Attention! The latest Ethereum market of the coin circle academician is revealed. The market data has a major turning point. Get ready to get on board.
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Coin Circle Academician: 2024.6.4 Ethereum (ETH) Latest Market Analysis Reference
First, let's review yesterday's article. Long at 3770, pocket at 3830, and then short at 3830, pocket at 3770. Does this pattern reveal anything? Yes, Ethereum has entered the box in the short term, and the long and short space is about 60 points back and forth. As of press time, Ethereum has returned to the support point near 3770. The idea is to continue to layout more, and the target remains unchanged at around 3830. It is also okay to be not greedy at 3800, and the stop loss is 30 points. No matter how to strictly abide by the rules of the trading system, do not open a position until the point, do not open a position without a breakthrough, do not open a position without a signal, and do not open a position when it is not a key point. At most, you can open a short position and wait for opportunities. After all, we The fundamental of trading is survival first, and then consider the benefits. Don't put the cart before the horse.
Let's look at today's market. As of 3 a.m. before the release, Ethereum's current price is around 3785. It has been consolidating near this position for many consecutive days. The EMA15 trend fast line has also reached 3685 and will soon reach the 3700 mark. At that time, it will accumulate power and wait for an opportunity to rush to the previous high. KDJ is still spreading downward, the Bollinger Bands are closing, and the K-line is consolidating sideways and starting to approach the Bollinger Bands' medium-regular support of 3600. MACD's volume has ended and it has begun to shrink downward. DIF and DEA have formed a dead cross. There have been many dead crosses to reverse the trend, so don't chase the short at the support level. If this idea of chasing ups and downs is adjusted well, the frequency of being harvested will be reduced.
The four-hour K-line has fallen below the EMA30 support and started to step back on the EMA60 trend support of 3745. KDJ spreads downward and takes shape. The Bollinger Bands are still shrinking. The pressure level has reached 3826, and the support point is closer to 3755. The box continues. If it does not break 3755, you can continue to layout more to eat. The distance from the upper and lower rails is slightly 20 points, and the stop loss is set. MACD has ended its expansion and started to shrink downward. DIF and DEA also form a dead cross. Then the layout remains unchanged and two-hand preparation is made.
Short-term ideas reference:
3820 to 2830 interval short, target 3770 to 3750 interval pocket, stop loss 30 points
3765 to 3745 interval long, target 3810 to 3820 interval pocket , stop loss 30 points
Major trend layout position attention:
Layout short at 3850 to 3900 above, cover short at 3950 to 3980, stop loss 3110, first exit point reference around 3700, second exit point around 3650
Layout long at 3650 to 3700 below, cover long at 3600 to 3580, stop loss 3550, exit point reference 3800 and 3900
Suggestions are for reference only, risk at your own risk. Click to view introduction for more real-time content
