Title: AICoin: September 29th End-of-Month Carnival! Ethereum is about to face a long and short battle! How to stay ahead in this market? Latest market analysis
Article release time: 2024.9.29—08:40
As usual on the weekend, the market is in a sideways rest with no volatility. From the price on the market, it can be seen that the current four-hour K-line pattern fluctuates and oscillates in the range of 2600 to 2700, with an upward trend. On the 27th, a long positive line appeared, breaking through the previous high point, showing strong buying pressure. The MACD momentum indicator is weakening, with the DIF and DEA averages relatively high, but the MACD histogram is gradually shortening, indicating effective resistance at 2728 for Ethereum.
RSI14 indicator is at 58.04. At this time, AICoin suggests everyone to pay attention to whether the price will further rise or pull back. The current price is above the EMA7 trend and EMA7 is greater than EMA30, which is greater than EMA120. Therefore, the strategy is to continue to lay out long positions on the retracement support.
AICoin's comprehensive judgment: Continue to go long on the retracement, and consider shorting near the previous high.
Today's latest reference points:
Long at 2660, add position at 2620, stop loss at 2600, target at 2720
Short at 2700, add position at 2750, stop loss at 2780, target at 2650
Reasoning: End-of-month market combined with the weekend. AICoin's strategy is the same as yesterday, consolidating at high levels. In a consolidating market, both long and short positions have opportunities to operate, so one should not confine oneself too tightly, give oneself enough space, understand flexibility, and consider the overall situation.
The content of the article is time-sensitive and for reference only. Trade at your own risk.
The above analysis by AICoin is based on market data and trend analysis from the market, for reference only, and does not constitute investment advice. For the reference of family members. Over the past decade, AICoin has continuously explored and experienced hundreds of different types of digital assets. In this process, AICoin 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 striving in this challenging field, AICoin feels a responsibility to share her insights and hopes to help others with dreams to find their own position in this unpredictable market and embark on their journey to success.
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