Academician of the Coin Circle: Ethereum daily K-line retracement on October 1, 2585 support is effective! Short-term long positions hold the latest market analysis reference
I am an academician of the Coin Circle, a warrior who has been protecting leeks. I wish my fans to achieve financial freedom in 2024. Come on!
Ethereum is currently priced at 2630. It is now 12 noon Beijing time. After 2610 fell below 2600 yesterday, I ran away. I did not choose to hold it because the market was really scary. Safety first, a small loss was out. It was not until 8 o'clock this morning that the daily line closed. At more than 8:20, I chose to continue to enter the market with long positions. If you pay attention to the specific entry point, I can see the details.
Let's take a look at the current market trend. The daily K-line retracement to the EMA15 support point 2585 trend line support is effective. The overall trend of EMA is shrinking, biased towards bulls, M ACD volume decreases, DIF and DEA begin to break through the energy indicator, the upper rail pressure level of the Bollinger Band continues to move up to 2800, KDJ spreads downward into the oversold reversal zone, which means that the 2600 support is effective, so there is no rush to hold 2595
Looking at the four-hour K-line again, there are three consecutive positives, and the bullish trend has begun to gain momentum. There is strong pressure at the intersection of EMA15 and 30 at 2635. After breaking, the pressure becomes strong support, and the bulls will continue. MACD shrinks and increases, and DIF and DEA shrink below the 0 axis. The golden cross trend is formed. The lower rail support is confirmed at 2590. It starts to hit the medium pressure level of 2650. As long as it breaks the long position, it will directly look at the previous high. KDJ has begun to spread upward. The overall trend continues the long position. The idea remains unchanged. Those who missed the opportunity to get on the train will wait for the next opportunity.
Short-term reference: 2595 long holding, safety first, remember that the market is not 100%, so you must bring a stop loss, safety first, small loss and big profit is the goal
2590 to 2610 below, long target 2650 to 2700, break to 2750 , stop loss 50 points
Short above 2800 to 2830, target 2750 to 2700, break to 2650, stop loss 50 points
Specific operations are based on real-time market data. For more information, please contact the author. There is a delay in the release of the article. The suggestion is for reference only and the risk is borne by the user
