Crypto Circle Academician: The Ethereum 'boiling frog' market continues as of 4.21, when will the bottom consolidation end? Latest market analysis reference
The essence of trading is survival, and only then comes profit. I hope you can understand,
The current price of Ethereum is 1580. It is now a little past three in the morning Beijing time. The bulls waiting have not arrived, and the short entry point has not been reached. Instead, we have seen a wave of market conditions breaking previous lows. The support below has lost 1587, and the 'boiling frog' market continues. The long bottom consolidation market has a very narrow range, and if trading contracts, there is basically no operational space. It is advised to continue waiting until breaking previous lows before considering whether to go up, so the analysis mainly serves as a reference,
The daily K-line has a maximum of 1618 and a minimum of 1564. The EMA trend indicator is still in a bearish trend. The EMA15 fast line has already broken below 1630 and continues to decline. The MACD has been continuously increasing, but the K-line is diverging downwards. A large-scale trend has shown a bottom divergence. Coin friends who are interested can look for opportunities to get on board after breaking previous lows, seizing a medium-term trend. The Bollinger Bands are continuously decreasing downward, and the K-line is blocked at the middle track of 1640, expanding downwards. Pay attention to the lower track support at 1415.
In the four-hour K-line, it is obvious to see that the main force is following the decline and not the rise. The K-line has broken below the EMA trend line and is at a low level. The MACD's volume has ended and started to decrease. The DIF and DEA have formed a death cross. The K-line is currently blocked by the lower track support at 1565. The range will become narrower, with the middle track pressure level at 1591. In this extremely narrow market, the risk of operation is greater than the profit, so it is recommended to observe temporarily, focus on survival before considering the future, or wait for a possibility, which is to get in after Ethereum breaks the yearly low, without shorting.
Short-term reference: Safety first. Remember that the market is never 100% certain, so always set stop-losses. Safety first, small losses, big profits are the goal.
For northern entry points, try positions from 1420 to 1380, with a defense at 1350, stop-loss at 30 points, and target from 1470 to 1530. If breaking, look at 1560 to 1600.
For southern entry points, try positions from 1670 to 1700, with a defense at 1730, stop-loss at 30 points, and target from 1620 to 1580. If breaking, look at 1550 to 1530.
Specific operations should be based on real-time data from the market. For more information, you can consult the author. The publication of the article has a delay; it is suggested to be used for reference only, with risks borne by the reader.