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Scholar in the cryptocurrency circle: 2024.11.22 latest analysis reference for Ethereum (ETH)
Ethereum is currently priced at 3380, it is now 3:15 AM Beijing time. It’s better to time the release of Ethereum than to release it early. Short above 3140, cashing out at 3040. The daily K-line's lowest point before publication was 3030, and the highest point was 3390. The ascending triangle flag pattern has been broken. According to the flag pattern indicator, it is very likely that it will break above the previous high resistance at 3450, wait for stagnation during sharp rises and falls.
The daily K-line has held the 3000 level, the EMA trend indicator is stretching upwards, the upward stretching bullish indicator has not ended, MACD has just shown a contraction and then reversed to stretch upwards, the crossover from DIF and DEA from death cross to golden cross is a trap for bears. This wave of liquidation has been brewing for a long time, many fans have chased shorts after breaking 3050, and before the publication, they have adjusted their positions and exited, considered to be the lucky ones in this wave of liquidation. The upper pressure level of the Bollinger Band has reached 3585, KDJ is forming a golden cross upwards, and the wave theory daily K-line has broken the fifth wave, the triangular flag pattern has an effective bullish trend unchanged, pay attention to the strength of the flag support at 3250.
The four-hour K-line has had six consecutive bullish candles, the EMA trend indicator is stretching upwards, EMA15 has reached 3186, the MACD technical indicator has been continuously increasing in volume. The ladder volume is expected to stagnate at 3400 because after breaking the upper Bollinger Band at 3316, the K-line will return to the channel, and the upper band is still stretching. The KDJ expansion trend remains unchanged, the overall trend remains bullish, so the decline in the bullish trend is directly judged as a trap for bears. Wait for a pullback to trend support before entering, and mainly observe for now.
Short-term reference: Safety first, remember that market movements are never 100% certain, so always use stop-losses. Safety first, small losses with big profits is the goal.
Below 3200 to 3250 more, defend 3150, stop loss 50 points, target look at 3300 to 3350, if broken look at 3450
Above 3450 to 3500 short, defend 3550, stop loss 50 points, target look at 3400 to 3350, if broken look at 3300
Specific operations are based on real-time data from the market. For more information, you can consult the author. There may be delays in article publication, suggestions are for reference only, risks are borne by the individual.
This article is exclusively contributed by the scholar in the cryptocurrency circle, representing the scholar's exclusive views. In-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's push, the above views and suggestions are not real-time, for reference only, risks are borne by the individual. Please indicate the source when reprinting. Control your positions reasonably when trading, and avoid heavy or full position operations. The scholar also hopes all investors understand that the market is always right. If you are wrong, you should summarize where the problem lies. Do not let the profits that should be yours fly away. There is no need to be smarter than the market in investing. When a trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to take action after the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, earth rewards goodness, humanity rewards sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses often happen inadvertently. Develop a habit of strictly using stop-loss and take-profit for every trade. The scholar in the cryptocurrency circle wishes you happy investing!
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