9.23 Zhang Lihui: Ethereum Short Position Conversion? Where are the Key Short and Long Positions Today? Latest Ethereum (ETH) Market Analysis and Trading Suggestions

CN
3 months ago

9.23 Zhang Lihui: Ethereum Market Analysis and Operation Suggestions:

Looking at the 1-hour chart, the Bollinger Bands are opening up, and the fast and slow lines formed a death cross yesterday and have slowly dipped below the current 0 axis. The midline of the current one-hour chart has also moved down, and short-term retracement continues to exist. Let's see if the defense in the EMA120 to EMA80 range can be successful.

The 4-hour Bollinger Bands continue to converge, the upper band continues to decline, and the fast and slow lines are also moving down after the death cross. Volume below the current 0 axis is increasing, so we need to see if the EMA30 and EMA200 ranges can provide support below. However, as the EMA30 continues to move up, the support point also needs to be adjusted at any time.

The daily closing is most likely bearish. There isn't much time left until the closing, so if the volume above the 0 axis is lower than yesterday, the fast line will definitely turn around when it approaches the 0 axis position, which means it may form a bearish retracement again. As long as the upper side does not break through the EMA60, shorting is the most stable option. If today's market breaks below the EMA30, then we need to consider approaching the midline.

Based on the above indicators, Lihui suggests that in terms of operations, we can first look for retracements, and if the support is not broken, then consider entering long positions. The mindset is still mainly focused on short rebounds.

Lihui suggests lightly shorting in the 2575-2600 range on the pullback; reserve the 2690-2720 range for adding positions on the upside, with a stop loss at 2740, and the target is to see 2545-2505. If it breaks below the 2500-2480 range, it can continue to hold until the 2400-2430 range.

For short-term long positions, it is also necessary to consider entering the market after the 2500-2480 range is supported, with the target to see 2560-2610 and gradually reduce positions to take profit.

Article reviews may be delayed, and the market changes in an instant. Specific entry opportunities need to be combined with actual trading operations, and real-time notifications should be followed. The suggested points in the article are for reference only. Do not overweight your operations, and remember to set stop-loss and take-profit levels. Take profits when the opportunity arises!

I, Lihui, interpret world economic news and analyze the overall trends in the global currency circle. During my studies in the United States, I have conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other currencies. For those who do not know how to operate, I welcome your comments and messages!

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This article is exclusively published by (WeChat Official Account: Zhang Lihui) for reference only, and all risks are assumed by the reader. May we remain humble and brave in the complex currency circle, unafraid of challenges, and eager to explore. Just as "The road ahead is long and filled with obstacles, yet I will persevere and seek." I hope that we will keep pace with the times, draw wisdom, travel thousands of miles, experience the wind and rain, and gain insights into life.

Under Lihui's guidance, may you play to your strengths, create value, remember the market's baptism, and stay true to your original aspirations. In the wave of digital currency, may we hold on to our beliefs, forge ahead, and jointly compose the future, sharing the joy of success. Let us work together to create brilliance in this investment journey full of challenges and opportunities!

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