Crypto Circle Academician: The bat pattern of Ethereum appears at 11.5! The low buy strategy is effectively hunting, latest market analysis reference
The current price of Ethereum is 2386, it is now 9:30 AM Beijing time. I reminded everyone yesterday to prepare for hunting after falling below 2400, this statement still holds. Those who needed to enter have already done so in the morning, and those who haven't should continue to observe. As for the results, everyone will naturally see them when the market moves
Looking at the market, the daily K-line has already formed a bat pattern. Friends who can read can draw a bullish bat pattern. The EMA trend indicator has entered the final stage of the descending channel, with the EMA15 fast line resistance at 2508. The MACD continues to shrink and spread downwards, especially since both DIF and DEA have entered below the 0 axis. Additionally, the K-line has touched the lower support of the Bollinger Bands at 2365. The KDJ is blocked from spreading downwards at 2365, indicating that the lower support is effective for long positions, and it’s fine to hold
On the four-hour K-line, after the close at 8 AM, it began to retrace. The EMA trend indicator is spreading downwards and is basically in the final stage, with the EMA15 resistance now at 2450, which can serve as the first resistance. The MACD bottom divergence continues, with a reduction in volume. The DIF and DEA are spreading downwards, and the K-line has directly broken below the lower track of the Bollinger Bands at 2402. Remember that once the K-line breaks below the Bollinger Bands, it will eventually return to the Bollinger channel; this is common sense. The KDJ is blocked at 2355 and the support is starting to contract. The low buy strategy is effective, continue to hold, and consider shorting only after breaking above 2480 at EMA30
Short-term reference: Long positions have been entered, set stop losses well, safety first. Remember that the market is never 100% certain, so always have proper stop losses; safety first, small losses and big profits are the goal
For the upper range: Short from 2485 to 2505, with a defense at 2550 to add to the short position, stop loss 30 points, target looking at 2450 to 2400, break level at 2350
For the lower range: Long from 2330 to 2360, with a defense at 2250 to 2280 to add to the long position, stop loss 50 points, target looking at 2420 to 2450, break level at 2500 to 2550
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I am the Crypto Circle Academician, a warrior who has always protected the retail investors. I wish my fans can achieve financial freedom in 2024, let’s work hard together!
