11.16 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
In yesterday's article, I provided the operation to effectively intervene at the 4-hour EMA160 support. The intraday rebound effect was not very ideal, and after reaching the first target above 3120, it began to pull back; it also happened to be right at the EMA30, which is always a key point for short-term trading. Therefore, today's high point may need to continue to focus on this position. In the evening, the market retreated again below EMA60, and the current Bollinger Bands channel is trending downwards, with the lower band already touching the EMA80 position. The K-line is likely to reach this position as well. The MACD shows strong volume below the 0 axis, with no obvious contraction, and the fast and slow lines show no signs of convergence, indicating that there is still space below. Here, it is recommended to be bearish and not chase, but to continue waiting for a pullback to enter long positions.
In the 1-hour chart, the Bollinger Bands are opening, and the upper band is rising, preparing to cross above EMA80, indicating that there is also space above. However, the current K-line is testing the lower band below EMA220, so the long entry position can be considered to continue moving down. The DIF and DEA have formed a dead cross again, and volume is starting to increase below the 0 axis. The downward momentum of the market is not very strong; if the K-line moves very slowly, then EMA300 can be considered as an entry opportunity for long positions, paying attention to whether it can form interval support with the 4-hour EMA80.
In summary, Lihui believes that the short-term bullish space is relatively weak, and it is advisable to maintain a high short and low long layout for entry.
At 3:02 AM Beijing time on November 16, the suggestion is to enter light long positions in the 2950-2980 range on a pullback, reserving the 2890 position for additional purchases; stop loss at 30 points; target at 3070-3120; if it breaks above 3130-3140, it can continue to hold until above 3200.
If the market rebounds to the EMA80 position and does not break through, light short positions can be entered in the 3130-3100 range, with a target of 3040-2980; specific entry opportunities for short positions will be based on real-time notifications from Lihui!
There may be delays in article review and push notifications, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and the article's suggested points are for reference only. Please do not operate with heavy positions; when entering, please set stop-loss and take-profit levels, and take profits when they are good!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. I welcome comments and messages from those who are not familiar with trading!
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