Crypto Circle Academician: The Ethereum bat pattern on 11.6 is valid, bullish hunting below 2400, and the harvest is abundant
The current price of Ethereum is 2550, and it is now 10:15 AM Beijing time. Is the bullish indicator of the daily bat pattern clear enough? Yesterday I asked everyone to draw it themselves, and many couldn’t, so I’ll draw one for reference. From the current market situation, our bullish hunting below 2400 is effective, continue to hold, continue hunting to expand the gains. Currently, there is about 200 points of space to take profits, and those who can’t hold may take profits after breaking 2600.
Looking at the market, the daily K-line bat has already started to spread its wings, having moved halfway to the EMA60 trend pressure level of 2555. After breaking this level, we will continue to look up to 2615, first to EMA90. The MACD is narrowing upward, and the DIF and DEA have not yet produced energy indicators before starting to contract. Currently, it is still below the 0 axis, indicating that there is enough space above to continue holding and looking up. The Bollinger Bands have stretched directly to impact the middle band of 2550 after standing at the lower band of 2369. Overall, the trend looks bullish, and we continue to look up. The upper band of the Bollinger Bands sees 2737, and the KDJ has formed a golden cross upward.
The four-hour K-line has broken the EMA trend indicator and is standing at a high position. The EMA15 is still at 2460 and needs to continue to stretch to provide support for the K-line. The bullish trend has opened up again. Will it experience another downturn? Pay attention to the key pressure level above, the major trend pressure point is 2680. Currently, all major indicators are stretching, and market sentiment is leaning bullish. However, be cautious as the market has entered the overbought zone; it is essential to avoid it. If it enters extreme overbought, even if you don’t short, you can watch from the sidelines.
Short-term reference: Long positions have been entered, safety first. Remember there is no 100% certainty in the market, so always set a stop loss. Safety first; small losses with big gains are the goal.
For the upper side, short from 2670 to 2700, and add to the short from 2750 to 2850, with a stop loss of 50 points. The target is 2600 to 2550; if broken, look at 2500 to 2450.
For the lower side, long from 2400 to 2450, and add to the long from 2350 to 2300, with a stop loss of 50 points. The target is 2500 to 2550; if broken, look at 2600 to 2650.
There is no need to present practical records to avoid being accused of showing off. The practical record of Bitcoin updated just now cannot be helped, and the comment section is full of bulls. I can only stimulate others a bit, but everyone is welcome to communicate in the comments, regardless of bullish or bearish, polite comments are appreciated.
