The new market trend for Ethereum is coming, we need to pay close attention to the signals of long and short transitions!
Today, the Ethereum (ETH) market feels like it's about to make a big move. We investors need to keep our eyes wide open and look for the right timing to switch between long and short positions, so we don't miss out on good opportunities.
Currently, the price of Ethereum is hovering around 3420. Yesterday, someone bought at 3300 and sold at 3400. That was a smart move, not being greedy or taking risks. Some might feel it's a pity, thinking there were short opportunities above 3400, but our principle is: it's better to miss out than to make a mistake. After all, the price hasn't touched the trend line's resistance yet, and shorting now would just be pointless.
Look at the daily candlestick chart, the Ethereum price has been lingering around the 3370 line for four days, and now it has even dropped below that. If it falls further to the 3245 line, that might be a good buying opportunity. If the price stays stagnant, we should take this chance to rest and wait for the New Year. Right now, indicators like EMA and MACD are shrinking, and the Bollinger Bands are too. The price is just swinging in the middle, not touching 3595 above or 3110 below, which is really frustrating.
Now, let's take a look at the four-hour candlestick chart, where the contraction is even more evident, resembling an isosceles triangle. If it doesn't break above 3430 or below 3300, we should keep a close watch. Those indicators are also contracting, and the Bollinger Bands are tightening, with the distance between long and short positions becoming narrower. We should focus on the upper band at 3420 and the lower band at 3300, watching which direction the price moves.
For short-term trading, don't forget to set stop-loss orders. Making money is something no one can guarantee, so we need to be cautious. Our ultimate goal is to make small losses and large profits.
If you want to buy, keep an eye on the range of 3240 to 3200, with the defense line set at 3150 to 3100, a stop-loss of 50 points, and aim for a profit of 3300 to 3350. If it breaks, we can look at 3400 to 3450.
If you want to sell, focus on the range of 3450 to 3500, with the defense line set at 3550, also with a stop-loss of 50 points, aiming for a profit of 3400 to 3350. If it breaks, we can look at 3300. Specific operations will depend on real-time data; my updates may be slow and delayed, so please take them as a reference.
Recently, I'm planning to set up for a potential coin that is ready for a big surge. Doubling is quite simple, and a projected space of more than 10 times is not a problem. If you want to follow along, pay attention to my updates, I share insights for free!
