11.6 Zhang Lihui: Bitcoin has experienced six consecutive days of decline before the election as expected, and those holding long positions in Ethereum should not panic; here is the latest analysis of

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19 days ago

11.6 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:

The major coin has finally ended its six-day downward trend and welcomed a significant reversal. Yesterday, Lihui mentioned that the bullish target for the major coin was reached as expected at 69,700, which also directly broke the two-day high. Currently, it is challenging the one-day high of 71,600. Lihui suggests that friends who entered midway should reduce their positions and continue to hold, waiting for a stable position above the daily midline. Now, let's continue discussing Ethereum;

Yesterday, Ethereum's rebound strength was still unsatisfactory, and many friends with long positions were lamenting. Lihui tells everyone not to rush; where there is weakness, there is strength. It’s just a matter of time. I believe everyone has witnessed Ethereum's ability to catch up before; Lihui has arranged for long positions below 2,440, which you can pay attention to. In the one-hour chart, we can see that the candlestick has shown a prolonged period of fluctuation in the intraday price. In the evening, it formed another rebound in the MA30-60 range, testing MA120 again. Currently, after a pullback, the candlestick continues to challenge; thus, we can observe that the Bollinger Bands have opened upwards, and the upper band is about to approach the MA120 position. Therefore, the second challenge at this position is a relatively small resistance point. Moreover, the MACD shows a balanced increase above the zero line, and the low-level golden cross is still opening, indicating that bullish energy exists, and we continue to look for a breakthrough.

In the four-hour chart, the upper Bollinger Band is rising. The previous candlestick rebounded after pulling back to the midline and MA7 support, so this position is also the entry point arranged by Lihui. The stop-loss can be placed below the lower band. Currently, the upper pressure considers the MA60 and MA80 crossover pressure; if broken, you can continue to hold. The MACD continues to increase above the zero line, and the low-level golden cross is still opening, so we continue to wait for a bullish breakout.

On the daily level, the Bollinger Bands are opening, and the upper band is also rising, coinciding with MA120. Currently, there is also pressure from the MA15-120 moving averages above the candlestick. A daily close above this range would be good, which would lead to the MA120 position. The MACD is decreasing below the zero line, and the DIF and DEA are converging. We should continue to pay attention to the convergence pattern; once a golden cross forms, the bullish trend will fully open, so everyone needs to be patient.

In summary, Lihui believes that the pullback before the election has been completed, and we can continue to maintain a low long position for entry.

At 1:20 AM Beijing time on November 6, the editor suggests entering long in the 2,460-2,430 range, reserving the 2,380-2,360 range for additional positions, with a stop-loss at 2,350 points. The target is set at 2,520-2,580, and if it breaks above the 2,590-2,600 range, you can hold until around 2,680. Opportunities for short positions should be combined with real-time market changes before entering; specific operations will be notified by Lihui in real-time!

There may be delays in article review and push notifications, and the market changes rapidly. Specific entry opportunities must be combined with actual operations, and real-time notifications should be prioritized. The suggested points in the article are for reference only; do not operate with heavy positions. Please ensure to set take-profit and stop-loss levels when entering, and take profits when favorable!

I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I have conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. Friends who are unsure about operations are welcome to comment and leave messages!

You can follow the author by scanning the QR code below!

This article is exclusively published by (WeChat public account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges and willing to explore. As the saying goes, "The road ahead is long and has no ending; yet high and low I'll search with my will unbending." I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.

May you, under Lihui's guidance, leverage your strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intention. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey filled with challenges and opportunities!

Warm reminder: The above content is solely created by the author’s public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading!

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