Old Yang from the crypto circle: 11.26 Ethereum: Taking advantage of the pullback, waiting for a short-term breakout, an analysis of the market trend to follow.

CN
7 hours ago

As a veteran in the cryptocurrency space, I have been deeply involved in this captivating and challenging industry for many years. Having experienced the ups and downs of the crypto market and witnessed the rise and fall of countless cryptocurrencies, I have accumulated rich practical experience and unique market insights. Investing is a long-term practice, and this is especially true in the cryptocurrency space. Continuous learning and improving one's cognitive and judgment abilities are essential to navigate this challenging field steadily.

Crypto Expert Yang: Ethereum Market Analysis on November 26, 2024

The Ethereum market shows a daily line breakout to a previous high of 3548, with a low of 3300, presenting a large-scale bullish flag pattern. The EMA12 trend support line continues to stretch to 3277 without stopping. Bullish indicators are showing a network-like expansion, with MACD increasing in volume, and the Bollinger Bands are contracting, with the upper band pressure level at 3530 and the middle band support at 3193. Overall, the bullish trend is solid, and trading strategies can be laid out accordingly.

The four-hour line of Ethereum fell back after attempting to reach 3550, with MACD alternating between decreasing and increasing volume, and DIF and DEA showing a contracting bullish trend at high levels. The upper Bollinger Band at 3509 has been repeatedly broken, indicating a high probability of upward expansion. Given that the bullish trend remains unchanged, it is advisable to wait for a pullback to find an entry point. Similar to Bitcoin, under a constant trend, a pullback should be viewed as a false signal to short, and one should set stop-loss orders to avoid losses.

Short-term Strategy:

Buy between 3370 and 3340, add to position at 3300, stop-loss at 50 points, target 3540.

Sell between 3540 and 3600, add to position at 3650, stop-loss at 50 points, target 3400.

Disclaimer: The above analysis represents the author's personal views and does not constitute specific trading advice. Trading based on this analysis is at your own risk; investing carries risks, and caution is advised when entering the market.

This article is exclusively planned and published by Crypto Expert Yang. For more real-time investment strategies, spot contract trading techniques, and operational skills, feel free to consult me for learning and exchange. I have focused on BTC, ETH, and altcoin spot contracts for many years and hope to help you achieve remarkable results!

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