Crypto Scholar: Ethereum 1.1 Achieves New Heights! A space of 100 points back and forth within the box for harvesting. Will the support level of 3320 be able to prevent further pullback?
Ethereum's current price is 3340, it is now five thirty in the morning. Repeatedly making waves back and forth in a space of 100 points, harvesting profits repeatedly. After taking profits at 3430 while moving up from 3330, the choice to move south to 3430 for profit-taking again, this back and forth is a space of 200 points. The details of practical operation have been updated, everyone can consult the author for reference. Wishing everyone a Happy New Year!
The daily K-line has a maximum of 3452 and a minimum of 3315. Similarly, coin friends ask about the entry point for moving south. Everyone can take a look at the short-term necklines at 3430. The push to 3450 did not break, indicating significant pressure. Only breaking below 3430 can ensure the timing for moving south; otherwise, it belongs to chasing highs and killing lows. The daily K-line has consecutive long shadows, impacting the EMA15 pressure level at 3450, retreating and breaking below EMA60, arriving at the golden ratio support of 0.618 at 3325, indicating effective support. Interested coin friends can consider moving north. The MACD has been continuously shrinking and increasing positions, and the K-line has been in a downtrend channel for a long time, expecting a nice bullish wave after probing the bottom. Give yourself a few more chances to move north, don’t get washed out.
The four-hour K-line further increases the trend of probing the bottom, currently at the critical support point of 0.236. Remember to get on board after confirming support. The frequent exchange of long and short positions in MACD indicates that the market will continue within the box. In the short term, the Bollinger Bands are also in a sideways phase. Pay attention to the upper resistance level at 3440 and the lower support point at 3320 as entry points for long and short positions. Set a defensive point with a good stop loss; let time take care of the rest.
Short-term reference: Safety first, remember that the market is not 100% certain, so always manage your stop loss. Safety first, small losses with big gains are the goal.
Northward trial position from 3320 to 3280, defensive at 3230 to 3180, stop loss at 50 points, target at 3350 to 3400, and breaking point at 3450.
Southward trial position from 3450 to 3500, defensive at 3550, stop loss at 50 points, target at 3400 to 3350, and breaking point at 3300.
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