11.18 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
The recent market conditions are indeed causing anxiety, and Bitcoin has not been able to break out of the consolidation range. The price of Ethereum has also shown compression, with the upper boundary of the daily chart gradually being lowered while the lower boundary continues to rise, approaching MA180; it can be observed that there are four support lines below the K-line: MA300, MA220, MA180, and the lower boundary, so the downward space will not be too large. Lihui emphasizes that the medium to long-term low-buy strategy remains a priority. Although the fast and slow lines are currently in a converging pattern, Lihui believes that after completing the small-scale consolidation, it will definitely rebound again; furthermore, the trend of the EMA level moving averages continues to improve, with EMA80 and EMA60 continuing to rise towards EMA120, and reaching EMA220 is just around the corner.
In the 4-hour chart, the Bollinger Bands are intentionally opening downwards, with the lower boundary diverging from EMA60, which may continue to test the EMA80 position, that is, the 3000 level; currently, there are the middle band and the MA30, MA60 three-line crossover pressure above the K-line, while the support below continues to consider the MA60-MA80 range; fortunately, the medium to long-term EMA moving averages still show a bullish pattern, all slowly rising; continue to wait for the short-term bearish trend to complete.
In summary, Lihui believes that the large-scale bullish pattern remains unchanged, and continues to look for opportunities to enter low-buy positions during pullbacks; short positions can be considered at the crossover pressure points of MA30 and MA60 on the 4-hour chart for short operations.
At 4:18 AM Beijing time on November 18, the editor suggests entering light long positions in the 3040-3010 range during pullbacks, with a reserve for adding positions at 2935-2955; stop loss at 30 points; target at 3090-3130, and if it breaks above 3140-3160, it can continue to hold.
Short positions can be considered if the 3140-3160 range does not break, with a target of 3050-3010; specific entry opportunities for short positions will be based on Lihui's real-time notifications!
The article review and push have delays, 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, and ensure to set take-profit and stop-loss levels when entering. Take profits when favorable!
I, Lihui, interpret world economic news and analyze the major trends in the global cryptocurrency market. During my studies in the U.S., I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. I welcome comments and messages from those who are not familiar with trading!
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