#The Future of Ethereum May 16

Hello everyone, I posted the market analysis early, hoping everyone can profit.

Let's analyze the daily chart of ETH. After a day of trading yesterday, it basically stabilized at 2400, oscillating between 2400-3500. Overall, the pattern appears to be a wave oscillation, so today we should be cautious of a pullback after a rise.

From the perspective of a single candlestick, the overall shape is an upward N shape; currently, the moving averages have formed a golden cross and are gradually forming a golden triangle. In this cycle, the breakout amplitude is large, and the cycle is long, making it very likely to directly break 5000 in this cycle. The market shows a bullish strength line, indicating that the support below is very strong, and we will continue to rise tonight! Please set your stop-loss, and you can appropriately short at high points. Wishing everyone good luck!

Please follow for updates, so you don't get lost, and here's the core advice for making money:

The reason you are losing money is that you can't hold onto your positions. Think about it, is it you? When you lose a bit, you want to stop loss; when you win a bit, you want to cash out. Embrace certainty. Staring at the market will never earn you money; running away early will never earn you money. Start with light positions and low leverage to hold on, and then increase your positions when a significant trend emerges.