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Coin Circle Academician: 2024.11.29 Ethereum (ETH) latest market analysis reference
Ethereum is currently priced at 3570. It is now 4 a.m. Beijing time. Ethereum has reached the neckline of 3550 and has currently held the neckline. Long holders should not rush to leave the market. Conservative investors should wait and see before making a decision. After all, sector rotation has begun, and it is normal for Ethereum to go back and forth during its strength phase. Yesterday, the express line stretched from 3300 to a maximum of 3688, and then fell back to the golden section line of 0.618 support, which is today's lowest point of 3530. The support is effective, and the upward ladder has entered the second stage and the third stage of the sprint. As for whether it can reach the key pressure level of 3830, let's not consider it for now. Let's look at the present first.
Before the release of the daily K-line, the highest was 3665 and the lowest was 3530. The upward network diffusion of the EMA trend indicator has ended, and the MACD has not ended its expansion. The DIF and DEA are still expanding and pulling at high levels. The Bollinger Bands have opened. The K-line broke through the upper track yesterday. Now it has returned to the upper track 3594. The pressure level in the channel is not strong. After the retracement and stabilization, a new round of stretching will continue.
The four-hour K-line stands at the EMA15 trend support of 3530, and the MACD volume decreases and the top divergence continues. The DIF and DEA high-level contraction downward K-line is blocked at the trend high. The Bollinger Bands are open, and the upper rail pressure level focuses on 3704, and the middle rail support focuses on 3475. The long trend continues, and the layout point and the key support are determined by the rotation of sectors. The current neckline position is not suitable as the first entry point for long orders. It is best to enter the market after further exploration.
Short-term reference: Safety first, remember that the market is not 100% certain, so you must set a stop loss. Safety first, small losses and big profits are the goal.
Short at 3800 to 3850, defense at 3900 to 3950, stop loss 50 points, target at 3700 to 3600, break at 3500 to 3450
Downside: 3450 to 3500, defense: 3400 to 3350, stop loss: 50 pips, target: 3600 to 3650, break: 3700 to 3750
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!
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