11.15 Ethereum Analysis

Ether has been on a downward trend since its high of 3449, and many people believe that Ethereum needs to rise to at least 3500 or 3600. There is a hump in the chart, which is the clarion call for a counterattack. Therefore, it is judged that some long orders are trapped on the small peak at 3250-3350. It feels that this opportunity will liberate these people. Or it is one step closer to unwinding.

Basically, if we do trend orders, we use 4-hour and daily K, as well as the jump line of weekly K, to judge the trend of this week. If it is a short-term intraday trade, there is no need to refer to large indicators such as daily K. Basically, 10 minutes, 30 minutes, 1 hour, and 4 hours are combined. The value of each line of KJD, as well as the intersection, especially the J line above is named the direction determination line. As long as the basic J value is greater than 90 for more than a few consecutive days, the price of this coin may be a short-term head. On the contrary, if this line is lower than 10 at the bottom, it can be referred to as a short-term bottom.

It is recommended to enter the market at 3030-3055, and the target position is around 3100-3130. It depends on the situation. Remember to play with loss❗$ETH