Academician of currency circle: Ethereum highlights symmetrical triangle on October 18, keep calm in the shock, the latest market analysis reference
The current price of Ethereum is 2600. It is now 8:30 am Beijing time. The daily K-line has just closed. It can be seen that the big daily line has a symmetrical triangle flag. It is now in the closing stage. In addition, today is Friday. If the market does not go out of a clear direction today, then this week's market will continue to shrink sideways, and the box will only get smaller and smaller. The operable space is compressed, and the meaning of operation is gone
The daily K-line has been repairing sideways between the EMA90 pressure level of 2660 and the EMA60 support point of 2570. EMA15 and 30 are shrinking upward alternately. MACD ends the increase in volume, and the polarization of DIF and DEA ends. The bulls encounter strong pressure. The end of the divergence does not mean that the bulls are open. Instead, a new resistance point is formed, which increases the probability of the bulls being exhausted. The Bollinger Bands shrink, and the upper rail pressure level has fallen to 2690. The middle rail resistance point is also spreading downward to 2488. KDJ shrinks the shorts and pays attention to the key position of the bottom support. If it breaks, The short trend may be opened
The symmetrical triangle trend of the four-hour K-line is more obvious. The reference point of the EMA30 trend indicator support point 2577 is just located at the symmetrical triangle support point. The MACD top diverges and shrinks downward. The DIF and DEA high positions continue to spread downward. KDJ shrinks upward, which means that the consolidation will continue in the short term. The market is still in the stage of triangle contraction. Be prepared for both hands and do the band in the range. Whether it is the pressure level or the support point, do the trending order
Short-term thinking reference: Remember that the market is not 100%, so Be sure to bring a stop loss, safety first, small losses and big profits are the goal
Band:
2640 short, target 2600, stop loss 20 points
2580 long, target 2620, stop loss 20 points
Short-term thinking
2640 to 2650 above, long, target 2700 to 2750, break to 2800, stop loss 30 points
2570 to 2550 below, short, target 2500 to 2450, break to 2400, stop loss 30 points
Don't forget, the darkest moment is often the moment before dawn. On the road to chasing your dreams, you are never alone, you still have me
I am a coin circle academician, a warrior who has been protecting leeks. I wish my fans to achieve financial freedom in 2024, cheer together!
