Coin Circle Liying: Ethereum's pullback on September 30 does not mean bad! Instead, it is an excellent buying opportunity! Latest market analysis
After the pullback, the market will return to normal. The market needs to digest the selling pressure. Liying has understood a truth in ten years. You must break your inherent cognition to see the way forward clearly. I hope you can break it. Let's look at the current market of Ethereum. The four-hour K-line pattern is high-level oscillation, and there are many K-lines with long upper shadows, which shows obvious upper selling pressure. From the 27th to the 30th, the price fell from the high of 2700 to 2625, forming a small downward trend.
Technical indicators In the 4-hour cycle, MACD fast and slow lines DIF and DEA both diverge downward, and the MACD histogram is negative, indicating that there will be further downward pressure in the short term. RSI14 is around 43.75, showing that the market buying power is insufficient and the market needs to step back to support, which is basically consistent with Liying's prediction. The current price of the trend indicator EMA is lower than EMA7 and EMA30 but higher than EMA120. The short-term and medium-term moving averages are in a short position, and the long-term moving average still maintains an upward trend. If the price continues to fall and falls below EMA120, it may trigger a bigger decline, so when going long, you must be defensive and put safety first.
The current trading volume is decreasing, especially during the price decline, the trading volume has not increased significantly, indicating that the current decline is more due to insufficient buying rather than large-scale selling. At this time, no matter how scary the market is, what we have to do is to execute according to the plan, and leave the rest to time and Liying's escort. If you are wrong, admit your mistakes and never resist. If you are right, then congratulations. Liying's comprehensive judgment: Long at the support level is effective, wait for the opportunity to consider shorting
Today The latest daily point reference:
Long point 2600, cover point 2550, stop loss 2500, target 2700
Short point 2700, cover point 2750, stop loss 2780, target 2650
Reason: The market has touched the trend support point, long positions are effective and can be held, be sure to take precautions, the content of the article is real-time, for reference only, risk at your own risk