11.19 Zhang Lihui: The main force's intervention in Bitcoin is about to break the shackles, should we continue to look for new highs? Where are the entry opportunities for Ethereum? Today's latest Ethereum (ETH) market analysis reference!
Recently, many cryptocurrency friends have been asking me why I haven't arranged Bitcoin. Let me put it this way, the current price is very high, chasing the market is definitely unrealistic. Even though there is space above, I won't let everyone take that risk; friends who have contacted me know that Lihui is relatively stable, so we can only wait for another new high before arranging short positions for entry; the current position of Ethereum is relatively low, and Lihui believes there is a large development space, although the market is rising relatively slowly, Lihui believes there will always be a day of breakthrough;
In the 1-hour chart, the Bollinger Bands are opening, and the K-line has already broken through the resistance points of MA180 and MA220. If today's market retraces and rebounds, this point can no longer be considered as pressure; yesterday's long position that was arranged has also taken profit above this position, so we can consider entering the middle track and the MA30 and MA120 range for support during the retracement; the defense can be placed at the MA300 position; the MACD is increasing above the 0 axis, and the golden cross opening is also continuing, with bullish space continuing to exist, focusing on small-level pullbacks and mainly low positions;
In the 4-hour chart, the upper track of the Bollinger Bands is rising, and the current K-line has stood above the MA60 position. For retracement support, consider the intersection of the middle track and MA30, and the defense can be set at the lower track; the MACD is increasing above the 0 axis, and the golden cross is forming and continuing;
On the daily level, the Bollinger Bands are continuing to close, and the recent K-line has been running along the EMA10 support below, with the EMA15 and EMA30 rising rapidly, including the lower track as well. Therefore, what Lihui mentioned earlier about the lower space not being large makes sense. The often-mentioned EMA80 and EMA60 are also rising, showing that bullish space is building up!
In summary, Lihui believes that the bottom stabilization pattern of Ethereum price is about to form, and we should continue to focus on low positions during pullbacks; today's short entry opportunity can be considered at the high point of the 14th for short operations;
At 2:10 AM Beijing time on November 19, editing: It is recommended to mainly enter lightly in the range of 3110-3130 during the pullback, with the lower reserve for additional positions at 3050-3030; stop loss at 30 points; target at 3180-3230; if it breaks above the range of 3235-3245, it can continue to hold;
Short positions can consider entering lightly if the range of 3235-3245 is not broken, with the target looking at 3160-3120; specific entry opportunities for short positions will be based on real-time notifications from Lihui!
