Coin Circle Liying: 10.2 critical moment! The short trend in Ethereum is intensifying, and the outlook is worrying! Latest market analysis
Article release time 2024.10.2-10:30
The short trend of Liying was very obvious yesterday, and it was very decisive. After the fall of 2600, it fell all the way to above 2400. There was not much room to capture the fluctuation of more than 100 spaces. These have been sent, and the most important thing is how much more can be captured in the future. Space, we only look at the present, and look at the current market opening. The current four-hour K-line pattern shows an obvious downward trend, especially the sharp drop on the 1st from 2630 to 2440, with multiple long negative lines and a small number of rebounding positive lines, indicating that the market is selling. The pressure is greater.
The technical indicator MACD is running in the negative area, and both DIF and DEA diverge downward, showing a strong short signal. RSI is currently around 30 and there may be a short-term rebound. The current price of the trend indicator is below EMA7, EMA30 and EMA120, showing an overall weak pattern. EMA7 quickly crossed EMA30 and EMA120, forming a dead cross, further confirming the downward trend.
The trading volume increased significantly from the opening on the 01st, reaching 1,623,547. The price dropped sharply, indicating that the selling pressure was huge. However, before publishing, Liying found that the trading volume had decreased, but it still remained at a high level, indicating that the market sentiment was still bearish. , so in terms of thinking, Liying suggested that the pressure level be mainly empty, and the support level should wait until the evening to see if there is any opportunity.
Today’s latest point reference:
The long point is 2400, the cover point is 2350, the stop loss is 2300, and the target is 2550
The short selling point is 2550, the covering point is 2600, the stop loss is 2650, and the target is 2450
Reason: The trend has begun to turn bearish. The main idea is to follow the trend and go short at the pressure level. The entry point is chosen to be at a higher pressure level. The stop loss point is also slightly lower to prevent being swept out. The content of the article is real-time and is only for Reference at your own risk
The above analysis is based on the conclusion drawn by Liying based on market data and handicap trend analysis. It is for reference only.
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