Liying in the crypto circle: On November 26, the major trend of Ethereum is still bullish! How will it continue to exert strength in the future? Latest market analysis.
Article published on November 26, 2024 ---- 00:40.
Current price of Ethereum is 3485, yesterday's real-time was over 3300, the target looks at the previous high. How many fans have followed along? A wave of over 200 points profit-taking market indicates that Liying's thinking is still correct. Congratulations to old fans, new fans can look back at all historical posts for content, with very high accuracy. In the case of a major uptrend, do not hesitate, enter long at the right position, and leave the rest to the main force to pull the market. Go with the trend, and never go against it. Let’s see what points to layout in the current market?
First, from the price trend perspective, the current K-line pattern in the order book has recently fluctuated within the range of 3400 to 3500, forming a consolidation pattern, which is a good area for market capture. On the 23rd, a long bullish candle appeared, breaking through the previous high of 3499, but subsequently failed to sustain the upward attack. Technical indicators MACD: Currently, both DIF and DEA are positive, and the MACD histogram has turned from negative to positive, showing signs of increased bullish strength. The bullish trend is effectively continuing, waiting for pullback support to lay out long positions.
The relative strength index RSI14 is approaching the overbought area, currently between 60-70, indicating that the market is in a strong state, but caution is needed for pullback risks. Since pullback risks are identified, do not go long at the current position, but wait for the pullback to end before entering. The trend indicator EMA short-term EMA7 has crossed above the medium-term EMA30 and is far from the long-term EMA120, showing a clear upward trend. Coupled with increased trading volume indicating strong market participation, it shows that market sentiment is gradually becoming active, and the bullish trend continues. The strategy is to mainly focus on long positions with lower prices and short positions as a supplement.
Today's latest position reference.
Go long at 3350, cover at 3300, stop at 3250, target at 3500.
Go short at 3550, cover at 3600, stop at 3650, target at 3400.
The above analysis by Liying is based on market data and trend analysis of the order book, and does not constitute investment advice. For family reference only. Over the past ten years, Liying has continuously explored and experienced hundreds of different digital assets. During this process, Liying has gone through the market's bull market brilliance and bear market gloom, stumbling along the way, accumulating countless precious experiences and profound lessons. As a female trader striving in this challenging field, Liying feels a responsibility to share her insights, hoping to assist others with dreams in finding their place in this unpredictable market and embarking on their own successful journey.
The content of the article is real-time and for reference only, with risks borne by the reader.
