11/1 ETH intraday operation ideas!

ETH/day chart: Yesterday, Ethereum continued to consolidate at a high level. The lowest intraday fluctuation was 1781. The highest point touched 1820 and closed at 1815; the increase was only 0.32%. The daily K closed a hammer line pattern that bottomed out and stabilized; the independent K line understood the stop of the decline. Bullish; however, the signal appears in the resistance area where bulls may temporarily come to an end in the daily band; therefore, the credibility of stopping the decline is questionable; on the contrary, there is a suspicion of hanging lines to induce bulls; the main plan is to look for bulls with bullish ideas. Opportunistic friends still need to wait for clear signals after the adjustment is completed; it is recommended to focus on the specific performance of 1750-1730 after being retracement tested; if there is an effective break of the 1730 day line and closing below it, this round of bulls will end and enter the broad range. What a shock!

ETH/4 hours: In terms of 4 hours, the technical trend during the European trading period is somewhat bearish; you can pay attention to short opportunities and the basis/ideas for ETH short selling.

The 4-hour level has been blocked twice from yesterday to the present; a potential small double top; it closed at 12 o'clock and fell back to the shooting star line; MACD has a serious lack of upward momentum; it is expected to fall back during the European trading session

The first target is 1775; if the first support can be effectively broken, let’s look at the entire Fibonacci retracement ratio of 38.2%/1735

Ideas for holding positions; you can control the short-term or mid-term actual gains by yourself within the day!

Recommended ideas [long]

Support 1730-1700/Resistance 1810-1850