Crypto Circle Scholar: 6.5 flag pattern lost, trend line broken! Ethereum may face a storm in the short term! Latest market analysis reference
Current price of Ethereum is 2655, it is now 1:30 AM Beijing time, very exhausting, and as expected, the main forces are waiting for non-farm payrolls, looking for an excuse, a reasonable excuse to justify, combined with the huge whale battles in the market, for those of us who already hold positions, it’s just a matter of waiting. Just before this article was published, Ethereum almost dipped south and was swept out. If it gets swept out, don’t rush to re-enter, open two positions to prevent emotional trading and reduce the error tolerance rate, wait for the market to confirm again before re-entering. If not swept out, hold on with peace of mind.
Daily K-line highest 2679, lowest 2582, EMA trend fast line support has reached 2565, large level resistance to focus on 2746 golden ratio 0.5 position, support to focus on EMA30 trend support 2450, MACD top divergence trend continues to shrink, the volume in the market hasn’t changed much, but the K-line is stretching, which is already a relatively abnormal signal. The Bollinger Bands have been in extreme contraction for almost a month, upper track focus on 2686, lower track support focus on 2450, for those who haven’t entered the market, remain cautious; for those who have entered, pay attention to key resistance and support.
Four-hour K-line has broken the flag pattern indicator, currently around the indicator trend line 2650, very stagnant, EMA15 trend support at 2608, MACD volume has not increased, the main force's accumulation is not very obvious, DIF and DEA have broken the 0 axis line into a high position but have not broken the energy indicator, plus the short-term level has entered the overbought phase, there is a need for a pullback. The K-line is forming a slow rising trend around the upper Bollinger Band 2689, pay attention to the middle track 2580 and lower track 2470 two pullback points.
Short-term reference: Safety first, remember that the market is not 100% certain, so always set a stop loss. Safety first, small losses for big profits is the goal.
Northern trial entry point 2450 to 2400, defense 2350, stop loss 30 points, target looking at 2500 to 2550, break point looking at 2600 to 2650.
Southern trial entry point 2750 to 2800 short, defense 2840 short, stop loss 30 points, target looking at 2700 to 2650, break point looking at 2600.
Specific operations depend on real-time market data. For more information, you can consult the author. There may be delays in article publication; suggestions are for reference only, risk is self-borne.
