Cryptocurrency Academy: On November 15, three crows appeared in Ethereum, enhancing bearish momentum! How to formulate strategies! Latest market analysis reference.

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8 hours ago

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I am a scholar in the cryptocurrency circle, a warrior who has always protected the retail investors. I wish my fans financial freedom in 2024. Let's keep pushing forward together!

Scholar in the cryptocurrency circle: November 15, 2024, Ethereum (ETH) latest market analysis reference.

Ethereum's current price is 3132. The market is fluctuating within a range. I didn't get to short at the high, and Ethereum has shown a situation similar to before, where key resistance and support levels are difficult to reach. What I am waiting for is a low long position. After testing the 3050 support on a smaller scale, it broke the trend resistance level of 3080 to enter the market. The exit timing was almost synchronized with Bitcoin. As for the trading records, I won't disclose them to avoid people saying I'm showing off. The key resistance level above is 3240. Given this weak trend, it is difficult to reach the key resistance level for positioning. My principle is to prefer to miss out rather than make a wrong move, so I choose to continue waiting.

The daily K-line reached a high of 3241 and a low of 3054. The EMA trend indicator continues to expand upward. The EMA15 first trend support has come to 2950. The daily K-line has formed three crows, and the MACD is showing a downward trend. The DIF and DEA have also shown energy indicators, along with a death cross formed by KDJ, all indicating an increase in bearish momentum. The daily K-line's attempt to break the previous high of 3450 after breaking the Bollinger Band has returned to within the Bollinger Band channel at 3410. Pay attention to the mid-track support at 2775. The market is starting to enter a downward channel; if the resistance level is not broken, it could be a short position, with a stop loss about 30 points above the resistance level.

The four-hour K-line has formed a head and shoulders pattern. The area of focus is the bottom balance point of the head and shoulders around 3130. As long as it doesn't go up, it indicates that the pattern is valid. Therefore, for long positions, I choose to secure 100 points first. The EMA60 support point is at 3025. After the MACD top divergence, it has decreased in volume. The DIF and DEA are expanding downward from a high position and have reached near the 0 axis. The four-hour fast line has already tested the lower track support of the Bollinger Band at 3080. The indicators have shown two top divergences, so we need to consider the possibility of the market further retracing below the previous low, rather than continuing to position at 3100.

Short-term reference: Safety first. Remember that the market is never 100% certain, so always set stop losses. Safety first, small losses with big gains is the goal.

For the upper range, short from 3180 to 3210, with a stop loss at 3250, 50 points stop loss, targeting 3130 to 3100, and if broken, look at 3050 to 3000.

For the lower range, long from 3000 to 3040, with a stop loss at 2950, 50 points stop loss, targeting 3100 to 3150, and if broken, look at 3200 to 3250.

Specific operations should be based on real-time market data. For more information, you can consult the author. The article may have a delay in publication, so it is suggested for reference only, and risks are to be borne by the reader.

This article is exclusively contributed by the scholar in the cryptocurrency circle and represents the scholar's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. Risks are to be borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Don't let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often happen unexpectedly. Develop the habit of strictly setting stop losses and take profits for each trade. The scholar in the cryptocurrency circle wishes you happy investing!

Warm reminder: The above content is solely created by the author of the 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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