11.16 Zhang Lihui: Ethereum market analysis and operation suggestions:
Yesterday's article gave the operation of effective intervention with the 4-hour EMA160 support. The intraday rebound effect was not very ideal. After reaching the position above the first target of 3120, it began to fall back; it was also just at EMA30, which is always a key point for short-term trading. So today's high point may continue to focus on this position; the evening market retreated below EMA60 again. The current Bollinger Band channel is downward, and the lower track has touched the EMA80 position. The K-line is likely to reach this position; the volume below the 0 axis in MACD is still strong, with no obvious contraction, and there is no sign of closing of the fast and slow lines, indicating that there is still room below. It is recommended to be bearish here and continue to wait for a pullback to enter the market at a low level;
In the 1-hour chart, the Bollinger Bands are open, and the upper track is rising and preparing to cross EMA80, indicating that there is space above, but the current K-line is testing the lower track below EMA220, so the long position can be considered to continue to move down, DIF and DEA form a dead cross again, and the volume begins to increase below the 0 axis. The downward momentum of the market is not very strong. If the K-line moves very slowly, then EMA300 can be used as a long order entry opportunity. Pay attention to whether it can form a range support with the 4-hour EMA80;
In summary, Li Hui believes that the short-term bullish space is relatively weak, and you can maintain a high-altitude and low-multiple layout to enter the market;
Edited at 3:02 am, November 16, Beijing time: It is recommended to enter the market with a light long position in the 2950-2980 range, and reserve 2890 for replenishment below; stop loss 30 points; target 3070-3120; break above 3130-3140 and continue to hold above 3200;
If it rebounds to EMA80 during the day but does not break through, you can go short lightly in the 3130-3100 range, with the target at 3040-2980; the specific entry opportunity for short positions is subject to the real-time notification of Lihui!
There is a delay in the review and delivery of articles. The market is changing rapidly. The specific entry opportunities must be combined with actual operations and subject to real-time notifications. The recommended points in the article are for reference only. Do not operate with heavy positions. Please set stop-profit and stop-loss when entering the market, and quit when you see good results!
I, Li Hui, interpret the world economic news and analyze the major trends in the global cryptocurrency circle. During my further studies in the United States, I have conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL and other currencies. Friends who don’t know how to operate are welcome to leave comments!
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