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Cryptocurrency Academy: 2024.12.1 Ethereum (ETH) latest market analysis reference.
Ethereum's current price is 3697. It is now 4:15 AM Beijing time. Yesterday, Ethereum at 3550 effectively reminded everyone to get on board, with a final target of 3700. How many points did you capture in this 150-point profit? The sector rotation has not ended yet, so do not rush to exit completely; keep some position to continue looking upward. Newcomers may not understand the power of sector rotation, but as an old-timer in the cryptocurrency space, I have profound insights. This is not just an opportunity to turn around; it is an opportunity to leap.
The daily K-line reached a maximum of 3727 and a minimum of 3567, once again leading the cryptocurrency market. The EMA trend indicator for bulls has begun to widen. EMA15 has reached 3390, MACD is expanding, and DIF and DEA are stretching at high levels. The K-line has broken the upper Bollinger Band at 3705, oscillating upward around the upper track. The KDJ is in a bullish trend, and the overall trend is strongly bullish.
The four-hour K-line neck line remains at 3530, but the short-term support EMA15 has reached 3630. The flag indicator has also changed, and the prototype of the ascending triangle trend has emerged. As MACD expands, DIF and DEA are consolidating at a high level, the top divergence trend is becoming more serious, and the Bollinger Bands are contracting. The upper track has also lost 3710, the middle track support has stretched to 3615, and the lower track support is at 3525. The overall mindset remains bullish, coupled with the beginning of sector rotation, so the main strategy is to buy on dips, and avoid shorting as much as possible. Cultivate the habit of using stop-loss.
Short-term reference: Safety first. Remember that there is no guarantee in the market, so always have a stop-loss. Safety first, small losses with big gains are the goal.
Short positions from 3800 to 3850, defense from 3900 to 3950, stop-loss 50 points, target looking at 3700 to 3600, break out look at 3500 to 3450.
Long positions from 3500 to 3550, defense from 3400 to 3450, stop-loss 50 points, target looking at 3600 to 3650, break out look at 3700 to 3750.
Specific operations should be based on real-time market data. For more information, you can consult the author. The article release may be delayed, and the advice is for reference only, with risks borne by the reader.
This article is exclusively contributed by the Cryptocurrency Academy, representing only the Academy's unique perspective. There is in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions are not real-time and are for reference only. Risks are to be borne by the reader. Please indicate the source when reprinting. Manage positions reasonably and avoid heavy or full positions. The Academy also hopes that all investors understand that the market is always right, and if you make a mistake, you should summarize where the problem lies. Do not let the profits that should have been yours fly away. There is no need to be smarter than the market. When a trend comes, respond and follow; when there is no trend, observe and remain calm. It is not too late to act after waiting for the trend to become clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, Earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses happen unexpectedly. Cultivate the habit of strictly having stop-loss and take-profit for each trade. The Cryptocurrency Academy wishes you a happy investment!
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