Empty talk and paper analysis are things that everyone can do. There are not so many "ifs". If there are any afterthoughts! There is no need to regret missed opportunities! From now on, you must take this market seriously! Li Hui will continue to uphold professional knowledge, meticulous analysis, unique position-building techniques, and the spirit of staying calm in the face of danger to help every coin trader successfully obtain valuable wealth and continuously realize their own value in the coin circle!
Ethereum operation suggestions: In the analysis provided in the article the night before last, attention was given to the 3175-3200 range for shorting without breaking, with profit-taking at 3090-3030-2970. Many people may have been puzzled yesterday as to why there was no updated article. Everyone can carefully observe that before noon yesterday, the coin price did not fluctuate significantly, but started to rise in the afternoon and then fell back from 3221, which also basically coincided with the high shorting operation points in the previous article. Although the initial position setting for shorting was a bit close and got hit, it was immediately re-entered later. The overall trend prediction was still correct. Shorting at high levels and shorting after the 4-hour unilateral trend line broke, perfectly achieving the target profit-taking in the 3090-3050 range!
May 7th Ethereum market analysis and operation suggestions:
After reaching 3221 from the top, Ethereum's latest coin price experienced a major retracement to 3046 and then formed a small rebound. Looking at the 1-hour chart, after forming a clear hammer shape, the candlestick began to pull back. The KDJ also formed a cross-up spread at the bottom, and the MACD continued to decrease in energy below the 0 axis, with the DIF and DEA narrowing, forming a convergence state, indicating that the market is actively involved, but the strength is not very strong.
Looking at the 4-hour chart, the candlestick has crossed down through all the EMA10-EMA120 moving averages from yesterday, turning the support above the current coin price into resistance. It can be clearly seen that the EMA15 and EMA10 short-term weekly lines are crossing down through the EMA80 line, approaching the EMA60 and EMA30 lines. The J value in the KDJ is close to 0, indicating the continued oversold condition in the market. The MACD is strengthening below the 0 axis, and the DIF and DEA, after forming a dead cross in a positive state, continue to diverge and approach the 0 axis position. Considering the above indicators, there will be a small-scale pullback in the coin price during the day, but the range is not very large. It is advisable to focus on shorting at the 4-hour EMA moving average suppression position without breaking. Do not chase long positions at high levels.
It is suggested to focus on shorting without breaking the 3095-3115 range, with a stop loss at 3130; take profit at 3030-2990, and if it breaks 2970, continue to hold until the 2920-2900 range. As the saying goes, the entry point for going long at low levels needs to be based on real-time market data for layout!
Article reviews are delayed, and the market changes in an instant. For more real-time signals, you can follow the public account under my name. When entering the market, strictly set your profit-taking and stop-loss points, and take profits when the opportunity arises!
I, Li Hui, interpret world economic news, analyze the global trend of the coin circle, and have in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other currencies while studying in the United States. For those who do not know how to operate, you are welcome to comment and leave a message!
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This article is exclusively published by (WeChat public account: Zhang Lihui) and does not represent any official position. The publication and review of the article have a time delay. The above points are for reference only, and the risk is at your own discretion! May we always carry humility and courage in this complex coin circle, fear no challenges, and dare to explore. Just as the road ahead is long and arduous, "I will seek and strive for progress". May we read extensively, keep pace with the times, and draw wisdom. After traveling thousands of miles, experiencing storms, witnessing scenery, and understanding life, may you, under the guidance of Li Hui, make the most of your strengths and avoid weaknesses, and create value together. May we always remember the baptism of the market, not forget our original intentions, and thus achieve continuity. In the wave of digital currency, holding firm to our beliefs and forging ahead with determination alongside Li Hui, may we jointly compose a brilliant future and share the joy of success. Let us gather in the turbulent world of digital currency, make the most of our time, and create brilliance together. Li Hui is willing to embark on this challenging and opportunistic investment journey with you.
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