Coin Circle Liying: 11.18 Ethereum defends 3,000! Strong bottom-up support! Rebound signals are beginning to appear! Latest market analysis
Article published on 2024.11.18----08:35
Ethereum is currently priced at 3100. The 3,000-level defense battle has been going on for several days. It has been held for many consecutive times. It is possible that the price will fall below 3,000 in this round of defense battle. Therefore, bulls who want to enter the market can choose to find suitable support below the 3,000-level. Those who have entered the market at 3050 should pay attention to the pressure of 3150 above.
As usual, we start with the price trend analysis. The current K-line price fluctuates in the range of 3100 to 3200, showing a pattern of shock consolidation. There are multiple upper and lower shadows. Liying judges that there is a certain selling pressure and support in the market. The current DIF and DEA of the technical indicators MACD are both negative, but the gap is narrowing. The MACD histogram shows that the short-selling force has weakened, and a golden cross signal may appear.
The relative strength index RSI value is close to 50, which is in the neutral area and has not entered the overbought or oversold state. The short-term trend is not obvious. The trend indicator EMA7 is lower than EMA30, and the two are gradually approaching, showing signs of a rebound in the short term; EMA120 is far lower than the current price, and the long-term trend is still biased towards an upward trend. The idea of going with the trend and going low remains unchanged, because when the trading volume is high, it means that the willingness to chase the rise is insufficient. When the price pulls back, the trading volume is slightly enlarged, showing a certain carrying capacity.
Today's latest point reference
Go long at 3030, fill at 2980, stop at 2950, target at 3100
Short point 3130, cover 3180, stop 3210, target 3030
The above analysis is based on the conclusions drawn by Liying based on the trend analysis of market data and the market, and does not constitute investment advice. It is for reference by family members. In the past ten years, Liying has been exploring and experiencing hundreds of various digital assets. In this process, Liying has experienced the glory of the bull market and the bleakness of the bear market. She has accumulated countless valuable experiences and profound lessons along the way. As a female trader struggling in this challenging field, Liying feels deeply responsible to share her experience and insights, hoping to help other people with dreams find their place in this turbulent market and start their own journey to success.
The content of the article is real-time and for reference only. Risks are borne by the user.
