Crypto Circle Scholar: The bullish signal for Ethereum remains on December 2, with no profit-taking at the peak, the trend is not over, and there is huge potential for the future!
The current price of Ethereum is 3700, and it is just after ten past five in the morning Beijing time. The bottom positions left by everyone are getting less and less. Most people took profits yesterday at 3700, leaving only their bottom positions. Remember one thing, never think about taking profits at the highest point, only take profits at the pullback points. Those who can buy are apprentices, but those who can sell are masters. As long as the neckline does not break, you can hold. If it breaks, you can take profits, especially for those who entered above 3000 and 3300 and have not exited yet. Pay close attention to the support levels at 3630 and 3530.
The daily K-line reached a maximum of 3747 and a minimum of 3658. The EMA15 trend support has not yet ended, currently at 3430, expected to impact and reach the 3600 support level. Although the trend indicator net spread has ended, the bullish trend has not. The long-short indicators are gradually widening, indicating an increase in up and down space. The main force is likely to liquidate back and forth. MACD is trending upwards, and the Bollinger Bands are opening up with K-lines moving back and forth around the upper track of 3758, with a bullish trend breaking previous highs.
In the four-hour K-line, the impact of sector rotation can be clearly felt, achieving four consecutive jumps with four consecutive rising flag patterns. Currently, the K-line is hovering around 3700, but this position is not suitable for entry. The EMA15 support is not strong. Pay attention to the EMA30 support point at 3610; after a break, consider laying out long positions. The MACD top divergence continues, beginning to shrink downwards. The DIF and DEA high-level spread remain unchanged, and the KDJ is spreading downwards. At this position, the risk of both long and short positions is greater than the return. For those who have not entered, wait for a deeper pullback before entering. Be more aggressive with longs, and for those shorting, please remember to manage your defense line well; survival comes first.
Short-term reference: Safety first. Remember that the market is never 100%, so always set stop losses. Safety comes first. Small losses with large gains is the goal.
Short positions at 3800 to 3850 with a stop loss at 3900 to 3950, 50 points stop loss, target 3700 to 3600, and if broken, look at 3500 to 3450.
Long positions at 3500 to 3550 with a stop loss at 3400 to 3450, 50 points stop loss, target 3600 to 3650, and if broken, look at 3700 to 3750.
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