Crypto Circle Scholar: The divergence pattern of Ethereum continues as of 7.18, holding on will surely lead to a quagmire! Latest market analysis and reference advice breakdown
Ethereum current price 3405, it is now 1:30 AM Beijing time. Many fans said the market cannot break 3400 based on yesterday's idea, and my suggested southward position was too far. Now the market has already moved out. In fact, the suggested southward position is near the golden ratio 0.786 resistance level of 3525. Friends familiar with this line should understand that 786 is second only to 618 in the key division line, and the stage high point is around 3500
Before the daily K-line writing, the highest was 3483, and the lowest was 3310. This month, before writing, it has stretched from 2400 all the way to break 3400. The market is still in a top divergence and has entered extreme overbought territory. The EMA15 fast line support has not broken 3000, MACD has been continuously increasing positions, the main bullish force is still increasing, and the upper Bollinger band has stretched to 3365. The daily level market has reached below the stage resistance of 3525, focusing on the strength of the resistance to decide whether to fully exit when heading north
The four-hour K-line has had three consecutive bearish candles moving down from the high point, paying attention to the stretched position of the EMA15 trend fast line, currently still at 3275, expected to reach above 3300. The MACD top divergence market continues, and the DIF and DEA are in extreme overbought single-sided bullish position, which is no longer suitable for speculative funds to enter. Aggressive traders should manage risks well, while conservative traders can just observe. The upper Bollinger band resistance level to pay attention to is 3530,
Short-term reference: Safety first, remember that the market is never 100%, so always set good stop-losses; safety first, small losses, big gains is the goal
Southward trial position from 3450 to 3500, defend at 3530, stop-loss 30 points, target 3400 to 3350, if broken, look at 3300 to 3250
Northward trial position from 3350 to 3300, defend at 3250, stop-loss 20 points, target 3400 to 3450, if broken, look at 3480 to 3520
Specific operations are based on real-time market data. For more information, please consult the author. There may be a delay in article release; suggestions are for reference only and risk is self-borne $ETH
