Academician of the currency circle: 11.17 top bad move! Chasing the phantom of the bull market! Is the rebound of Ethereum 3220 worth looking forward to?
The current price of Ethereum is 3180. It is 3 am Beijing time now. Many people in the market think that Ethereum will make up for the rise in this bull market. Has no one noticed that this wave of big cakes has broken historical highs. Ethereum is just passively stretched and has no intention of making up for the rise? Sober up, Ethereum is not suitable for long-term trend orders, only medium-term and ultra-short, especially this wave of stretching and stepping back has not broken the trend line, just hit the 3220 trend pressure level and was beaten down. One hundred points show that the pressure level is effective. How will the market go today?
Currently, the daily K-line is at a high of 3220 and a low of 3070. The EMA15 trend fast line support of 2980 has not been stepped back, which means that it will pull back and step back again. The top pressure level becomes lower, and the bottom support keeps pulling up. The market obviously begins to shrink. In addition, the MACD volume decreases, and the divergence becomes more and more obvious. The Bollinger Bands open and spread. The upper rail pressure level has reached 3470, and the middle rail support is still at 2830. The KDJ downward dead cross trend continues to be empty. The current technical indicators are mixed.
Let's look at the four-hour K-line, which has just completed the head and shoulders. In the future, it will be blocked by the EMA60 trend support and effectively pull back to impact the large-scale rising trend line of 3200. At this time, you can focus on 3200. If it does not break, you can consider the layout of short orders. The target is the previous low EMA60 trend support of 3050. MACD increases volume and stretches upward. DIF and DEA have just fallen. When the 0 axis is broken, a golden cross will form and hit the 0 axis upward. The upper rail pressure level of the Bollinger Band is 3270, and the lower rail support is 2990. In terms of thinking, pay attention to the key pressure levels and support points and wait for the direction to be confirmed before entering the market.
Short-term reference: safety first, remember that the market is not 100%, so you must bring a good stop loss. Safety first, small losses and big profits are the goal.
Above 3200 to 3250 short, defense 3300 to 3350, stop loss 50 points, target 3100 to 3050, break 3000 to 2950
Below 2950 to 3000 long, defense 2900 to 2850, stop loss 50 points, target 3100 to 3150, break 3200 to 3250
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!