Today, $ETH may be迎来(new wave of market activity, we need to learn to recognize signals of bullish and bearish transitions!
Right now, the price of Ethereum is 3420. Someone bought at 3300 yesterday and then sold at 3400. This trade was quite smart; they weren't greedy and didn't take risks. Some people think it's a pity and say I'm too conservative, clearly there were bearish opportunities above 3400, but I didn't seize them. My principle is that it's better to miss out than to make a mistake. Given that the current price hasn't even touched the pressure of the trend line, where's the reason to short? The order book is just sitting there, not moving at all.
On the daily chart, the price has been hovering around the EMA60 line near 3370 for four days and has now broken below it. If the price drops further to the EMA90 line at 3245, that might be a good buying opportunity. If the price just stays sideways, we can take this chance to rest and enjoy the New Year. Indicators like EMA and MACD are all contracting, and so are the Bollinger Bands. The price is fluctuating in the middle, not touching the middle track at 3595 or the lower track at 3110; this trend is truly perplexing.
On the four-hour K-line, this contraction is even more evident, resembling an isosceles triangle. As long as it doesn't break above 3430 or below 3300, we will just watch. Those indicators are also contracting, and so are the Bollinger Bands, with the bullish and bearish distances becoming narrower. We will focus on the upper track at 3420 and the lower track at 3300 to see which way the price moves.
Safety first in short-term trading; don't forget to set stop-losses. Making money isn't guaranteed, we must be cautious. Small losses and big gains are our goal.
If you want to buy, watch the range from 3240 to 3200, with the defensive line at 3150 to 3100, setting a stop-loss of 50 points, aiming for a profit between 3300 to 3350. If it breaks, we can look at 3400 to 3450.
If you want to sell, watch the range from 3450 to 3500, with the defensive line at 3550 and a stop-loss also at 50 points, aiming for a profit between 3400 to 3350. If it breaks, we can look at 3300. Specific operations depend on real-time data; my writing is slow, and there may be a delay, so this is just for reference.
Opportunities will come again, and when they do, I will guide everyone to target the high-profit opportunities in altcoins to bottom fish and layout spot trades. Doubling your investment should definitely be possible. Follow me, and leave a message to seize this round of bull market's big opportunities together.