2024.4.11 Ethereum Market Analysis: Academicians in the Currency Circle Explain the Current Trend and Future Trend
How is the market of Ethereum these days? We won’t talk about the details of the day before yesterday. You can go and see it in the circle of friends. Why did we start to deploy more before each market last night? In fact, the reason is very simple. Ethereum started to dive before the opening, and it directly fell below the 3450 support pin. The main force is looking for a bottom and washing leeks. Otherwise, I will not be firmly bullish at 3430. Let everyone deploy this wave to pocket 3450. This 120-point space is enough, because the idle broke the EMA trend indicator and stood at a high level. We chose the most stable point to pocket,
Let’s take a look at the Ethereum market today. As of press time, Ethereum The current price is 3540, which is just near the central axis of the weekly line. The long and short positions are swinging and washing the market. (This layout has appeared many times in history. It is recommended to start the layout at a low position to be more stable and not to chase more.) Because the current trend of EMA has just formed, the alternation of the three major indicators has ended. The upper side has hit 3800 once. In the short term, it will consolidate in the range.
It can be seen that there were large-scale dives after the two daily K-lines hit the upper track earlier, and the Bollinger band fell back to the middle rule. This time the support point is slightly higher than the previous one, around 3470. What about the pressure level? It is still similar to the previous one, around 3730, because the trend of KDJ has always had strong resistance after the long stretch, and the MACD has increased its volume and raised funds so obviously that the K-line has not yet seen a rebound. In a polarization formed by the golden cross formation of DIF and DEA below the 0 axis, the possibility of the long position peaking in the short term is very high, so it is not recommended to chase more.
The four-hour ultra-short trend is currently above the EMA trend indicator. The three major long-term trends 120 and 90 and 60 have begun to alternate, forming a long indicator, (the K-line will have a callback The idea of low-long is clear, KDJ opens upward, MACD shrinks and increases, DIF and DEA close at high levels, Bollinger Bands block the K-line from pulling up several times in a row, the mid-line exchange point is around 3560, (the long-short interval is widened) The specific operation ideas are as follows
Today's reference:
The first entry point for long is around 3460, the second entry point is around 3400, and the long stop loss point is around 3350
The first entry point for short is around 3670, the second entry point is around 3730, and the short stop loss point is around 3750
(Both long and short positions have ranges. You can pay attention to the market and arrange in advance or later, set a stop loss, and freely fall in the pocket.) The specific operation is based on the real-time data of the market. For more information, please contact the author. There is a delay in the release of the article. The suggestion is for reference only and the risk is borne by yourself. This article is exclusively contributed by the academician of the currency circle and only represents the exclusive views of the academician. There is an in-depth study of BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the time of article push, the above views and suggestions are not real-time, for reference only, at your own risk, please indicate the source for reprinting, and reasonably control the position when making orders. Do not operate with heavy or full positions. The academician also hopes that all investors understand that the market is always right. If you are wrong, you should summarize your own problems and don't let the profits that should have been obtained fly away. There is no need to be smarter than the market in investment. When the trend comes, respond to it and follow it; when there is no trend, observe it and stay calm. It is not too late to wait for the trend to finally become clear before taking action. Tomorrow's success comes from today's choice. Heaven rewards hard work, earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards the heart. Gains and losses are inadvertent. Develop the habit of strictly setting stop loss and stop profit for each order. The academician of the currency circle wishes you a happy investment!
