Crypto Circle Academician: On November 22nd, Ethereum experienced a strong rise with six consecutive candles breaking the triangular flag pattern, and the bullish trend remains strong! The previous high of 3450 is in sight!
The current price of Ethereum is 3380, and it is now 3:15 AM Beijing time. It's better to enter Ethereum at the right moment than too early; sell short above 3140, take profit at 3040. Before this article was written, the lowest point of the daily K-line was at 3030, and the highest point was at 3390. It has already broken the rising triangular flag pattern. According to the flag pattern indicators, it is very likely to break the previous high resistance level of 3450. During rapid rises and falls, wait for stagnation,
Looking at the daily K-line, it has held above the 3000 mark. The EMA trend indicator is expanding upwards, and the bullish indicators that stretch upwards have not yet ended. The MACD has just shown a contraction and is now expanding upwards. The alternating dead cross of DIF and DEA has turned into a golden cross, and this wave of liquidation has been brewing for a long time. Many fans chased shorts after breaking 3050. Before this article was written, they had already adjusted their positions and exited the market, making them the lucky ones in this wave of liquidation. The upper pressure level of the Bollinger Bands has reached 3585, and KDJ has formed a golden cross upwards. According to wave theory, the daily K-line has broken the fifth wave, and the effective bullish trend of the triangular flag pattern remains unchanged. Focus on the strength of the flag support at 3250.
The four-hour K-line has shown six consecutive bullish candles. The EMA trend indicator is stretching upwards, and EMA15 has reached 3186. The MACD technical indicator has continuously increased its volume, indicating a leading position. The high-level horizontal consolidation is expected to stagnate around 3400 because after breaking the upper Bollinger Band at 3316, the K-line will return to the channel. The upper band is still stretching, and the KDJ's expansion trend remains unchanged. The overall trend remains bullish. Therefore, any decline within the bullish trend is directly judged as a stop-loss trap. Wait for a pullback to trend support before entering the market, and maintain a wait-and-see approach for now.
Short-term reference: Safety first. Remember, there is no 100% certainty in the market, so always set stop-loss orders. Safety first; small losses and large profits are the goal.
Buy from 3200 to 3250 with a stop-loss at 3150, risking 50 points, targeting 3300 to 3350, and if broken, aiming for 3450.
Sell from 3450 to 3500 with a stop-loss at 3550, risking 50 points, targeting 3400 to 3350, and if broken, aiming for 3300.
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