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Cryptocurrency academy: 2024.11.27 Ethereum (ETH) latest market analysis reference.
Ethereum's current price is 3273. It is now 3:30 AM Beijing time. After the stop loss yesterday, basically no orders were arranged. Ethereum chose to observe mainly. The bearish trend is too obvious, and there is a tendency to hit the 3000 barrier again. Facing such a rapid rise and fall in the bullish trend, it is still important to choose to survive first and protect the chips in hand. Influenced by the rotation of sectors, Ethereum has shown a triple top bearish indicator. Originally, those who laid out at 3300 finally chose to leave the market safely.
Looking at the current daily K-line with a high of 3465 and a low of 3255, the market has moved in a unidirectional wave. The first support below is the EMA15 trend line at 3215. The overall trend indicator is still an upward expanding bullish indicator. MACD volume is decreasing, DIF and DEA are contracting at high levels. If it breaks below 3200, it will form a death cross and impact the 3000 barrier. The Bollinger Bands are contracting, the upper pressure level has reached 3487, the middle support reference is 3195, and the lower support attention is 2900. If the K-line breaks the previous low again before closing at eight o'clock in the morning, it will form a death cross.
The four-hour K-line has reached the support point of the rising trend line and the EMA60 exchange point above 3250. This can be used as a baseline to determine bullish and bearish indicators. MACD is decreasing towards the top divergence and is about to reach the 0 axis. The lower support reference of the Bollinger Bands is 3255. The idea can refer to this target. DKJ is spreading downwards, and the overall trend is beginning to contract. Prepare with a red heart and two hands. If the key point is broken, you can chase a short position; if not, then start with a long position test, manage stop losses, and exit if wrong.
Short-term reference: Safety first. Remember that the market is not 100%, so always set a good stop loss. Safety first, small losses, big gains are the goal.
Sell 3400 to 3450 above, defend 3500 to 3550, stop loss 50 points, target look at 3350 to 3300, if broken look at 3250 to 3200
Buy from 3250 to 3200, defend from 3150 to 3100, stop loss 50 points, target look at 3300 to 3350, if broken look at 3400 to 3450.
Specific operations are based on real-time market data. For more information, please consult the author. There is a delay in article publication, suggestions are for reference only and risk is borne by yourself.
This article is exclusively contributed by the cryptocurrency academy and only represents the exclusive views of the academy. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of article delivery, the above views and suggestions are not real-time and are for reference only. Risks are borne by you. Please indicate the source when reprinting. Manage positions rationally, avoid heavy or full positions. The academy also hopes that all investors understand that the market is always right. If you are wrong, summarize where the problem lies. Do not let the profits that should be in hand fly away. There is no need to be smarter than the market. When the trend comes, respond and follow; when there is no trend, observe and be still. It is not too late to take action after the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, earth rewards goodness, humanity rewards sincerity, commerce rewards trust, industry rewards excellence, and art rewards heart. Gains and losses are often unnoticed. Develop the habit of strictly managing stop losses and take profits for every trade. The cryptocurrency academy wishes you happy investing!
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