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Coin Circle Academician: 2024.5.8 Ethereum (ETH) latest market analysis reference
Ethereum did not show the expected tensile impact on the 3220 pressure level yesterday, but was blocked at 3130. Therefore, according to the steady operation idea, there were long entry signals at the support level of 3030 throughout the day, and finally the stop profit was 3130 to take 100 points of space, but there was no short layout near 3130. After all, the upper space was not completed and there was no clear signal. Waiting for opportunities and not blindly opening orders, as of 3:30 a.m. before the publication of this article, Ethereum once again reached the current price of 3050, but at 2:34 a.m., it had already begun to layout long at 3035. The target is still the first pressure level above, 3110 to 3130. If the pressure is not broken, the profit will be closed normally. If it is broken, continue to look at the closing point near 3200.
Looking at the current market, the daily K-line has fallen below the EMA trend indicator of 120. KDJ has been reversed downward and then pulled back upward. The continuous transformation of long and short positions is washing back and forth near the support of 3030. MACD is also changing back and forth between volume and volume. DIF and DEA have alternated 5 times at low levels. The Bollinger Bands have shrunk, and the K-line has failed to hit the middle track of 3130 and fell back. Can it fall back to the support of 2960?
The four-hour K-line fell below the EMA trend indicator, and the K-line continued to have long upper shadows. The KDJ upward closing was blocked at 3130, and the MACD failed to increase its volume. The DIF fell below the 0 axis, and the DEA was still above the 0 axis. The trend caused by this polarization is sideways trading. In addition, after the Bollinger Bands contracted, the K-line was sideways between 3110 and 3030. The overall trend can focus on the changes in the layout of the 3000 integer mark below. It is most stable to follow the trend.
The reference for ultra-short-term contract entry is as follows:
The long position is between 3020 and 3040. The exit refers to the pressure level between 3110 and 3130. If it breaks, exit between 3175 and 3200. The stop loss is 2990, which is slightly lower than the 3,000 integer mark.
For short selling, pay attention to the market changes between 3020 and 3000. If it breaks, go short. The target can be the market between 2965 and 2900.
In addition, the layout position is near the downward trend line, that is, the 3150 to 3175 interval layout is short, the stop loss is 3200, and the target can be seen near the support of 3050
The specific operation is based on the real-time data of the market. For more information and details, please contact the author. There is a delay in the release of the article. The suggestions are for reference only and the risks are borne by the user.
This article is exclusively contributed by the academician of the currency circle, and only represents the exclusive views of the academician. There are in-depth studies on 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, and 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 stay calm. 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 heart. Gains and losses are inadvertent. Develop the habit of strictly taking stop loss and stop profit for each order. The academician of the currency circle wishes you a happy investment!
