11.19 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
Recently, many cryptocurrency friends have been asking me why I haven't arranged for Bitcoin. Let me put it this way: the current price is very high, and chasing after it is definitely unrealistic. Although there is space above, I won't let everyone take that risk; those who know me understand that I am relatively conservative. Therefore, we can only wait for a new high to arrange for short positions. Currently, the price of Ethereum is relatively low, and I believe there is significant room for development. Although the market is rising slowly, I believe there will always be a day of breakthrough.
In the 1-hour chart, the Bollinger Bands are opening up, and the candlestick has broken through the resistance points of MA180 and MA220. If today's market retraces and rebounds, this point can no longer be considered a pressure point. The long positions arranged yesterday have also taken profit above this position, so we can consider entering the middle track and the MA30 and MA120 range for support on the downside. The defense can be placed at the MA300 position. The MACD shows an increase in volume above the 0 axis, and the golden cross is continuing to open up, indicating that bullish space still exists. Focus on small-level pullbacks for long positions.
In the 4-hour chart, the upper track of the Bollinger Bands is rising, and the current candlestick has stood above the MA60 position. For retracement support, consider the middle track and the intersection of MA30. The defense for additional positions can be placed at the lower track. The MACD shows an increase in volume above the 0 axis, and the golden cross continues to open.
On the daily chart, the Bollinger Bands are still converging. Recently, the candlestick has been running along the EMA10 support below, and the EMA15 and EMA30 are rising quickly, including the lower track. Therefore, what I mentioned earlier about limited space below is reasonable. The frequently mentioned EMA80 and EMA60 are also continuing to rise, indicating that bullish space is building up!
In summary, I believe that the bottom stabilization pattern of Ethereum's price is about to form, and we should continue to focus on low long positions during pullbacks. Today's short position entry opportunity can be considered at the 14-day high point for short operations.
At 2:10 AM Beijing time on November 19, I suggest entering light long positions in the 3110-3130 range during pullbacks, reserving the 3050-3030 position for additional positions below; stop loss at 30 points; target at 3180-3230; if it breaks above the 3235-3245 range, you can continue to hold.
For short positions, you can consider entering lightly if the 3235-3245 range does not break, with a target of 3160-3120; specific entry opportunities for short positions will be notified in real-time by me!
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; enter with proper take profit and stop loss, and take profits when you see them!
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. For those who are unsure about operations, feel free to comment and leave messages!
Scan the QR code below to follow the author!
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 full of challenges and opportunities!
Warm reminder: The above content is solely created by the author on 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!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
