11.11 Zhang Lihui: Ethereum market analysis and operating suggestions:
After waiting for two days, Ethereum still hasn't provided a significant pullback opportunity; this weekend is different from the past, continuously recovering, the 3200 mentioned by Lihui on the 8th has also arrived;
The intraday surge to 3236 has formed a short pullback; we can see that after the one-hour pin bar hit the lower track, it rebounded again to run above the middle track. From the EMA moving averages, it is still a bullish arrangement; although there is volume below the 0 axis in MACD, the high position death cross is also opening, but the price drop is still very slow. The market seems to want to provide a pullback opportunity, so if the K-line breaks the lower track and EMA15, consider continuing to enter at EMA30;
The 4-hour Bollinger Bands are still upward, and the lower track is approaching 3000; the middle track coincides with EMA10 and forms support with EMA7. Pulling back here is also a perfect point to build a long position, in line with the 1-hour EMA30; the defense can be considered just below the EMA15 position;
From the perspective of the daily chart, the K-line has effectively stood above the 3100 level from the pullback straight pressure, so we can first look at the vicinity of the July 31 high, which is the 3330 level; don't think it's too far, the upper track is coming soon, the K-line is likely to follow closely; the MACD is still strong above the 0 axis with volume, this golden cross opening is really frightening, but Lihui thinks this is just the rebound that the second-tier should have, and many coin friends have probably scolded it for a long time, but now it's toughening up!
In summary, Lihui believes that the rebound space still exists, it is still advisable to enter with low longs during pullbacks; for short positions, testing should be cautious, and entry opportunities should be combined with real-time market changes before entering the layout, specific operations are subject to Lihui's real-time notifications!
Beijing time November 11, 0:48 editor: It is recommended to lightly long in the 3130-3160 range during the pullback, with a stop loss at 3080; target at 3260-3320, breaking above 3330-3350 can continue to hold until near 3480, which is near the July 24 high;
Article review push has delays, the market changes rapidly, specific entry opportunities must be combined with actual trading operations, real-time notifications shall prevail, the suggested article levels are for reference only, do not operate with heavy positions, please set take profit and stop loss when entering, take profits when it's good!
I, Lihui, interpret world economic news, analyze the global cryptocurrency trends, and during my advanced studies in the US, I have conducted in-depth research on currencies such as BTC, ETH, LTC, DOT, EOS, BNB, SOL, etc. For those who do not know how to operate, please feel free to comment and leave messages!
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