11.20 Zhang Lihui: The big pie has broken new highs as expected, can Ethereum still catch up? Where should today's entry position be? Today's latest Ethereum (ETH) market analysis reference!
After publishing the article early yesterday morning, the market came to the layout's 3110-3130 interval long position, triggering the market and quickly moving up directly above 3200, the space is visible to everyone, and it was mentioned that if 3235-3245 does not break, it can short. The market went up quickly and came down quickly, I estimate many crypto friends missed it while sleeping;
In the 1-hour chart of Ethereum, the upper Bollinger Band is rising, the K-line retreated to the EMA300 and lower band interval last night, forming a rebound again. The current K-line is trying to impact the MA30 to the upper band interval. It was mentioned yesterday that MA180 and MA220 still cannot act as resistance, so today's high pressure will depend on whether the 3230 position from yesterday can break through; The MACD below the 0 axis is forming a volume, and the DIF and DEA are expected to form a golden cross, so there may be a small explosion in long positions, or a catch-up pattern may appear; The idea is still to enter with low long positions on the retracement;
In the 4-hour chart, the Bollinger Band channel is parallel, and the upper band is lower than yesterday's high, indicating that there is still some pressure to break through, specifically depending on how the big pie pulls; The evening K-line dropped to the EMA60 position forming a rebound, currently attempting to stabilize at the MA30 and middle band interval; If it breaks above the MA60 resistance, we can see the upper band position, and the defense is still placed at the lower band and EMA80 interval; The MACD is shrinking close to the 0 axis position above the 0 axis, with the fast and slow lines converging, waiting for the DIF to contact the DEA to pull back; But we also need to pay attention to the false reversal formed by the death cross;
On the daily level, the Bollinger Band has opened parallel, and the lower band has surprisingly ended its upward posture, but EMA10, EMA15 continue to show an upward trend, including EMA30, 60, and 80, which are all bullish patterns, continuing to look at the bullish space for force;
In summary, Lihui believes that the range oscillation has not effectively broken through, and we can continue to layout with low longs and high shorts; Today's short position entry opportunity can still be considered if it does not break the high point of the 14th for short operations;
Beijing time November 20, 2:13 AM Editor: It is recommended to enter lightly below 3130, reserving the 3060-3040 position below for replenishment; stop loss at 30 points; target looking at 3190-3220; if it breaks the 3235-3245 interval, it can continue to hold;
Short positions can pay attention to the 3235-3245 interval, if it does not break, it can enter lightly short, targeting 3165-3130; $BTC $ETH
