11.16 Ethereum's four-hour K-line head and shoulders pattern appears, plus the daily line three crows, can the short position continue?
Ethereum is currently priced at 3032. It is now 3:25 am Beijing time. Before posting yesterday, I reminded everyone not to go long at 3100. The entry point is very clear. The upper pressure level is difficult to reach, because Ethereum has not reached the expected pressure level after two consecutive pullbacks. Yesterday, I gave the key pressure level of 3180 to 3210 for short positions. The highest daily K-line is 3130, and the lowest is 3014. I gave more than 3040, and the target is 3100. This wave of short-term space within the day is 60 points. As long as you are not greedy, you can basically get something. Let's stop talking. Let's look at the three crows on the daily K-line and get short positions. Can we step back to the EMA15 trend fast line support point 2950? This is the position that needs to be focused on at present. MACD volume continues to decrease, DIF and DEA also begin to shrink, the upper rail of the Bollinger band is too high to 3420, and the middle rail stretches to 2800. KDJ starts to spread after the downward dead cross is formed, and the pressure level moves down again. This wave of pullback will wait until the daily K-line opens at 8 o'clock in the morning. As long as it does not break 31 50, you can continue to short at high levels, and sell at a small loss if it breaks, and the short trend continues.
The four-hour K-line has an obvious head and shoulders pattern, and it has continuously fallen below the EMA trend line. In addition, the current dead cross formed by EMA15 and 30, the trend has even fallen below the EMA60 support point of 3030, MACD roller coaster shrinks, DIF and DEA fall below the 0 axis and enter a short trend, the Bollinger band pressure level moves down, and the middle track falls to 3145. From the overall trend, if the head and shoulders pattern is effective, you can choose to close it above Short at the key pressure point, long at the low point and wait for the pattern to end before considering
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