Coin Circle Liying: 9.28 Windward! How to stabilize market confidence after Ethereum broke 2700? Latest market analysis and layout!
Article release time 2024.9.28—08:00
Ethereum finally broke through 2700. It is difficult to stabilize at 2700. We can only hope for stability after another round of bottoming out. Liying predicts that Ethereum will experience a pullback, and the stretch after the pullback will be positive. First, let's look at the trend of the market. The current candlestick pattern shows a fluctuating upward trend, with the low gradually rising and the high continuously breaking through. This is a process of continuous upward movement, with multiple bullish candles indicating strong buying pressure in the market.
The MACD technical indicator has a certain advantage in the bullish trend. Both DIF and DEA are above the zero axis, and DIF is greater than DEA. The MACD histogram is positive. The RSI14 indicator is currently at 64.55, approaching the overbought zone, indicating that the bullish trend will continue to rise. The EMA short-term, medium-term, and long-term moving averages all show a bullish arrangement, supporting the continued rise in prices. It can be seen that after breaking the previous high, there will be further consolidation.
The trading volume on the 26th and 27th shows active capital inflows, with the volume supporting the price increase, confirming the current upward trend. However, weekend market conditions are generally unsatisfactory, and changes may occur at the end of the month. Therefore, Liying suggests that after reaching a high point, one can start to short, and consider long positions after the support retests the 2630 level.
In summary, the layout is more on the short side, with multiple support points and flexible strategies.
Today's latest reference points:
Long at 2650, add position at 2620, stop loss at 2600, target at 2720
Short at 2750, add position at 2780, stop loss at 2800, target at 2650
Reasoning: Due to the end-of-month market conditions and the weekend, Liying's strategy is to consolidate at a high level. In a consolidating market, both long and short positions have opportunities, so one should not be too rigid and should allow enough room for maneuvering, understanding the overall situation.
The content of the article is time-sensitive and is for reference only. Risk is self-assumed.
The above analysis by Liying is based on market data and trend analysis of the market, and is for reference only. It does not constitute investment advice. For the reference of family members. Over the past decade, Liying has continuously explored and experienced hundreds of different types of digital assets. In this process, Liying has experienced the brilliance of bull markets and the dimness of bear markets, accumulating numerous valuable experiences and profound lessons. As a female trader who has been struggling in this challenging field, Liying feels a responsibility to share her insights and hopes to help others with dreams find their position in this unpredictable market and embark on their own journey to success.
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