9.25 Zhang Lihui: Ethereum market analysis and operation suggestions:
Yesterday’s Ethereum market was once again unexpected. The short-term indicators were clearly strong, but there was still no breakthrough. The retracement space was quite positive. However, as Li Hui mentioned before, since it was retreating, it provided an opportunity to go long!
In the current 1-hour chart, the Bollinger Bands open downwards again, and the K-line goes down to test EMA80. If the market falls very slowly, then the support below can be seen from the EMA120-EMA160 range support, and you can take more positions. Continue to pay attention to the strength of the retracement after the current death cross;
The 4-hour Bollinger Bands channel is about to form a parallel trend, but the upward trend of the middle track has not changed. Although the market did not give a large retracement after the fast and slow lines crossed, the short-term and medium-term indicators can see that EMA60, 80, 120, and 200 are all rising, indicating that there is still room above. In the short term, pay attention to the intersection support of EMA30 to EMA250 and the lower track;
Based on the above indicators, Li Hui suggests that the operation strategy should still be mainly based on pullback and low buying, and short selling can be adopted as long as the range does not break the high level!
Li Hui suggested buying lightly in the callback range of 2580-2550; reserve the range of 2480-2500 for replenishment below, stop loss at 2460, target at 2630-2680; if it breaks the range of 2690-2710, it can continue to hold to around 2800;
If the 4-hour upper track does not break through, you can consider shorting the market. You can consider entering the market in the 2690-2660 range, with a target of 50-70 points.
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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