Crypto Circle Liying: 11.19 Ethereum Short-Term Pullback Becomes a Good Opportunity for Layout! Undervalued? Strong Bullish Momentum Shown by Large Upward Candle! Latest Market Analysis
Article Published on 2024.11.19—08:40
Current Ethereum Price is 3170, Golden Cross Trend Has Formed, Ethereum Has Finally Seen a Decent Recovery, Although It Has Only Recovered 100 Points, This is a Positive Signal Released by the Market, It is Favorable, After Continuously Testing the 3000 Major Support, Short Positions Were Cleared and It Rebounded 200 Points, Although There Has Been No Effective Entry, We Have Been in a Wait-and-See Phase, Without Effective Bottom Testing, and No Obvious Support Has Emerged, Naturally, We Will Not Easily Enter, The Trend Remains Bullish, Naturally Taking a Bullish Approach as the Main Idea
Liying Still Analyzes From Price Trend, Currently, the K-Line Shape at the Market Fluctuates Around 3200, There Are Certain Signs of Volatility and Consolidation, The Previous High of 3228 Forms a Short-Term Resistance Level, While The Previous Low of 3051 Provides Support, The Technical Indicator MACD Currently Shows Positive Values for Both DIF and DEA, But the MACD Histogram Indicates a Weakening Trend of Bullish Strength, Need to Pay Attention to Subsequent Changes, Liying Suggests That Everyone Should Wait for Effective Pullbacks to Support Before Entering Long Positions
Relative Strength Index RSI is Close to Neutral Zone at 52.6, Not Entering Overbought or Oversold Zones, Indicating That There Are No Extreme Emotions in The Market Temporarily, Trend Indicators EMA7, EMA30, and EMA120 Show Bullish Arrangement, There is Still an Upward Trend in The Short Term, But Beware of Pullback Risks, Think Rationally and Layout Rationally, Do Not Chase Highs or Cut Losses, Wait for Clear Pullbacks Before Deciding, Because Trading Volume Has Recently Increased, Especially on Yesterday’s Large Bullish Candle, Indicating Strong Buying Power, But Currently, The Market Trading Volume Has Slightly Decreased, Which May Indicate Increased Watch-and-Wait Sentiment in The Market, Needs to Pull Back to Accumulate, So We Will Wait for Pullbacks Before Entering
Short-Term Strategy Reference:
Long Entry Point 3100, Stop Loss 3060, Stop Loss Point 3030, Target 3250
Short Entry Point 3230, Stop Loss 3280, Stop Loss Point 3310, Target 3100
The Above is Liying’s Brief Analysis of The Current Market Situation for Investor Reference.
