Coin Circle Liying: 10.1 Ethereum faces danger in the future as the price continues to fall freely, the latest market analysis
Article release time 2024.10.1-10:00
The target given by Liying yesterday was just over 2600, and the defense of 2550 was not reached. The possibility of bottoming out at 2550 again is not ruled out, although it may not be very large. At present, we can see that the market trend has not changed and it is still long. It is just that the retracement support gives us the opportunity to do more. Liying will first show you the current market trend. Let's analyze the four-hour K-line pattern of the market. The price fluctuates in the range of 2600 to 2700, forming a shock consolidation pattern, indicating that the bulls have not ended yet. The retracement requires selling pressure. The market needs to digest it. After digestion, it is likely to break the previous high again
A long positive line appeared on the 27th, and then it continued to pull back in the next few days, but it is still at a high level overall. The technical indicator 4-hour MACD fast and slow lines are running below the zero axis, and both DIF and DEA are negative, indicating that the short-term short-term force is strong. But there are signs of gradual convergence, and a rebound may be ushered in. The 4-hour RSI is currently at 45. The market has no obvious direction for the time being, and this market is more indicative of the direction. The current price of the trend indicator EMA is above EMA7, but below EMA30, indicating that the short-term trend is bullish but the medium-term pressure is greater. EMA120 is far below the current price, and the long-term trend is still positive. The trading volume has increased in recent trading days, especially after the big rise on the 27th, showing that the activity of funds has increased. Although the market has decreased today, it does not mean that the momentum has decreased, so the idea given by Liying is still to focus on long and short.
Today's latest point reference:
Long point 2600, replenishment point 2550, stop loss 2500, target 2700
Short point 2700, replenishment point 2750, stop loss 2780, target 2650
Reason: Integer trend support point long effective can be held, must be well prevented, the content of the article is real-time, for reference only, risk at your own risk
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