Cryptocurrency Academician: July 26, Ethereum breaks the box model, the floor washing wave begins, the market will receive strong fluctuations! How should investors respond? The core trading is to survive, then profit, so before each transaction, think carefully whether your actions are reasonable, whether your capital is safe, and you need to form a mindset. Own trading and continuous optimization. Although the advice of the cryptocurrency academician cannot make you rich overnight, it can help you survive in the cryptocurrency market for a long time and persevere to the end to achieve the desired results. Hope you understand this.
I am a cryptocurrency academician, a warrior who always protects retail investors, wish my fans to achieve financial freedom in 2024, let's work together!
Cryptocurrency Academician: Latest Ethereum (ETH) Market Analysis July 25, 2024
Ethereum's box model has finally been broken, after the good news is gone, only the wave of floor washing remains, and reality has proven it. After breaking out of the box pattern, exit the market. Looking at today's market, before the article was posted, the highest price of Ethereum on the daily chart was around 3340, the lowest was around 3100. The market broke the EMA trend indicator, there is too much information, There was a sudden increase or decrease in the market, MACD volume decreased, DIF and DEA narrowed on the 0 axis, showing the possibility that the market could reverse. Don't chase sell orders, KDJ plunges, the daily chart also broke the middle Bollinger band support at 3280, which has now become a pressure point. Bottom support at 2900 is too far away, just pay attention to 3100 level.
4-hour chart continuously bearish, currently correcting above 3100 level, EMA trending to the downside. Previously it was said that the trend turning point at around 3270 was broken, switching from buying to selling, now the downtrend has arrived. The fast indicator EMA15 continues to decline, currently at 3320, expected to come under pressure at around 3250. MACD decreased in volume, DIF and DEA are still in the volume indicator, showing that the downtrend is not over. In the short term, don't catch the bottom, KDJ spreads down, the Bollinger band indicator diverges, the K-line breaks below 3150. The strategy is to return to the pressure point to sell, paying attention to the trend turning point at around 3270 , if you want to buy, you can try at the support point, it's okay if you're wrong.
The strategy is as follows:
Sell between 3250 and 3230, stop loss at 3280, target between 3150 and 3100, break out at 3050.
Buy between 3030 and 3050, stop loss at 3000, target between 3130 and 3160, break out at 3230.
Specific transactions are based on actual market data, for more detailed information you can contact the author. This article is for reference only and is at your own risk.
I have questions about Thi Trung, I want to join the group to welcome beautiful waves lhzl o98.322.9161
