Crypto Circle Scholar: On April 27, the main force of Ethereum has offloaded at 1820, be careful, retail investors! Patience is key, wait for the best entry point! 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 1800, it is now 2 AM Beijing time, let's review. The article yesterday began by stating that the 1820 short was effective. The main force raised it here yesterday, giving everyone a chance to get on board. Some crypto friends privately messaged me to follow along, while others couldn't hold on and ran away after making a small profit of 40 points. It can't be said that running away was wrong; it's not a bad thing to secure profits. Moreover, with Ethereum now consolidating above 1800 and not moving, it is a kind of torment for those holding positions.
The daily K-line reached a high of 1841 and a low of 1777. The EMA trend indicator remains bearish in the long term, with a short-term correction. The K-line support to watch is the EMA30 trend line at 1740. If today's K-line continues to hover around 1800 without dropping, then the MACD will continue to expand in volume, and both DIF and DEA will break through the 0 axis. There is a high probability that bulls will exert force again. Those shorting need to pay attention to the strength of this force and must manage risks well. After the Bollinger Bands show a stop in the decline and a correction, the K-line has been absorbing near the upper track of 1820 for several days, and there is momentum to raise and offload. Watch for pressure at the EMA60 trend line at 1940, and you can place a sell order here.
The four-hour K-line continues to consolidate at high levels, with the K-line hovering around the EMA15 trend support at 1780. The EMA trend indicator is still expanding upwards in alternating patterns, and the short-term bullish trend still exists, but the momentum is weak. The MACD is continuously shrinking with a top divergence, while the DIF and DEA are expanding downwards from high levels. Overall, the trend still follows the previous view, with a focus on short positions at high levels. The short-term has not returned to the support point, so do not consider going long. For those wanting to go long, I suggest being patient and waiting.
Short-term reference: Safety first, small losses and big gains are the goal.
For upward testing, the entry point is 1750 to 1730, with a defense at 1680, stop loss at 30 points, and the target is 1800 to 1840, with a breakout target at 1870.
For downward testing, the entry point is 1850 to 1900, with a defense at 1950, stop loss at 30 points, and the target is 1800 to 1750, with a breakout target at 1700.
Specific operations should be based on real-time market data, and for more information, you can consult the author. The article may have delays in release; the suggestions are for reference only, and risks are to be borne by yourself.