Crypto Circle Academician: Short-term double top pattern of 6.8 Ethereum has emerged! The hope for a bullish counterattack is slim! Latest market analysis reference
Current price of Ethereum is 2510, it is now 1:30 AM Beijing time, and it's time for a southbound move to exchange time for space again. The anticipated deep bottom has not yet arrived, it is recommended that everyone adjusts the average price above 2500 to cope with changes in the trend, so as not to be washed out of the market. Currently, the mid-term fluctuation of Ethereum is around 200 points, as long as non-greedy coin friends can take a hundred points and exit, there is no problem,
The daily K-line has a highest point of 2525 and a lowest point of 2455, the high point just reached the EMA15 trend quick line resistance level and fell back, indicating effective pressure. One can hold on to the southbound move, and with the trend indicator showing contraction, the continuous reduction in MACD has led to the DIF and DEA moving down from a high position to near the 0 axis. This kind of top divergence market can easily lead to sharp rises or falls, so be sure to do a good job of defense and stop-loss, safety first. The Bollinger Bands are still in extreme contraction, focusing on the middle track at 2560 and the upper track at 2690,
The four-hour K-line forms a short-term double top trend obstructed at 2520, just located at the EMA15 and 120 trend line resistance level, indicating effective pressure. Pay attention to the situation where MACD’s reduction ends and begins to increase, the DIF and DEA form a death cross below the 0 axis, indicating the bulls are trying to counterattack, it's up to the bears to give an opportunity. As long as it does not break the 0 axis, the bear will still dominate; the K-line is currently blocked by the middle track of the Bollinger Bands, focusing on the upper track at 2670 and the lower track at 2390 as short-term top and bottom references.
Short-term reference: Safety first, remember that there is no 100% in the market, so be sure to carry out stop-loss; safety first, small losses and big profits are the goal.
Southbound trial position from 2550 to 2600 long, defense at 2650, stop-loss 30 points, target looking at 2500 to 2450, break level looking at 2400 to 2350.
Northbound trial position from 2350 to 2330 short, defense at 2280 short, stop-loss 30 points, target looking at 2400 to 2450, break level looking at 2500 to 2550.
Specific operations are based on real-time market data. For more information, please consult the author. The article is published with a delay, suggestions are for reference only, and risks are borne by oneself.