2024.4.6 Academicians of the Coin Circle Interpret the Trend of Ethereum: Low-to-long, Beware of Short-selling Risks
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$ Ethereum (ETH) latest market analysis and reference suggestions
Ethereum's trend yesterday was not as volatile as Bitcoin. In yesterday's article, the academician of the currency circle gave a low-to-long idea and did not recommend everyone to chase shorts. There were also some rookies who chased shorts at 3220 (don't operate based on feelings, pure leeks). After being trapped, they asked me what to do. Then I can only say that you should set a stop loss at 3250 and get out of the market if it breaks Xiaosun. The idea given in my article is to go low and go long, and I also gave specific points. The area from 3200 to 3250 can be arranged, and it can be seen at 3350 and 3430. This wave of low-to-long has 150 points of space at 3350, which is enough to eat. There is no need to take risks to chase shorts
It's the weekend and the market is closing again, and the weekly line is about to end , let's look at today's market. As of press time, the current price of Ethereum is around 3330. The daily K-line has been located above the EMA60 trend indicator at 3275 for 5 consecutive days. It is expected to pull back to this position today. The EMA trend has three indicators closing downward (pay attention to the changes later). The obvious closing of KDJ shows that the K-line is blocked in the range of 3250 to 3200. Now that MACD has shrunk and increased its funds, the K-line reverses and stretches upward (the main force does not want to end the bull market early). DIF and DEA fell below the 0 axis. A new round of empty trend has been basically determined. The current range is consolidation and accumulation. The Bollinger Bands are closing and looking down. The K-line is in the downward channel and moving in the range. Pay attention to 3440 above and 3220 below.
From the current changes in the four-hour market, we can see that the K-line has returned to the EMA trend indicator. The overall downward alternating diffusion trend has ended, and a new round of oscillation cycle has begun. The specific stretching still needs time to adjust. After the MACD volume increases, DIF and DEA spread upward from low positions. The bottom divergence has formed a trend that can be paid attention to. KDJ forms upward alternately, long positions are blocked, and short positions are also blocked (sideways repair). The Bollinger Bands are narrowed, and the K-line is near the middle track. The overall trend tends to sideways oscillation (low long is safer). The upper short-term pressure level is 3670, and the lower short-term pressure level is 3670. The support is too high to 3260
So today's reference idea is a little higher. The first entry point for long positions is 3270, the second entry point is 3220, and the stop loss point for long positions is 3190 (the support point of 3200 was continuously hit in the past few days, so it is slightly to prevent being swept). The first exit point is 3350 above, and the second exit point is 3420. The specific operation is based on the real-time data of the market. For more information, please contact the author. There is a delay in the release of the article. The suggestion is for reference only and the risk is borne by yourself.
This article is exclusively contributed by the academician of the currency circle and only represents the exclusive views of the academician. There is an in-depth study of 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. 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 keep quiet. 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 the heart. Gains and losses are inadvertent. Develop the habit of strictly setting stop loss and take profit for each order. The academician of the currency circle wishes you a happy investment!
