Coin Circle Liying: Ethereum consolidates with reduced volume on April 21, preparing to challenge previous high resistance! Latest market analysis and trading suggestions
Family! The current price of Ethereum is 2306, located below the middle Bollinger Band at 2311 and above the lower band at 2261. The Bollinger Bands are in a contracting state, suggesting a decrease in short-term volatility, as the market enters a consolidation period before choosing a direction. After starting a rebound from the previous low of 1936, the price encountered resistance and fell back at 2463, forming a correction structure within an upward channel. In the moving average system, MA7, MA30, and MA120 are almost fused together, creating a short-term "dense support zone," where MA120 acts as a medium to long-term trend line, providing effective support to the price. The current price is close to MA120; if this moving average can hold, the probability of a rebound will increase; if it breaks below the 2260 lower Bollinger Band, the upward trend may pause.
In the MACD indicator, after the DIF and DEA formed a dead cross near the zero line, the green bars have reduced in size, indicating that the bearish momentum is weakening, and there are signs of tentative bullish counterattacks. However, from the volume perspective, the recent K-line fluctuations have narrowed, and the trading volume has not significantly increased, indicating cautious market trading, with both bulls and bears waiting for breakthrough signals. Combining the K-line shapes, in the past few days small bullish and bearish K-lines have formed, reflecting a stalemate in the competition between bulls and bears, and we need to wait for a volume breakout above the middle band or a break below the lower band to break the balance.
Short-term practical strategy (Taught by Liying, precisely aligned with the market)
Long position strategy: Go long on a breakout above 2355-2360, stop loss at 2320, target 2420 aiming for 2450
Short position strategy: Short below 2250-2260, stop loss at 2280, target 2220 aiming for 2180
The market will always reward those who respect trends and strictly adhere to rules!
Note: The above analysis is solely derived from technical logic by Liying and does not constitute investment advice. The market has risks; please invest cautiously.
Warm reminder: The content above is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are not related to the author; please discern carefully. Thank you for reading.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
