11/6/ETH intraday operation suggestions...
ETH/Tian Chart: In last week’s market performance, Ethereum’s trend fluctuated in the first half of the week and then showed three consecutive positives in the second half of the week.
The bull market; effectively broke through 1850-1870 and the highest price touched 1914; temporarily the price was also hindered by this highest price
The new resistance area begins to adjust the trend; what needs to be paid attention to in the later market trend is whether the price can be effectively maintained there.
It runs above the previous resistance of 1850-1830; above that, the low and long thinking is the main focus during the day; in the process of adjustment and decline,
As long as the daily price in the process does not close below 1830, the long position will remain unchanged; if there is a clear bearish engulfment or
Signs such as dark cloud cover; then readjust your long and short thinking!
ETH/4 hours: The 4-hour price trend has new short-term resistance at 1915, and there are signs of adjustment and decline; but
The three moving averages still maintain the golden cross stage; the upward trend line remains intact, so try to operate in a small cycle during the day.
Wait and look for the signal after the decline has stabilized and try to buy more orders; defend below 1820; target 1915
to 1930; prompts short-term price resistance but the long direction remains unchanged; try to avoid short ideas!
Recommended ideas [Daily long, 4-hour shock]
Support 1850-1830/Resistance 1900-1930