Coin Circle Liying: Ethereum slightly pulled back on September 20, now is the best time to ride the wind and waves! Latest market analysis
Article release time 2024.9.20-11:00
Continuous unilateral breaking of pressure levels, the bullish trend is so strong that it is natural to follow the trend. This position is not suitable for chasing ups and downs, so Liying suggests that the main idea is to step back to support and do more, supplemented by high-altitude. Let's first look at the four-hour level. The recent price fluctuates in the range of 2400 to 2500, forming a shock consolidation pattern. There was an obvious upward trend in the early stage, from around 2300 to 2495, but then there was a pullback, and it is currently oscillating at a high level.
The technical indicators MACD fast and slow lines (DIF and DEA) are both diverging upward, and the MACD histogram is positive, indicating that it is still in a bull market, but it is necessary to pay attention to possible divergence signals. RSI14 is currently around 65, indicating that there may be a small pullback demand in the short term. EMA7, EMA30 and EMA120 are in a long position, and the price is running above EMA7, showing a strong upward trend. EMA7 has a good support effect on the price.
Comprehensively judging, Liying believes that the trend is still rising and the idea is to step back and buy more
Today's latest point reference: risk control first and trading second
Long point 2400, replenishment point 2350, stop loss 2320, target 2500
Short point 2500, replenishment point 2550, stop loss 2580, target 2400
The content of the article is real-time and is for reference only. Risks are borne by yourself
The above analysis is based on the conclusions drawn by Liying based on market data and market trend analysis. It is for reference only and does not constitute investment advice. For your reference
