Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so don’t rush into it. Even if there is a loss in the short term, there is nothing to be afraid of. As long as the subsequent direction is chosen correctly, what has passed away will eventually return again. However, you must pay attention to the timing of making orders and the current market trends, so that the winning rate will increase. At the same time, investment is also a process of growth. Mr. Coin recommends that all coin friends should learn while operating, and make timely self-summaries of profits and losses, deepen their understanding of risks, and have the correct mentality planning, so that they can reasonably avoid risks and become a qualified investor.

10.18 Coin Circle Mr. Coin: Ethereum (ETH) market analysis reference

Ethereum's intraday trend is basically the same as the market. The recent price fluctuates around 2600, with certain upper and lower shadows. The market is in a fierce competition between long and short positions and has entered a high-level consolidation. The price is currently running around 2600. The intraday upward pressure is around 2633. The current fast and slow lines of MACD are negative, but the MACD histogram is gradually shrinking. There is a short-term correction trend. EMA: 7-period EMA is slightly higher than the current price, and the 30-period EMA and 120-period EMA are showing an upward trend. The long-term trend is still biased towards bulls.

Although Ethereum broke through the support level yesterday and hit a new high, it failed to break through the 2700 level. The overall trend is now in consolidation due to the weakening upward momentum. If it fails to break through, once the 2550 support level falls below, the price may further test the lower level. On the contrary, if it breaks through the 2633 level, the increase is expected to continue and it is expected to test the 2700 level. Focus on the stabilization of the 2600 level during the day. It is recommended to buy at low levels and try to sell at high levels.

10.18 Ethereum short-term reference:

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Long order: 2541-2500 short, defense 2400 to cover, stop loss: 2380 target above 2600,

For short positions, focus on the 2740-2710 range, stop loss 50 points, target below 2660.

There is a delay in sending the article. The strategy suggestions are for reference only. The market changes rapidly. No matter how good your judgment of the market is, you must take the stop profit and stop loss well and put the profit in the bag.

For more real-time orders every day, you can follow my public account and get my name. You can learn online trading techniques, get out of the market, etc. I have been studying the market for many years, studying the general trend of the currency circle, and studying in the United States for many times. I mainly analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other currencies. For those who don’t know how to operate, welcome to study together.

The content of this article is exclusively shared by Mr. Bi in the currency circle. It only represents Mr. Bi's exclusive views. There is a delay in sending the article. Risks are borne by the user. When placing orders, control the positions reasonably. Do not operate with heavy or full positions. Mr. Bi hopes that all fans and friends can achieve financial freedom, move forward together, and cheer together. Deep in time, hold a light understanding. You must learn to be optimistic in investment. Don't let your future self hate your present self. We live in reality, but not every data is revealed. Let the past be the past, and let the future come quickly! Rest yourself, sharpen your weapons, and be ready to go at any time. Come on!

——This article was written by Mr. Coin from the Coin Circle. Please refuse to plagiarize and respect the originality!