Coin Circle Li Ying: The Major Trend of Ethereum on November 26 Remains Bullish! How Will It Continue to Gain Momentum? Latest Market Analysis
Article Published on 2024.11.26----00:40
The current price of Ethereum is 3485, with yesterday's real-time price being over 3300. The target is to look at the previous high. How many fans have followed along? A wave of over 200 points profit-taking indicates that Li Ying's strategy is still correct. Congratulations to the old fans; new fans can review all historical posts for high accuracy. With the major trend being bullish, do not hesitate to enter long positions at the right time. The rest is up to the main force to pull the market. Go with the trend and never go against it. Let's see what points we should focus on in the current market?
First, from the price trend perspective, the current K-line pattern shows that the price has been fluctuating in the range of 3400 to 3500, forming a consolidation pattern. This is a good range to grasp the market. On the 23rd, a long bullish candle appeared, breaking through the previous high of 3499, but subsequently failed to maintain the upward momentum. The technical indicator MACD shows that both DIF and DEA are positive, and the MACD histogram has turned from negative to positive, indicating a strengthening bullish momentum. The bullish trend is valid; continue to wait for a pullback support to set up long positions.
The Relative Strength Index (RSI14) is approaching the overbought area, currently between 60-70, indicating that the market is in a strong state, but caution is needed for pullback risks. Since there is a risk of a pullback, do not go long at the current position; instead, wait for the pullback to end before entering. The trend indicator EMA shows that the short-term EMA7 has crossed above the medium-term EMA30 and is far from the long-term EMA120, indicating a clear upward trend. Additionally, the increase in trading volume shows strong market participation, indicating that market sentiment is gradually becoming active, and the bullish trend continues. The strategy is to focus on low long positions and supplement with high short positions.
Today's Latest Point Reference
Long Entry Point: 3350, Add: 3300, Stop: 3250, Target: 3500
Short Entry Point: 3550, Add: 3600, Stop: 3650, Target: 3400
The above analysis by Li Ying is based on market data and trend analysis and does not constitute investment advice. For reference only. Over the past ten years, Li Ying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Li Ying has experienced the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Li Ying feels a responsibility to share her insights, hoping to help others with dreams find their place in this unpredictable market and embark on their own successful journey.
The content of this article is time-sensitive and for reference only; risks are borne by the reader.
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