Empty talk and paper talk are things that everyone can do, there's no need for "what if". If you missed the opportunity, there's no need to regret it! From now on, you must take this market seriously! Li Hui will continue to uphold professional knowledge, meticulous analysis, and unique position-building techniques, assisting every coin trader in successfully obtaining valuable wealth and continuously realizing their own value in the coin circle!
Ethereum has been laying out long positions near 2900 for 3 consecutive days and finally saw the results. Perfectly took profit at 70 points twice. In yesterday's layout, it was mentioned that you could enter below 2900 with a stop loss at 2805 and take profit at 2945-2975. If it breaks through, you can continue to hold until around 3040. Although it hasn't reached 3040 yet, Li Hui thinks it's not a big problem. Compared to Bitcoin, it may seem a bit unsatisfactory, but after all, it's the second largest, so everyone shouldn't pay too much attention to it. I believe Ethereum can also make up for the rise, it's just a matter of time.
Another thing worth celebrating is that the market once again verified the so-called consecutive two-day negative news from the institutions was just a setup for last night. It seems that the bearish force this time is sufficient, perfectly achieving the effect of institutions' accumulation! The institutions create momentum first, and then wash out the short positions by taking advantage of the momentum. In addition, the three major stock indexes opened low and closed high last night, and broke through historical highs. What does this mean? This round of market rally will trigger a new wave in the financial market! It will attract a large number of financial enthusiasts to enter! It will have a very good effect on economic promotion!
5.16 Ethereum market analysis and operational suggestions:
On the 4-hour K-line chart of Ethereum, the coin price is approaching the top double trend line intersection pressure position, which is also the key position of EMA120 mentioned in yesterday's article. After all, Ethereum has not broken through like Bitcoin, so we need to be cautious. In the KDJ value, all three lines are performing very well, showing overbought conditions. The J value has even reached 109; MACD continues to have strong volume above the zero axis, with the volume approaching the 5-day high point. DIF has also entered above the zero axis from a negative value, and has opened a considerable distance from DEA! This indicates that there is still a large range for the coin price to rise!
Looking at the daily chart, the coin price is just approaching the trend line and EMA120 position. Once it breaks through, the coin price will have a large upward space. The KDJ three lines have just started to turn upward from the bottom and diverge. Personally, I think this is a good start, after all, those who are long at the bottom have just begun. In the MACD, it is obvious that the energy below the zero axis is not slowly shrinking towards the zero axis, but is directly reversing above the zero axis in an attempt to have successful volume. Whether the golden cross of DIF and DEA can be formed before the close remains to be seen, but from the market data, there is no problem at all. After all, this is the first volume above the zero axis. So we also need to be cautious about a change from long to short, after all, you all understand what I mean!
In summary, there is still a large upward space for the coin price, but it won't only rise without falling. The key trend support lines are the entry points, and the overall strategy is mainly focused on buying low during pullbacks! Short positions need to be adjusted based on changes in the market!
It is recommended to pay attention to the 2990-2975 range below, and consider going long with 5% if it doesn't break. Continue to reserve 5% replenishment space below 3020, which means you can enter below 3020, with a stop loss at 2920, and take profit at 3060-3110-3160 if it breaks through. If it breaks through, consider holding until around 3170.
Article reviews have delays, and the market changes rapidly. For more real-time signals, please follow my public account to get them. When entering the market, please strictly set stop loss and take profit, and take profits when you see them!
I, Li Hui, interpret world economic news, analyze the global trend of the coin circle, and have in-depth research on currencies such as BTC, ETH, LTC, DOT, EOS, BNB, SOL, etc. For those who are not familiar with trading, feel free to leave a comment!
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This article is exclusively published by (WeChat public account: Zhang Li Hui) 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 you bear the risk! May we always carry humility and courage in this complex coin circle, fear no challenges, and dare to explore. Just as we travel thousands of miles, "the road ahead is long, I will seek with my heart and soul." May we read thousands of books, keep pace with the times, and draw wisdom from the fountain. Travel thousands of miles, experience wind and rain, witness the scenery, and understand life. May you, under the guidance of Li Hui, heed advice, play to your strengths, and create value together. May we always remember the baptism of the market, not forget our original intentions, and move forward. In the wave of digital currency, holding onto faith with Li Hui, forging ahead with determination. May we jointly compose the future in each other's hands, 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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