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Long positions were blocked and short positions continued. I held on all night and thought that this wave of stretching would break the 3650 pressure level. Unexpectedly, it was blocked near 3570. As of 5:30 am before the release of this article, the current price of Ethereum was near 3525. The daily K-line still did not break the upper resistance point and pulled back. The EMA15 fast line became the pressure level of 3610. The lower support point focused on the EMA60 trend indicator support of 3475. The KDJ was blocked at 3650 and pulled back. The Bollinger Bands’ downward trend remained unchanged. The K-line was blocked by the middle track of the Bollinger Bands at 3670 and pulled back to the lower track of the Bollinger Bands at 3435. MACD shrunk and increased its chips. DIF and DEA formed a polarization. The short position remained unchanged before the end of the polarization. The current market of the four-hour K-line shows that the EMA contraction space has become smaller. In the short term, there may be a sideways trend grinding back and forth near the pressure level. The KDJ closed K-line did not stretch as expected, but went down. The Bollinger Bands contracted. The upper track focused on 3636 and the lower track focused on 3450. MACD is shrinking and the overall trend is bearish, so the idea is still to go short at highs and long at lows.
Short-term ideas for reference:
Short entry point 3610 to 3630, defense 3680 to 3700 to cover short positions, stop loss 30 points, exit target reference 3550 to 3520, second exit point reference 3450 to 3430,
Long entry point reference 3435 to 3410, defense 3350 to 3330 to cover long positions, stop loss 30 points, The reference for exit is 3500 to 3530, and the reference for the second exit point is 3580 to 3610.
The specific operation is based on the real-time data of the market. For more information, please contact the author. There is a delay in the release of the article. The suggestion is for reference only and the risk is borne by the user.
