Crypto Academy: On November 21, Ethereum once again launched the defense battle for three thousand. Will short positions stop here? The future trend is worrisome!
The current price of Ethereum is 3045. It is now 2:40 AM Beijing time. Let's first review yesterday's thoughts. The actual trading set short positions in the balance point range of 3140 to 3150. As of the time of writing, Ethereum is at 3144; don't rush to exit the market. Let's first watch for support at the three thousand mark before making a decision. There are several key levels to hold temporarily; don't rush to exit, be patient and hold to wait for the market to settle.
First, the daily K-line EMA15 support has come down to 3030, which is likely to break. Next, look at the EMA30 trend support point at 2890 and the flag pattern support point at 2800. The MACD has started to shrink after expanding and will form a dead cross trend if DIF and DEA do not return above 3100 before the close. The upper Bollinger Band has finished stretching, and the K-line is beginning to approach the middle track support at 2935. KDJ is expanding downwards, and the overall trend is bearish, entering a downward channel with strong bearish sentiment. Whether the bulls can hold the three thousand mark should focus on the 3000 integer mark.
The four-hour K-line has already fallen into the EMA trend indicator and has broken the EMA60 support at 3085. The next support level is 3030, which is also the EMA90 support, and the EMA120 support at the key long-short exchange point of 2975. After the MACD shrinks downwards, DIF and DEA are expanding downwards. The lower Bollinger Band support at 3040 has been lost, and the expansion is opening up. KDJ has formed a dead cross, and the trend has temporarily entered a bearish state, but it still hasn't broken below 3000. For now, we can keep an eye on this. If it does not break, then shorts can take profits; if it breaks, we can sell part and continue to hold the rest.
Short-term reference: Safety first. Remember that the market is never 100%, so always set stop losses. Safety is the priority; small losses with big profits are the goal.
Focus on the upper range of 3140 to 3150; if it does not break, go short. Defend at 3200, set a stop loss at 50 points, and aim for a target of 3050 to 3000. If it breaks, look at 2950 and 2900.
Focus on the lower range of 2900 to 2850; if it does not break, go long. Defend at 2800, set a stop loss at 50 points, and aim for a target of 3000 to 3050. If it breaks, look at 3100 to 3150.
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