$ETH
The current price of Ethereum is 3800. It is now 10 o'clock Beijing time. Everyone can continue to hold the short position above 3750. If the retracement does not break 3640, you can hold. Pay attention to the support at the 3500 level. If it breaks, take half off and continue to hold the rest. Don't think about taking profits at the lowest point. Continuously adjust the retracement points and take profits at the retracement points. Just like last night when Ethereum plummeted to 3520, taking profit at 3720 is the same reasoning. The attempt to break 3800 failed, and the retracement broke the 3730 neck line. Clear all long positions without hesitation.
Let's take a look at the current market situation. The daily K-line had a maximum of 3780 and a minimum of 3515. The EMA15 trend line support has turned into a resistance level at 3695. The EMA30 support point is at 3485. The MACD volume has ended and is starting to shrink downwards. The DIF and DEA are forming a death cross at a high position. After the Bollinger Bands contracted, the K-line broke the middle line at 3630 twice. The retracement broke upwards at 3630, with a stop loss 10 points above. If it doesn't break, you can continue to hold. The lower support level is at 3200, and the overall trend is heavily bearish.
The four-hour K-line has reached the critical support above 3500. It is currently starting to rebound back to the EMA120 resistance level of 3625. The overall trend of the EMA is starting to contract downwards, forming a net bearish indicator. After the retracement, once the EMA120 forms a clear resistance level, you may consider entering short. The MACD is shrinking downwards, and the DIF and DEA are about to break the energy indicator. The Bollinger Bands are opening downwards, with the fast line expanding around the lower track of 3585. The overall trend is bearish. Whether it is a real vacuum or a false vacuum, once a clear entry signal appears, just execute according to the system. Set good take profit and stop loss, and leave the rest to time.
Short-term reference: Safety first. Remember, the market is not 100% certain, so always have a good stop loss. Safety first; small losses and big gains are the goal. Actual warehouse 3765 short, target looking at the previous low and retracement take profit point 3640, everyone can refer to this.
For the upper side, short from 3850 to 3900, defend at 3950, stop loss 50 points, target looking at 3600 to 3550, if broken look at 3500 and 3450.
For the lower side, long from 3400 to 3350, defend at 3300, stop loss 50 points, target looking at 3500 to 3550, if broken look at 3600 to 3650
