10.29 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
Do you all remember the long position set by Lihui in the 2450-2420 range on the 26th? That's right, we took profits at yesterday's high of 2540. This layout can be described in eight words: build positions at low, escape at high; it's a bit regrettable that Ethereum is still very weak, but we also made 126 points on the long position at 2414, capturing the entire range; even friends who joined midway also profited! Additionally, Bitcoin's target of 62900 was reached yesterday, considering that Bitcoin ETFs are still continuously flowing in, friends who are already at the table enjoying the feast have not yet arranged for the next course!
Continuing to observe Ethereum, after touching 2540, it formed a pullback again. From the 1-hour chart, we can see that Ethereum is still in a fluctuating upward channel, with the Bollinger Bands opening, the lower band touching MA80, MA60, and the support of the lower trend line; in the MACD, the volume continues to increase below the 0 axis, and the DIF and DEA are widening after a death cross. If the market continues to move slowly, we can consider entering long positions lightly at the MA80 level; because MA15 and MA30 are still in an upward trend and have not changed;
In the 4-hour chart, the price faced resistance at MA120 yesterday and began to pull back. Currently, after touching the MA15 line, it has formed a fluctuation. The Bollinger Bands are parallel and slightly upward, and the MACD shows a slowdown in volume below the 0 axis, with the DIF and DEA forming a brief convergence, but the low-level golden cross still exists. Lihui believes that there is still bullish space, and the lower defense can be considered at the lower band; therefore, if today the price breaks above MA120, the bullish target can be considered at the MA60 and MA80 levels;
In summary, Lihui believes that the bullish trend still exists. Considering that Bitcoin may break its previous high, Ethereum can still be entered on pullbacks at lower levels. Before this article was published, long positions below 2496 have already been arranged, so everyone can pay attention; high-level pressure should be considered for short positions.
Lihui suggests going long in the range below 2495, with a stop loss at 2430 and a target of 2540-2575; if it breaks above the 2580-2590 range, it can continue to hold until around 2630!
For short positions, attention should be paid to the 4-hour MA120 and the MA60 to MA80 range; specific operations should be determined based on real-time market changes, and Lihui's real-time strategy should be followed!
There may be delays in article review and push notifications, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and real-time notifications should be considered as the standard. The suggested points in the article are for reference only; do not operate with heavy positions, and please set take profit and stop loss when entering. Take profits when you see good results!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. Friends who are unsure about trading are welcome to comment and leave messages!
Scan the code below to follow the author!
This article is exclusively published by (WeChat Official Account: Zhang Lihui) and is for reference only; risks are to be borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges, and willing to explore. Just as "the road is long and has no ending, yet high and low I’ll search with my will unbending," I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.
May you, under Lihui's guidance, leverage your strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intention. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey full of challenges and opportunities!
Warm reminder: The above content is solely created by the author on the official account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
