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Coin Circle Academician: 2024.5.10 Ethereum (ETH) latest market analysis reference
The day before yesterday, the long position of Ethereum near 3010 was stopped at 2990, but yesterday, the short position at 3010 was successfully closed at 2950. At 2950, the long position was also closed at the 3000 mark, gaining 110 points of space. The details of the operation are also in the content of yesterday's article, including the short position at the current price of 3010, which was also shared at the beginning. You will know whether it is a mule or a horse after taking it out for a walk.
As of 2:00 a.m. on May 10 before the release of this article, the current price of Ethereum is 3010. It was also at 3010 when the article was published yesterday. The market is still here after many twists and turns. The daily K-line has reversed yesterday's bearish trend. The upward pressure is blocked by the EMA trend indicator 120 pressure level of 3025. From the overall trend, the pressure at this position is not strong, and it is expected to further stretch upward, because the KDJ indicator is closing upward, MACD is shrinking and increasing, and DIF and DEA are closing at low levels. Although the trend has not reversed, the upward space has been opened in the short term, and we can continue to look at the Bollinger Bands' medium-regular pressure level of 3115.
The performance of the four-hour K-line is more obvious. It has closed positive lines continuously and returned to the EMA trend indicator, which has successfully broken the 3000 mark. It has been consolidating near the integer mark. After it stabilizes, it is expected to further test the pressure level near 3100. Especially the upward opening trend of KDJ and the golden cross formed by the closing of DIF and DEA due to the shrinking volume and increasing funds of MACD, the K-line now begins to impact the Bollinger Band's middle pressure of 3025. If it breaks, you can take advantage of the trend to have more ultra-short profits and collect a wave.
The reference for ultra-short-term entry into the contract is as follows: Currently, half of the long orders near 2950 have taken profits, and the rest are still held. You can pay attention to it.
The entry point for long positions is between 2970 and 2950, and the exit point is around 3030 and 3110, with a stop loss of 2920.
The entry point for short selling is between 3110 and 3130, and the exit point is around 3030 and 2980. The stop loss is 30 points.
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!
