Academician of currency circle: 10.10 Ethereum held 2400 for five consecutive days. Can the short forces reverse? Latest market analysis reference

It is now 2:00 am Beijing time. The current price of Ethereum is 2420. It can be seen that the overall trend is much stronger than that of Bitcoin. The first target yesterday was reached at more than 2420, and the target reached 2470. Many fans asked why Bitcoin was bearish and Ethereum gave more ideas. After the market came out, everyone understood that this was the case. In fact, it is normal for Bitcoin and Ethereum to go their own way. This situation has happened more than once, so I will write the two currencies separately. Let's take a look at the market

Currently, the daily K-line has been five consecutive The sky is supported at the 2400 mark, and it has not been able to go down. There is strong resistance at this position, but the upper EMA30 pressure level of 2490 is also very strong, so you can continue to test long positions when it falls back to 2420, but the stop loss must be placed below 2400. If it falls below, you must give up long positions and turn to short positions. You cannot go against the market. If you are wrong, you must admit it. MACD continues to shrink and increase funds. DIF and DEA shrink below the 0 axis. The Bollinger Bands mid-regular resistance level focuses on 2530, and the lower track support focuses on 2300. KDJ shrinks to the extreme, and the direction will soon come out

The four-hour K-line has reached the key support point. It depends on whether this position can be held. It is also the defense line of the bulls. If it cannot be held, it means that the bears have held the bulls' momentum. The EMA trend indicator is still in the contraction stage, the MACD scaling volume is reduced, and the DIF and DEA are extremely contracted at the 0 axis, causing the Bollinger Bands to also contract. The lower rail support point has reached 2405, and KDJ is contracting downward. The major technical indicators have become the watershed between long and short positions at 2400 in terms of comprehensive time. Focus on this position.

Short-term reference: safety first, remember The market is not 100% so you must set a stop loss. Safety first, small losses and big profits are the goal.

Current price is more than 2420, target 2450 to 2500, break to 2550, stop loss 2390

Above 2450 to 2470 short, stop loss 30 points, target 2400 to 2350, break to 2300

Below 2300 to 2330, stop loss 30 points, target 2400 to 2450, break to 2500

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