11.13 Ethereum main force raises prices to sell off, how should investors respond?
Ethereum's current price is 3236, and it is now 10:50 AM Beijing time. I have provided a super short-term strategy for everyone to grasp. I have been watching the market for six consecutive nights, so I took a break yesterday to catch up on sleep and have been watching from the sidelines. Looking at the current market, we can see that yesterday's attempt to break 3450 failed and was pushed down. There is a suspicion that the main force is raising prices to sell off, as raising the price back to 3200 has a 250 point range, which is typically a ridicule of chasing longs being harvested, which is also 250.
Therefore, AI cannot do this. At this time, the main force is in a highly controlled stage. Yesterday closed with a bearish line, so today we will see if it can recover and break the previous high and stabilize above 3450. Otherwise, there is a high probability of a trend reversal. The EMA trend indicator is still expanding upwards, and the probability of this reversal is very low but not nonexistent. The MACD volume is noticeably decreasing, and the DIF and DEA are expanding upwards as they just exited the energy indicator. After the Bollinger Bands expanded upwards, the K-line finally returned to the Bollinger Bands channel. The upper pressure level focuses on 3380, while the lower support level focuses on 3180.
The four-hour K-line has formed strong pressure at 3370 for four consecutive times and has now returned to the EMA15 trend line support point of 3235. Focus on the next support point EMA30 medium line at 3135. The MACD top divergence has shown a continuous decrease in volume. The DIF and DEA are expanding downwards from a high position, and the Bollinger Bands' upward channel has begun to contract. The K-line has reached the mid-track balance point, with lower support referencing 3090 and upper pressure focusing on 3235. Overall, the larger trend remains bullish. Since the trend has begun to adjust downwards, we can focus on key support points. If the support is not broken, we can start to try long positions; if broken, we should promptly remedy and take a short position. Do not confront the trend directly; be prepared with a flexible mindset.
Short-term reference: Safety first. Remember that the market is never 100% certain, so always set a stop-loss. Safety first, aiming for small losses and big gains is the goal.
Sell short from 3250 to 3300 with a stop-loss at 3350, risking 50 points, targeting 3200 to 3150, and if broken, targeting 3100 to 3050.
Buy long from 3050 to 3100 with a stop-loss at 3000, risking 50 points, targeting 3200 to 3250, and if broken, targeting 3300 to 3350.
Suggestions are for reference only, risk is borne by the individual. I am a warrior who always protects the investors. I wish my fans achieve financial freedom in 2024. Let's keep it up! $ETH #ETH行情分析 #以太坊行情分析