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Coin Circle Academician: 2024.5.9 Ethereum (ETH) latest market analysis reference
Yes, that's right. Yesterday, the long position of Ethereum near 3010 was stopped at 2990. The short position in the range of 3000 to 3030 is currently held. The earlier support has become the current pressure level. The target is to pocket the profit in the range of 2950 to 2910. You can pay attention to it.
As of 2:00 a.m. on May 9, the current price of Ethereum is 3010. The daily K-line has fallen below the 3000 integer mark, and the lowest is around 2975. The space below focuses on the support of the EMA trend indicator 140 near 2950. The overall trend is bearish. Although the ultra-short trend is blocked by the 3000 mark, it is not a big problem. After KDJ buckles downward, MACD is currently in a range of large and small volumes. As long as it falls below 3010, it will form a dead cross, and the bearish trend is obvious. Therefore, the conventional idea is to follow the trend and pay attention to the support of the lower track of the Bollinger band at 2940.
The four-hour K-line is blocked by the pressure near 3030. If the pressure level is not broken in the short term, you can continue to hold the layout. The golden cross formed by KDJ and the increase in volume of MACD indicate that the upward movement of the K-line is indeed blocked, indicating that the short trend is strong. The Bollinger Band opens downward, and the lower rail support directly falls below 2960. The middle rail pressure level focuses on 3060. The specific operation idea is to focus on shorts and supplement them with longs.
The reference for ultra-short-term contract entry is as follows:
The entry point for short selling is between 3010 and 3030, and the exit point is between 2960 and 2910. The defense is between 3050 and 3070. If it is not broken, cover the short position. The stop loss is 3080 (the downward space has not been exhausted in the short term, so the idea is to go short first and go long second).
The entry point for long positions is between 2930 and 2950, and the exit point is between 3000 and 3030. The stop loss point for long positions is 2900 (the ultra-short trend layout uses a risk of 30 points in exchange for a space of about 100 points. When the risk is greater than the benefit, leave the market and wait and see)
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!
