks. Yesterday, I gave the key pressure level of 3180 to 3210 for shorts. The highest daily K-line was 3130 and the lowest was 3014. I gave more than 3040, with the target of 3100. This wave of intraday short-term space is 60 points. As long as you are not greedy, you can basically get something. Enough of small talk
Let's look at the daily K-line. After the three crows, the market will be short. Whether it can step back to the EMA15 trend fast line support point of 2950 is the position that needs to be focused on at present. MACD volume continues to decrease, DIF and DEA also begin to shrink, the upper track of the Bollinger band is too high at 3420, and the middle track stretches to 2800. KDJ begins to spread after the downward dead cross is formed, and the pressure level moves down again. This wave of pullback will continue after the daily K-line opens at 8 o'clock in the morning. As long as it does not break 3150, you can continue to short at a high position. If it breaks, you can sell at a small loss, and the short position will continue.
The four-hour K-line has an obvious head and shoulders pattern, and it has continuously fallen below the EMA trend line. In addition, the current dead cross formed by EMA15 and 30 has caused the trend to fall below the EMA60 support point of 3030. MACD has a roller coaster-like shrinkage, and DIF and DEA have fallen below the 0 axis to enter a short position. The Bollinger Band pressure level has moved down, and the middle track has fallen to 3145. From the overall trend, if the head and shoulders pattern is effective, you can choose to short at the key pressure level above, and wait for the low position to end before considering it.
Short-term reference: Safety first, remember that the market is not 100% certain, so you must set a stop loss. Safety first, small losses and big profits are the goal.
Short at 3100 to 3150, defense at 3200, stop loss 50 points, target at 3050 to 3000, break at 2950 to 2900
Downside: 2950 to 2900, defense: 2850, stop loss: 50 pips, target: 3000 to 3050, break: 3100 to 3150
The specific operation is based on the real-time data of the market. For more information and details, please contact the author. There is a delay in the release of the article. The suggestions are for reference only and the risks are borne by the user.
This article is exclusively contributed by the academician of the currency circle, and only represents the exclusive views of the academician. There are in-depth studies on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the time of article push, the above views and suggestions are not real-time, for reference only, at your own risk, please indicate the source for reprinting, and reasonably control the position when making orders, and do not operate with heavy or full positions. The academician also hopes that all investors understand that the market is always right. If you are wrong, you should summarize your own problems and don't let the profits that should have been obtained fly away. There is no need to be smarter than the market in investment. When the trend comes, respond to it and follow it; when there is no trend, observe it and stay calm. It is not too late to wait for the trend to finally become clear before taking action. Tomorrow's success comes from today's choice. God rewards diligence, earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards heart. Gains and losses are inadvertent. Develop the habit of strictly taking stop loss and stop profit for each order. The academician of the currency circle wishes you a happy investment!
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