When will the Ethereum bearish trend end? On June 19, the Coin Circle Academician will answer the key points for you and provide the latest market analysis and trading strategies.
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The bearish trend continues. How long will the bearish trend of Ethereum last in the future?
Let's look at the market. As of 3 a.m. before the release of this article, the current price of Ethereum is around 3,400. The daily K-line is around 3,520 and the lowest is around 3,350. The support level of EMA90 trend indicator is 3,380. The next focus is on the support level of EMA120 at 3,280. Let's look at the support level of 0.618 of the golden section line at 3,350. If it does not break 3,350, the rebound will see the pressure around 3,530. The KDJ dead cross is formed, and the Bollinger band opens downward and spreads. The daily K-line falls below the support level of 3,390 on the lower track of the Bollinger band. The MACD shrinkage and increase in funds have ended. The polarization of DIF and DEA has not ended, indicating that the trend has not ended. In addition, the probability of consolidation in the market during the polarization stage has increased. It can be judged as a volatile downward trend.
Is the double-needle bottoming of the four-hour K-line a reversal signal? The signal of inducing more buying is still to be verified. This is not something we should consider for the time being. What we need to do in trading is to grasp the big trend, wait for opportunities, wait for signals, and wait for the best entry point. It can be seen that after the four-hour EMA trend indicator spreads downward, EMA15 has fallen below 3485, KDJ closing is blocked, and the Bollinger band opens downward and is idle and continuously consolidates near the lower track 3400. MACD is also shrinking downward. The overall trend is obviously sideways. It is expected that the main force will sideways repair around 3400 for a period of time before determining the direction. Then our overall idea is still to wait for the upper pressure level to fall back before starting to layout
Short-term idea reference:
Short entry point reference 3500 to 3520 area Layout between 3600 and 3620, cover short position, stop loss 30 points, exit target reference 3440 to 3400, second exit point reference 3350 to 3300,
Long entry point reference 3270 to 3300 layout, stop loss 30 points, exit point reference 3350 to 3450 free fall
Specific operations are based on 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 the user.
