Don't forget, the darkest moment is often just before dawn. On the road to chasing dreams, you are never alone; you have me.
First, better to miss than to make a mistake. Second, never over-leverage your trading. Third, learn to stay on the sidelines and wait for opportunities. Fourth, prioritize protecting your capital before considering profits. Fifth, learn to review and summarize patterns. To put it simply: do not enter positions until the price reaches the target, do not enter positions until there is a breakthrough, do not enter positions without seeing signals, do not enter positions without a stop-loss level, do not enter positions if the stop-loss level is too large, do not enter positions if it is not a key point. You can manually take profits, but ensure you always manage your stop-loss.
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Cryptocurrency Academy: 2024.11.7 Ethereum (ETH) latest market analysis reference.
Ethereum's current price is 2875, with the daily K-line reaching a high of 2882 and a low of 2700, essentially standing on the EMA trend indicator at 120, initiating a long-awaited rebound trend. The top resistance of the bat pattern is at 2680; before reaching 2700, it is advisable to exit. After the market opened in the morning, it started to surge rapidly. When trading, it is crucial to be aware of such trends. Do not chase rapid rises or falls; leave the chasing to others while we watch and eat popcorn. Let’s talk after the rebound concludes.
Currently, the daily K-line has stood above the high position of the EMA trend indicator, continuing upwards. In principle, a short position can be tried above 2820 with a stop-loss of 30 points. If it breaks, it can be exited, but before the article was published, it had already broken 2880, making further attempts unnecessary. Wait until the rebound concludes to discuss further. MACD has ended its contraction and started to increase in volume. DIF and DEA directly turned back to form a golden cross above the 0 axis, and the upper track of the Bollinger Band broke through the 2810 resistance point, turning it into a support point. Do not rush; wait for effective resistance to form above, then draw the Fibonacci retracement levels to find support points for layout.
The four-hour K-line has continuously stretched from 2400, pulling up more than 400 points. This shows how wise my recommendation of entering the hunting zone with ETH dropping below 2400 two days ago was. The EMA trend indicator has started upward mesh expansion, with EMA15 already rising to 2600, and it is expected to continue climbing to the range of 2650 to 2700 before slowing down. After MACD increases in volume, the upper track of the Bollinger Band has lost support at 2770. The strategy is mainly to buy on retracements, with selling as a secondary option. Be prepared with both hands open; the essence of trading is survival. Regardless of long or short positions, manage your stop-loss to prevent liquidation. Learn to acknowledge mistakes when wrong, and do not resist.
Short-term reference: Safety first. Remember, no market is 100% certain, so always manage your stop-loss. Safety first; small losses with big gains are the goal.
Mainly refer to these ideas and not as operational advice. If the trend is bullish, remember: do not trade against the trend.
Buy between 2700 and 2750, with a stop-loss at 2650 for additional buying. Stop-loss at 50 points, with a target of 2800 to 2850. If broken, look at 2900.
Specific operations should be based on real-time market data. For more detailed information, you can consult the author. The article release has a delay; suggestions are for reference only, and risks are borne by the reader.
This article is exclusively contributed by the Cryptocurrency Academy and represents the Academy's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above opinions and suggestions may not be real-time, for reference only, risks are borne by the reader. Please indicate the source when reprinting, manage your positions reasonably, and avoid over-leveraged or full-position trading. The Academy also hopes that all investors understand that the market is always right; if you are wrong, you should analyze where the problem lies. Don't let profits that should be yours slip away. There is no need to outsmart the market in investments. When a trend appears, respond to it; when there is no trend, observe and remain calm. It is not too late to take action once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards precision, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly managing stop-loss and take-profit for each trade. The Cryptocurrency Academy wishes you happy investing!
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