Crypto Circle Academician: The risk of Ethereum MACD death cross intensified on 11.20, the box oscillation continues, and the future trend hides mysteries!
The current price of Ethereum is 3138, it is now 2:30 AM Beijing time. Yesterday I didn’t write about Ethereum as fans asked, so I provided the current price box strategy, using 3140 as the balance point. If it breaks, go short, a very short 50-point space can be taken, with a stop loss of 15 points as a perfect trade. Before the publication of the daily candlestick, the highest was 3224, the lowest was 3076, currently closing with a bearish candle. If it doesn't break the opening price of 3210 at 8 AM, it will likely continue to short down, the hope for a rebound is dashed, everyone can use the previous high as a directional selection point.
The current trend of the daily candlestick is in the bear pullback phase, having fallen more than a hundred points from above. Now returning to the 3140 balance point, the EMA trend indicator alternating in an upward net-like bullish trend has not ended yet. The EMA15 support point at 3030 has been reached, and the next trend support point focuses on EMA30 at 2880. The MACD top divergence has decreased significantly, and the DIF and DEA could form a death cross at any time. The large-scale trend begins to turn bearish, so the strategy can be to look for key resistance levels to short in small-scale trends.
The four-hour candlestick has entered an upward channel, the EMA trend indicator has begun to contract, and the 15 and 30 have started to contract and overlap. If it cannot go above 3130, it is necessary to pay attention to bearish liquidation. The MACD volume is shrinking, and the DIF and DEA are alternating around the 0 axis. The Bollinger Bands are beginning to contract, the long and short range is narrowing, and the box continues. The upper track focuses on 3190, and the lower track focuses on 3055. The strategy is to find opportunities at the upper resistance level to determine the layout for shorts later.
Short-term reference: Safety first, remember that the market is not 100% guaranteed, so it is essential to have good stop-losses; safety first, small losses with big gains are the goal.
Focus on the upper range of 3190 to 3230; if it doesn't break, go short with a 50-point stop loss; target 6130 to 3100, if it breaks, look at 3050.
Focus on the lower range of 3010 to 3050; if it doesn't break, go long with a 50-point stop loss; target 3100 to 3150, if it breaks, look at 3200.
I am a warrior in the crypto circle, always protecting the retail investors. I wish my fans to achieve financial freedom in 2024, let's work hard together!
