11.19 Zhang Lihui: Ethereum market analysis and trading suggestions:
Recently, many cryptocurrency friends have been asking me why I haven't arranged for Bitcoin. Let me put it this way: the current price is very high, chasing long positions is definitely unrealistic. Although there is space above, I won't let you take that risk. Friends who have interacted with me know that Lihui is quite stable, so we can only wait for a new high to arrange for short positions. Currently, the price of Ethereum is relatively low, and I believe there is significant room for development. Although the market is rising slowly, I believe there will be a day of breakthrough.
In the 1-hour chart, the Bollinger Bands are opening, and the K-line has broken through the MA180 and MA220 crossover resistance points. If today's market pulls back and rebounds, this point can no longer be considered as pressure. The long positions laid out yesterday have already taken profits above this position, so we can consider entering at the middle band and the MA30 and MA120 range on pullbacks. Defensive placements can be at the MA300 position; the MACD shows an increase in volume above the 0 axis, and the golden cross opening continues, indicating that bullish space still exists. Focus on small-level pullbacks for long positions.
In the 4-hour chart, the upper Bollinger Band is rising, and the current K-line has stood above the MA60 position. The pullback support is considered at the intersection point of the middle band and MA30. Defensive replenishment can be placed at the lower band; the MACD shows an increase in volume above the 0 axis, with a golden cross forming and continuing to open.
The daily Bollinger Bands continue to converge. Recently, the K-line has been running along the EMA10 support below. The EMA15 and EMA30 are rising quickly, including the lower band as well. Therefore, it makes sense that, as mentioned before, the space below is limited. The frequently mentioned EMA80 and EMA60 are also continuing to rise, and the bullish space is building up!
In summary, Lihui believes that the bottom stabilization pattern of Ethereum's price is about to form, and we should continue to focus on low long positions on pullbacks. Today's short position entry opportunity can be considered at the high point of the 14th for a short operation.
On November 19 at 2:10 AM Beijing time, editor's suggestion: mainly enter long in the 3110-3130 range on pullbacks, leaving space to replenish at 3050-3030 below; stop-loss at 30 points; target at 3180-3230; if breaking above the 3235-3245 range, you can continue to hold.
Short positions can consider entering lightly if the range of 3235-3245 does not break, targeting 3160-3120; specific entry opportunities for short positions are subject to Lihui's real-time notifications!
There is a delay in article review notifications. The market changes rapidly, and specific entry opportunities must be combined with actual operation for real-time notifications. The suggested entry points in the article are for reference only; do not trade heavily. Please set take-profit and stop-loss levels when entering, and take profits when you see them!
I, Lihui, interpret major world economic news and analyze global cryptocurrency trends. During my studies in the US, I have conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. Friends who are not familiar with trading are welcome to leave comments!
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