11.24 Zhang Lihui: Ethereum market analysis and operation suggestions:
In yesterday's article, Li Hui arranged a long order at the current price below 3300. Did you get the profit according to the target of 3400? Last night, the market broke through the 3450 that had been defended for many days and came to the vicinity of the 3500 mark. It can be seen that the Bollinger Bands in the Ethereum 1-hour chart have closed again, and the lower track has risen and stood on the EMA30 position. The K-line in the early morning just retreated to this position and rebounded again, which can be used as a short-term support entry point, but the upper track went down very quickly, and the market may be compressed again. We will continue to watch the new round of K-line trend of shock break during the day; the volume began to increase below the 0 axis in MACD, and the fast and slow lines had just formed a dead cross. You can pay attention to the downward strength of the market. If the golden cross is pulled back again, then this early morning callback is a trap for short selling.
In the 4-hour period, the Bollinger Band opens, and the K-line retreats to the EMA7 position to form a rebound. If it falls below this position for the second time and the middle rail and EMA10 positions are not broken, you can consider entering the market with a light long position, and the defense is placed at the EMA15 position; the volume above the 0 axis in MACD decreases, and the fast and slow lines close. It is necessary to pay attention to whether a dead cross can be formed. If the K-line touches the middle rail position to form a rebound, then a divergence exit will be formed again; then it will rise above the 3500 mark again to reach the high point of July 22, which is around 3560. If this position is not broken, it can be used as a high short point;
In summary, Li Hui believes that the bulls may continue to move forward. It is recommended that Ethereum continue to be long when it retreats, and it is safer to go short after breaking through the previous high.
Edited at 5:38 am, November 24th, Beijing time: It is recommended to enter the market lightly in the 3390-3360 range, with a stop loss below 3330; the target is 3470-3535; if it breaks above the 3540-3560 range, it can continue to hold;
It is recommended that short positions continue to focus on the 3540-3560 range. If it is not broken, you can enter the market lightly, with the target at 3440-3390. If it breaks below 3360-3330, you can continue to hold.
There is a delay in the review and delivery of articles. The market is changing rapidly. The specific entry opportunities must be combined with actual operations and subject to real-time notifications. The recommended points in the article are for reference only. Do not operate with heavy positions. Please set stop-profit and stop-loss when entering the market, and quit when you see good results!
I, Li Hui, interpret the world economic news and analyze the major trends in the global cryptocurrency circle. During my further studies in the United States, I have conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL and other currencies. Friends who don’t know how to operate are welcome to leave comments!
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